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klilly820

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if i pay off credit card when will credit score increase
i paid off my only credit card last night and put the utilization under 30% how long will it take for my credit score to increase

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There is a hit for having 0 utilization report.  You really need at least 2-3 cards for scoring purposes.

If your utilization sufficiently dropped then your score will increase when the account reports.  Most credit cards report on statement date.  You can verify by looking at the report date on your credit report.

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