Credit UTL Question

[Shockedimpy]

Hello,

I am a bit confused on trying to understand my credit utilization right now. I PERSONALLY have 2 credit cards under MY NAME. 

Capital One Quick Silver- $200 balance / $4200 credit limit

Credit One- $10 balance /  $700 limit

Last months MYFICO EX score was : 593 (Was 613 a few months back then I put $ on QS card)

As of yesterday: EX: 591 

What I am trying to understand is, last month I had a balance of $1790 on my QS and paid $1500 this month. As of 11/8 my QS balance is showing ON MYFICO: $433 (which is probably not showing another payment of $200 I made a few days after statement cuts)

My score DID NOT increase (which I would assume would, when you go from nearly 50% UTL to 2%) it actually went down -2.... Why is that?

Also, in MYFICOs SCORE SIMULATOR it says if I pay off : $XX of my $1350 balance my score will increase XX amount)....Why do I have a $1350 balance on my revolving accounts when that is NOT TRUE?? I am a AUTHORIZED user on my GFs accounts, but her balance DO NOT total to the $1350 MYFICO says I have on my REVOLVING ACCOUNTS......Please help me understand this crap.

[StartingOver10]

Do you have any collections showing balances? If so, the balance will be included in your utilization. What are your baddies?

[Shockedimpy]

Ohhhhh....baddies = collections?

I have 2: Midland Funding & Sprint Collection.

Thing is, if I pay in full, wouldn't I have to do a PFD?

[StartingOver10]

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@Shockedimpy wrote:
Ohhhhh....baddies = collections?

I have 2: Midland Funding & Sprint Collection.

Thing is, if I pay in full, wouldn't I have to do a PFD?

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PFD is the best thing if you can do it. Then it will wipe out the balance and the CA from your report. 

[jamie123]

The fastest way to improve your scores is to have the baddies removed if possible. As long as you owe them money you have the leverage to do the PFDs. If you don't do the PFDs your scores will be held down until the collections age to 7 years and fall off.

PFDs are not as difficult as waiting for 7 years IMHO.