Hello all! I am far from new to the forum but definitely took a loooong hiatus. During which time I improved my credit then got addicted to the approvals and welp fell into the high utilization zone. My question is how much of a jump has anyone seen from paying down a large amount of debt at once? I paid down about 5k worth of debt within this past month (down from 8k). I'll be looking to purchase a new car soon and just trying to get an idea....granted I know this can vary situation to situation.
CC#1 - was maxed at 1750.00 paid down to 501.00
CC#2 - was maxed at 2000.00 paid down to 700.00
CC#3 - was at 50% to 690.00
CC#4 - was at 1700 paid down to 500.00
My current scores are EQ - 633, Exp - 627, TU - 627
1 collection - FCO its paid off but wont drop off until 2020
1 recent late, 4 months ago - Comenity/EXP - paid by the due date by somehow accidently paid less than minimum amt (no luck in getting this removed so far)
