Thoughs on debt simulator

[jwills1218]

simulator says i could be between 620-650 JUST by paying on time for 6 months.

Debt of $8500 @ 90% Utl

Pay off $550= 610-650 (Can do this today)

next jump is to Pay off $2000 = 620-660 (Will have paid 2k of my debt by mid sept)

Pay off 2500= 630-670 (End of Sept)

pay off 3000 = 640-680 (Mid Oct)

pay off 4000 = 670-710 (Mid Nov)

Next jump is pay off $8000 - 680-730

Anyone have any guess what the score range would be if I paid on time and also paid debt down? Does the debt calculator assume you are paying on time since you are paying down your debt? My goal is 700+ but i'd like to get to 680 So i start being able to get some of the better auto rates.

I'm trying to create the best plan possible to raise my score for approval, but also have to factor in the negative equity in my current car. Would hope to get to 680+ ASAP and then turn to paying down current note to get value closer to whats owed when i trade it in.

[llecs]

How much is this debt CCs?

How many CCs do you have?

[jwills1218]

All CC debt

Amex Blue 990/1000 11%
Amex Delta 4150/4200 11%
Merrilck bank 900/950 22%
Cap One 450/500. 22%
Best buy 1900/2500 0%

Paying off CapOne balance today. I have a 1K refund check coming and I'll apply that to
MB.

Mortgage 145k
Car note 6/26/12 34k
Car note 18,300 10/2011

[llecs]

I think your net gains will surpass or come super close to 100 points if you pay all off to $0 except for one and get the one to report under 9% of the CL. I went from 89% to less than 1% on EQ and gained 125. With nearly the same on TU down to 3%, my gain was 70 or so.

The simulator accounts for the balances to cL, but also looks at the number of balances reporting $0 in that time, as well as the age of the accounts. It's more dynamic than just util. It also assumes that nothing will be added or dropped.

[sok454]

Wow... hope this is how it works from me... i'm going from about 25k in cc debt to about 5k!  So excited.   my utilization will be about 10-15%  much of which is a card that my ex-wife is hopefully paying off in a month!

[jwills1218]

The goal is to have all CC paid of by Jan 18th, 2013 (Not including best buy at 0%)  This would put me at 20% UTL assuming Amex doesn't lower my CL. I'm paying the 4200 balance last because everytime i've made a 500+ payment on that account they lower my CL.

[sok454]

yeah my fear is now that i've paid off a lot of my balances 20k out of 25k they will lower the lmits and i'll be screwed again!

[jwills1218]

UPDATE:

Just paid off the entire balance of my Cap 1 card, and Merrick Bank card. Almost $1500!