score is unchanged

[jbee]

As of April 20 my Ex Fico was 686, my util was 64%.  Nothing has changed since then except I paid a cc from 785 to 95 and another from 259 to 0 (which took utility from 64 to 41).  When I got another report Wednesday, the score was the same.  I really don't understand why I didn't get a score increase, since the utility went down 20% and it says this was one of the negative items.

Thanks so much for any help because I'm fairly new to this.

[Anonymous]

It may not go down much or at all because the util calc AFAIK looks at the following ranges as basically the same:

0%

1-9%

10-20%

21-40%

41-70%

71%+

[Jazzzy]

Watching your score go up can be a frustrating exercise. There sometimes doesn't seem to be any logic.

So much of your score depends upon what is still there. A 41% utilization is still pretty high for FICO to like. Get it lower and that score will go up.

I just had an account turn a year old, so I pulled a report yesterday. One point increase. Oh well...but it likely has to do with the fact that I still have 3 new accounts showing. So, one having a birthday didn't have much effect.

Just know that if you do the right things, your score will go in the right direction...although not always as fast as we'd like.

[jbee]

Thanks to both of you.  Now, I realize that I still need to get it below 10% to see real results, so that's what I'm working towards. 

Yesterday, I paid off a cc and put 200 towards the one with the highest balance, so that will get me down to 35% utilization.  Hopefully, I will see a nice bump, but if not, it's okay too because it's coming down every month (it was 98% when I first found this board).

Thanks again.

[smallfry]

Is that an Experian or Equifax score? If it's EX and you didn't get that score from a CU in Pa it's a FAKO and should be disregarded in this instance. If I had 12 bucks to throw at another score I would be tempted to pull a TU 98.

[MarineVietVet]

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@jbee wrote:

Thanks to both of you.  Now, I realize that I still need to get it below 10% to see real results, so that's what I'm working towards. 

Yesterday, I paid off a cc and put 200 towards the one with the highest balance, so that will get me down to 35% utilization.  Hopefully, I will see a nice bump, but if not, it's okay too because it's coming down every month (it was 98% when I first found this board).

Thanks again.

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You're moving in the right direction and that's very important. I congratulate you on your hard work. I know how hard it can be to get and keep those balances down.

From a BK years ago to:

9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score

[jbee]

It's Equifax from myfico.

[Anonymous]

Does anyone know how long does it take before you start seeing your scores go up. My husbands score was 734 in Dec Capital raised our intrest rate for no reason and we have since paid off 7 accounts but or report does reflect that.

Thanks for any information.

[Jazzzy]

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@Anonymous wrote:

Does anyone know how long does it take before you start seeing your scores go up. My husbands score was 734 in Dec Capital raised our intrest rate for no reason and we have since paid off 7 accounts but or report does reflect that.

Thanks for any information.

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Hi dogwalker...and welcome to the forums.

Is this a FICO score? Where did you pull it? I always ask, because there are a lot of "credit scores" that are sold out there that are not FICO scores. Also, you can't try to compare one "credit score" with another unless you are pulling the same score from the same vendor. That's why it's most useful to stick with FICOs.

I'm confused...are you saying that your report does reflect the lower balances...or that it does not? Can you share with us what your utilization was before as compared to what it is now? With a bit more information, maybe we can give you some input.

[Anonymous]

Yes Thank YOu. His Score was 734 FICO 12/09. We paid off 7 Accounts Cars and credit cards but our FICO Report is not showing they are paid It has been 2-3 months and his credit score actually dropped to 706 because Capital one raised our intrest rate. For no reason from10% to 17.9 in Feb.Thank you