How long will it take me to reach a 620?

[Anonymous]

You won;t see jumpe paying down 1-2% at a time, but about every 10% points will usually yield a noticeable jump

[Anonymous]

My current cards rough balance/CL as reported 3/5/2011

#1- $9200/$11400

#2 $4300/ $8500

#3 $2400/$3500

#4 $3500/$8400

#5 $4540/$4500

I just paid #5 down to $3300 (and about $500 spread across the other 4) , should I see a jump because of that?

[Anonymous]

if you paid 1200 down on the one card you should see a littel jump but remember that it goes by both individual utilization and overall.  so roughly 1700 of well 20K in CC balances and 35+K in credit limit is still going to be small on a % basis.

[Anonymous]

The way I am looking at it, only need 19 pts to get to 640, so would be happy with a few pts.. and then hopefully a few more points as my Jan-Mar 2010 lates hit 1 year, maybe get a couple of more points..

 And if not, will get desperate, apply and see what EX is..

[Anonymous]

i went up 100 (555-655)pts in one year...even with 23k in student loans, a public record stemming from 2 collections (currently paying monthly)....you need to get your CC balances down under 30 percent and make sure u havent had any late payments in the last yr and you should be good

[Anonymous]

Everything has now reported clean for 12 months and my one card that was reporting over the limit is now reporting at 77%, plus overall utlization has dropped from about 66% to 61% with most reporting... hopefully get a SW alert here in the next few days.. Also recently pulled an EX FAKO, was 667, regardless of being a worthless score, still felt good.

[mauve]

Those utilization numbers are still high - you should see bumps about every 10%.  I wouldn't necessarily expect one at a 6% increment.

[Anonymous]

But should I expect a bump because of one card going from about 102% to 77%? And how about my recent lates both hitting 12 months?

[MBOhio2]

While I don't see score increases for paying down 1-2%, I typically pay chunks of $ that equal about 5% of my overall util % and I do see small increases in my credit score that correspond to decreasing my util % as little as 5%. Every little bit helps!

[Anonymous]

Just an update..

I am guessing it happened because my one over the limit card was paid well below the limit, score went from 621 on Monday to 648 this morning.