Estimate of fico boost from paying off maxed CC's?

[Anonymous]

I know it is tough to say but does anyone have experience and know a ballpark?  Just paid off two overmaxed 500 limit cards and paid a maxed 1500 limit down to 400.   I'm curious what I might expect as far as a boost?

[llecs]

Are these your only 3 CCs?

[Anonymous]

I'm an AU on my wife's card 7500/25000

Wonder if I should get off of that one?

[llecs]

If I had to guess to a point change, then I'd guess 30-35 point gain. Your utilization going from 36.4% to 28.7%. I bet you might see 10-15 points for the util drop and another 20 if any of your cards were reporting at 100% or greater of the CL. Of course, this guess is based on a FICO score as pulled from this website. Other scores from other sources might not increase as much.

I wouldn't drop the AU. The balance is a tad high, but it'll help in the future. Also, if older, you could lose points if removed.

[Anonymous]

I went from 94% (... I know, I know) to 4% utilization and gained 40 pts.

[Anonymous]

Last year my EQ scores came from 107% util to 3% util and I saw 103 point rise 540-643.  So, i guess being over 100% really kills your score.

[llecs]

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@Anonymous wrote:

I went from 94% (... I know, I know) to 4% utilization and gained 40 pts.

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Congrats on the paydown. How many CCs were reporting?

[Anonymous]

Thank you!! I was pretty excited for the increase. I have two Cap1 cards reporting, 1000/500 cl"s. These are my rebuilders. I hope, sometime here in the near future, to enter the prime market.

[Anonymous]

I'm sorry, my balance reporting is $50.00 on the $1000 cl and zero on the other.