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New Member
Posts: 4
Registered: ‎01-05-2013
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improving Credit score

I recently paid down 3 cc from 70% to under 30% and one from 80% to40% would i see an improvement in my Credit score?
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Registered: ‎04-15-2011
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Re: improving Credit score

Depends on what else is on your CR, but you could see a bump due to the decrease in util.



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New Member
Posts: 4
Registered: ‎01-05-2013
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Re: improving Credit score

Thanks will let you know my Fico is 706now
New Member
Posts: 4
Registered: ‎01-05-2013
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Re: improving Credit score

Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.
Frequent Contributor
Posts: 463
Registered: ‎11-28-2012
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Re: improving Credit score


liodane23 wrote:
Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.

Maybe a stupid question but isn't this too old to still be reporting? 

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Moderator Emeritus
Posts: 10,907
Registered: ‎12-30-2011
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Re: improving Credit score


QAMngrGirl wrote:

liodane23 wrote:
Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.

Maybe a stupid question but isn't this too old to still be reporting? 


Depends on the negative, tax liens or renewed judgements for example but yes most are there for 7-7.5 years give or take.  If the negative is one of those which is supposed to come off after the usual period, disputing as obsolete is recommended.  

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
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New Member
Posts: 4
Registered: ‎01-05-2013
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Re: improving Credit score

Finally paid down all cc's to about 28% from70/80% utl how long before i will see an improvement in my score?
Frequent Contributor
Posts: 471
Registered: ‎03-29-2011
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Re: improving Credit score

[ Edited ]

You should see an improvement when the CC's report the new balances to the CRA's. This will usually take place a few days to a week after the statement is cut.

 

Regarding the negative from 2003, when did you close that account? If it was a CC it should disappear ten years after closing.

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