cancel
Showing results for 
Search instead for 
Did you mean: 

improving Credit score

New Member

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?
Message 1 of 8
7 REPLIES
Moderator Emeritus

Re: improving Credit score

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

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 8
New Member

Re: improving Credit score

Thanks will let you know my Fico is 706now
Message 3 of 8
New Member

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.
Message 4 of 8
Frequent Contributor

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+


Message 5 of 8
Highlighted
Moderator

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 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 6 of 8
New Member

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?
Message 7 of 8
Frequent Contributor

Re: improving Credit score

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.

________________________________________________________________________________
Message 8 of 8