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THERE ARE ALOT FACTORS INVOLVED WHEN POINTS ARE ADDED UNTO YOUR CREDIT SCORE. IF YOU PAY OFF AN OLD BILL YOU CAN RECIEVE ANWHERE FROM 15-20 POINTS ADDED UNTO YOUR CREDIT SCORE. If by the term "old bill" you mean a collection account, then paying it off may not raise your score at all. Credit scoring software disregards the balance (or lack of) on a collection account. The fact that the account is in default PLUS the "date last reported" are what cause deductions to the score. So if this "old bill" had not been recently updated and you pay it, causing it to be updated NOW to reflect a zero balance; you may have just significantly harmed your score.

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โˆ™ 2005-11-08 15:47:55
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Q: How many points will your credit go up when you pay off an old bill?
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There is no direct amount of points that your score will drop. It is all based on your previous credit rating, the timeframe of last negative mark on your credit, the amount of time since charge off, and the amount of credit you have and how its has been handled.

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