New Member
liodane23
Posts: 4
Registered: ‎01-05-2013
improving Credit score
I recently paid down 3 cc from 70% to under 30% and one from 80% to40% would i see an improvement in my Credit score?
Moderator
Shogun
Posts: 12,875
Registered: ‎04-15-2011
Re: improving Credit score

Depends on what else is on your CR, but you could see a bump due to the decrease in util.


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
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New Member
liodane23
Posts: 4
Registered: ‎01-05-2013
Re: improving Credit score
Thanks will let you know my Fico is 706now
New Member
liodane23
Posts: 4
Registered: ‎01-05-2013
Re: improving Credit score
Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.
Frequent Contributor
QAMngrGirl
Posts: 463
Registered: ‎11-28-2012
Re: improving Credit score

liodane23 wrote:
Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.

Maybe a stupid question but isn't this too old to still be reporting? 

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Moderator
Revelate
Posts: 8,161
Registered: ‎12-30-2011
Re: improving Credit score

QAMngrGirl wrote:

liodane23 wrote:
Can anyone add to this currently 3cc @ 27% and other @37% only one negative item from 2003 states closed 0 balance.

Maybe a stupid question but isn't this too old to still be reporting? 


Depends on the negative, tax liens or renewed judgements for example but yes most are there for 7-7.5 years give or take.  If the negative is one of those which is supposed to come off after the usual period, disputing as obsolete is recommended.  

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 703, TU 708, EX 702* (05/30/14, EX older)
Goal Score: 700 in all three (01/01/15)


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New Member
liodane23
Posts: 4
Registered: ‎01-05-2013
Re: improving Credit score
Finally paid down all cc's to about 28% from70/80% utl how long before i will see an improvement in my score?
Frequent Contributor
OhioCPA
Posts: 445
Registered: ‎03-29-2011
Re: improving Credit score
[ Edited ]

You should see an improvement when the CC's report the new balances to the CRA's. This will usually take place a few days to a week after the statement is cut.

 

Regarding the negative from 2003, when did you close that account? If it was a CC it should disappear ten years after closing.

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