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Score simulator confusion

Contributor

Score simulator confusion

I'm currently at 64% utilization right now over two cards. I used the score simulator thing to see what would happen if I paid the total down to about 9%.
 
Practically nothing. It would result in a 0-20 point increase.
 
I'm guessing this is wrong because pretty much the #1 thing dragging my credit score down is my debt ratio. Maybe it means a 0-20 point increase immediately, but in a few passing months (assuming I'm still paying small monthly payments), would it increase dramatically?
FICO (06/17/08): TU 691 - EQ 642 - EX 638 - Util 64%
FICO (07/23/08): TU 698 - EQ 653 - EX 644 - Util 50%
FICO (02/04/09): TU 694 - EQ 668 - EX 654 - Util 43%
FICO (05/18/09): TU 687 - EQ 675 - EX n/a - Util 39%
FICO (03/09/10): TU 666 - EQ: 691 - EX 644 - Util 54%
IDGuard (2/8/12): TU 690 - EQ: 710 - EX 710 - Util 72%
FICO (03/13/12): EQ: 696 (87% revolving to limits)
Message 1 of 3
2 REPLIES
Valued Contributor

Re: Score simulator confusion

There is no time delay once all the lower balances report, a newly generated score would take into account the new util instantly.
 
Is your util on 64% on 2 cards with a lower overall util or is your overall util with those cards nearly maxed?
 
Either way, if you pay it down to 9 I would expect 20 points to be the minimum jump, and it could be as high as 40.
Message 2 of 3
Contributor

Re: Score simulator confusion

The higher limit card is at 76% and the lower limit card is at 37%. Total for the two cards (my only open credit cards) comes out to 64%.
FICO (06/17/08): TU 691 - EQ 642 - EX 638 - Util 64%
FICO (07/23/08): TU 698 - EQ 653 - EX 644 - Util 50%
FICO (02/04/09): TU 694 - EQ 668 - EX 654 - Util 43%
FICO (05/18/09): TU 687 - EQ 675 - EX n/a - Util 39%
FICO (03/09/10): TU 666 - EQ: 691 - EX 644 - Util 54%
IDGuard (2/8/12): TU 690 - EQ: 710 - EX 710 - Util 72%
FICO (03/13/12): EQ: 696 (87% revolving to limits)
Message 3 of 3