New Visitor
Posts: 597
Registered: ‎01-31-2008
High balances and low scores
I have high util on my credit cards, so my scores are lower right now. When I pay them down, could I still be hurt by having had high util in the past? Or will the zero balances simply reflect in my score?
Chase Freedom: $1500, Citi Diamond Preferred: $3000, Barclays: $3900, Chase Disney Visa: $1500, Chase Southwest Signature: $5000, Citi TY Preferred: $3000, Cap One Platinum: $1750, Cap One Platinum Rewards: $2500, Orchard Bank: $900, Kay Store Card: $6600, PayPal $2200
Posts: 14,051
Registered: ‎04-15-2011
Re: High balances and low scores

When the util is paid down your score will go up.  It doesn't count the past balances.

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!