500 Credit Line

I have two credit cards with $500 limits that are almost maxed out. If i pay both these below the 50% available credit line....how much will my fico/credit/beacon score jump?
For example right now I have $970 used credit line out of a $1000. What will happen if my used credit line goes down to $450 for both cards combined?
My fico score is 607 because I have 4 medical bills sent to collections in 2004. Other than that I have paid all my credit cards and bills on time. The outstanding debt I have are student loans and approx. $950 in credit debt split between two cards. What can i do to get my credit up???? PLEASE HELP!!

i think its hard to determine it based on that information alone.
also the score that creditors use depends on the credit bureau they use. and all three of them can have different information.

another thing, its better to get it down to 30% of the credit limit.

good luck.

2007-08-08 13:28:37 by Jansen Y

Chris Wise, the Credit Line Millionaire, talks about the secrets to Equity Milling and how through this he is actually getting paid to drive his ...

I used H&R Blocks software "Taxcut" to do my 2005 and 2006 taxes. I was wanting to know because they said you have to have your taxes done by H&R Block to get the $500 line of credit.

According to their website, you must have completed and filed your 2005, or 2006 tax return in an H&R Block tax office.

http://www.hrblock.com/bank/emerald_adva nce/index.html?pgnavp=bank_tax&pgnav c=bank_tax_emer_adv

2007-12-06 17:34:10 by Nova

I have a capital one credit card with a $500 credit line. I was maxed out and I made a payment online with check for $500. I called them up and they released the funds instantly so I had my credit line available again. When I logged in just now it says my available credit is $701 (i've spent about $300 already). Whats up with this?

You just got a credit increase.
Since you paid off the entire amount, it triggered something in the system to give you an automatic limit increase.
Kudos
If you charge another $500 and pay off the entire thing in a single check again, you will see another increase in about six months.

2008-11-20 11:22:14 by rookienewb

I have a credit card with a $7,500 credit line and I have a balance on it in the amount of $1,000. Ive been offered a credit line increase up to $11,500. Will excepting this offer help or hurt my credit?

Thanks.

A credit line increase has been offered to you because you have been maintaining your account in a satisfactory manner by making on time payments and hence it will definitely improve your credit.

2006-07-26 22:39:24 by HHXOXO

Now I know there's a majority of you who have a bad history with the Juniper but its the only way to buy a macbook especially with the 180 days no interest promotion. Better to ask before i go ahead and do something stupid. I just received only 500 credit max from juniper so can i pay that off monthly? or i have to have at least 2000 in credit line to buy whatever is under 2000 and still pay it off monthly?
To JuliAnne: Well, lets say I have the enough cash to buy one but i dont want to spend all of it at once. I rather be paying it off monthly but yeah it doesnt seem possible to buy one right now.

I believe MacBooks cost more than what the credit line is allowing you. So unless you have the cash for the difference, you will only be able to get a $500 computer.

2008-12-13 23:17:08 by Jo