Established Contributor
EaglesFan2006
Posts: 544
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?
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Moderator
Shogun
Posts: 12,890
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+

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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!