As I understand, your credit score is partly calculated by how much you owe and your available credit. If an individual had no late payments on any cards, total available credit of 20K and 6K in debt, if that 6k is paid off right away, how long would it take for the score to go up?

How much does your credit score increase by once you pay of your car loan?

I just paid off my car load for the amount of $8K, how many points my credit will score increase

Your car insurance rates are based on your credit score.

How would you feel if the govt did that with the cost to your health care?
Primo– they do that in my State.

I recently purchased 9 books about how to raise your credit score and have recently paid off some student loans and credit cards…I have one student loan remaining and one small credit card balance…The ones I paid off were outstanding as far as being overdue…I want to know about how much my credit score adjusts with the payment of these debts after about 3 months once my credit reports reflect this…

Suppose you don’t have any credit payments/mortgages/loans etc. You have the only credit card and the only debit card. Suppose now you have a good or an excellent credit score.
Will your credit score get reset or fall down to average rating if you close your last credit card for several months?

This question is for experts only.

Thank you.

I am wondering if it is really worth the money to work with a credit repair company. Can they really improve your score or would I just be throwing money away?

We all have a credit report and scores. What or who determines what your score is based on your payments, and good credit/bad credit? Is it computer generated? Or does an actual person go in a make that determination?

I know you can get it free in the mail or over the phone.

But online with Equifax or Transunion(Canada), when you buy the instant credit report for $15(or however much it is), after you view it, do you have the option to see your credit score as well for the 7 or 8 dollars more? Or do you have to pay the whole $23 again to see your credit score?

My husband and i both have poor credit and we want to own our own home are credit is poor bc he was in a car accident and lost his job for a year and the medical and credit card bills went un paid due to this .but he has been working for over 3 years steady and now were paying down the debit .We would like to know if anyone knows of a anywhere that does bad credit mortgages .Were looking to buy a house in Spring Hill Florida .

I’m well aware if you have a car loan to buy a car, you can improve your score by making adequate monthly payments. If you decide to lease a car instead of buying one does it affect your credit score?