How many pts will I gain?

[Anonymous]

Hello all,

I just posted a question on this forum a few days ago asking the correct way to calculate util%.  I mentioned a CO that I was calculating in the formula of my reports, but what I failed to mention is that on my EQ report the CO is  not there, so it will not factor into my util% on EQ just TU and EX.  My EQ score as of March 10 was 648, how many points will I gain with this type of cc util:  Review the chart.

CL                 BAL                UTIL%

320.00            0.00                0.00%

275.00            1.00                0.36%

350.00            0.00                0.00%

370.00            0.00                0.00%

The card that has the 320.00 credit limit eventually, I will use it and continue to pay it to 5-9% but the the rest I will pay them (1.00 Bal) then sock drawer them.  I have recently paid off 1 of 4 remaining installment loans, so my question is will I gain any points with total CC util like this and a paid installment loan or will I be dinged because I am not at 9% util and I paid off an installment loan  If I do gain any points how much do I stand to gain?

[Anonymous]

bump!!

[haulingthescoreup]

What was your util before? What other baddies do you have?

Impossible to guess at a new figure without knowing the old figure.

It's 9% or under, not 9%. 1% should be 9%.

[Anonymous]

Sorry, about that HTSU.  I guess it would have been better if I had added the previous util for my EQ report.  Here are my before charts for the util on EQ report

CL                 BAL                UTIL%

320.00            298.00             93.12%

275.00            253.17             92.06%

350.00            357.00             102.0%

370.00            342.00             92.43%

Util% after paying off but has not reported yet.

CL                 BAL                UTIL%

320.00            0.00                0.00%

275.00            1.00                0.36%

350.00            0.00                0.00%

370.00            0.00                0.00%

[Anonymous]

If the accounts listed are all of your revolving accounts I would guess 90-120 points. When you get your score post the results.

[Anonymous]

Yes wemmington, these are all of my revolving accounts for my EQ report,  I was only looking to gain 10-40 pts. If this indeed happens, by the time every acct reported I would be well into the 700s.  I will keep you guys posted on the outcome.

Thanks a lot

[fused]

---

tiger20 wrote:

Yes wemmington, these are all of my revolving accounts for my EQ report,  I was only looking to gain 10-40 pts. If this indeed happens, by the time every acct reported I would be well into the 700s.  I will keep you guys posted on the outcome.

Thanks a lot

---

Do you have any bad stuff on your report? Do you have any other open installments on your report?

[Anonymous]

Fused,

I have 3 collection accts that are about 5 years old and I have 3 paid COs that I have been GWing like crazy.  I also have a car loan for 11,000, student loans for 28,000, and another installment laon for 1500, that will be paid off the beginning of April.

[Anonymous]

One of the cards has reported and I got a 9 pt rise on TU and a 16 pt rise on EQ.  I am really thrilled, and anxious for the other three cards to report on EQ, I am not sure about the paid off installment loan though.

[fused]

You should hit 700.