topic Re: +11 points on CreditKarma from utilization drop! in Rebuilding Your Credit

+11 points on CreditKarma from utilization drop!

Anonymous — Wed, 26 Dec 2012 18:58:30 GMT

This is actually for my wife's account. Seems like a pretty big jump from dropping utilization from 28% to 23% but that's the only change, so it must be it, 668 to 679. I know it's a FAKO score but still nice to see.

Can't wait to see mine later this week as I went from 42% to 0% this month, should update by end of the week.

Re: +11 points on CreditKarma from utilization drop!

HiLine — Wed, 26 Dec 2012 23:17:00 GMT

@Anonymous wrote:
This is actually for my wife's account. Seems like a pretty big jump from dropping utilization from 28% to 23% but that's the only change, so it must be it, 668 to 679. I know it's a FAKO score but still nice to see.

Can't wait to see mine later this week as I went from 42% to 0% this month, should update by end of the week.

Expect a huge jump. My Tranksrisk increased by 31 points and my Vantage surged by 121 points because of one single balance decrease.

Re: +11 points on CreditKarma from utilization drop!

Epcot — Thu, 27 Dec 2012 04:17:27 GMT

Util sure is a big part of your score. Congrats to her! You should see a nice jump on yours, I brought mine down from 80% to about 28% and my score jumped 60 points.

Re: +11 points on CreditKarma from utilization drop!

racer-x — Thu, 27 Dec 2012 11:13:18 GMT

Sweet! This is killing me, waiting that is. I dropped my utilization from 50% to 3-4% this month but it's yet to be updated. Should update in a week.

I paid $7500 to a Cap One/Suzuki finance account that has a $15K CL.

I was expecting a modest 20pt. jump, but now I'm expecting 40-50!!!

Re: +11 points on CreditKarma from utilization drop!

fid3lcashflow22 — Wed, 02 Jan 2013 15:45:34 GMT

Good info to know. I just dropped my util to 0 so hopefully my score goes up.

Re: +11 points on CreditKarma from utilization drop!

Shogun — Wed, 02 Jan 2013 17:32:02 GMT

Actually, at 0, you could see a drop. I know it doesn't sound good, but the scores like to see a little useage, under 9%. Unless I'm looking for new credit, I couldn't care less about it. I'd rather have a few points drop then pay interest.

Re: +11 points on CreditKarma from utilization drop!

Kartel34 — Thu, 03 Jan 2013 04:57:10 GMT

Wow great job! Next month I'm hoping to bring mine down from 90% to below 10%.