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Cowboy3791

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Should I notice a considerable difference on my scores if I pay off all my debt?
My current debt is 18K...will i notice a considerable improvement in my scores if I A. pay off my debt which I can do by the end of the year B.Lower my utilization on my 2 credit cards to under 20% and finally, be on time from here forward with all payments...finally, roughly how long before these improvements happen???

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Paying things down will definitely help and you should see gradual improvements on your credit as you gradually pay down balances. You will be rewarded each time that you show a lower balance on your accounts, (after reported to the credit bureaus). If you have late/missed payments on your reports, their damage will diminish as the lates age. Things do take time, but it sounds like you are ready to head in the right direction.

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