Home >>
Credit Repair Forums >>
How much would my score go up for paying down cc?How much would my score go up for paying down cc?
bjvitale said: "Just wondering if by paying down low limit credit cards would raise my score a whole lot or just a tiny bit? I have a 500 limit and a 300 limit that are both maxed out. Is this damaging my score really bad and if so does anyone know if paying them down by 50% would raise my score to an amount that would even matter?
Thanks for the help."
FICOdemon said: "If they are your only revolving credit I would guess at least a 20 point jump. FICO seems to calculate a large percent of your score from your total revolving credit. If you have another revolving line of credit that is more signifigant that the two, then it might not change much."