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angrysaIad

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Paying off credit cards, when will it reflect?
I am young and recently paid off all of my credit card debt. I am still in college, so my student loans sit at about $35k, but payments aren't due until after I graduate in 2016. I have about $100 used of my $2,550 credit limit because I just recently paid them off. I have never had a late payment, but was recently utilizing 90% of my credit.

After taking this 90% down to 5% and never missing a payment, should I see a major bump in my score next time my statements come out, or is it still a waiting game to see if I can keep up the low utilization?

Also do my loans play any role in my score if payments aren't due for another year?

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As soon as the new utilization rate reports you should see a nice increase in scores. Congratulations on the progress.

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