Utilization bump estimate

[Anonymous]

Secured discover 0/$200
Qs1 0/300
Cap Platinum 124/$500
BOA 792/750 settled CO for$228 will report 0 in July
Cap QS 1232/$750 (164 UTL) will settle for $500 on 7/1
Current Utl reported is 109%
When my settlements after reported I'll only have one cc account with a bal $124.(will be lower by then but for calculation sake let's keep it)
I'll go from $2024 in CO debt to$0

I used to be a wiz a calculations of this kind but since my head injury not so much.
Can someone help me work out my new utilization?

Can anyone estimate what bump I might see?
I also have a car loan current bal $7927 2 years never late. Current Experian FICO 558 TU 554

[Anonymous]

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@Anonymous wrote:
Secured discover 0/$200
Qs1 0/300
Cap Platinum 124/$500
BOA 792/750 settled CO for$228 will report 0 in July
Cap QS 1232/$750 (164 UTL) will settle for $500 on 7/1
Current Utl reported is 109%
When my settlements after reported I'll only have one cc account with a bal $124.(will be lower by then but for calculation sake let's keep it)
I'll go from $2024 in CO debt to$0

I used to be a wiz a calculations of this kind but since my head injury not so much.
Can someone help me work out my new utilization?

Can anyone estimate what bump I might see?
I also have a car loan current bal $7927 2 years never late. Current Experian FICO 558 TU 554

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I get $124/$1000 or 12.4%. If you could get that balance down to $89 you'd be all set as far as utilization goes.

Hopefully the experts chime in with score bump estimates.

[NRB525]

Will you have charge offs or lates still reporting on your file?

Congrats on getting these paid down and cleared from your file.

[Anonymous]

Yes, Capital One and BOA are refusing to budge so Im focusing on Utilization, and keeping up on time payments. The simulate says I can gain quite a few  points, but since simulators arent great i wanted some real world advice.

[Anonymous]

If you're going from maxed out utilization down to 12% utilization or so, you'd easily be looking at a score gain of 50-100 points depending on your profile.  You'd be crossing 4 thresholds on both aggregate utilization and highest individual card utilization, as well as going to a lesser number of cards with balances.  All of these factors combined would yield a significant score gain.