Utilization decrease question

Zz_JC_zZ · ‎08-19-2013

Hey all, I was just wondering if anyone could give me a general estimate of what to expect for my situation. Scores in sig are current, about 1 year AAoA. 1 bad only showing on my TU. after traveling my util was at 71%, it is now down to 12-14%, so I was just curious about how much that could affect my score. I know is is not a question that has an exact answer, just thought someone may have some input based on their own experience.

Starting Score (July 2013) Exp 665 Equ 658 TU 660
Current Score (Feb 2015) Exp: ??? Equ: 765 TU: 776

Amex BCE ($12,000) Discover It ($7,400) Cap1 Cash Rewards ($2,250) Cap1 Platinum ($4,500) Express Next ($1,450)

Anonymous · ‎08-19-2013

@Zz_JC_zZ wrote:
Hey all, I was just wondering if anyone could give me a general estimate of what to expect for my situation. Scores in sig are current, about 1 year AAoA. 1 bad only showing on my TU. after traveling my util was at 71%, it is now down to 12-14%, so I was just curious about how much that could affect my score. I know is is not a question that has an exact answer, just thought someone may have some input based on their own experience.

Whats the baddie on TU? Assuming no baddies, I would guess yours would be in the 720's. Bring it to ideal util and you will be closer to 740's

Zz_JC_zZ · ‎08-19-2013

It was a collection from an apartment I had in 2007.

Starting Score (July 2013) Exp 665 Equ 658 TU 660
Current Score (Feb 2015) Exp: ??? Equ: 765 TU: 776

Amex BCE ($12,000) Discover It ($7,400) Cap1 Cash Rewards ($2,250) Cap1 Platinum ($4,500) Express Next ($1,450)

Anonymous · ‎08-19-2013

That's pretty old. Well buy a EQ FICO and let us know. I'm guess 710-720's (really thinking 720's) assuming I understand your credit profile correctly. To get more exact, would need to know how many cards with balances and how much on each card etc.

Anonymous · ‎08-19-2013

@Zz_JC_zZ wrote:
It was a collection from an apartment I had in 2007.

Btw, make sure to dispute that when it hits 7 years. And remember it is 7 years from when the debt occured. In the case of the apartment I would guess it would be 7 years from the time you first owed the rent/etc. vs. 7 years when they evicted etc.

takeshi74 · ‎08-20-2013

Utilization is a fairly significant factor. My credit was severely limited by high utilization earlier this year.