Paid my only CC from 28%

[capricornchanges]

To 5%, should I see a score increase?

[Anonymous]

It depends. Did you actually paid for the debt from your checking account? or did you get a loan with a lower interest?

[capricornchanges]

I paid my credit card down from 28% utilization to 5% utilization.

[Anonymous]

Ok, so I'm assuming you didn't get a loan at lower rate than your credit card to pay off a big chunck? I"m only asking because it will make a difference on the scores if you did.

[capricornchanges]

Gotcha, no, I paid from my checking acct, no loan.

[gdale6]

In theory yes you should gain points assuming nothing derog negates the gain.

[Anonymous]

If everything else in your credit remains the same or better, yes, you should see an increase.

[Thomas_Thumb]

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@capricornchangeswrote:
To 5%, should I see a score increase?

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I'd guestimate a 15 to 20 point increase is possible.

[SouthJamaica]

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@capricornchangeswrote:
To 5%, should I see a score increase?

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Yes