Question on debt to credit ratio for the forum experts

[Anonymous]

When you guys talk about increasing your score quickly from paying down your balances, do you mean on the revolving accounts? I have a large student loan and mortgage and their debt to credit ratio is going to be hard to change. I do have about 15,000 credit in revolving accounts with about 10,000 balance. My mortgage and student loans though total about 400,000. My real question is if I pay down those balances on the credit cards to zero, will my credit score get a very large jump since they are revolving or will the large size of the other accounts simply dwarf those and therefore my score might go up but only 10 points or so?

[Booner72]

10000 out of 15000 is a lot and I don't have the calculator but it's over 50% I know that much.  You will get a huge jump by paying this down.

Your mortgage and SL are installment debt and you will still get a large jump by paying down your revolving debt.  Plus you'll have more money every month!

[Anonymous]

Thanks. Thats what I was hoping. Trying to get my score up as high as possible as quick as possible to apply for refi on my mortgage.

[Booner72]

As you can see from my sigs - I got a lot of score movement and it was all from paying down revolving and getting 4 collections deleted.  Only one collection moved my score bc the other 3 were in the middle of my messes.

What are your scores now?  Do you have negs?