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Question By
henson32

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how much would paying off my credit card help?
I only have one credit card and I dont know if I should just pay it off or pay it off and close it out.

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Pay it!!!

Helpful to 3 out of 3 people

If you pay off the account and close the card, you will no longer have whatever credit limit you currently have available to use and that will hurt your credit score.  If you pay off the card and keep it, that is going to look much better.  Ideally, you'll be paying off the card every time the bill comes in so your credit score improves.

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