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99% Utilization of $250K

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NRB525
Super Contributor

Re: 99% Utilization of $250K

Well, $21k is a lot of coin to pay off. It would help score, but so would getting the card below 90%, ptovide some benefit.  

The concern would be where does that cash come from, and what else is that cash to be used for?

Hopefully things go well for your friend.  

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 11 of 12
bourgogne
Valued Contributor

Re: 99% Utilization of $250K


@NRB525 wrote:

Well, $21k is a lot of coin to pay off. It would help score, but so would getting the card below 90%, ptovide some benefit.  

The concern would be where does that cash come from, and what else is that cash to be used for?

Hopefully things go well for your friend.  


whatever the rational he owes the money to wf, he is paying through the nose, see upload, and he just got the $ out of retirement to pay it off.  as I mentioned he had a procedure yesterday but I believe paid $7K before they gassed him just to verify they will not balance chase him and I will have him pay the rest off in 2 chunks this week before it cuts on the 17th.  thank you.  he is a great guy, very special person who I adore.  after this is done and he gets on his feet he will look into the refi options.  will report back what transpires after the it gets reported

 

 

011219 BC WF.PNG

Message 12 of 12
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