Utilization Question - Be Patient With Me :)

[MsKmm00]

I have read through many posts regarding utilization, however I am just not able to grasp exactly how to determine, when to make pmts, etc. Hoping you all will be willing to help me out ... please   I just opened a LOC and used it pay off my CC's, however I just realized from reading here it will appear as a revolving, therefore, I am thinking the raise in score I anticipated may not happen. I have the following:

CC#1 - Limit $500 - Paid down to $0

CC#2 - Limit $500 - Paid down to $24

CC#3 - Limit $500 - Paid down to $25

CC#4 - Limit $600 - Paid down to $0

LOC (recently opened - not yet reported) Limit $8000 - Initial advance $5250

If I am understanding things correctly, I am at about 50% utilization (give or take a few percentage points), is that correct?  My last EQ has my debt to credit ratio at 75%.  Will going down to 50% help? Or will the combo of high utilization PLUS the newly opened LOC have a negative impact. 

I do have a morgage and $36,000 in student loans currently in Forbearance. Your help is appreciated.

[Anonymous]

You will get hit for the recent inquiry but that will be negated by the new $8000. in RC.  You have 52% util which should be good for your score since your old util was 75%, as your util comes down your score will improve.  I dont understand you say you used this LOC to pay off your ccs but I only see $2100 ava on your ccs?  You say your initial advance?  I  would not recommend taking more advance at this time as it will up your util.  Plus anytime you take an advance on a LOC you pay an advance fee which can be very high, did you get a LOC with 0% interest rate or at least better than you were already paying?  Everything will work out fine just keep paying that LOC off as fast as possible, put all that money you were paying to the ccs to your LOC.  Good Luck Vicki

[MsKmm00]

The credit cards listed were close to their limits and I used some of the LOC to pay them off or down. The LOC is for $8000 - I took out $5250.  The rate on the LOC is high, however the APR on my CC's (except Cap1) was the same so technically no loss.