Comments on: Will paying off half of my credit cards improve my credit score? http://www.qualifyforcredit.org/will-paying-off-half-of-my-credit-cards-improve-my-credit-score/7/ Information to help you qualify for credit Mon, 09 Jan 2012 07:11:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: SPIFIMAN1 http://www.qualifyforcredit.org/will-paying-off-half-of-my-credit-cards-improve-my-credit-score/7/comment-page-1/#comment-5 SPIFIMAN1 Sun, 11 Apr 2010 06:12:17 +0000 http://www.qualifyforcredit.org/?p=7#comment-5 To go from 558 to 700 will take several months of good hard credit management. Pay your credit cards down to under 30% of your limit and keep them there. Use them for every day things, never exceed 30% of your limit and always pay in full before the due date. I did this with 2 credit cards and raised my score over 150-points in 12-months. To go from 558 to 700 will take several months of good hard credit management.

Pay your credit cards down to under 30% of your limit and keep them there.

Use them for every day things, never exceed 30% of your limit and always pay in full before the due date.

I did this with 2 credit cards and raised my score over 150-points in 12-months.

]]> By: dbzapowerunknown http://www.qualifyforcredit.org/will-paying-off-half-of-my-credit-cards-improve-my-credit-score/7/comment-page-1/#comment-6 dbzapowerunknown Sun, 11 Apr 2010 06:12:17 +0000 http://www.qualifyforcredit.org/?p=7#comment-6 It takes time with credit, your better of having a little balace and paying it off little by little, than to pay it all off at once! It takes time with credit, your better of having a little balace and paying it off little by little, than to pay it all off at once!

]]> By: rsarah23 http://www.qualifyforcredit.org/will-paying-off-half-of-my-credit-cards-improve-my-credit-score/7/comment-page-1/#comment-7 rsarah23 Sun, 11 Apr 2010 06:12:17 +0000 http://www.qualifyforcredit.org/?p=7#comment-7 Your credit score will definately go up, but it's hard to tell by how much. depends on other factors like how long you've had your credit cards, any delinquent accounts, total debt etc. But making a large decrease in debt like you've described will actually boost your score quickly. Your credit score will definately go up, but it’s hard to tell by how much. depends on other factors like how long you’ve had your credit cards, any delinquent accounts, total debt etc. But making a large decrease in debt like you’ve described will actually boost your score quickly.

]]> By: Bob http://www.qualifyforcredit.org/will-paying-off-half-of-my-credit-cards-improve-my-credit-score/7/comment-page-1/#comment-8 Bob Sun, 11 Apr 2010 06:12:17 +0000 http://www.qualifyforcredit.org/?p=7#comment-8 Getting out of debt will boost those points associated with ability to pay, but getting a "great score" requires a great history, which takes time. If a quick fix were possible, everyone would do it and credit scores would be worthless. Remember: creditors don't report when you pay; they report once a month, usually at statement time. Getting out of debt will boost those points associated with ability to pay, but getting a "great score" requires a great history, which takes time. If a quick fix were possible, everyone would do it and credit scores would be worthless.

Remember: creditors don’t report when you pay; they report once a month, usually at statement time.

]]> By: BriarKat http://www.qualifyforcredit.org/will-paying-off-half-of-my-credit-cards-improve-my-credit-score/7/comment-page-1/#comment-9 BriarKat Sun, 11 Apr 2010 06:12:17 +0000 http://www.qualifyforcredit.org/?p=7#comment-9 35% of your score is your reputation for on time payments. Your score will slowly start to rise after about 6 months of paying on time ALL the time. 35% of your score is your reputation for on time payments. Your score will slowly start to rise after about 6 months of paying on time ALL the time.

]]>