topic Re: improving Credit score in Understanding FICO® Scoring

improving Credit score

liodane23 — Fri, 18 Jan 2013 02:32:40 GMT

I recently paid down 3 cc from 70% to under 30% and one from 80% to40% would i see an improvement in my Credit score?

Re: improving Credit score

Shogun — Fri, 18 Jan 2013 02:40:52 GMT

Depends on what else is on your CR, but you could see a bump due to the decrease in util.

Re: improving Credit score

liodane23 — Fri, 18 Jan 2013 03:03:17 GMT

Thanks will let you know my Fico is 706now

Re: improving Credit score

liodane23 — Sun, 20 Jan 2013 01:27:49 GMT

Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.

Re: improving Credit score

QAMngrGirl — Sun, 20 Jan 2013 02:38:26 GMT

liodane23 wrote:
Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.

Maybe a stupid question but isn't this too old to still be reporting?

Re: improving Credit score

Revelate — Sun, 20 Jan 2013 06:24:54 GMT

QAMngrGirl wrote:
liodane23 wrote:
Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.
Maybe a stupid question but isn't this too old to still be reporting?

Depends on the negative, tax liens or renewed judgements for example but yes most are there for 7-7.5 years give or take. If the negative is one of those which is supposed to come off after the usual period, disputing as obsolete is recommended.

Re: improving Credit score

liodane23 — Wed, 23 Jan 2013 23:52:48 GMT

Finally paid down all cc's to about 28% from70/80% utl how long before i will see an improvement in my score?

Re: improving Credit score

OhioCPA — Thu, 24 Jan 2013 14:35:50 GMT

You should see an improvement when the CC's report the new balances to the CRA's. This will usually take place a few days to a week after the statement is cut.

Regarding the negative from 2003, when did you close that account? If it was a CC it should disappear ten years after closing.