Well Its True! You Better Keep UTI Down...

[doedoe]

Well over the holiday season.. I know, I know. I practicly maxed out my cards. I'm about 90-95% UTI. I checked my fico scores today and all 3 dropped 30-37 points. And thats with 2 negatives finally dropping off. Now its time to start paying them off asap.

Anyone that has dealt with this, how long after you pay em down do the scores rebound?

[astateofblank]

The scores should rebound as soon as the CCC reports the lower balance to the CRA (probably around your 'cycle' date, but it depends on the CCC). Previous utilization doesn't seem to matter all, only what it is currently.

[doedoe]

I hope so. I dont intend on making a big purchase anytime soon, I just want to make sure the scores go back up.

[Anonymous]

what was your utilization at prior to dropping to 90%?

[doedoe]

It was around 10-15%.

[fishbjc]

Yep, I've paid mine down from 93% to 78% and have seen an increase.  Due to a large payment going out and new credit, according to the simulator, I should see 60-80pts by mid june!!!!!