Credit Cards

[Anonymous]

I have two major credit cards showing up on my account. They both have very low limits of $200 and $300. I have them at about 95% util. Will it improve my TU score of 519 if I bring the util down to 5% on both of them and by how much?

[Anonymous]

Most defintely!!!  That is really huge jump in lowering the util% just make sure you do it before the report so that you will see the results.

[Anonymous]

Thats what I needed to hear...I am paying them down today! Do you think the score jump could be near the 20's?

Thanks!

[Anonymous]

When I paid my util down from 109% to 61% and 61% is still bad, I saw 23 point jump, so you might see something from 10-40 pts. 

[Anonymous]

You have just made my day fine sir....thanks again!

[Anonymous]

No problem, that his exactly what the forum is all about....