> 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!
Current Score:May 2013: EQ - 749, TU08 - 753, EX - 741 (Amex 4/13)
Goal Score: 760 on each by 12/31/13, Last app - 4/1/13
Take the 2013 FICO Fitness Challenge