Reducing Util from 74% to 15% - How many points?

[H2GirlyGirl]

I will be paying down my credit cards within this next month.  My scores are right around 600 now, with current util at 74%.  I plan to get it down to 10-15%.

Any guess on how many points I chance to gain once my payments are posted to the CB?

Thanks!

[RobertEG]

At least 50 pts.

[llecs]

IMO, it depends on your mix of credit. Do you have at least two revolving and one charge card?

[smallfry]

I went from 56% to 1%. Got in the neighborhood of 25 points. It all depends on your file and what bucket you are in.

[H2GirlyGirl]

Yes, I have a Visa, Mastercard, and a couple store cards.  Also, one vehicle loan (<6 mo old)...no mortgage.  BK in 2002.

Thanks for the replies!!

[llecs]

I'd guess 60-65 points or 70-75 if you bring it below 9%.

[smallfry]

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@llecs wrote:
I'd guess 60-65 points or 70-75 if you bring it below 9%.

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Lot depends on new accounts and AAofA. Like I said I went from 56 down to 1 and the combined whammy of new accounts and the tanking of AAofA in a derog bucket kept the score pop to a minimum.

[llecs]

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smallfry wrote:

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@llecs wrote:
I'd guess 60-65 points or 70-75 if you bring it below 9%.

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Lot depends on new accounts and AAofA. Like I said I went from 56 down to 1 and the combined whammy of new accounts and the tanking of AAofA in a derog bucket kept the score pop to a minimum.

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Ditto. The bucket you are in plays a big part in any increase.