Posted on: 01st Jul, 2012 11:43 pm
We’re trying to get our first house; his score is in the 700s. I have the worst score. I am working to get my scores up. Anyway, they advised me to pay down my $2500 cc down to below 30% and I did and had a minimal score increase. EX went up 40 pts but the others did not budge. So my question is if I pay the balance down (5%) do you think my chances are good for another big score jump?
You should ask the credit card companies to report the payments to other credit bureaus as well. Unless they report it, you won't be able to see any increase in the scores. Paying off the balance down will definitely have a positive impact on your credit scores.
Hi Selvvy!
Welcome to forums!
I agree with Niicss that paying off the credit card balance will help you in improving your scores. However, it is true that it might take some time to get the improved scores reflected on your credit report.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I agree with Niicss that paying off the credit card balance will help you in improving your scores. However, it is true that it might take some time to get the improved scores reflected on your credit report.
Feel free to ask if you've further queries.
Sussane