topic Re: UTIL and Collection in Understanding FICO® Scoring

UTIL and Collection

hoping2rebuild — Sun, 27 Nov 2011 00:25:40 GMT

FP changed the CO balance due to ZERO which cuts my UTIL by 48%

Can anyone else who has had that much come off their UTIL give me

an Idea of about how many points you got for that?

I also had a collection from 5/2011 come off can anyone who has had a collection

that recent come off let me know what kind of points you got?

Thanks

Re: UTIL and Collection

pizzadude — Sun, 04 Dec 2011 16:59:25 GMT

It's really impossible to predict, although it should have a positive effect, you might gain 5 points or 50. If the CO balance was also included as part of your overall CL then it may not be much of a big boost. Removing the collection will be positive, but it really depends on what other negatives are showing on your report as to how much it will help.

Re: UTIL and Collection

hoping2rebuild — Mon, 05 Dec 2011 13:51:52 GMT

I did get a 9 Point boost from a 10/2007 collection coming off

I also got 2 Points from somthing else can't pinpoint that one

though, but I am a happy girl with my 11 points just waiting to

see how the rest plays out