http://www.theonlinecreditscore.com/credit/how-many-point-doescan-your-credit-score-go-up-by-paying-a-credit-card-off-that-is-maxed-out/ Get Your Free Online Credit Score And Report Sun, 16 Oct 2011 14:24:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.theonlinecreditscore.com/credit/how-many-point-doescan-your-credit-score-go-up-by-paying-a-credit-card-off-that-is-maxed-out/comment-page-1/#comment-1637 Kapil Sat, 25 Jul 2009 20:17:01 +0000 http://www.theonlinecreditscore.com/2009/07/25/how-many-point-doescan-your-credit-score-go-up-by-paying-a-credit-card-off-that-is-maxed-out/#comment-1637 There is no simple answer to your question. The score, and the impact on your score based on credit activity like paying down a high balance, varies depending on the score model used. You can go to myFico.com to get your FICO score...one of the most popular scoring models. I believe MyFico.com (and several other companies) also have a credit simulator that lets you play around with your credit report and see the impact on your score based on a scenario you select. A 30-40 point lift in a credit score just by paying off a high balance account is entirely possible...but there is no absolute way to know. There is no simple answer to your question. The score, and the impact on your score based on credit activity like paying down a high balance, varies depending on the score model used.
You can go to myFico.com to get your FICO score…one of the most popular scoring models. I believe MyFico.com (and several other companies) also have a credit simulator that lets you play around with your credit report and see the impact on your score based on a scenario you select.
A 30-40 point lift in a credit score just by paying off a high balance account is entirely possible…but there is no absolute way to know.

]]> http://www.theonlinecreditscore.com/credit/how-many-point-doescan-your-credit-score-go-up-by-paying-a-credit-card-off-that-is-maxed-out/comment-page-1/#comment-1636 Ingrid S Sat, 25 Jul 2009 19:21:18 +0000 http://www.theonlinecreditscore.com/2009/07/25/how-many-point-doescan-your-credit-score-go-up-by-paying-a-credit-card-off-that-is-maxed-out/#comment-1636 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. 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.

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