Credit Score Change Finally

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My Credit Score Finally Updated

FICO Score OCT 2008


Well, after 4 Months and bringing my debt to credit ratio down to 2%, I finally saw a credit score change this morning. I got an email from Equifax Score Watch Informing me that my Credit Score Changed from 70X to 73X, which is a very good news for me.



Prior to my credit score changing to 73X, my Credit Score was 70X, and before that it was 72X. It seems that credit score falls a lot more easier than it rises. When my credit score was around 72X, I had an optimized debt to credit ratio, but the next month, my credit card balance increased to about 30% of my available credit, and my credit score immediately tanked. Even though, I paid off my bills the next month and a half, my credit score didn't change for 4 months. 

Moral of the story? Manage you debt to available credit ratio, and don't increase your debt month by month unnecessarily. I think I will keep my Equifax Score for one more month, and after which point I am goin to check my full credit report and then discontinue my subscription.

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