Asked by todd  |  Submitted May 27, 2018

I have five credit cards that I recently paid off. As of May 23, 2018 my credit score is 629. When will I see a raise in my credit score?

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  Answers  |  1

May 28, 2018

Congratulations on paying off your credit card debt! Your balances should be reported to the credit bureaus on your next statement closing date. It may take a few more days for the bureaus to update your credit reports. If you want to see your score go up even more, keep your paid-off credit cards open. Closing old credit card accounts will raise your credit utilization ratio and lower the average age of your credit accounts. Both these factors could harm your credit score.

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