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mdc102263

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I have $8000 in credit debt I have a score of 756 wil paying it off up my score to over 800?
I do not want to close those accounts because I know it could lover my score, I just want to pay off the balances. I own my home ( no mortgage) and all I have are 3 loans, auto, credit card and personal loan totaling 8000.00 I can pay them off in the hopes off in the hopes of getting in the 800 credit scores... any advice??

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help

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thats ""lower"" my score  not lover............ sorry.......auto correct is not always a good thing............

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Keep in mind that a 0% utilization (not using any credit) is actually worse and could lower your score than using some.  I would suggest paying them off, but then keeping an account on a revolving cycle and paying it off in full each month.

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Reply by
icuhowie

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The following is NOT TRUE "0% utilization (not using any credit) is actually worse and could lower your score than using some"

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