Almost there.....

[rbrown973]

I have just paid off my CC's and now it's time to play the waiting game.

 Cap1 was $265 as of 2/08 - Now $15 as of 3/08

First Premier was  $193 as of 2/08 - Now $29 as of 3/08

Orchard bank was $207 as of 2/08 - Now $15 as of 3/08

I wonder what kind of increase will get???

EQ- 567 as of 3/6/08

[Junejer]

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@rbrown973 wrote:

I have just paid off my CC's and now it's time to play the waiting game.

 Cap1 was $265 as of 2/08 - Now $15 as of 3/08

First Premier was  $193 as of 2/08 - Now $29 as of 3/08

Orchard bank was $207 as of 2/08 - Now $15 as of 3/08

I wonder what kind of increase will get???

EQ- 567 as of 3/6/08

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Rbrown, what is your utilization on the cards individually and overall? How many other open accounts do you have. You don't want more than half of your open accounts to report a balance.

[rbrown973]

how can find the exact utilization on them??? I have those three cards and an installment through my CU.

The balance on my CU Loan is a $171.

I have several school loans that are paid b/c of consolidation and it's defferred b/c i'm still in school

[Anonymous]

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rbrown973 wrote:

how can find the exact utilization on them??? I have those three cards and an installment through my CU.

Divide your balance by CL.

Example: You have a CC with a $500 limit and it has a balance of $100. Your util would be 20%.

If you had 4 CC's that each had a $500 limit and you have balances of $100, $50, $25, $250. Your util would be a lil over 21%.

(I believe this is how)

[rbrown973]

duhhhhhhhhhh... If it wasn't for this board...

Cap1 utili was at 88% now at 5%

First premier util was at 79% now at 11%

orchard bank util was %97 now at %6

Cap1 CL is $300

First Premier CL is $250

Orchard Bank CL is $250

So I think my Overall UTIL is somewhere around %7....

Message Edited by rbrown973 on 03-11-2008 09:15 PM

[Anonymous]

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rbrown973 wrote:

duhhhhhhhhhh... If it wasn't for this board...

Cap1 utili was at 88% now at 5%

First premier util was at 79% now at 11%

orchard bank util was %97 now at %6

Cap1 CL is $300

First Premier CL is $250

Orchard Bank CL is $250

So I think my Overall UTIL is somewhere around %7....

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Very good move getting your utilization down!

All else equal, I predict 70-90 points.  Don't quote me, though.  There are lots of variables involved and an accurate prediction is nearly impossible.

[rbrown973]

I really really hope.... I would like to see the 600 club soon. I'm sending out to PFD letters tomorrow...

EQ-567

[llecs]

If you don't have any revolving charge-offs, you'll see 600. You are in good shape!

[Junejer]

rbrown, I agree with the others. All other things being equal, I would expect for you to jump to mid 600s. Of course, the caviat is that, the CRAs have to actually do their jobs and update on a timely basis.