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Super Contributor
Posts: 6,677
Registered: ‎04-07-2008

Re: Just Paid $36,000 in Revolving Debt

Your siggy says 767. Was that your fico before paying your balances?

Established Contributor
Posts: 627
Registered: ‎07-28-2008

Re: Just Paid $36,000 in Revolving Debt

It dropped into the low 700s so I took a hit. Amazing how much utilization impacts score.

Frequent Contributor
Posts: 499
Registered: ‎03-09-2011

Re: Just Paid $36,000 in Revolving Debt




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In the garden since 26 Jun 14...
Established Contributor
Posts: 716
Registered: ‎08-26-2011

Re: Just Paid $36,000 in Revolving Debt

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.

Transunion: 713 FICO (5/13/2014) MyFico
Experian: 789 FICO (4/10/12) Lender Pull
Equifax: 695 FICO (1/10/14) MyFico

My cards: Chase United Mileage Plus 7000CL (3/12), CITI Simplicity 1800CL (9/12), Cap1 Platinum 1000CL (2/10), Cap1 Cash back 1500CL (11/11), Apple Barclay's 2500CL (11/11), Discover IT 6000CL (5/13)

My Primary Financial Goal is to put down my utl%.

Valued Contributor
Posts: 1,588
Registered: ‎04-24-2008

Re: Just Paid $36,000 in Revolving Debt

Util % makes up 35% of your Fico are going to see a nice increase once it report IMHO. Congrats !!

Moderator Emeritus
Posts: 4,469
Registered: ‎12-31-2008

Re: Just Paid $36,000 in Revolving Debt

Uncle_Money wrote:

It dropped into the low 700s so I took a hit. Amazing how much utilization impacts score.

Oh yeah!  


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.

Just puttin' syrup on something, don't make it pancakes.
Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011

Re: Just Paid $36,000 in Revolving Debt

[ Edited ]

MarineVietVet wrote:

Uncle_Money wrote:

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I assume the score you have in your siggy is outdated?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!!


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

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Established Contributor
Posts: 872
Registered: ‎10-16-2010

Re: Just Paid $36,000 in Revolving Debt

Congrats! It's such a good feeling when you pay off CCs. Smiley Happy

Starting Score: 760
Current Score: 716 Equifax 754 TU 736 Experian
Goal Score: 760

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