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08-18-2013 06:19 PM - edited 08-18-2013 08:43 PM
Oh my gosh I will let you do it while I practice ?
08-18-2013 06:19 PM
08-18-2013 06:26 PM
Credit Karma gives me a 0% utilization now but I have a couple of charges that should post tonight on a credit card with 2000 less than 100.00 balance now. All others are zero balance. I am trying to find what it was before my payments.
08-18-2013 06:27 PM - edited 08-18-2013 06:29 PM
From what you gave your utilization before pay off was 24%. Not too bad but still kind of high.
After paydown/off it should be 1.1% which is excellent. Not sure how many points you will get but I'd say at least 20. Depends on your entire profile.
Do you have more CC you didn't list?
08-18-2013 06:41 PM
I have these
Capital one $777.00 out of $2000 Utilization before payment was ?? but now 4.07% only card with a balance of 81.00 now
US AIR $1507.00 out of $4800 Utilization before payment was 30.25% now zero
Paypal $953.00 out of $2700 Utilization before payment was 35.30% now Zero
credit one $213.00 out of $550 Utilization before payment was 31.27 % now zero
JC Penny $8.48 out of $900 Utilization before payment was .089% now zero
So I paid more than I thought. this is a clear snap shot of what it was this past month and what it will be when it reports next week.
08-18-2013 06:54 PM
08-18-2013 07:38 PM
So do you think I can manage a 40 point bump from doing this ?
08-18-2013 07:43 PM
08-18-2013 07:47 PM
Only negatives are 2 inquiries back in 2012. No collections or anything like that. 128 payments of pure on time with credit cards. Only other thing there is an installment loan older than 1 year but paid on time like clock work. It is from a finance company and wish I had got it from the bank instead. I read here where lenders do not like to see a finance company on your report. I am trying to gather data wheather I should pay it off or leave it and pay it perfect on time for the installment history.
08-18-2013 08:06 PM
You may get a few points for paying it off. Even paid off it will still be a negative for being a Consumer Finance Loan. If you only have one it shouldn't be too bad. It is when you have many more that starts to be an issue.
Those type of companies are looked at badly due to the fact that they are considered to be for consumers that can't get anything else.
Do you have any other installment loans?