Will I see much of jump?

let · ‎12-29-2008

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 · ‎07-01-2008

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 · ‎12-29-2008

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 · ‎07-01-2008

What is your credit limit on that credit card?

let · ‎12-29-2008

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

billsfan14 · ‎02-13-2009

What was the balance before this month's statement?

_________________

2/21 - TU 637 EQ 643
3/21 - TU 691 EQ 711

let · ‎12-29-2008

last month was $642.00

billsfan14 · ‎02-13-2009

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

Congrats on paying that down!

_________________

2/21 - TU 637 EQ 643
3/21 - TU 691 EQ 711

let · ‎12-29-2008

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

Donks3369 · ‎07-01-2008

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.

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Will I see much of jump?

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Re: Will I see much of jump?

Re: Will I see much of jump?

Re: Will I see much of jump?

Re: Will I see much of jump?

Re: Will I see much of jump?

Re: Will I see much of jump?