I'm 22 years-old and fresh out of college. I recently began working and earning a decent salary. During college, instead of taking out loans, I charged things such as books, gas, etc. to credit cards. I did work as a nurse extern, but it was hard to work and still try to pay for well, being alive and attending school.
Anyway, my credit score is currently 690 (scale was 550-990; used TransUnion... other score was 695 using the Vantage circle). That is a bad score to me. My freshman year of college, I had a credit score that was ranked as an A and over 800.
On my reports I've never been late, my accounts are in satisfactory condition... everything is in the green and nice.
So, I think it's the fact that I do have high balances on some of the cards that is hurting me. I had over $10,000 in credit card debt two months ago and now I've worked it down to $7,000. It should all be paid off by December.
Will paying off my debts help my credit score a lot? How quickly?
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