How soon does your credit score go up after you payoff your credit cards?

Question

I have 4 cards with balances on them and will be paying them off next month. How soon will that reflect on my credit score? These cards have been open for a year.

Answer 1

i would assume that you should see a improvement in your credit score after 30 days. That gives the credit card companies time to report the $0 balance to the credit card companies

Answer 2

As soon as the credit card companies report to the credit bureaus.

Answer 3

It doesn't happen over night but the most credit card companies report to the credit bureaus every 30 days. So the more times they report a zero or near zero balance your score will slowly but surely start going up.

Answer 4

I recently paid my credit cards off (3 of them).  At the end of the month, when it was reported to the credit bureau, my credit score went up dramatically.  I was told it was because my percentage of available credit skyrocketed from 45% to 87.25%.  Good Luck, its a great feeling to see the new score.  And mine is still going up!!