I have 3 credit cards almost maxed out at 92% utilization.
If I pay down all my credit cards to utilization totaling 20% is it possible to raise my credit score by 75 points? I am currently at 620.
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2Paying down your credit cards will not only increase your credit score, but save you a ton of money on interest and fees. By all means get those paid down. There is no need to give a lot of your paycheck to banks. – Pete B. Apr 16 '20 at 17:15
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3Does this answer your question? How will going from 75% Credit Utilization to 0% Credit Utilization affect my credit score? Question is a bit different (other OP is paying to 0% utilization), but JTP's answer still applies. – Nosjack Apr 16 '20 at 18:14