Reply
Regular Contributor
newhouse2013
Posts: 244
Registered: ‎12-31-2012
0

Estimate how many points?

I just paid my credit cards down from 53% to 9%, I am trying to get an idea of how many points I can expect when my report updates.

 

Thanks for your help :smileyhappy:


Starting Score: 529
Current Score: EQF 643, TU 677 EXP 631,Lender Pulled Aug 2, 2013 EX 665, TU 664 and EQF 643
Goal Score: 701



Take the myFICO Fitness Challenge
Valued Contributor
gdale6
Posts: 9,263
Registered: ‎12-13-2013
0

Re: Estimate how many points?


newhouse2013 wrote:

I just paid my credit cards down from 53% to 9%, I am trying to get an idea of how many points I can expect when my report updates.

 

Thanks for your help :smileyhappy:


If you get the FICO 08 scores in a bankcard enhanced version you are likely to see a 30-40 point boost. Actual boost in score is of course based on a total picture of your file and nothing really changing in other loans you may have outstanding.

EX Cred Ses 08/14: 767 ; EX Fico 04 V2 06/14: 775; EX Fico 08 07/14 778 ; EX Fico 08 BC 07/14: 800
EQ Fico 05/14 781 ; EQ MPM 07/14: 721
TU Fico 8 07/14: 719; TU MPM 06/14 706

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}