Credit Score?

On average, how many points can I expect my credit score to increase by using cash to pay off the maxed out balance on a high-revolving credit card? Thanks for the answers! I've had this card for six years and the balance has been high for three years. Now that I have them paid down to zero, my intention is to leave the card open and not charge on it anymore. I've closed a couple of accounts in the past which I don't think is always a good thing. I understand that it shows up better on your report if you have an open card with little or no balance/limited activity. Is that true? Good answers. I don't know which one to pick until I see my credit improve in a month, so I'll put it to a vote.

Public Comments

1. Depends on you score. If your score is high it would be less. Let's say 4 or 5 points. If your score is low it could improve 10 -12 points.
2. depends on many different things. Part of your credit score is determined by the ratio between how much credit you owe and how high the limit is on your credit cards.
3. If you pay them down to zero and then leave them open you will get a nice bounce. I would say anywhere from 10-20 pts within the next couple months. It also depends alot on how extensive your credit history is. If these credit cards make up the majority of your credit history, then it could be even more.
4. I paid off a 5000 dollar creit card and in one month my score went up 21 points
5. theres no real way to tell how much your credit score will increase, credit scores range so much my score went up by 27 point in like 5 days you can't really say how he exact amount