Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
George1383

0 Contributions
0 People Helped
I'M 100% DEBT FREE HOW LONG TILL MY SCORES START GOING UP
Paid off all my debt and closed all accounts

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1136 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

As already said, your scores are going to drop, not go up. You need open and active accounts to build and maintain good credit. Be sure that you buckle down and read like crazy until you have a thorough knowledge of credit, then that way you can get yourself on the right track for a good future with credit.

Top Contributor
269 Contributions
115 People Helped

Helpful to 1 out of 1 people

A credit score doesn't grade you on how fiscally responsible you are according to Grandma; it grades you on how well you manage credit. You aren't managing anything if you close all your accounts, so you can expect your score to plummet. 
You don't get a great batting average by sitting on the bench. 

Top Contributor
7373 Contributions
3812 People Helped

Helpful to 1 out of 1 people

Closing the accounts was the wrong move. Since the expressed purpose of Credit Karma is to teach people how credit works and how to build a good credit score (and their advice works!) I strongly suggest you take the time to read the articles on this site and use the financial tools so you will make wise decisions in the future.

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.