Paying off debt

[Anonymous]

So I am excited to give an update. Last time I was on here I had 8 credit cards and all but 2 of them were maxed out. This week I paid off my 2 big card which was $800 in total. I still have about $1400 to pay off but my total credit is $3600. Can I expect to see a jump in my credit score? I’m currently at a Experian score of 630.

[HOODLUMZ007]

Once utilization is 8.9% is max points as long as it's AZEO. You lose points for having a $0 balance on all cards.

[Anonymous]

We don't know your profile, so we cannot answer this! You are going from 100% rev to 75% rev, I don't know of that crossing any thresholds.

Sounds like you might also pass the 48.9% threshold too. Again, without detailing your profile, who knows, might get a few for passing 48.9%.

[Anonymous]

Really? I’ve never knew this so I need to put some small purchases on my six cards

[FireMedic1]

Welcome @Anonymous No no no. Pay down your cards and have 1 report on statement date of less than 8.9%. The rest all 0 balance report.Then of course PIF before the due date. Charging more on the cards doesnt raise scores. Its whats reported. As you pay down the balances and passsing these %'s. You will see score gains. Known thresholds are 8.9%, 28.9%, 48.9%, 68.9%, and 88.9% (maxed). Going past these %'s=points lost. Going below=Points earned.

[SouthJamaica]

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@Anonymous wrote:
So I am excited to give an update. Last time I was on here I had 8 credit cards and all but 2 of them were maxed out. This week I paid off my 2 big card which was $800 in total. I still have about $1400 to pay off but my total credit is $3600. Can I expect to see a jump in my credit score? I’m currently at a Experian score of 630.

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Please advise as to the limits and balances on all the cards. Then we will be able to advise you on where to go next.