Credit Cards

[LOVESBRIGHTPINK]

I have one credit card. It has a 500 limit, it currently reports on my credit report with about a balance of $350. My mid score is 612 so my LO needs me to get to 620 for fha.

It will update on 3/9

Currently it has a $100 balance.

I need to know what amount is the best for a high score jump. I heard between 5-10% and some people say 45% so help, I just need 8 points.

Oh and yes this is my only CC that I can work with here!

[mjbfan79]

If this is your only card i will PIF an let it report a 0 balance i'm sure you will get a jump then.

[hotsaka]

either pay it off completely or pay it off to a $40 or less

[LOVESBRIGHTPINK]

how much of an increase can I expect? If I pay it off to $50 ?

[llecs]

If this is your only CC, then I guess about 20 points.

As hotsaka hinted, if you can pay to $50, then you are much better off paying to $40. Ideally you want less than 10% reporting and paying it to $50 is still too high.