Utilization question

[creditgirl]

Dh's util right now is a little above 100% (over on a card we just found out about).  Next month, his util will be down to at least 15%, plus he will be showing an active revolving account whereas he has none now (the over the limit card is closed and has been for a while).  My question is do you think we could see about 40 pts. from getting his util down?  If we get about 40 pts, he will be in the 700 club and we can get serious about some things we are wanting to do.

He has 3 collections that are all over 4 years old. One of those will drop off in Nov. (I disputed it so hopefully, it will fall off before!).  Other than that, he hasn't had any late payments in a couple of years and perfect payment history for 3 years on an auto loan.

Also, I just got my utilization down from 100% to about 50%, should I expect a big boost?

Thanks!

creditgirl

Message Edited by creditgirl on 08-15-2008 11:30 AM

[Anonymous]

First rule is not to dispute anything accurate.......you don't state if the collection you disputed is accurate or inaccurate. If it is accurate, let's not discuss that.

As far as your util.......the closed account......are you paying it in full? Is the 15% util including the new card?

[creditgirl]

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sidewinder wrote:

First rule is not to dispute anything accurate.......you don't state if the collection you disputed is accurate or inaccurate. If it is accurate, let's not discuss that.

As far as your util.......the closed account......are you paying it in full? Is the 15% util including the new card?

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yes, the account is his, however, the date of dola is wrong so it should have been removed already. i didn't dispute "not mine".

no, we are not paying the closed account in full. we are paying half of it. yep, the 15% util includes the new card.

thanks!