Pay off

[laryn41]

If I were to pay off $8000.00 of my $9000 cc debt  how high do you think my scores would jump. Also, I am doing it today so how long before they report.

Thank you all so much.

[Anonymous]

From fairly recent personnal experience (August), Your score jump from paying off CC debt will depend on how much UTL that 8-K is and how many CC that 8-K is spread across,

The more cards with balances you pay off will net you a higher bump, I jumped 30-points from paying off 19-K (w/30% total UTL) across 4 cards, I only left a BT on a CapOnecard.

When the new balances report, depends on the issuer, My  BofA/CapOne (those are the only cards I currently have reporting a balance) report less than a week after the statement post.

[laryn41]

i am paying off like 90%

[oracles]

I always say, 1 pt for every % and it is around that figure. Also it depends on what bucket you are in. But my guess would be 80-95 pts.

please keep us updated on the actual amount

[marty56]

IMHO $8190 would give you the best result assuiming that only 1 CC is left with a balance.