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Change in score due to pay down of credit card.

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Anonymous
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‎03-04-2008 05:04 AM
‎03-04-2008 05:04 AM

Change in score due to pay down of credit card.

Just wanted to share.....
 
I started paying down my credit cards (8 - all maxed out).   One finally updated the balance.  Paid it down from 100% to 50%.   Received a score alert this morning and my score increased by 10 points.  Not a whole lot but it will be interesting to see what happens once they all update.
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Anonymous
Not applicable
‎03-04-2008 06:49 AM
‎03-04-2008 06:49 AM

Re: Change in score due to pay down of credit card.

Congrats on that!  I'm currently at 65% according to TU (the math of which I cannot dupliate ??) and am interested to see how scores change with balance pay-down.  I'm hoping to get to under 10% in the next 3 months and am HOPING among hopes to join the 700 club when that reports ....
 
Congrats on your 10 pts and I'll be watching for updates as others report the new balances Smiley Happy
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