My credit score will be better if i payoff a 20.000 credit card?

Question

My credit score will be better if i payoff a 20.000 credit card?

Answer 1

It should help, but if not it definitely it won't hurt.  So, pay it off.

Answer 2

Depends.

A full 30% of your score is based on your debt to credit ratio which should be no more then 30% for the best score.

So if paying this card off will lower your usage to 30% or below then yes it will help your score, if it will not lower it to 30% or under then it will not help your score.