How high did your FICO go after paying off CC's?

[Anonymous]

Please share your story of your FICO boost when you paid off all revolving debt to under 10%.

Let us know how much you piad and the point increase.

Thanks!

[HiLine]

I got a 70 points bump by decreasing utilization from 50% to 1% but the bump was magnified by the fact that one of the cards had been maxed out. I also got my score to jump about 50 points by going from 5% to near 0%. 

[Anonymous]

WOW, that is awesome!!!

[Quips]

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@Anonymous wrote:

Please share your story of your FICO boost when you paid off all revolving debt to under 10%.

Let us know how much you piad and the point increase.

Thanks!

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MIne went up about 75 points (708-783) over a 1 month period. When I was at 708 I had util of 47% with one card around 90% (balance transfer to pay kids college). I paid off the BT card and a couple other large balance cc's to bring the Util to around 8% - the score went up incrementally as they reported the new 0 balances. I figure i got multiple score bumps for a) bringing the total Util down. b) bring the Util on the "maxed cc" down, and c) reducing the number of cards with balances.

[mtrsprt]

Must be nice.....  My score changes 3-6 points with a utilization swing from 74% to 9%.......I'm in the crap bucket apparently.......

[Anonymous]

I have only noticed a 10 pt difference so far. I have old medical negatives though and a perfect auto and cc history.

Yesteday I just paid off one card, and lowered the other to 9%. I still have two more cards to go. I posted this topic so that those of us who are trying can have some hope and motivation. I know all credit profiles are different but I would like a general idea of what to expect.

[HiLine]

Bring the overall utilization to under 1% for a more impressive improvement

[rebuildingincb]

I brought my utilization down to 40%, but haven't seen an increase yet. It was at 76% Currently I try to keep my 3 bank cards at or close to $0, and I have a store card at 62% I am working to pay down. Will be interesting to see how it does when I get the larger balance one down under 30%.

[Kratos-TM]

I gained 40 points going from 40% uti to 3% overall uti....

[bluescale]

I just went from 97% utilization to ~4% utilization.  I'm waiting for the credit reports to update to see what that does.  I was in Europe for three weeks last month, and maxed out my card and credit line while there.  I paid them off shortly after they reported, so this should be an interesting case study.  I believe my credi line reports on the 2nd each month, and my credit card reports on the 5th.

I keep checking scorewatch and creditkarma for any updates.