Frequent Contributor
Posts: 456
Registered: ‎10-08-2011
Re: Paying down CC much does it help?

Hi, new member.


For what it's worth, I paid down a Barclay's card from 90% util to <20% util, then called customer service to have them do an out-of-cycle update to my credit reports.


When I checked my scores two days layer, I found that my TransUnion FAKO had jumped 30 points.


I paid down two CapitalOne cards to 33% (down from 99%) and 9% (from 100%) util respectively soon after. I'm still waiting for CapitalOne to update my reports, but from what various score simulations have told me, I should see an even more dramatic jump.


But of course, YMMV.