Score Watch--32 point jump!!!!!

669 · ‎09-04-2011

I received a Score Watch alert today and thought it may be a few points jump in my EQ score since I have been paying down my revolving accounts..To my surprise my score jump 32 points because of my util. dropped a few points but more importantly I had 2 collections that fell off my EQ report.

With more pay down on my revolving balances maybe I can hit the 750 club soon!!!!

I did not think that there would be such a jump after 7 years.

Thanks to all for your help on these forums in the last 3 years that I have been here.

EQ 7/19/13 796
TU 04/29/13 784
EX 06/17/13 849
28 years credit history
17 years AAoA

CIT $15,900 BEST BUY $11,800 DISCOVER $10,000 LOWES $10,000 SEARS/MC $7,200 BELKS $5,700 JC PENNY $2,400 CHASE $5,900 AMX GOLD PR $NPSL AMX/BCP $11,200 SHELL/CITI/MC $80.00 (LMAO)

Prettylady1 · ‎09-04-2011

Congrats!!! I'm in the process of paying my cards down. My utilization is killing me! Hoping to be in the 700 club by next spring!!!

Starting Score: TU 640, EQ 636, EX 645
Current Score: TU 665, EQ 706, EX ?
Goal Score: All above 700

Take the FICO Fitness Challenge

Mekitcat · ‎09-04-2011

Congratulaions!! Thats a good jump

snowangel · ‎09-04-2011

Congrats. Just curious as to what your score was before the jump, and if those collections were the only 2 you had.

EQ: 662 | TU: 682 | EX Plus: 764
SL baddies fall off between Jan '13 - Oct '14

669 · ‎09-04-2011

snowangel, yes those were the only 2 collections I had (both medical from 12/04). My score as of yester day was 699.

I still can't believe a 32 point jump after 7 years considering that these things are suppose to drop off slowly over the 7 years......

EQ 7/19/13 796
TU 04/29/13 784
EX 06/17/13 849
28 years credit history
17 years AAoA

CIT $15,900 BEST BUY $11,800 DISCOVER $10,000 LOWES $10,000 SEARS/MC $7,200 BELKS $5,700 JC PENNY $2,400 CHASE $5,900 AMX GOLD PR $NPSL AMX/BCP $11,200 SHELL/CITI/MC $80.00 (LMAO)

UFGuy2006 · ‎09-05-2011

@669 wrote:
I received a Score Watch alert today and thought it may be a few points jump in my EQ score since I have been paying down my revolving accounts..To my surprise my score jump 32 points because of my util. dropped a few points but more importantly I had 2 collections that fell off my EQ report.

With more pay down on my revolving balances maybe I can hit the 750 club soon!!!!

I did not think that there would be such a jump after 7 years.

Thanks to all for your help on these forums in the last 3 years that I have been here.

Great job and keep it up!

Anonymous · ‎09-05-2011

WOW - I am impressed!! You should be very happy!! 32 pts - incredible! I am waiting to see if I will jump into the 700 club this month as I paid off 2 cc and paid down two others to below half last month! Fingers crossed!!!!

flyingmd · ‎09-05-2011

My scores used to average high 600's. No negatives, just didn't realize how much utilization affects scores. Based on info from this forum, I paid everything down to less than 10% and scores jumped over 30 pts to mid 730's. Since that time I always pif. Sp the score jump is not surprising. Congrats

Anonymous · ‎09-05-2011

So, I know that paying off cc's helps and I heard if you cc's below half of the avail. balance, that should help too - am I wrong? I wish I would have asked before I paid two down below half - I would have focused on one to get it even lower!

flyingmd · ‎09-05-2011

Best scores are with utilization between 1 and 9%. this will generate a higher score than a 0 balance.