I have three visa cards that are at approximately 85% of there balances. If I can get them down to 50%-60%, does anyone know how much or how significant the impact could be on my credit scores?
Assuming you don't have major derogs/lates... it can raise your score quite a bit. NO real idea of a figure, but it can be a big influence. Especially going from maxxed to half maxxed, you should see a large jump. I believe however getting that to 30-40% is your best jump, better than going to 50%-60%. I have seen mine go up 40 or more points for balance to limits being low when I get my score. -Peace, Dave
