Bringing Down Utilization:

[fishbjc]

By April of this year, my utilization will be at 52% instead of 93%.  Any clue as to how many points this will gain, by experience?

Also, on the fico side, will this raise amount of debt from Very Bad to Bad or Good????

[Anonymous]

Even at 52% it is still hurting you-

I had about a 100 point difference between 43% utl and 5% utl-

Have you tried the simulator? It is pretty accurate for calulating overall utl and point changes-

It however does not take into account MAXED cards or number of accounts with balances-

[Anonymous]

100 points wow...i can't wait to pay mine down...for some reason the FICO simulator is showing a CO for 300 bucks that is closed as part of the revolving CL.

[wvasweetness]

Wow, Timothy - 100 point difference!!

We just paid ours from nearly 90% down to about 1.5% last week... I can't WAIT to see what the increase is!

[Anonymous]

It does make a huge difference, I was able to get my UTL down to 20% and when mortgage pulled, it was 702!!!!!!!!!!! At least one was...I couldn't believe it!