01-06-2012 02:17 PM
Wow. That is a MASSIVE payment. The largest credit card payment I've ever made was $600 -- and that is when I paid off my iPad.
01-06-2012 02:18 PM
Util % makes up 35% of your Fico scoring....you are going to see a nice increase once it report IMHO. Congrats !!
01-06-2012 02:28 PM
It dropped into the low 700s so I took a hit. Amazing how much utilization impacts score.
Congrats on paying them back down - sounds like you had a high utilization for just a short time. Keep us posted on your score changes.
01-06-2012 03:13 PM - edited 01-06-2012 03:15 PM
I know it will drop my utilization but I'm wondering the score effect it will have?
What was the utilization before the pay down and what will it be now?
This infomation could help us give you a general-ish idea, of what you might expect to see scorewise.
And do you know your current EQ FICO?
I assume the score you have in your siggy is outdated?
ETA: Super Congrats, that is an amazing amount to pay down at once, great job!!
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