Utilization and credit score

[Emeraldautomotive]

I have paid almost all my cards down to a zero balance I was running at about 68-75% utilization. I will now be around 5-15%, I am wanting to know about how much my score will increase. I have no late, no negatives, AAofA IS ABOUT 2 years.

[leegreen]

There are way to many variables here...I can tell you with only changing my utilization I got my score to go from the 630s to 690s...

Try this link: http://www.myfico.com/ficocreditscoreestimator/estimator.aspx

[randeman]

I went from about a 50% utilization to 11% and my score went up 30 points.  I have one more card to report paid off and I am looking forward to seeing if there is another bump.  Hoping to break 700.

[MT936]

You should have a big boost by doing that

[takeshi74]

---

@Emeraldautomotive wrote:

I have paid almost all my cards down to a zero balance I was running at about 68-75% utilization. I will now be around 5-15%, I am wanting to know about how much my score will increase.

---

No way we can tell you that.  We don't know the algorithms used so we can't give you a specific number of points.  However, it should yield a significant improvement.

[Anonymous]

---

@Emeraldautomotive wrote:

I have paid almost all my cards down to a zero balance I was running at about 68-75% utilization. I will now be around 5-15%, I am wanting to know about how much my score will increase. I have no late, no negatives, AAofA IS ABOUT 2 years.

---

My scores made a significant jump after paying down a ~60% utilization balance on the one card I had at the time.

[-NewGuy-]

Well UTIL is a big chunk of your score, but there are other variables too. In a vacuum, though, I would agree that you should see a pretty decent improvement.