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Frequent Contributor
thotgal320
Posts: 295
Registered: ‎08-14-2007

Will it help any?

Well my goal this year with my refund was to bring my balances down on all (10) CC like the forum would suggest.  I was on my way to work and wonder if I had money on a credit card that I recieve child support payments on and to my suprise my ex-husband deposited $12,000 into the account (sure he was forced to) but with that money I paid off all my daughters CC and med bills she had.  My question is I paid off all but 2 of mine, but put a good amount on them will that help a lot? A little? Not at all? 
Senior Contributor
Sylviatob
Posts: 4,596
Registered: ‎09-14-2007

Re: Will it help any?

OMG! Merry Christmas thotgal! LOL :smileyhappy:

Yes, yes yes! The more you put toward reducing your cc debt the quicker you will see a score jump.

I went from 521 on TU in Feb. 2007, to 681 by July, 2007 for doing just that!

Good luck to you! :smileyhappy:
"Never ever, ever be late. Never" (FUTR)
Frequent Contributor
thotgal320
Posts: 295
Registered: ‎08-14-2007

Re: Will it help any?

I would do almost anything to be at 681 at least now I know there is hope.  Thanks sylviatob
Moderator Emeritus
masdeocho
Posts: 2,050
Registered: ‎04-17-2007

Re: Will it help any?

Wow, that is great!  It must feel wonderful to pay down so much debt.
 
What is the credit limit on each card, and what is the balance?  (In FICO-speak, what's your util?)
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Frequent Contributor
thotgal320
Posts: 295
Registered: ‎08-14-2007

Re: Will it help any?

It does I think I am on my way.  Balances range from $500 to $1500 and the 2 left were $1300 now $800 and$1500 now $900. 
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: Will it help any?



thotgal320 wrote:
It does I think I am on my way. Balances range from $500 to $1500 and the 2 left were $1300 now $800 and$1500 now $900.



So you PIF'd everything but the last two, which now have $800 and $900 balances? Having only 2 of 5 cards reporting balances is bound to help your scores!

What are the credit limits on those last two cards?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Frequent Contributor
thotgal320
Posts: 295
Registered: ‎08-14-2007

Re: Will it help any?

$1300 and $1500.  How long will it take before I will see in increase?  I also have a few things that should be fallen off within the next couple of months starting in April im hoping that will help as well.  I sent out a DV letter and haven't heard anything it's been 3 weeks  soon time for me to demand deletion hoping that will be something else in my favor.  Trying to folloew as much advice as I get from the forums thanks guy's.

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