Decrease util- how many points?

[samy2576]

I recently paid down my 2 credit cards. One from 90 percent util to 8 percent and the other from 75 to 5.

I know there are other factors involved but any idea how much my score might go up?

My high util is pretty much the worst thing affecting my score right now.

[Anonymous]

Tough to say without posting your current score and if you have any dergatories.

If you had no collections or charge offs, you will see a very huge increase.  If you do have some, the increase should be large, but not nearly as large.  Also, if you score was already higher (like 700 or something) it won't go up nearly as much as if it was low (like 600 instead).

[GoodCredBen]

i would read llecs thread, very cool person, very smart!

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Score-impact-of-going-from-89-util-to-lt-...

[samy2576]

My current score is 621. I have no collections, the only other bad mark on my report is a voluntary repo in 2008 that is currently listed as a paid in full CO.

[namvet]

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@samy2576 wrote:

My current score is 621. I have no collections, the only other bad mark on my report is a voluntary repo in 2008 that is currently listed as a paid in full CO.

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  My educated guess would be 30-40 points!

[samy2576]

That is also the estimate I got from credit karma. I really need to get to 660 to get the best rate on a house I'm about to buy so here's to hoping!