Score jump: lower utilizatio
09-30-2012 12:12 PM
So I'm expecting a pretty decent bonus in November, in which most will be used to pay off/down debt. Currently my debt-to-income ratio is about 71%. I'm looking to get it around 35% after paying off some loans and CCs. Haven't been late on ANY payments in over 5 years. What kind of score increase do you think I can expect? Not looking to buy anything...yet, but I am trying to qualify for a better int. rate on my car, currently 7%. Thanks.