How many point will my credit score increase after I paid off two debts that i had a total of 1300.00?

Public Comments

1. It depends on a lot of other factors, including other debt you have and payment history for the past 7 years. At the most, you could see a 30 point increase... that would be the most though.
2. Impossible to answer or predict because you have time,age balance on the other open accounts. inclusive of many other factors change credit scores as well (up or down). inclusive of if this is ALL of your debt?
3. if they were already in collection then your score will drop..you will have updated your date of last activity........now if they were current accounts and you paid them down then your score will increase..there is no magic formula to tell you exactly how many points becasue so many other factors go into your score...but if you paid them off AND closed the accounts..then score will go down....
4. In the short-term, it wouldn't change much. It's easy to lower your score quickly, but it takes time, (6-12 months) to really raise your score. This is from the Fair Isaac Company (the creator of the FICO score) Your score can change whenever your credit report changes. But your score probably won’t change a lot from one month to the next. In a given three-month time period, only about one in four people has a 20-point change in their credit score. You can learn all about your credit score & credit reports from their pamphlet "Understanding Your Credit Score" I hope that helps.
5. It does not take 6-12 months for a credit score to increase. But if you are looking for a dramatic increase like 100 points then 6-12 months sounds more accurate.
6. I signed up for identity guard (identityguard.com). They have a credit simulator which you can play around with to see what happens if you pay off a card, open a new account ,etc. I believe equifax and experian offer the same type of service. If you only have 1300 in credit cards and they're maxed it could raise your score a lot.