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Paid Off Credit Card with Capital One

New Member

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.
Message 1 of 4
3 REPLIES
Epic Contributor

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
Message 2 of 4
New Member

Re: Paid Off Credit Card with Capital One

It was using about 40% of the limit.  I just have two more to go.  WooHoo!
Message 3 of 4
Established Contributor

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
Message 4 of 4