I was on the TU website looking at my scores and report and I went into the fico simulator and it suggested paying off 90% of my debt over the next 24 months? Why? Wouldn't I be better benefited if I pay my utilization down every month until I get it down to 1-9%?
This is the time factor. If you simulate paying off over 24 months you get a bigger score jump than paying off all at once. This is because the former includeds another two years of (assumed) perfect payment history.
The slide from grace is really more like gliding And I've found the trick is not to stop the sliding But to find a graceful way of staying slid