Established Contributor
TNTransplant
Posts: 772
Registered: ‎01-03-2012
> 70% Util to < 10% Util - Impact on Score
[ Edited ]

Hi All,

 

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 !!! :smileyvery-happy:

 

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!  :smileyhappy:

 

 


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14