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Score shot up to 759!

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Josh2942
Established Contributor
‎10-04-2014 11:34 AM
‎10-04-2014 11:34 AM

Score shot up to 759!

Paid off 4500 in credit card debt all of which was at 0% now my UTI is less than 1% my Barclay score was a 731 in June went down to 725 when I added 1500 in debt. Now I cleared it all away and it shot up to 759!
Jaguar F-Type R Loan 50K Balance
Goldman Sachs Signature Loan $29,000 TU 750 score pulled at time of loan.
Student Loan Debt $1,500
Credit Card Debt $300 1>% of $166,700
FAKO Transunion 723 Equifax 744
What's in my wallet? Chase Sapphire Reserve, Chase Freedom Unlimited, and AMEX Blue for Business
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taxi818
Super Contributor
‎10-05-2014 06:21 PM
‎10-05-2014 06:21 PM

Re: Score shot up to 759!

@Josh2942 wrote:
Paid off 4500 in credit card debt all of which was at 0% now my UTI is less than 1% my Barclay score was a 731 in June went down to 725 when I added 1500 in debt. Now I cleared it all away and it shot up to 759!

Congrats. Fico has no memory on utilization. When you get it down your score gos to where it should be. Not back to where it was. That's why. If you must use debt. No big deal unless you are applying for something. Then bring util down. Big bump. Congrats again. 

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