It seems to me that the utilization % affects your scores VERY quickly. Alot of can depend on when the CC reports and when the CRA updates. If your util is 25% one month and 5% the next, would you expect to see an increase (based only on that and no other outside influences?)
It seems to me that the utilization % affects your scores VERY quickly. Alot of can depend on when the CC reports and when the CRA updates. If your util is 25% one month and 5% the next, would you expect to see an increase (based only on that and no other outside influences?)
Is this based on the util % dropping? I was at 75% (my ex wife's cc account is still maxed out and it is not mine). With the ex wife's maxed out account dropping off and a couple of large payments, my util should be about 9% this month.
Is this based on the util % dropping? I was at 75% (my ex wife's cc account is still maxed out and it is not mine). With the ex wife's maxed out account dropping off and a couple of large payments, my util should be about 9% this month.
Wow!
Yes, the estimate I gave was based on the lower utilization from 25% to 5%. In your case, though, going from 75% to 9%, I'd say you could expect a good 60-75 points. Just an estimate.
Is this based on the util % dropping? I was at 75% (my ex wife's cc account is still maxed out and it is not mine). With the ex wife's maxed out account dropping off and a couple of large payments, my util should be about 9% this month.
Wow!
Yes, the estimate I gave was based on the lower utilization from 25% to 5%. In your case, though, going from 75% to 9%, I'd say you could expect a good 60-75 points. Just an estimate.
