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Valued Member
Posts: 27
Registered: ‎10-13-2009
0

Paying down utilization

[ Edited ]

Current Score(3/30/13): EQ: 578 -- TU: 621 -- EX: 628
Goal Score: 760

 

With my current scores and a 96% Debt to Credit Ratio on revolving account. 5 accounts totalling $14,377.

If i make a one time payment of 13k  how big will my score jump?  any suggestions?

Bangs


Starting Score(6/12/09): EQ: 557 -- TU: 539 -- EX: 579
Current Score(4/7/14): EQ: 677 -- TU: 737-- EX: 692
Goal Score: 730

Valued Member
Posts: 27
Registered: ‎10-13-2009
0

Re: Paying down utilization

I am thinking i might a see a 100 point jump.


Starting Score(6/12/09): EQ: 557 -- TU: 539 -- EX: 579
Current Score(4/7/14): EQ: 677 -- TU: 737-- EX: 692
Goal Score: 730

Established Contributor
Posts: 849
Registered: ‎03-09-2013
0

Re: Paying down utilization

It really will come down to what else is on your report. There is no way to really predict. Everyone seems to have different results.

Blogger
Posts: 3,355
Registered: ‎10-19-2012
0

Re: Paying down utilization

Blogger
Posts: 3,355
Registered: ‎10-19-2012
0

Re: Paying down utilization


DiabolicallyRandom wrote:

It really will come down to what else is on your report. There is no way to really predict. Everyone seems to have different results.


If the rest of the OP's credit profile were messy the cards would've been CLD'ed I think.

Valued Member
Posts: 27
Registered: ‎10-13-2009
0

Re: Paying down utilization

I only have 2 30 day late on amex  in oct of 2012 and one 30 day late on my BOA cc.

Only baddies on my report.


Starting Score(6/12/09): EQ: 557 -- TU: 539 -- EX: 579
Current Score(4/7/14): EQ: 677 -- TU: 737-- EX: 692
Goal Score: 730

Established Contributor
Posts: 849
Registered: ‎03-09-2013
0

Re: Paying down utilization

I think you will have a significant increase, but I imagine those lates are still leaving a pretty big mark since they are only about 6 months old. Congrats on paying down that large of a chunk of utlization though! 

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