How long after you pay off your debt will your credit score go up?

Answer Your credit score change depends on many factors, including the type of debt and other debts outstanding. The change will take place the next time your creditor updates the credit agency with your ... Read More »

Top Q&A For: How long after you pay off your debt will your ...

How Long Does It Take for Debt Settlements to Reflect on Your Credit Score?

Settling a debt can help you save a significant amount of money, but at the same time, it can hurt your credit score severely. Your score may not be affected immediately after you settle the debt, ... Read More »

Is Revolving Debt or Installment Debt Better for Your Credit Score?

While reviewing your credit report, you may notice some debts marked as "revolving" while others are labeled "installment". Although these types of accounts are very different, having both on your... Read More »

How to Eliminate Credit Card Debt Without Hurting Your Credit Score?

Owing a large credit card debt can hurt your credit score. If your debt-to-income ratio is too high, your score will be low. The best way to eliminate credit card debt without hurting your credit s... Read More »

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »