My credit score is 645, my debt is 5k, if I pay off the 5k, how many points my credit score will go up to?
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1 Best answer
Anonymous_
Level 15
Feb 4, 2020 6:32:03 PM
The exact figure would be virtually impossible to state because there are different credit scoring models that use different algorithms. Your score will eventually rise due to a decrease in your utilization rate.
1 Replies
Anonymous_
Level 15
Feb 4, 2020 6:32:03 PM
The exact figure would be virtually impossible to state because there are different credit scoring models that use different algorithms. Your score will eventually rise due to a decrease in your utilization rate.