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Does your credit score go up after you pay off outstanding debt?

Answer:

Yes, but only if it is with the original creditor and not a collection company.

First answer by Stevenjomama. Last edit by Stevenjomama. Contributor trust: 17 [recommend contributor ]. Question popularity: 1 [recommend question].

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If you pay off all debts on the credit report will your score go up?
You didn't really explain what you mean by "all debts". Paying down (or off) your revolving debt CAN cause your credit scores to increase. Paying off bad debts, like collections and charge offs...
How do you get your credit score to go up?
There is no real quick answers to improving credit scores. There are specific things you can do to improve your credit score. Some take time, some are instant. I recommend the following in order:Fix...
How much will score go up after paying off debt?
This is a sliding system where paying off a small debt means little and paying of a large debt for a person with a bad score would mean a bunch.
Can you go to jail if you do not pay off your credit card debt?
(in the US) No. Such a default would be a violation of CIVIL law not criminal law. You cannot be jailed for violation of civil law.
After paying off a debt collection does your credit go up?
Yes, if you have a bad debt reported to your credit listing and unpaid balance this hurts both your credit rating along with your balance between debt-to-income if you had been considering purchasing...