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LuvsSiamese

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So confused - paid off 3 credit cards- did not close them out and credit score went down 40 pts/
I paid off 3 credit cards- did not close them out and my credit score went down 40 points - why would that happen?

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3 credit cards

 you're score went up because you paid them off and you're not carrying a balan ce.  it should go up even more if you close one or two of the accounts - this will lower your 'debt potential'.  Keep one or two open that have the best history that you're had the longest.

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