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If I pay off my credit card $5000 in the next 6 months - I finally graduated and earn $100K+- how long before?
18Jun2008 Filed under: CreditQuestion:
it is reflected on my credit score?
Answer:
When you pay off an amount that high, for one it will improve your utilization and that alone will help raise your credit score. How long will it take to improve your actually score? One factor is when the credit card company updates your credit report to show no balance. Usually it does take a month or two for your actually score to go up.
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