topic Re: Score Jump?? / Paid Down Utility in Understanding FICO® Scoring

Score Jump?? / Paid Down Utility

msheresy — Tue, 07 Apr 2009 19:16:09 GMT

I know its just a guess but I have just paid my utility from about 27% to 10%. What kind of score jump could I expect?

Re: Score Jump?? / Paid Down Utility

Anonymous — Tue, 07 Apr 2009 19:33:52 GMT

I'd say 10-15 points. If you got it to below 10%, you might see a couple more.

Re: Score Jump?? / Paid Down Utility

Anonymous — Tue, 07 Apr 2009 19:57:14 GMT

Overall Utility or Individual Card?

Re: Score Jump?? / Paid Down Utility

msheresy — Mon, 13 Apr 2009 18:54:11 GMT

Overall utility.

Re: Score Jump?? / Paid Down Utility

MizzB — Mon, 13 Apr 2009 19:01:46 GMT

tiffj...

I see that your EQ score jumped approx 80 points in two months. May I ask how?

Re: Score Jump?? / Paid Down Utility

Anonymous — Mon, 13 Apr 2009 21:17:02 GMT

@MizzB wrote:
tiffj...

I see that your EQ score jumped approx 80 points in two months. May I ask how?

I begin paying down each individual card.. I believe they " the FICO peeps" call it the snow ball effect. So far I got 3 down 60%... My overall utility was 101% and its now around 55%. I will have a TU Quarterly and a Score Watch hopefully by the end of the week. I hope it reflects as well as it does in my FAKO #'s... I know they are useless, but at least I can see them move.