Unusually High Rebound?

[Anonymous]

Past cycle I had 27% util (of around $18k TCL, was paying back family and meeting some minimum spends. Util is now 7%)

Scores dropped from low 700s to mid 600s. Equifax in particular was about 685 down to 666, and it's now jumped up to 724. 

Never had a jump like that before, wondering if it was because of me paying off $3500 of debt at once?

NFCU hasn't reported yet (approved in Jan, SL of $20k which is double my total limit from all of my other cards.) So it wasn't that, but I'll report back how opening another revolver and charge card (Amex Gold) affects my score . 

[Anonymous]

You seen a jump in your scores because you paid your utilization down below the next threshold of 8.9%

Congrats!

[AllZero]

Congratulations on your score increase.

I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization
My 11 Rules to Credit Rebuilding
FICO Score: What to pay down first?

[blindambition]

---

@Anonymous wrote:

You seen a jump in your scores because you paid your utilization down below the next threshold of 8.9%

Congrats!

---

+1

You get an immediate boost when passing a designated threshold. This one being 8.9%. 👍🏻 

[donkort]

Paying off $3,500 in debt deserves a big FICO boost.