I recently just paid off two cars. When I purchased the 2nd , my score dropped like 30 points. I recently paid off both but only one car has reported. The balance is at 0 and I was alerted about the change in my credit report but it didnt change my score at all. Is there a delay with this sort of thing or may there not be a score improvement?
Scorewatch is a little slow, but I averaged two alerts a month over a couple of years. I am in the "slow but steady - getting older and better" phase of my credit improvement, so this suits me just fine. I have had all the really dramatic improvements I am going to get (using the advice so freely available here )
The slide from grace is really more like gliding And I've found the trick is not to stop the sliding But to find a graceful way of staying slid
I purchased the report today and the score is still the same. I sure hope that there is some sort of delay. It showed up on the alert on July 26th, which was Friday. I would have to think that paying off the car would bump my score a little because it was hammered when I added the 2nd car and there have been no late payments.