divemedic Posted February 25, 2005 Report Posted February 25, 2005 To improve my util %, I just got a loan today to pay off 2 of my CC's. Not only that, but the interest rate on the loan is lower than the CC's.This will reduce my util % from 76% to 61%. Hopefully, my scores will improve, too.
devil21 Posted February 26, 2005 Report Posted February 26, 2005 Marginally....you are still over the magic 50% mark. Get below 50 to see any real score increase. On another note, how much outstanding debt do you have in order to need a loan to just lower approx 10% util? You must be swimming in it!!
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