Will this affect anything?

sharriel · ‎05-30-2013

I have a VISA through my credit union. The CL is $1000. Last month when they reported it, my balance was $1007. I have paid it down to a balance of $850. When it reports this month, will it make a difference that my balance is down?

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673

Shogun · ‎05-30-2013

Maybe some, but 85% is still considered maxed out by most lenders. Get that paid down and you will be OK.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

sharriel · ‎05-30-2013

Thanks dude!

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673