just paid downCC

[joanie74]

Hey All,

I am celebrating because I just paid down my Discover CC.  Previously, I was at around 48% utilization now I'm at around 6%.  I've been paying on it little by little and seeing my score increase little by little.  Now that I put $2500 on it let's pray that my score will increase by leaps and bounds.

[MsLadyRover]

Nice! Congrats on your reduced utilization.

[LS2982]

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@joanie74 wrote:

Hey All,

I am celebrating because I just paid down my Discover CC.  Previously, I was at around 48% utilization now I'm at around 6%.  I've been paying on it little by little and seeing my score increase little by little.  Now that I put $2500 on it let's pray that my score will increase by leaps and bounds.

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CONGRATS!!!!

I just PIF mine and waiting for my statement to update, I'm itching to run it up again for that 5%!!!!

[Repo-ed]

They key now is, to not let it get back up.

[Anonymous]

Congrats! Don't let the balances creep back up on you. 

[RockinRay]

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@Repo-ed wrote:

They key now is, to not let it get back up.

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+1 - that is your best bet. Use it, but PIF!

[joanie74]

I'll let you all know how much the score increases.  I should know in a couple of days.

[joanie74]

Equifax went up 33 points, Transunion hasn't computed anything yet (emailed Discover to make sure they reported to all bureaus) and haven't checked Experian yet.   

[joanie74]

Wow!!!  My Tansunion went up from 587 to 695....got a collection removed and some lates plus paying down the cc. 

[Iamien]

I used to have total CL of 4500.  Going from 40% to 7% made my EX jump 53 points(681 to 734).  Utilization is definately key.