Re: Real World Example of Util/TL/Ba
ddie v/s Score
09-02-2012 11:32 AM
Almost a 50pt gain in one month:
Aug 1: Util 80% EQ MyFICO 646
Sep 1: Util 20% EQ MyFICO 694
The only other changes - addition of some inquiries, one new account with a 300 limit, and a drop of about 800 in installment debt - still over 30,000, so I don't think that made much difference.
I paid multiple accounts off at the beginning of August., so there's been a huge drop in utilization and multiple accounts now have zero balances - where they will stay for the forseeable future.
Starting Score: 534 11/09
Current Score: FICO 652 05/11
Goal Score: 700+
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