FICO score i ncrease with CC util

[joeblow2]

I am trying to boost a TU FICO score of 722. In Nov I started util $100 of a $6,000 limit. Pay $20 every month. When will i see this increase my FICO score? only other Loans i have are 1st and 2nd mortgages since 2005 never late

[Anonymous]

$100/$6000 = .016% util

You aren't going to get any points for decreasing that.

Do you have other CC?

[llecs]

Did you mean $100 balance of a $6,000 CL or did you mean 100% util of a $6,000 CL? Either way, you'll see no change if this is your only card paying $20/mo. Paying $20/mo on $100 balance won't really drop your util any lower than what it is now. You could try paying it to $0, but you may not see much of a change if this is your only CC. If the card was at 100% utilization, then paying it to $0 will net you a gain.

[joeblow2]

I have 7 cards with total limits of 29,7000 credit lines total.  0 balances on all with exception of the 6,000 limit 1. That has the $112 balance What do i need to do to increase my score. ? Oldest CC is over 5 YRS old

[llecs]

Time may be your only answer. Your 5 yr history is holding you back and your AAoA would be less. BTW, $29k in TLs with only 5 yrs of history is very impressive.

Do you have any baddies?

Tweak and play around with the balances. IMO, try to let 1/2 report $0 with the other half reporting $1 or more (but less than 9%).

[joeblow2]

I have a bk from 6/2001 no Baddies since. So what do i have to do to increase my score?

[joeblow2]

Also you mean get 3 or 4 cards to report at least $1 ? or 1%. Would just using them once a month and paying them off do it?

[llecs]

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joeblow2 wrote:
Also you mean get 3 or 4 cards to report at least $1 ? or 1%. Would just using them once a month and paying them off do it?

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$1 or 1%, it does not matter to your score. FICO can be quirky in that some have reported small gains be getting half of their CCs to report $0 and the other half $1. If you did this it wouldn't be too many points. Don't ask me why it can help because I have no idea. If this doesn't work out, then you could always go back and pay off your balances for the following month.

Other than that, time is the only thing that can help.

BTW, did you open any of these CCs within the past 1 year? If so, you could see some gains at the 1 yr mark.

[joeblow2]

So my best bet might be to pay the CC with the $112 balance off have 0 balances on all CC and just pay my 2 mortgage accounts. also got 2 INQ  - 1 from 03/08 and 1 from 11/08 how much will my score inceaase when they hit the 1 year mark? I just need a 740 FICO on TU

[joeblow2]

newest CC is over 2 1/2 yrs old