FICO score increase

[Anonymous]

I have a 681 FICO score. I have 2 cc with balances and 3 that don't have a balance. 1 card has $16k balance with a $18k limit and the other card has $3k on it with a $5.6k limit. I am going to pay both credit cards off completely. How much will my credit score go up?

[GFer]

If you pay both off completely, you may very well see a score decrease. Fico likes to see at least 1 cc @ between 1-9 % for optimum score value. Everyone's 'sweet spot' is different, though. What your increase would be with that is ymmv because everyone's credit file is different, too. I would guesstimate at least 50 points if you have no negatives. Probably more if this is so.

[Anonymous]

Thank you