Utilization Question

[ktm214]

I am at 77%.  When I get it down, what is a typical increase in score?  Are there too many other factors?  Thank You.

[Deltadog03]

I know there is a lot of other factors as well, but dropping that down below 10% is for optimal FICO scoring.  

[guiness56]

Yes, way too many factors.  Collections, COs, lates. 

Either way I would say at least 10-15 points if you brought it down to even 20%. 

[SammyChance]

I gained 37 points today when utilization dropped from 37% to 19%.  In fact, my score has increased by a total of 90 points in paying down utilization from 87% to 19%, all in the last 3 weeks.

[guiness56]

Wow. Nice.

I'm glad you said that. 

[dpride86]

I saw a 25 points increase going from 31% to 16%. You can probably see a 50 point increase if you get it below 10%. Have you tried asking for a credit increase from your credit cards?

[ktm214]

Me too...I like that answer.  I am going to get mine down and see if I can come close to that kind of increase