Will I see much of jump?

[let]

I have one CC from my credit union, $1000.00  this months statement is going to show a balance of $173.00.   Do you think I'll see any increase in my scores?  EQ 571 TU 568  TIA!

[Donks3369]

let,

Good job on paying down your debt.  The jump will depend on how much other debt you have and your credit limits.  What will this do to your utilization percentage?

[let]

 Thanks,I was determined to get it down! The only other thing I have is an unsecured loan for $2,400.00 at this same credit union. I don't have any other credit cards...

[Donks3369]

What is your credit limit on that credit card?

[let]

the limit is $1000.00, the balance is $173.00. 

[billsfan14]

What was the balance before this month's statement? 

[let]

last month was $642.00

[billsfan14]

No guarantee but I'd say you might see anywhere from 20-40 points.  

Congrats on paying that down! 

[let]

That would be great!! Thanks.  I'll keep you posted..

[Donks3369]

Yes, you should see a nice jump.  Basically you are going from 64% utilization down to 17%.  To get the best results get it under $100.  FICO likes to see between 1% and 9%.  Keep us posted though.