Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007

Re: Don't buy updated FICO score and reports until August!

nomoremistakes wrote:
Hi all...just discovered this forum, although used this site for months.
Using the FICO simulator, it suggested paying down $797. of my current credit cards(That is may total balance), that would have the biggest positive increase on my score....
would you suggest using my Home Equity loan to pay this & obtain a zero balance or just pay it of in the next 2-3 months? I'm looking for the quickest increase....

Is your HELOC reporting as revolving or installment? Payment down revolving debt will have the greatest impact on your scores.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.