Woo Hoo! Major payoff of revolving...Point increase?

[Glenn_S]

I was just able to pay off about 20k in revolving debt in a single hit!  Has anyone been able to do this, and what increase can I expect from this? I am currently at MyFICO of 716...The only baddie's I have are 2 paid tax liens that were paid in 2008 and 2010 respectively, so the impact of those is rapidly diminishing. I'm keeping a small balance on one card to maximize scoring...Now to wait until the cc companies update...

	Limit	Old Balance	New Balance	Old Utilization	New Utilization
Line of Credit	$    3,000.00	$   1,418.81	$             -	47.29%	0.00%
CC1	$    3,000.00	$    2,678.20	$             -	89.27%	0.00%
CC2	$    5,000.00	$    3,117.44	$             -	62.35%	0.00%
CC3	$    2,000.00	$    1,241.34	$             -	62.07%	0.00%
CC4	$       500.00	$        73.28	$             -	14.66%	0.00%
CC5	$       500.00	$        38.96	$       35.00	7.79%	7.00%
CC6	$    6,500.00	$    3,518.89	$             -	54.14%	0.00%
CC7	$14,900.00	$    7,949.14	$             -	53.35%	0.00%

[blondy250]

Congrats, not sure but I'm thinking big (50+). I know it must feel great, when i paid off all my credit card debt it felt like a great weight lifted off me.

[llecs]

I'd guess 60-80 on your EQ FICO, and less on EX and TU. ETA...provided util is the #1 neg. ETA#2...and provided none are closed CCs.

Congrats on the debt paydown.

[elaine829]

Congrats on the credit card pay down. You probably get a 60 point increase!! Keep us updated on the increase.

[GFer]

My guess is 30-40 points...hope it's more for you! Awesome paydown!!!! Good for you!

[Involver]

Should see a pretty significant bump!