Credit Cards Center Credit cards from our partners
Reply
Super Contributor
Posts: 6,672
Registered: ‎04-07-2008
0

Re: Just Paid $36,000 in Revolving Debt

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



Established Contributor
Posts: 530
Registered: ‎07-28-2008
0

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.

Equifax Fico 785 as of 01/18/2012
Frequent Contributor
Posts: 466
Registered: ‎03-09-2011
0

Re: Just Paid $36,000 in Revolving Debt

 

Congrats!!

 


Enjoying your freedom? Thank a servicemember and their family!!!

In the garden since 05 Aug 14...
Established Contributor
Posts: 715
Registered: ‎08-26-2011
0

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: 1,074
Registered: ‎04-24-2008
0

Re: Just Paid $36,000 in Revolving Debt

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

Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
0

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
0

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?

 

 


+1

 

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I assume the score you have in your siggy is outdated?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

Take the FICO Fitness Challenge


Established Contributor
Posts: 872
Registered: ‎10-16-2010
0

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
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.