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just paid downCC

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joanie74
Established Member

just paid downCC

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.

 

Smiley Happy

Message 1 of 14
13 REPLIES 13
MsLadyRover
Valued Contributor

Re: just paid downCC

Nice! Congrats on your reduced utilization.



Starting Score: 639 (Walmart TU)
Current Score: TU 715 (Barclay) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

Take the FICO Fitness Challenge
Message 2 of 14
LS2982
Mega Contributor

Re: just paid downCC


@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.

 

Smiley Happy


CONGRATS!!!!

 

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




EQ FICO 548 3/3/16
Message 3 of 14
Repo-ed
Senior Contributor

Re: just paid downCC

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

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891
Message 4 of 14
bribro
Valued Contributor

Re: just paid downCC

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

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Message 5 of 14
RockinRay
Valued Contributor

Re: just paid downCC


@Repo-ed wrote:

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


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

Ray

** Every Card has a Job, and Every Card does its Job **
Message 6 of 14
joanie74
Established Member

Re: just paid downCC

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

Message 7 of 14
joanie74
Established Member

Re: just paid downCC

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.   Smiley Happy

Message 8 of 14
joanie74
Established Member

Re: just paid downCC

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

Message 9 of 14
Iamien
Established Member

Re: just paid downCC

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.

733 TU (08/21/2013)
Amex BCE($20,000): 3% Groceries - 2% Gas - 2% Department Stores
US Bank Cash+($9,500): 5% Fast Food - 5% Cellphones - 2% Resteraunts
Chase Freedom($4000): 5% Rotating
CapOne QuickSilver($30,000): 1.5% Everything
Citi Double Cash($12,500): 2% Everything.
Lowes($2,400) 5% off Lowes.
Message 10 of 14
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