Paying off Credit Cards and score question.....

[eparker]

I have 5 active credit cards, all in good standing.  Credit limits are not very large, $800, $600, $500, $1500, and $2400.  My question is, I will be able to pay off four of them very quickly. 

What kind of score increase could I expect after paying off 4 of 5 cards.  JUST CURIOUS......

Thanks.....

[haulingthescoreup]

What's your current util on each card, and your current total util?

And what other negatives do you have going on?

Is high util currently a negative on your FICO reports, and if so, how high up the list is it?

If the only thing negative that someone has on a report is high util, paying it down/ off can generate a huge jump.

If someone has a BK and a new 120-day late and 2 years of history and whatever other negatives can be thrown in there, high util might not be a very significant scoring factor, so reducing it would help, but not in a spectacular way.

Paying down 90% util is huge. Paying down 30% is nice, but won't get the big jumps as paying down 90%.

etc

[Lel]

Locking this thread and redirecting to an earlier and identical post on Understanding FICO Scoring, to which you have received similar replies.

Please do not cross-post among multiple boards.  Thank you.

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Question-about-Credit-cards-and-Score/m-p...