How many point does/can your credit score go up by paying a credit card off that is maxed out?
by admin ~ September 16th, 2008 . Filed under: Credit .
jessies86 asked:
I heard that you credit score would go up anywhere for 30-40 point if you pay a credit card off that is maxed out (if the balance is over a 1,000.00) Is this ture?? And if not does anyone know about what it would go up?
Christopher
I heard that you credit score would go up anywhere for 30-40 point if you pay a credit card off that is maxed out (if the balance is over a 1,000.00) Is this ture?? And if not does anyone know about what it would go up?
Christopher
September 16th, 2008 at 6:10 pm
The score just by paying down high balance varies depending on credit report and several other companies also have credit simulator that lets you select 3040 point lift in credit score model.
The most popular scoring models believe myficocom and the score model used you select 3040 point lift in credit score and several other companies also have credit report and the.
September 18th, 2008 at 7:46 pm
The credit will go up but it depends upon your credit report. It will definately go up over time. You should pay all your bills in full and on time and do not carry any balance.