Ask Experts Questions for FREE Help !
    kirk821's Avatar
    kirk821 Posts: 1, Reputation: 1
    New Member

    Jan 1, 2009, 11:06 AM
    Raising FICO score
    How long after paying off a credit card does it take to raise your FICO score?
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
    Ultra Member

    Jan 1, 2009, 02:59 PM

    Paying off a credit card will not normally raise your score at all.

    Unless it caused a huge drop in your debt to income ratio, it won't have much effect at all.

    The things that would raise your score the most quick are installment loans like a mortgage or auto loan, paid on time every time.

    These type loans add much more points than any revolving account will.

Not your question? Ask your question View similar questions


Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.

Check out some similar questions!

How to raise my fico score [ 1 Answers ]

I am trying to clean up my credit and raise my fico score because I plan to buy a house next year. I read about what they call piggyback to raise your score. My son is 19 and has no credit. My question is if he gets a secured credit card and adds me as an authorized user will this help or hurt me?...

FICO score with VA certificate [ 1 Answers ]

Is a 645 credit score high enough to get a 200,000 home loan with my VA certificate

FICO Credit Score: Maintain a 50% debt to credit-limit ratio on _each_ card? [ 1 Answers ]

I have been advised that I should transfer part of a balance of one credit card to another card in order to maintain 50% debt to credit limit ratio on _each_ card even though my _total_ debt to credit limit ratio is already below 50%. (Most of the debt is on one card for convenience.) I could...

Raising score after judgement [ 1 Answers ]

My middle score is 635. I have 2 small cedit cards and a mercedes loan as open trade lines. I just paid off an old collection and a judgement, how much can I expect my scores to increase? Thanks in advance Jay

FICO score unchanged [ 8 Answers ]

I began cleaning up my credit about 8 months ago. The results have been great... except even though items have been deleted and paid off my score has not changed! It is my understanding the FICO score is fluid and changes as information on the credit report changes, but this has not happened. ...

View more questions Search