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Hello,
I currently have 8 revolving accounts with balances near the credit limits. I have an EQ Fico of 636 right now. No lates, or negatives etc. I have perfect payment history on all my cards since 2004. My BK from 2003 has disappeared from all my reports so everything is perfectly clean now. Yeah!
Just curious if anyone has an idea if I pay off at least 4 of my current revolving accounts to a zero balance what kind of score (EQ currently 636) could I be looking at?
Thanks for your feedback,
BJ
You should see a bump (dunno how much) from paying down those balances. Ideally, you want to be at 9% of your revolving credit limit, with half or less of your cards reporting balances. If you haven't tried ScoreWatch yet, ScoreWatch has an estimator for what score you can expect based on how much of your balance you pay off / how long you take to do it. The result is a range. ScoreWatch has a 30 day free trial if you're interested in checking it out.
Thanks so much for the info Mauve. I have EQ Credit Watch Gold for free for 6 months and I will also definitely consider signing up for Score Watch.
Have a good one,
BJ