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Valued Member
Nella
Posts: 39
Registered: ‎03-12-2012
0

Just paid down UTI, anxiously awaiting

Just paid my cc and going from UTI of 95% to 43%.  I have to wait until next week to see what, if any, increase will be in

my scores.  Very nervous, hoping for a high boost.  I really need to have a midscore of 640 by middle of next month!

Starting Score: 550's
Score: Equifax 626 TU 613 Experian 671
Lender pull 01/22/2013 Eq 641 TU 636 Exp 670
Goal Score: 720
Closed Escrow on 03/05/2013!!!
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Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Just paid down UTI, anxiously awaiting

Congrats on paying down your util.  95% is considered Max on your CCs.   The decrease should give you a score bump, as well as it's always good to pay down debt.  Just a suggestion, 9% or lower will give you the optimum as far as Util goes.  Good Luck and happy house shopping.


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+

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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!
Valued Member
Nella
Posts: 39
Registered: ‎03-12-2012
0

Re: Just paid down UTI, anxiously awaiting

Thanks!  I am going to pay the rest of my CC's down at the beginning of Oct.  So by the middle of the month should have

9% UTI or less! 

Starting Score: 550's
Score: Equifax 626 TU 613 Experian 671
Lender pull 01/22/2013 Eq 641 TU 636 Exp 670
Goal Score: 720
Closed Escrow on 03/05/2013!!!
Take the FICO Fitness Challenge
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Just paid down UTI, anxiously awaiting

Now you're talking!


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!
Established Member
Isanham
Posts: 17
Registered: ‎08-25-2012
0

Re: Just paid down UTI, anxiously awaiting

My Equifax just went from 615 to 668 with UTIL down from 95% to 11% and no other significant changes.  You should get a good bump.  They really penalize for max out UTIL.


Starting Score: 608 (7/29/12 TU), 615 (7/29/12 EQ), EX ???
Current Score: 690 (12/29/12 TU), 650 (12/16/12 EQ)
Goal Score: 700+ by 7/2014


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Valued Member
Nella
Posts: 39
Registered: ‎03-12-2012
0

Re: Just paid down UTI, anxiously awaiting

Well I only received a 13 point increase.  I am up to 605 for my equifax score and I am at 43% UTI.  Hopefully it will be

better next month once I pay down the rest.  I really need to have a mid-score of 640.

Starting Score: 550's
Score: Equifax 626 TU 613 Experian 671
Lender pull 01/22/2013 Eq 641 TU 636 Exp 670
Goal Score: 720
Closed Escrow on 03/05/2013!!!
Take the FICO Fitness Challenge
Moderator
Revelate
Posts: 9,645
Registered: ‎12-30-2011
0

Re: Just paid down UTI, anxiously awaiting


Nella wrote:

Well I only received a 13 point increase.  I am up to 605 for my equifax score and I am at 43% UTI.  Hopefully it will be

better next month once I pay down the rest.  I really need to have a mid-score of 640.


You should get another boost paying it down further.  How far out is your mortgage?  

 

FICO can start moving fairly quickly depending on your report: in my case I didnt have much of anything positive and some random sins of my youth still on the report when I started this building plan back in December '11;  was expecting 640 by the end of 2012 and instead hit it back in July much to my surprise and ironic regret... really needed to sort out my old tax lien months ago and I could've gotten clean for a mortgage this year instead of next year.  Oh well live and learn :smileyhappy:

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Valued Member
Nella
Posts: 39
Registered: ‎03-12-2012
0

Re: Just paid down UTI, anxiously awaiting

I was really trying to apply for a mortgage by October 15th.  My other credit card with a balance of zero should report by

October 12th.  We have until Dec. 31st to be out of our current residence and I feel like I am really cutting it close!  Hopefully

everything will work out.  I really need that mid-score of 640.

Starting Score: 550's
Score: Equifax 626 TU 613 Experian 671
Lender pull 01/22/2013 Eq 641 TU 636 Exp 670
Goal Score: 720
Closed Escrow on 03/05/2013!!!
Take the FICO Fitness Challenge

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