cancel
Showing results for 
Search instead for 
Did you mean: 

UTIL and Collection

Established Contributor

UTIL and Collection

FP changed the CO balance due to ZERO which cuts my UTIL by 48%

 

Can anyone else who has had that much come off their UTIL give me

 

an Idea of about how many points you got for that?

 

I also had a collection from 5/2011 come off can anyone who has had a collection

 

that recent come off let me know what kind of points you got?

 

Thanks Smiley Happy


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Message 1 of 3
2 REPLIES
Super Contributor

Re: UTIL and Collection

 

It's really impossible to predict, although it should have a positive effect, you might gain 5 points or 50.    If the CO balance was also included as part of your overall CL then it may not be much of a big boost.    Removing the collection will be positive, but it really depends on what other negatives are showing on your report as to how much it will help.  

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 3
Established Contributor

Re: UTIL and Collection

I did get a 9 Point boost from a 10/2007 collection coming off Smiley Happy

 

I also got 2 Points from somthing else can't pinpoint that one

 

though, but I am a happy girl with my 11 points just waiting to

 

see how the rest plays out


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Message 3 of 3