Credit Card Reporting Question

[roniram]

I just paid off all my credit cards (YEAAA!)  I was wondering will all my credit card balances update within the next 30 days?  I'm hoping my credit scores will increase based on my utilization going down to 2%.  Also, is it better to have 0 balances on multiple cards, and one balance, or small balances on multiple cards?

[Kenny]

0 balances on all but one.. 1-10% reporting on 1 card only.

[myjourney]

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@roniram wrote:

I just paid off all my credit cards (YEAAA!)  I was wondering will all my credit card balances update within the next 30 days?  I'm hoping my credit scores will increase based on my utilization going down to 2%.  Also, is it better to have 0 balances on multiple cards, and one balance, or small balances on multiple cards?

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Congrats on bringing your debts down IMHO you should see a score bump.

[09Lexie]

That's a nice accomplishment! As others have stated, for optimum scoring let 1cc report a balance with a total util of less than 10%