- How It Works|
- FAQs|
- Help
- Log In to your account |
- Sign up now for free!
Credit Advice
Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!
Question
How long until my score improves?
My average of open credit lines are 5 yrs, 7 mo. But I just paid off my youngest loan (1.5 yrs). So my average of of open credit should go up and with it my credit score. Yes? Well how long does that take? My score 792 and I want to break 800 before I'm in the market to buy a house.
Asked by
Bosco123
1 year ago
Flag this Question
3 responses
- Prev
- 1
Reply To This Question
The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.
Let the community lend a hand!
3 Most Recent Questions in Credit Scores
I fell for the Best Buy $1000 gift card gimick on my cell phone . What should I do now?
0 Responses
Asked by WRedjohnson
under Credit Scores
Featured Credit Repair Service
- Take action and start work to improve your credit, today!
- Lexington Law helps you work toward the removal of questionable, negative items on your credit reports.
- They have served over 600,000 clients since 1991
- Active Concord-level clients see, on average, 8.7 removals by month 3 and 28.6 by month 12*
*Your Results May Vary
SERVICE PROVIDED BY
Lexington Law Credit Report Repair
Over 1 million negative items removed by Lexington Law last year, including:
- Collections
- Late Payments
- Bankruptcies
- Foreclosures
Copyright© 2007-2012 Credit Karma™, Inc. Credit Karma is a registered trademark of Credit Karma, Inc. All Rights Reserved. Product name, logo, brands, and other trademarks featured or referred to within Credit Karma are the property of their respective trademark holders. This site may be compensated through third party advertisers.
I mean my average *AGE* of open credit lines.....
Bosco123 1 year ago
I am a loan officer and there's no reason to break 800 when trying to buy a home. Your score of 792 is excellent and you would get the best rates as long as you qualify in other areas of the loan; job history, reserves (money in your bank accounts), etc.
keriksen 1 year ago
It is possible your score may go down after paying off the one loan, even though your average age of open credit lines goes up. If you do not have a good mix of installment vs revolving open lines of credit, one less installment loan could have it go down. The number of open accounts will decrease, as well. You also have one less account with active payment history going forward.
You have a 792 and likely already qualify for the best rates out there now. Why are you waiting? More can happen to bring your score down than bring it up, so why chance it and start looking for the home you want now.
phnxangell 1 year ago