Hello All.......I have a question regarding my FICO score and a point jump. I have a total of 5 cards. Mostly small limits. Below are limits and balances. I have recently paid off Orchard, Blaze and Grow Credit Union. They now have zero balances. Can I get a 20-40 point jump here since these are paid once they report to the CRA's? Thanks for any feedback.
First Preimer - Limit $700 Balance - $650
Credit One - Limit $1100 Balance - $1040
Orchard Bank - Limit $300 Balance - $259
Blaze - Limit $350 Balance - $300
Grow Credit Union - Limit $1000 Balance - $900
My current scores are TU 621, EX 601, EQ 600. So my mean score is 601. I need to get to 640 Quickly, however, I will settle for 620.
If you pay down the other 2 and get your util down, I'd say you'd see a significant bump.