Legal Question in Credit and Debt Law in Pennsylvania

Credit cars paid in full

I recently through a settlement have the money to pay off all my credit cards, I was making monthly mininmum payments ontime. How long will it take for my credit score to change?


Asked on 11/06/05, 8:56 am

1 Answer from Attorneys

Mark Johns Mark Johns, Esquire

Re: Credit cars paid in full

As each credit card company updates your account history with the major credit bureaus your score will change. Credit scoring is a somewhat esoteric discipline but in general your score should improve due to the reduction in outstanding balances and on time payments.

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Answered on 11/06/05, 10:05 am


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