I just payed this collection off with Capital one for the full amount. On credit Karma it shows as closed and 101% ussage, on experian it shows $302 balance with credit limit $300, usage 101% status negative. Will I see any increase or decrease in my fico and vantage score since I have payed this account off? Will it also take like 30 days for Capital one to update my credit file? My Credit Karma and Experian wont update again untill atleast next week.
It takes a minute for Cap One to report positive payoffs, but a second to report anything negative. I paid off $5,000 on my 2 Cap One cards, and have been waiting 45 days for them to update my scores. But be patient, don't use the card, it will update eventualy.
