credit utilization scoring

[Anonymous]

In terms of my revolving accounts, I have a credit limit of $3500 total. $2500 for a store, and $1000 personal line of credit from my bank. 

I had $1159 in use at the store, and $400 in use with the bank. I have paid off all but $100 at the store, and paid off the $400 with bank completely. 

When I was recently at $1559 of $3500 used, or 44%, my TU (my lowest score) was 559. My CR recently updated showing the $100 remaining at the store, but the $400 with the bank still has not hit yet. I recieved a score boost to 563 (4pts) by dropping to 14%. 

My question is, will I get a bigger boost going from 44% to 14% or 14% to 4%? Another 4 point boost doesn't seem like that much for paying off esentially all debt. 

[Anonymous]

Nothing else changed on your report except the one account being paid down significantly?

I recommend you bring 2 of your 3 accounts to a 0 balance....you will get a score boost from having only 1 account report a balance. You should get a boost going from 14 to 4 percent util as well. I would expect more than 4 points. I suspect something else on your report changed to negatively impact the gains you would have expected from going from 44 to 14 util.

[Anonymous]

No, nothing else changed negatively. If by negatively you mean a late payment or something. The only other thing that happened was a collection was reported as paid. In fact, on my TU report, I had the following situation happen last month:

I was at $1159/$2500 at store used, and $300/$1000 at bank used. I got a GW removal of a late on an account (the only late on that account), and used another $100 at the bank. So a late removal and $300 went to $400, and i saw a point drop. 

Other than that, I've been watching it closely. Only thing was the CA, and the 44% to 14%, and it was only 4pts. 

Thanks for the info. 

[Anonymous]

Kepler check and see if the paid collection changed the date next to the account.....if they updated the date to reflect now that could be what hurt your score increase.