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will paying off closed credit card help my credit score

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Joined: 21 Sep 2009
jamielynnbonifant's page
Posts: 1

53 Magic Points

Subject: will paying off closed credit card help my credit score
Posted on Mon Sep 21, 2009 3:21 pm  

Me and my husband are wanting to by a house our credit score is 630 and we want to get it to 650 but we put our credit cards in cccs a year ago so all our accounts were closed we only have one card left to pay off and is balance is 2200 and it did have a 2300 credit limit before it was closed My question is will paying off this card help our credit score?
James Orr

James Orr

Joined: 07 Jun 2009
JamesOrr's page
Posts: 52
Location: Maharashtra

293 Magic Points

Posted on Tue Sep 22, 2009 5:17 am  

Hi jamielynnbonifant,

Always Close your credit card account after pay off it, otherviz i will effect badly on your credit score. As far as i know closing of paid credit card accounts will increase credit score with few points.

630 credit score is enough to get home loan, If you meets to other requirements of loan then you may apply for FHA loan (Federal Housing Administration).

Thanks & Regadrs.
Secure credit card will help you to improve your credit score faster.


Joined: 27 Jun 2006
carol's page
Posts: 1299
Location: Los Angeles, California

30054 Magic Points

Posted on Tue Sep 22, 2009 5:18 am  

Hi jamielynnbonifant,

My question is will paying off this card help our credit score?

Yes of course it will. The best way to improve your credit score is to be regular on your payments and most importantly pay off a debt. So, pay off the debt and see a steady rise in your score.
Keep in touch


Joined: 17 Jul 2006
Justin's page
Posts: 1238

28944 Magic Points

Posted on Tue Sep 22, 2009 7:24 am  

Hi jamielynnbonifant,

Yes, it will definitely be helpful for you to pay off your debt. Your credit score will increase considerably after you do it. It always helps to be regular in paying off the credit card bills.
All the Best Smile

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

955 Magic Points

Posted on Wed Sep 23, 2009 5:40 am  

Any debt you owe if you clear it off it will have positive effects on your credit report

Subject: Credit cards arreas
Posted on Tue Sep 28, 2010 7:41 pm  

I didn't pay my credit card on time.I got to credit cards arreas.It's about 500,not a lot.If I will pay this off,will I be still able to get mortgages?Let say next year?Will I be able to erase that default notice about arreas?Or this is going to affect my credit score for rest my life?


Joined: 08 Feb 2010
Aaron's page
Posts: 2632

48565 Magic Points

Subject: credit card areas
Posted on Wed Sep 29, 2010 12:06 pm  

Hi Michelle,

If you pay off the credit card dues it will help you in improving your credit score. You can remove the negatives by negotiating a "Pay for delete" agreement (PFD) with the creditors or collection agencies. However, not all creditors and collection agencies agree to PFD.

In that case simply check the status of your account on your credit report. If the account status gets updated as "Paid", then its well and good. Otherwise you will have to dispute the status. With time the negative effect will lessen.


Keep in touch Smile

Subject: eUdgjNhGhDjDhvmJb
Posted on Wed Aug 06, 2014 12:02 am  

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