pking Posted April 4, 2005 Report Share Posted April 4, 2005 If I get my cc account balances below 30% or even 10% utilization,How much can I expect my score to go up.I'm currently @ about 50% utilization.Also, how long after I pay down my cards will I see a changein my Fico score?Thanks Link to comment Share on other sites More sharing options...
GreatGadsby Posted April 4, 2005 Report Share Posted April 4, 2005 try the myfico.com score simulator:http://www.myfico.com/Content/Samples/Sample_ScoreSimulator.asp?ReportID=1&fire=15 Link to comment Share on other sites More sharing options...
divemedic Posted April 4, 2005 Report Share Posted April 4, 2005 I don't know. I got my util from 86% to 49% and saw a 40 point drop. Link to comment Share on other sites More sharing options...
dukster Posted April 4, 2005 Report Share Posted April 4, 2005 I reduced my total debt from 90% of my limits to 55% of my limits in the last three months, through much hard work -- only to find that my score dropped from 695 to 680 per Equifax.I don't get it -- there are NO other changes in my credit report -- just the drop in limit to credit balances.I did not close any accounts or apply for new credit -- nothing except pay down my debt. I had no negative items on my account except one 30 day late that happened four years ago due to a move and an undelivered bill. I'm bummed out, and I REALLY don't get it.Any advice or insight welcomed.Duke Link to comment Share on other sites More sharing options...
divemedic Posted April 4, 2005 Report Share Posted April 4, 2005 Yeah, FICO changed the models in mid March Link to comment Share on other sites More sharing options...
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