Score Increase

[Anonymous]

My score has recently dropped due to usage on my credit cards. I have paid them off so they all have 0 balances - how long will it take for my score to bounce back?

[llecs]

If all being equal, then the score would change when the CCs report next to the CRAs. Most report the balance you had on the statement date.

[RobertEG]

Hi Homey.  The neat thing about %util is that it has no memory in current FICO scoring, whatsoever.

It may take a month or two.  OCs dont report daily, they report once a month.  Then the CRA has to receive and post the update.  Then, wallah, the old % util is gone from credit scoring.