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muppetzoo22

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I have paid off all of my credit cards, why does my score not reflect the change?
I have paid off my three credit cards that have a balance with a personal loan. Why has CreditKarma not updated to reflect this change?

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credit changes

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i have paid off all my credit cards several times, and my credit score never improves, can you explain this ?

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I will wait and see what happens after another month or two of reporting time. When I did a demo of the change with the credit calculator tools, it showed that my credit would improve by about 40-50 pts because while the amt of debt was the same, the type of debt would be different. Apparently, personal loans are better for your score than credit debt. I appreciate your input!! Thanks!

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