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Pretty big utilization drop.

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tcbofade
Super Contributor

Pretty big utilization drop.

Time to update my weekly excel sheet. 

 

With all of my bigger payments having posted and a bunch of cards paid off,  my util drops from 51.65% to 43.64%

DW's will drop from 45.42% to 26.61% with a balance transfer outstanding that will take her to 22.9%

 

Score estimators give me 16-20 point increase, DW a 51 point increase...  it'll be about three weeks before all of those report to the CRA's, and I just can't wait to see the difference!  Smiley Happy

04/01/24 Fico 8: EX 763, EQ 799, TU 783.
Fico 9: EX 756 03/13/24, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 1 of 6
5 REPLIES 5
09Lexie
Moderator Emerita

Re: Pretty big utilization drop.

Good to see its going in the right direction. You are doing great!
Message 2 of 6
SunriseEarth
Moderator Emeritus

Re: Pretty big utilization drop.

Great progress!  I've pushed my UTIL from 43% to 36% reported and that made the FAKO score at CK go up 8 points.



Start: 619 (TU08, 9/2013) | Current: 809 (TU08, 3/05/24)
BofA CCR WMC $75000 | AMEX Cash Magnet $64000 | Discover IT $46000 | Disney Premier VS $43600 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Synchrony Premier $24,200 | Sony Card VS $23750 | GS Apple Card WEMC $22000 | WF Active Cash VS $18,000 | Jared Gold Card $16000 | FNBO Evergreen VS $15000 | Citi Custom Cash MC $14600 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Amazon VS $12000 | Freedom Flex WEMC $10000 | Belk MC $10000 | Wayfair MC $4500 ~~
Message 3 of 6
myjourney
Super Contributor

Re: Pretty big utilization drop.

Looking good keep paying it down and before you know it BAM high scores

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 4 of 6
tcbofade
Super Contributor

Re: Pretty big utilization drop.


@myjourney wrote:

Looking good keep paying it down and before you know it BAM high scores


I crossed the 700 line this morning for the first time....ever....  FCR says 711.

 

Woooooooooooot!

04/01/24 Fico 8: EX 763, EQ 799, TU 783.
Fico 9: EX 756 03/13/24, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 5 of 6
SunriseEarth
Moderator Emeritus

Re: Pretty big utilization drop.


@tcbofade wrote:

 

I crossed the 700 line this morning for the first time....ever....  FCR says 711.

 

Woooooooooooot!



Congrats!!



Start: 619 (TU08, 9/2013) | Current: 809 (TU08, 3/05/24)
BofA CCR WMC $75000 | AMEX Cash Magnet $64000 | Discover IT $46000 | Disney Premier VS $43600 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Synchrony Premier $24,200 | Sony Card VS $23750 | GS Apple Card WEMC $22000 | WF Active Cash VS $18,000 | Jared Gold Card $16000 | FNBO Evergreen VS $15000 | Citi Custom Cash MC $14600 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Amazon VS $12000 | Freedom Flex WEMC $10000 | Belk MC $10000 | Wayfair MC $4500 ~~
Message 6 of 6
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