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So hypothetically

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Anonymous
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So hypothetically

If I pay down the balances on our CCs and only keep a few dollars on each one for a few months, how much do you think this would help my score (currently 588; it was 618 but mysterious 30 pt drop this month which was helpfully addressed in another message). 
 
Are we talking significant or one or two points?
Message 1 of 4
3 REPLIES 3
Anonymous
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Re: So hypothetically

Would need to know what you current UTL reported on your credit report is?

Total revolving debt?
How many cards with debt?
Total credit limits combined?
Message 2 of 4
Anonymous
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Re: So hypothetically

I've never figured it out.  I have two cards, both $500 that are more than 50%. 
Message 3 of 4
Anonymous
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Re: So hypothetically

A pay off over 50% will give you a drastic score improvement.
Message 4 of 4
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