Hope this works!!! I'll be doing this in the next 2 weeks Best Action - Pay Down 90%-100% of Your Credit Card Balances - Over the Next 24 Months Your current FICO Score is: 566 Your simulated FICO score would be in the following range: 686 to 726 How you manage your revolving accounts (credit cards, department store credit cards, revolving lines of credit) is heavily weighted in the FICO score. FICO scores evaluate your revolving accounts in a variety of ways, including comparing your balance to your available credit, as well as looking at the number of accounts with a balance. A general rule to remember: consistently carrying lower balances on your revolving trade lines will generate positive points for your score.
I believe the hitch there is the "over the next 24 months." This implies another 2 years of "pays as agrees" ontime payments. Paying down your balances does help significantly, but you likely won't hit 700 immediately by doing it unless utilization your only bad factor.
gonna pull fico after the 1st of Feb... then we'll see... usually bumpage happens for me at the end of the month.... not bad when I only got 3eq and 2 TU left..
