Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013
Re: Paying down CC balances.....how much does it help?

it can be turned around once the new balances are updated with the CRAs.

 

if you have 5 CCs that are almost maxed out, it will affect your scores by quite a bit, even if overall util is low.

Also, I would be worrying more about FR from the lenders more than about the score, if I have 5 maxed out cards

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).