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i have a loan that i owe 900 on. If i pay this off how much would my score increase?

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Asked by sbooker99 1 year ago Flag this Question

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um scores generally drop when you pay off a loan, pay off 800 of it

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nbirnbaum2 1 year ago

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It would depend on the % that your credit utilazation drops to after paying it off. Your goal should be under 30%.  This is just an example and a guesstimate- if you are currently at 60% and after paying it off you drop down to 25% you would probably gain about 10-12 points

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rogercookenc 1 year ago

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