Hubby's scores are low, but according to the fico score simulator if we pay down our cc balances his scores should go up 50 points. Is that true and how long does it take. Our balances are quite high, almost to the limit.
Fico Simulator is supposed to be 90% accurate...I paid my UTL down from 87% to 34%...and I haven't seen anything yet...no one can say exactly how much...maybe you should post this in the General Credit Issues forum...you should get better responses there...
I began paying down my CC's in February. They were very high, by paying down half of my cc debt (this is the only thing I have done differently) I have seen my credit score raise from 655 in Feb to 697 now. So it does work!!
