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