topic Re: Credit Utilization help in Understanding FICO® Scoring

Credit Utilization help

Anonymous — Thu, 14 May 2015 00:01:01 GMT

Hey guys, my current median score is 614, that is with a 52% utilization. My question is if I pay it down to 30% will that bump me to 620 or higher? I ask because i'm trying to buy a home and VA requires a 620 to qualify. Nothing on the report should change other than this. Thanks a bunch!

Re: Credit Utilization help

gdale6 — Thu, 14 May 2015 00:30:36 GMT

@Anonymous wrote:
Hey guys, my current median score is 614, that is with a 52% utilization. My question is if I pay it down to 30% will that bump me to 620 or higher? I ask because i'm trying to buy a home and VA requires a 620 to qualify. Nothing on the report should change other than this. Thanks a bunch!

Its possible you will get the points that you need. Welcome to My Fico

Re: Credit Utilization help

Anonymous — Thu, 14 May 2015 21:16:30 GMT

Thanks after much research i expect to get 30-40 point jump

Re: Credit Utilization help

MarineVietVet — Thu, 14 May 2015 21:23:02 GMT

@Anonymous wrote:
Thanks after much research i expect to get 30-40 point jump

Hi there.

Only time will tell. Please let us know what happens.