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ethan228

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pay off most of my bills an one is very large how will this affect my credit
yes i getting ready to pay off most of my bills one is very large how will this affect my credit score.

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It depends on what your current utilization is.  If your utilization is above 30% right now, then your score should increase after paying them down.  If it is below 30% right now, then paying those off can actually hurt your scores.   Also, if any of these are credit cards, be sure to keep them open (if they are good accounts), otherwise closing them will hurt your score more.  If your goal is to increase your credit score, then don't pay off all the loans, just get your utilization down as low as possible (1-3% of your credit limit is ideal) and your scores will increase.  Any time you pay off/close an account, your score will take a hit.  Best of luck!

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