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I would leave a few hundred on the $25k card.
You should bounce back over 5he next 30-60 days.
GL!
DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!
@Anonymous wrote:
Hi everyone
My FICO score dropped around 90 points. The only suspected culprit is high cc utilization. I usually was around 9% on each cc and last 6 months went to 80-90%. I paid off all credit cards leaving a small balance in 1 so overal utilization shows 0%. Once this gets reported what would be my increase in points ?
Cc. Limit. Balance
1. 25,000. 0
2. 20,000. 0
3. 7,000 50
4. 2500. 0
5. 1200. 0
6. 500. 0
Current score is 575 No derogatory info on file , no late payments.
2 installment loans in file 6 month and 1 yr old
Oldest cc is 2 yrs.
You'll get all the points back, and then some.
@Remedios Do you know which lenders may do this?
@Remedios wrote:
Any small reported balance (I think some lenders will not report if under $5.00 or $7.00 based on previous threads) will be rounded up to 1%, so no worries there (unless the actual reported balance is over 1%
You will gain back what you lost. If your current utilization is going to lower compared to one prior to increase, there might be additional gains.
@Anonymous wrote:@Remedios Do you know which lenders may do this?
@Remedios wrote:
Any small reported balance (I think some lenders will not report if under $5.00 or $7.00 based on previous threads) will be rounded up to 1%, so no worries there (unless the actual reported balance is over 1%
You will gain back what you lost. If your current utilization is going to lower compared to one prior to increase, there might be additional gains.
.... I have no idea, just tagging Remmy.
Anytime, @Anonymous