interested to see what happens

[tbtlend]

have a 710 score and just paid off (but did not close) $19k in revolving cc debt. the payment record on the debt was perfect and over a long period. My score was affected by some state tax liens which i paid off years ago. I also just moved my family plan from Verizon to AT & T and AT & T did check my credit (even though I've had a land line with them for 30 years and never missed a payment and basically screamed at the At &t rep about it - so sue me I wanted an I-phone).

I'm anticipating all this to hit and update at month end.   Paying off debt balanced against a new inquiry?  Whats my score going to do?. Inquiring minds want to know?

[llecs]

Where did you get the score from and which CRA is it? Was your score 710 before you paid off the debt?

In paying off the $19k, does this mean that you have $0 CC balances? Congrats, BTW.

What was the total CLs in association with the balances?

Not enough info to predict a change based on the balances alone. Score change is based on the individual balances in relation to the CLs. For example, if you had $190,000 in CLs with $19k in balances, then you might see 10 points. If you paid off $19k in balances against $19k in CLs, then you may have gained 100 points.

[Anonymous]

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@tbtlend wrote:

have a 710 score and just paid off (but did not close) $19k in revolving cc debt. the payment record on the debt was perfect and over a long period. My score was affected by some state tax liens which i paid off years ago. I also just moved my family plan from Verizon to AT & T and AT & T did check my credit (even though I've had a land line with them for 30 years and never missed a payment and basically screamed at the At &t rep about it - so sue me I wanted an I-phone).

I'm anticipating all this to hit and update at month end.   Paying off debt balanced against a new inquiry?  Whats my score going to do?. Inquiring minds want to know?

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Are these public records still reporting?

[RobertEG]

The new inquiry should be no more than 10 pts, and will go away after one year. Not significant.

As has been said, your overall % util will improve, but how much depends on the CL on that card. 

It also depends on your % util of other cards, for FICO scores overall % util, and % util on indiv cards, as well as the percent of cards carrying balances.  If you have another low CL card, such as a $300 CL HSBC, and have it charged close to its limit, which is easy to do, your gain in utilization might be almost entirely offset. 

It is not a one change game.