Reply
New Member
soonergirl2002
Posts: 5
Registered: ‎04-02-2008

Paid Off Credit Card with Capital One

I have paid off one of our 3 credit cards we have.  This one was with Capital One.  Will this help our score much are even make a difference.  It was not a collection account.
Epic Contributor
Creditaddict
Posts: 20,831
Registered: ‎10-23-2007

Re: Paid Off Credit Card with Capital One

if it was over 50% util before and now it's 0 it will help a lot. should help no matter what that 1 account is reporting 0. just varies how much it will help
Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
New Member
soonergirl2002
Posts: 5
Registered: ‎04-02-2008

Re: Paid Off Credit Card with Capital One

It was using about 40% of the limit.  I just have two more to go.  WooHoo!
Established Contributor
Shnapple
Posts: 837
Registered: ‎02-27-2008

Re: Paid Off Credit Card with Capital One

You'll definitely see a score increase - let us know how much!
FEB '08 FAKOs: TU 628 | EX 650 | EQ 584
JAN'09 FAKOs TU 686 | EX 705 | EQ 664
EQ FICO: FEB '08 646 | APR '08 678 | SEP '08 679

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}