topic Re: credit score in Credit Cards

credit score

umut — Tue, 07 Aug 2012 18:39:02 GMT

i have six credit card with 95 percent balance but this morning i made payment each one full so i have no balance 00000 right now i got 620 credit score what do u guys thinking after credit reports update how much credit score will affect my score like what is gonna be my credit score i m thinking should be 720 at list

credit cards boa 2000

3 cap one 750 limit

and two ex hsbc with 720 and 300 limit now i got 0 balance each card it was 95 percent balance last reports so i think it will be big score change

Re: credit score

annielorie — Tue, 07 Aug 2012 18:42:51 GMT

yOu should get a very nice jump as utility is 30 persent of your score. When I was on fico scorewatch it said pay down card to zero and I had a 40 point jump but that was my only card at the time. According to the others if you let all cards except one report 0 balance and one card 9% utility or less report that will optimize your score.

Re: credit score

umut — Tue, 07 Aug 2012 18:46:06 GMT

so should i leave one card with 25 dollar balance is that better

Re: credit score

annielorie — Tue, 07 Aug 2012 19:15:06 GMT

If that is 9% or less utility then yes

Re: credit score

Anonymous — Tue, 07 Aug 2012 19:31:30 GMT

That will probably get bumped into the 640-650 range after they report.