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If someone pays off a truck loan and 2 credit cards,how much would that raise their credit score?

  • February 27 2014 - US
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Answers (1)

This is a tricky question - how long were the truck loan and credit cards open? Were they ever late?

Assuming these were all open at least a year, then the score can improve 20-40 points. Do you have other items that are still open on the credit report? Are there any other lates?

There are 175 criteria that impact scores, so paying off the debt is only part of what impacts this.

If the loan and credit cards were newer than 1 year, then the score is not as likely to improve the same.

Good luck!
  • February 27 2014
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