How many points will your credit score go up when you pay off a credit card of 1000?

Contrary to popular belief, racking up debt and paying it off is not the best way to build credit. The best way to building credit, is by using only a modest portion of your available credit… and then of course making timely payments.


In the end your credit score may increase as much as 30 to 50 points after paying off a $1000 debt. However, this will take some time, and your credit score may take 60 to 90 days to improve. The credit bureaus also take your debt-to-income ratio into consideration when calculating your score. The only way to achieve a tier 1 (score of 750 or more) is to have long standing payment history with both revolving (home and car loans) and installment (credit cards) accounts.
-The Black Bandito