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
kp17ck

0 Contributions
0 People Helped
increase 100 points in a month
If I pay the balance in full, credit score simulator shows a 100 points increase. can this be done in a month by paying all the balance at once?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
433 Contributions
198 People Helped

Depends, but it is possible. If you have a Credit Utilization of like 90%, the balances are something like $10k, and you pay it all down to less than 10%, then yeah, you stand a great chance of getting a huge bump like that in your credit.
--

Note that the simulator does not guarantee that your score will shoot up by 100 points, though... it's just a really rough estimate.

Top Contributor
474 Contributions
201 People Helped

I would say depending on your usage it is very possible.  I reduced CC utilazation from about 24% down to 1-2% and got a 80 point jump.  but this was nearly 20k payoff on CC debt on 95k available.  So can not promise, but this is the fastest way to increase scores.

Results 1-2 of 2Results 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.