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Paying off Credit Card Debt

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I had about $4,000 in credit card debt (A few revolving store accounts and a few major credit cards). I just recently paid them all off. I have no auto loans or student loans. My credit score is about 660, will it go up being that I just paid off my credit card debt? That is my hope.

Asked by domoniique 3 months ago Flag this Question

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Hey, your credit score will eventually go up.  See, when you get your score they are taking it at a snapshot in time.  So if at that time, you have 4000 in charges and a 6000 limit, your utilization would be 67% which would be bad.  Once you pay off this debt, and the cc companies update the credit bureaus your score should go up a bit.  Read more about it on my blog:  www.yourpfpro.com

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wholeinone04 3 months ago

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