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Credit score gain for paying off high balances

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Anonymous
Not applicable

Re: Credit score gain for paying off high balances

Don’t leave us hanging, let us know what the score change is.
Message 11 of 18
Anonymous
Not applicable

Re: Credit score gain for paying off high balances

Finally update time! So Wells Fargo has not updated my balance so it still shows a 1500/2000 balance but my paypal credit reported as 0/2650 down from 2000/2650. My scores all went from the low 680's to around 705. About a 25 point gain accross all 3 credit bureaus. Overall utl is 12%. I let a small 5 dollar balance post to my NFCU card so once wells fargo updates on the 7th I will be azeo. I look forward to the point gain!

Message 12 of 18
Anonymous
Not applicable

Re: Credit score gain for paying off high balances

Congratulations!!!
Message 13 of 18
Anonymous
Not applicable

Re: Credit score gain for paying off high balances

The final final update! I am officially AZEO. My scores jumped another 20ish points. EX and EQ are 727 and TU is 730. Sadly I tried to apply for BCE with AMEX, my first amex card, but was denied due age of accounts and inquires, no Prequal, cold applied. BUT! I was approved with a soft pull for the BB&T rewards card SL is $6500!!! By far my highest limit. I'm a little sad about the amex denial but I will now enter the garden for a while. I do hit 91/3 with NFCU in a couple weeks so maybe I'll try for that second card but until then I'm gonna garden. 

Message 14 of 18
Anonymous
Not applicable

Re: Credit score gain for paying off high balances

Congratulations!

Yeah those last points were from utilization not number of accounts with a balance.
Message 15 of 18
KLEXH25
Valued Contributor

Re: Credit score gain for paying off high balances

Congratulations on the score gains and new card! Sorry to hear about the AMEX denial. They have really tightened up. I just got the BCP last week after a YEAR of gardening and scores in the 780's and got a $5k SL. Not bad, but I was hoping for higher. 🤷🏻‍♀️



Message 16 of 18
AllZero
Mega Contributor

Re: Credit score gain for paying off high balances


@Anonymous wrote:

Finally update time! So Wells Fargo has not updated my balance so it still shows a 1500/2000 balance but my paypal credit reported as 0/2650 down from 2000/2650. My scores all went from the low 680's to around 705. About a 25 point gain accross all 3 credit bureaus. Overall utl is 12%. I let a small 5 dollar balance post to my NFCU card so once wells fargo updates on the 7th I will be azeo. I look forward to the point gain!


Congratulations on your score increase!

Message 17 of 18
AllZero
Mega Contributor

Re: Credit score gain for paying off high balances


@Anonymous wrote:

The final final update! I am officially AZEO. My scores jumped another 20ish points. EX and EQ are 727 and TU is 730. Sadly I tried to apply for BCE with AMEX, my first amex card, but was denied due age of accounts and inquires, no Prequal, cold applied. BUT! I was approved with a soft pull for the BB&T rewards card SL is $6500!!! By far my highest limit. I'm a little sad about the amex denial but I will now enter the garden for a while. I do hit 91/3 with NFCU in a couple weeks so maybe I'll try for that second card but until then I'm gonna garden. 


Congratulations on your score increase and approval!

Message 18 of 18
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