topic Re: My scores went up almost 100 points in 3 weeks! in General Credit Topics

My scores went up almost 100 points in 3 weeks!

Anonymous — Sat, 27 Dec 2008 19:00:05 GMT

Just by paying 3 credit cards off, and opening up some new accounts to help my UTL ive gone from 550's to 630-650's!!!

Amazing how much UTL bumps your score

Re: My scores went up almost 100 points in 3 weeks!

Anonymous — Sat, 27 Dec 2008 19:47:03 GMT

@Anonymous wrote:
Just by paying 3 credit cards off, and opening up some new accounts to help my UTL ive gone from 550's to 630-650's!!!

Amazing how much UTL bumps your score

That sounds amazing ... Congratulations...

The three credit cards you had do you have two of them reporting as a 0 balance and one reporting 9% of the CL on the card? Or did you pay them all off in full. What accounts did you open by the way to help your UTL score...

Again Congrats!!

Strong

Re: My scores went up almost 100 points in 3 weeks!

Anonymous — Sat, 27 Dec 2008 20:35:33 GMT

I paid the three off in full, but not I have a 57 dollar balance showing on one of them. The others are closed. I opened a kays jewelers card with a 3000 CL to bring my UTL down, and I also got a CFNA Firestone 1000 CL and a best buy 1000 CL. My scores are finally all mid 6's and once I can get my total UTL down below ten im hoping for closer to 700. Right now I am at 32 % UTL because of a bank of america card that is 741 dollars over the limit!! OOPS

Re: My scores went up almost 100 points in 3 weeks!

Anonymous — Sun, 28 Dec 2008 02:54:06 GMT

Nice going!

Re: My scores went up almost 100 points in 3 weeks!

Anonymous — Mon, 29 Dec 2008 09:51:55 GMT

Congratulation. I wish I could do that. My scores are also in 550 -575 range. I had just applied for equity loan and got denied. So I signed up to this web to do something about my scores. I have been late on my credit cards to many times and recently, so I do not know if doing what you did will help me with the score that much. I guess I have to be paying on time for a while before they will raise my scores.

Re: My scores went up almost 100 points in 3 weeks!

haulingthescoreup — Fri, 06 Feb 2009 23:13:44 GMT

Hi, lana, welcome to the forums!

If you haven't already, please read Understanding Your FICO ® Score and Credit Scoring 101 (at least the first post.)

These will give you the background knowledge you need to understand what you read here on the forums.

Message Edited by haulingthescoreup on 02-06-2009 03:13 PM

Re: My scores went up almost 100 points in 3 weeks!

Anonymous — Wed, 31 Dec 2008 21:55:14 GMT

Wow....that's great! Congrats! Help me though? I was under the impression, perhaps falsely, that opening new CC's can ding your score. I've been thinking of doing this (scores are fine) b/c it seems that Chase is just closing people's acct's for no reason (or none that they want to explain anyway). Three of my 4 CC's are with them. They just closed one without notice but re-opened it after I spoke to CS. I'm afraid it'll happen again and affect my ratio and thought it may be a good idea to open a few new one's in case it does happen again. Is it true that applying for new cards is bad?

Re: My scores went up almost 100 points in 3 weeks!

haulingthescoreup — Thu, 01 Jan 2009 04:10:33 GMT

Applying for new cards isn't automatically bad --some people's scores go up immediately --but most take a temporary hit, to some degree. Please read the two links in the post above yours to understand how this works.