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Question By
Pshaw1234567

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Planning to pay off my credit card of 11,000.00 in the next 6 months. How will that affect my score?

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Wow, what a condescending first response to your question. The answer to your question is not that easy. There are many factors that go into your scores. What is the total available credit? What is your current utilization? Age of accounts? So just for an example, lets assume the $11k you talk about is a high balance and that is the only card you have, paying it down to less than 19% will have a great impact on your score. But that is assuming those factors. In a nutshell, try to keep the overall utilization of all of your available credit to a minimum and you will see positive effects on your score. I hope this helps better than someone giving you a smart aleck, holier than thou answer that is not in the least bit responsive to your question.

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Reply by
rigidity45

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Thanks for a response with substance instead of the previous response.

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If you would take the time to read the articles on this site, you will learn how such an action will benefit your credit and what factors come into play. You may actually become credit smart.

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Nobody can answe your question with out a complete detail listing of your credit report.    As you did not supply any information the best aswer is to start reading and Learning. 

Jwsister said it best.

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