topic Re: Will I See A Credit Score Increase? in Rebuilding Your Credit

Will I See A Credit Score Increase?

A1Credit — Fri, 12 Feb 2010 19:32:46 GMT

Currently my TU score is 610 but I have recently paid off 4 revolving accounts that had over 90% utilization. They are suppose to report my balance at the end of this month and I was wondering what type of increase would I see? Also a SL company had inaccurately reported my account 60 days late in Sept '08 and have since remove the derogs. How long before the change is reflected on my credit reports?

Re: Will I See A Credit Score Increase?

Kimberly68 — Fri, 12 Feb 2010 19:40:15 GMT

you should see an increase how much no one lnows. I did the simulator and said my husband will not see and increase, but I pulled the Tu fico from here after paying his cc in full and his score increased 25 points. We are closing at the end of April beginning of May, but want to have the highest score as possible.

Re: Will I See A Credit Score Increase?

Anonymous — Fri, 12 Feb 2010 19:40:49 GMT

I can't guestimate what the incease will be. Paying down to %10 or less would have had an impact.

If the lates were your only negatives on your CR, overall, you may see a nice bump in score.

It is just too hard to predict.

Re: Will I See A Credit Score Increase?

A1Credit — Fri, 12 Feb 2010 19:47:36 GMT

Thanks for your replies guys! I paid off one credit card before I paid off the other four and received a 7 pts increase in my score. I'm hoping for an additional 30-40 pts. I am looking to apply for a mortage next month.