Comments on: Reader Question: Does Paying Off Your Credit Cards Hurt Your Score? http://www.askmrcreditcard.com/creditcardblog/reader-question-does-paying-off-your-credit-cards-hurt-your-score/ Latest Credit Card News, Reviews and Information Sat, 21 Nov 2009 01:24:43 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: erica http://www.askmrcreditcard.com/creditcardblog/reader-question-does-paying-off-your-credit-cards-hurt-your-score/comment-page-1/#comment-118286 erica Sun, 13 Sep 2009 09:22:11 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=555#comment-118286 Hi just recently paid off all my credit card debt within the past week it went frm 5000 to 0 in one week. My score is a 595. Do u think my score will go up much??? I also have a mortgage, and student loans for debt but that is it. I'm not sure if mortgage can hurt ur score cuz u can always sell ur house....I've never been late on a pymt. Do student loans hurt your score? I don't think they do but I'm not sure. Hi just recently paid off all my credit card debt within the past week it went frm 5000 to 0 in one week. My score is a 595. Do u think my score will go up much???

I also have a mortgage, and student loans for debt but that is it. I’m not sure if mortgage can hurt ur score cuz u can always sell ur house….I’ve never been late on a pymt. Do student loans hurt your score? I don’t think they do but I’m not sure.

]]> By: Sergio http://www.askmrcreditcard.com/creditcardblog/reader-question-does-paying-off-your-credit-cards-hurt-your-score/comment-page-1/#comment-77795 Sergio Thu, 31 Jul 2008 03:18:45 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=555#comment-77795 Hello, I have a credit card with a limit of $3,000.00, my balance as of today is $2,100.00, I also have a line of credit of $9,000.00. As of yesterday my balance in my line of credit was $6,935.70, what I did today was pay the $6,935.70 out of my own pocket (without getting another loan) and zeroed out the line of credit without closing it. The balance is now $0.00. Give or take, how will it affect my credit in terms of points and how long do you think it will take for my credit score to raise. My credit score is about 650 (not the greatest) and am working on getting it better. Thanks for the advice and help, Sergio Hello,

I have a credit card with a limit of $3,000.00, my balance as of today is $2,100.00, I also have a line of credit of $9,000.00. As of yesterday my balance in my line of credit was $6,935.70, what I did today was pay the $6,935.70 out of my own pocket (without getting another loan) and zeroed out the line of credit without closing it. The balance is now $0.00. Give or take, how will it affect my credit in terms of points and how long do you think it will take for my credit score to raise. My credit score is about 650 (not the greatest) and am working on getting it better.

Thanks for the advice and help,

Sergio

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