Util

[GoodCredBen]

I have just recently settled with two accounts that i have been fighting, 

One for 2210 dollar

One for 228 dollars

These both were being counted as open accounts and going towards my util (i only had 1550 max credit) will my score increase when these are updated to 0? 

If so can anyone guess how much? I know util is a big % .... 

[guiness56]

You can figure out your utilization by subtracting the amounts you paid from your balances and dividing by the overall CL. This will just be an estimate.

I would think it would go up quiet a bit.

[GoodCredBen]

nice we hold around a 200$ balance for the CC (will pay lower, used it for some holiday purchases) but these had me at something like 240% util. 

[guiness56]

Well, then it should be around 12% onces updated.  I expect you should see a nice bump.

[GoodCredBen]

ugggggg im eager!!!!!!!!!!!!!!!!!!! >.<

[guiness56]

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@BadCredBen wrote:

ugggggg im eager!!!!!!!!!!!!!!!!!!! >.<

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LOL.  It'll happen.  And good job on getting those paid.,

[GoodCredBen]

i just took it out of my "Buy a home" fund lol... which since ive paid off my 450$/mo pickup and insurance is off of it (sold it to my fiances brother) thats another 600$ a month going into the fund wooooooooooo