Student loan debt - looking for a 50 point increase

[Anonymous]

I have $136K between 14 student loans (ranging from $3K to $20K) all in good standing and ~$4K between 2 open credit cards, both in good standing and with 25% utilization. I had a 90-day default event in summer of 2012 on one of my student loans. My credit history is over 10 years old and my FICO score is 680. I am considering paying down in full one of my smaller student loans. I am trying to figure out what amount would raise my FICO by 50 points. Does anyone have a sense of an impact on FICO score?

Thank you

[Anonymous]

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@Anonymouswrote:

I have $136K between 14 student loans (ranging from $3K to $20K) all in good standing and ~$4K between 2 open credit cards, both in good standing and with 25% utilization. I had a 90-day default event in summer of 2012 on one of my student loans. My credit history is over 10 years old and my FICO score is 680. I am considering paying down in full one of my smaller student loans. I am trying to figure out what amount would raise my FICO by 50 points. Does anyone have a sense of an impact on FICO score?

Thank you

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Paying your credit cards to under 8.9% would most likely give you more points than paying off a school loan. Getting that late of your credit report would maybe get you the rest of those 50 points. Can never say for sure. But an educated guess.

[Anonymous]

I agree, getting your cc down to <9%, even better payone off and get other to <5%. You will see a nice jump from this. Mix of credit will be other factor. Is it possible to be put on a relatives cc as an auth user?

Do you have a mortgage or car loan?

[martinsoka17]

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@Anonymouswrote:
I agree, getting your cc down to <9%, even better payone off and get other to <5%. You will see a nice jump from this. Mix of credit will be other factor. Is it possible to be put on a relatives cc as an auth user?

Do you have a mortgage or car loan?

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I agree 100% with this. I saw the biggest jump in my score not from paying off $2,000 worth of my student loans but by paying down all my credit cards to 9% utilization on ONE card.