Reply
Established Member
arcus1969
Posts: 10
Registered: ‎04-14-2007
0

How Long does it take for large CC payments to show an ef...

How Long does it take for large CC payments to show an effect on your Fico Score.... Thanks in advance Im still trying to get a grip on this whole Micro Managing of My Fico Scores..Also what is the best method of constant or regular monitoring of my Fico scores
New Contributor
madriley
Posts: 69
Registered: ‎03-07-2007
0

Re: How Long does it take for large CC payments to show an ef...

I was wondering the same thing. I recently paid a maxed out credit card to less than 10%. However, the same day, the credit card reported to the bureaus so I was too late for this month. The credit card still looks maxed out. The next time the CC reports my balance will be early May. My prepayment penalty expires in late June and I will be refinancing then. When the CC reports my credit card as less than 10% utilization next month, will that be plenty of time for a positive effect on my FICO before I refinance in June?
New Contributor
madriley
Posts: 69
Registered: ‎03-07-2007
0

Re: How Long does it take for large CC payments to show an ef...

bump

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+