26 point jump, and 23 point jump. Charge off delete, and util drop

[gatortrades]

We see many posts about people asking "what happens if this is deleted" or "how much will my score jump if I pay down to XX%?"  I had two of these happen in quick succession this week, so I will post this information for you all.  Things are great now, but I was in the 475 FICO range a handful of years ago.  It's a long slow climb.

My report:

5.5 aaoa 

5 credit cards with perfect history.  2013 $750 limit, 2013 $2750 limit, 2014 $5k limit, 2016 $5.5k limit, 2016 $7.5k limit

Perfect student loan $75k balance (top 20 MBA so totally worth it) opened in 2016, but was consolidation from many earlier loans all perfect

Perfect $370k mortgage balance from June 2016

Perfect personal loan for boat $20k balance from June 2016

Truck loan paid off in April 2012, but had 3 30 day lates

These three 30 day lates are my only remaining items and were from 2011 and April 2012. I posted last weekend that the charge off was my last derog, but I forgot about these 30 day lates.  

So this is what happened:

I had a 720 fico with balances of:

2705/5000 boa cash rewards

1905/7500 boa travel

1972/5500 chase freedom

14/2750 cap one QS

0/750 cap one secured

Utilization was 30.68%

Charge off dropped off last weekend, and my score jumped 26 points to 746.

So after that, I got some CLIs and my BOA Cash Rwds reported a few dsys ago with a new balance of $286, and a new limit of $25k.  Utilization fell to 10.07% and score jumped 23 points to 769.  FICO score simulator predicted 761 from these, so that's pretty close.

Coming up soon on my reports is a new Chase Marriott for $29k, Increased limit on BOA travel to $25k, and increased QS from $2750 to $4250.  I PIF all cards several times per month, and don't particularly try to pay to zero on anything before the statement cuts, because I don't need credit for anything at the moment.

Interesting note, is that I did the FICO simulator to only "age my credit report" and when aging it for 21 months, I would have a 45 point jump due to that last 30 day late falling off.  I can't believe they predict that much of a jump from just a 7 year old 30 day late.  Must be becuase I'd be going to a new bucket with zero derogs.

Anyhoo, just thought I'd share my information for all of you all out there, so you can maybe gauge your own point increases.  Let me know if you have any questions!  I haven't paid attention closely to credit in about a year, but quick jumps to 769 has me all excited again!

[medicgrrl]

Congrats on the score increase! You've done an amazing job rebuilding.