I just recently paid off and closed out a lot of debt I had, and now I am just wondering about how long does it take for that to show on my credit score? And how much will my credit score be effected by this?
How long does it take for my credit score to go up?
well, i hope you did not close ALL your accounts. part of your credit score is based on percentage of available credit. so if you have at least a $300 credit card and is empty then you have 100% of available credit. now you should put something (like a tank of gas) on it each month and PAY IT OFF. that way is shows resposibility. your credit score should go up in the next month or so. the only problem... any negative things that might be on your report. like late payments, defaults, etc. as time passes those items will automatically drop from your credit history. hope that helps.
How long does it take for my credit score to go up?
Well, it would help to know what kind of debt you paid off and closed out. If you had open accounts and closed them instead of continuing to use them lightly, that could decrease your score.
How long does it take for my credit score to go up?
I must agree with the other posters. You have not supplied enough information to answer this question correctly.
Whatever impact your actions will have, will show up as soon as the credit bureaus update their information.
How long does it take for my credit score to go up?
It can take up to 3 month to a year
How long does it take for my credit score to go up?
Hi,
You can obtain a report on your credit score from a third party to ascertain the current situation. You can get it for free. You can find more info on this from http://financeguru.consumerspot.info . Good luck!
How long does it take for my credit score to go up?
There%26#039;s really no way of knowing how long it will take to reflect on your FICO score, or how much it will bring your score up or down. Keep in mind that closing accounts that have had a long history can lower your score instead of raise it.
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