How many points will my credit go up?

Question

I just paid off two $2000+ balances. I still have 2 open( one 4800 with a 5000 limit and one 600 with a 750 limit). How many points might my credit go up in 30 days?

Answer 1

Depending on what the max was on the two cards you just paid off, it could be quite a bit higher in 30 days than it is currently...primarily because your utilization of credit card debt would drop substantially.

If, for example, both cards were maxed out, then your score could go up quite a bit. But if both cards had $10,000 limits, then your score might not go up all that much.

It is hard to give you a range to expect because I don't know what else is on your report.

It will go up, though.