Fico question

Discussion in 'Credit Talk' started by Mick, Apr 3, 2001.

  1. Mick

    Mick Guest

    I am embarrassed to say that I have 2 credit cards maxed out and one that is like $400 over the limit. Needless to say, my FICO score is horrid. If I paid those accounts to well below the cc limit, how fast, and how much would my score likely go up? I know you can't give me a "number", I am really just looking for opinions or experiences. Would it take months and months?
  2. marci

    marci Well-Known Member

    I think it would take 2-3 months for it to be reflected on your
    credit reports, as long as all of your issuers report to all three CRA's and
    do it more frequently than once a quarter.

    With Equifax, it may take a bit longer, b/c I've found them to be soooooo
    slow when it comes to updates from creditors.

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