topic Re: Could i expect a decent increase ?. in Understanding FICO® Scoring

Could i expect a decent increase ?.

amckee — Fri, 05 Feb 2021 02:06:09 GMT

Currently at 49% of 5450$cl

if i was to drop it below 9%

of a estimate how many points could i exspect ?

mainly hoping to boost fico 5 and mortgage scores

Re: Could i expect a decent increase ?.

Anonymous — Fri, 05 Feb 2021 03:39:30 GMT

And what would be the highest individually utilized card upon going under 9.5% aggregate? And how many cards would have a balance?

Re: Could i expect a decent increase ?.

Anonymous — Fri, 05 Feb 2021 03:42:30 GMT

Because right now you have five of six accounts with a balance and you have an individual card maxed out on top of the aggregate utilization.

So if you were to go down to one account with a balance and both individual and aggregate utilization were under 9.5%, I would anticipate a nice increase.

Re: Could i expect a decent increase ?.

Anonymous — Fri, 05 Feb 2021 04:42:09 GMT

While it isn't related to your utilization question, keep in mind anything other than 100% payment history (meaning even a single late payment) can easily harm your scores as much or more than the utilization issue you are looking into. It may be worth focusing some of your effort on cleaning any dirty items from your CR.

Re: Could i expect a decent increase ?.

Anonymous — Fri, 05 Feb 2021 08:36:14 GMT

@amckee wrote:
Currently at 49% of 5450$cl

if i was to drop it below 9%

of a estimate how many points could i exspect ?

mainly hoping to boost fico 5 and mortgage scores

Also, how old are your newest accounts?

I see 21 inquires and mortgage scores do not like new accounts.

If your newest accounts are nearing a year old, that would be good and stay away from apps for more credit in the meantime if you are wanting to get a mortgage.

How old is the most recent late?