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How did get score back up

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hpertrain
Regular Contributor

How did get score back up

Was doing great, middle score of 680 and then I got a scorwatch alert that my equifax dropped 43 points!!! All because I just used 25 K in revolving credit. I am paying all that revolving debt off this week. My score dropped 43 points within 10 days of using the cards. I know nobody knows for certain but if I pay all that off this week any chance I can get those 43 points back in such a short time frame?? Thanks.
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MidnightVoice
Super Contributor

Re: How did get score back up

I lost 10 points for high utilization last week.  I won't get it back for a month - the CC is reported to the CRA on the statement date every month, and only once a month, so I have to wait until the new, low balance reports
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
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