Question Details

Lynn Beck, Both Buyer and Seller in 37138

how long after selling my home does itake my credit score to go if i pay off my credit cedit cards? Carl

Asked by Lynn Beck, 37138 Tue Aug 19, 2008

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If you are working with a mortgage company, they should be able to asist you in a rapid rescore. Usually it is done monthly but can take as long as it takes the CC company to report you have paid. dont close or cancel the account, that counts against you.
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0 votes Thank Flag Link Tue Aug 19, 2008
Carl, it can take only moments to ruin your credit, but it may take months of good credit behaviour to build it back up.

Make sure you pay off your cards, and make any revolving payments, rent, electric, gas, etc... on time, and your credit will recover... but don't expect instant credit repair... creditors like to see a history of good, ontime payments, and it may take a year or more to see a decent recovery of your scores.
0 votes Thank Flag Link Tue Aug 19, 2008
Alan May, Real Estate Pro in 60201
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