paying off credit card or getting balance down

Submitted by pennylbeitel on Tue, 03/17/2009 - 19:07
Forums

how long do you have to wait for it to show on your credit score . and how many points do you get?

Normally when a negative item gets removed from your credit report, it automatically gets reflected in your credit score. However, you may wait for a month or so, after an item gets removed from your report, and check the credit score for any changes. However, if it is a delinquent credit card or a loan account and you pay it off, your score may not improve.

Wed, 03/18/2009 - 10:22 Permalink