@Ewalker33 wrote:
Awesome!! Thanks for the advice. I have been paying them down all wrong then. Thanks again.
OK so it's easy to see how you can improve your scores.
1. Revolving credit cards: you do the math on how to get there, but your goal should be 4 of 7 cards reporting at zero balance, the other 3 at 30% or less. At that point you will definitely experience a positive tug on your FICO scores.
2. Installment: if you want, you could pick up some points by doing a share secured loan and paying it down to 9%. The most painfree way I know is take out a $500 or greater savings account with Alliant Credit Union, take out a 48-mo or 60-mo share secured loan secured by the savings account, waive autopay or turn it off, transfer $ from the savings account to pay the loan down to 9%. You will pick up points.
@Ewalker33 wrote:
Credit Limit Balance Owed <30% Amount Needed Capital One $2,550.00 $1,818.00 $765.00 $1,053 Capital One $500.00 $0.00 Barclays $1,400 $108 $420 Macys $2,000 $1,331 $600 $731 Best Buy $3,500 $1,049 $1,050 Sychrony $1,500 $447 $450 Sychrony $1,500 $416 $450 $12,950.00 $5,169.00 $3,885 $1,554.00 I paid a few of them down and this is the updated chart. Hopefully the scores will begin to go up now. Thanks,
Cool. You did do the math. Now you've got one at zero and 4 below 30%, with your overall utilization down to 40% . Now you're cooking.