> 70% Util to < 10% Util - Impact on Score[ Edited ]
10-24-2012 06:29 PM - edited 10-26-2012 06:43 AM
Just had to share, as I was so excited today when I got my EQ Fico score from M&T Bank.... score is now 749 !!!
When I started this journey in Jan, 2012 I had an overall revolving utilization of greater than 70%, and an EQ FICO score of 659. I had absolutely no negatives, so the score impact was all due to high utilization.
I have been obsessed with paying off revolving debt this year (around $20,000 so far), and with my new CSP reporting today my utilization has now dropped to 6% overall. Even with a balance reporting on 4 cards (all 0% now, by the way), that's a 90 point increase since the first of the year. I can't believe it!
Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:Dec 2013: EQ - 762, TU08 - 746, EX - 730