topic Re: Small point incress in General Credit Topics

Small point incress

Anonymous — Sat, 03 Nov 2007 05:57:49 GMT

I paid off all 3 of my cc's which were all maxed out. When the first one reported I got a 26 point incress. One hasnt shown up yet cause I just paid it today. The other only gave me a 4 point incress. Does this sound right? Is there a chance it could go up more soon? Im disapointed......

Re: Small point incress

Anonymous — Sat, 03 Nov 2007 06:08:36 GMT

bump....

Really good question

Re: Small point incress

Anonymous — Sat, 03 Nov 2007 06:12:33 GMT

To add

The only diffrence in the 2 cards was a max cl of about 300 dollars.

As stated both were maxed out.

Re: Small point incress

Anonymous — Sat, 03 Nov 2007 20:41:53 GMT

Anyone?????? Concerned here

Re: Small point incress

MidnightVoice — Sat, 03 Nov 2007 20:43:56 GMT

What did each payment do to your util %?

Re: Small point incress

Anonymous — Sat, 03 Nov 2007 21:25:24 GMT

1-3% utiilazion on all cards. Why would it show a 26 point on my wamu but creditone showed 4 point.

Re: Small point incress

haulingthescoreup — Sat, 03 Nov 2007 22:52:24 GMT

If the WaMu payment posted first, it might have dropped you down from a really high util to something more midline. For instance, maybe it took you from 51%; to 19% (completely making up numbers here.) Then when the second posted, it didn't represent such a dramatic drop, or you didn't go below the next tier of util. Maybe from 19% to where you are now. Do you remember what your util was at each stage, and how much it changed between payments?

I'm sort of grasping here, I'm afraid.

Re: Small point incress

Anonymous — Sun, 04 Nov 2007 01:06:13 GMT

Well if memory serves me cap one was 90% just paid down 90% thursday wanu was 95% paid off 26 point gain credit one 99% paid off 4 point gain I had a bad year sick missed 3 months of work, had to live off the cards

Re: Small point incress

haulingthescoreup — Sun, 04 Nov 2007 01:09:42 GMT

If you just paid your Cap1 down/ off on Thursday, has it actually reported to the credit bureaus yet? Scores can't change until the reports change. (still grasping here!)

Your individual cards were 90 - 95%; do you know what your overall util was? FICO looks at both...

Re: Small point incress

Anonymous — Sun, 04 Nov 2007 01:14:17 GMT

CAPONE hasnt reported yet. My online account now shows a ballance of 50 dollars on it. Every card was maxed out bad. id say average was 95% utilazation. So the WAMU came threu first the creditone bank with a low point.

Re: Small point incress

haulingthescoreup — Sun, 04 Nov 2007 01:16:45 GMT

A-ha! No score change yet, because the CRA's don't know your new balance yet, and therefore neither does FICO. FICO has no idea what your bank balance shows, or even your on-line Cap 1 balance. The news has to spread before your scores will change.

Good luck!

Re: Small point incress

Anonymous — Sun, 04 Nov 2007 01:25:28 GMT

ok hold on when I use my score watch. the alert let me know something has changed. It does show my wamu and my creditone card payed down. Just nothing on the cap one since I just paid it..

Re: Small point incress

haulingthescoreup — Sun, 04 Nov 2007 01:31:53 GMT

Save your $$$ and don't pay for any scores until you're sure that the Cap One has posted. If Score Watch is cooperating, you should get an alert. Make sure that you reset your alert numbers after the last increase. I've got my fingers crossed for you!