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Reached a milestone

New Member

Reached a milestone

Since March I've paid off a bit under $30K in credit card debt. Hardest part was making the decision to get rid of it. I started with a score of 720 and had balances of: Visa - $11575 ($14K), Discover - $10150 ($15K), AmEx - $8013 (pay off in full every month - almost all work related travel)


Lessons Learned


AmEx - Balance total does not matter much. Plus or minus 8 points (7 is the most common) no matter the balance. Gone down and up 7 points with comparable balances.

Discover - Paying off in full raised my score 30 points.

Visa - Paying off $5K raised my score 32 points. 


Make the decision. Come up with a workable plan. Execute the plan.


I paid off my Visa last week so we will see what my score actually goes to. I'm at a 790 right now.


Starting Score: TU: ???, EQ: 738 - 03/11/2010
Curent Score: TU: ???, EQ: 790
Goal Score: TU: ???, EQ: 780

Take the FICO Fitness Challenge .
Message 1 of 4
Valued Contributor

Re: Reached a milestone

Welcome to the forums!!

Very well done. You committed to it and have been successful!

Total CL: $304.1kUTL: 3%AAoA: 6.8yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k |DISC-40.6k | PENFED-38.4k | AMEX-37k | NFCU-37k | LOWES-35k | ALLIANT-25k | BARCLAYS-15k | CITI-11.7k | CHASE-10k

Message 2 of 4
Super Contributor

Re: Reached a milestone

Good job and keep at it.

Message 3 of 4
Frequent Contributor

Re: Reached a milestone

Committing to paying it off is definitely the hardest part. Congratulations on the milestone!! That's some awesome work. Smiley Very Happy

♠Queen of Spades♠
Message 4 of 4
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