How fast does your credit score go up after paying off the debt?

Hello everyone,

I wish to know how fast it would take for my credit score to go up after i%26#039;ve paid off all my debt. I plan to get a loan this week and will pay off each card in full. Does the process of getting my credit up take hours, days, weeks, months even? Any information would help, thanks!

How fast does your credit score go up after paying off the debt?

It depends on how you handle yourself from here.

I had a bankruptsy 4 years ago and my credit score is now over 700.

How fast does your credit score go up after paying off the debt?

It took mine 3 months to go back up to 712. I paid off 16 credit cards last yr in September. I found out in December it went back up. You might want to check with:

http://www.freecreditreport.com/

They helped me a lot.

How fast does your credit score go up after paying off the debt?

Getting a loan is NOT paying off debt. That is called moving the debt from one lender to another. %26quot;Paying off%26quot; would actually require you to earn money %26amp; pay that to the debts. See the difference?

I don%26#039;t mean to be hateful, but I think you are deluding yourself. You are more worried about your stupid credit score than about actually DEALING with your pile fo debt. You only need to care about your credit SCORE if you plan to continue borrowing as a way of life. I personally think this is a BAD PLAN. We quit borrowing years ago %26amp; have paid off TONS of debt. It is both fun %26amp; liberating to have actual money to spend. I seriously hope you will try it.

How fast does your credit score go up after paying off the debt?

If you are paying off a lot of cards close to their limit, you should see a nice bounce up. But because of the new credit it may actually go down. There are a lot of factors so it depends on your exact situation. But even if it does go down in the short run, if you pay your loan on time and keep the balances down it will start to rise pretty quickly.

Scores are dynamic, that is as soon as new information is reported to the credit reporting agencies you will have a new score.

How fast does your credit score go up after paying off the debt?

I found this simulator interesting.

http://moneycentral.msn.com/investor/cre...

There are also a lot of articles on the page that seem to be informative.

How fast does your credit score go up after paying off the debt?

It took me about 3 months to raise my credit score 100 points so as long as you are paying off and paying what you owe it will raise not really quick but you will notice a very good change. But getting another loan is a very bad idea because it does add more debt to your report and if you iquiring and get denied it adds more iquires to your report.