1 Card at 88% is this the problem

[Anonymous]

I have 1 card that is maxed out to 88%. It's the only card I have maxed out like this. I plan to make a big payment on it tomorrow!

Question.. if I pay this down to 30-50% will this incease my credit score?

[SouthJamaica]

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@Anonymous wrote:

I have 1 card that is maxed out to 88%. It's the only card I have maxed out like this. I plan to make a big payment on it tomorrow!

Question.. if I pay this down to 30-50% will this incease my credit score?

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Yes!

[Shooting-For-800]

I would think so but how many points depends on many other factors.

[CreditInspired]

Once you cross 2 thresholds—yes:

<48.9%
<28.9%

[Anonymous]

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@Anonymous wrote:

I have 1 card that is maxed out to 88%. It's the only card I have maxed out like this. I plan to make a big payment on it tomorrow!

Question.. if I pay this down to 30-50% will this incease my credit score?

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It depends.  Is that 88% balance reported on the account?  It's possible you had the card at (say) 30%-50% utilization and made charges that brought it up to 88%.  If that 88% hasn't reported yet, your score is still based on the 30%-50% reported balance so making your large payment and allowing that 30%-50% balance to remain in this example wouldn't move your FICO scores.