Bipolar Disorder Support Group
Bipolar disorder is not just a single disorder, but a category of mood disorders marked by periods of abnormally high energy and euphoria, often accompanied by bouts of clinical depression. This is the place to talk about your experience with bipolar disorder, learn from others' experiences, and find support.
I just recently checked my credit and it seemed to be decent, but I was just curious I just paid off 3 credit cards will my credit score go up, or is the only thing they base it on, is how you make your payments and if they are late?
I am hoping my credit score will go up after I pay off those 3 credit cards.
I am hoping my credit score will go up after I pay off those 3 credit cards.
They say it's because most of my credit is close to maxed out.
So if you DO pay off the cards, you would want to leave them there with a zero balance...makes your debt to credit ratio better.
Ten or twenty years ago, it was strictly based on missed or late payments. But now it's based on your credit to debt ratio. Income doesn't even factor into your credit score. (unless you are getting a big loan/mtg, etc.)
What they look at is your max amount of credit line compared to how much you owe.
So say you have a 10,000 credit card limit, but owe 9000 on it...THAT'S what lowers your score. If you only owed $1000 on the same card, it would greatly increase your credit score.
Also, the credit scores you get online are not very accurate. I got my scores online and applied for a loan the same day, but according to the bank my score was over 100 points lower than the score I just got online from all three credit bureaus.
It's really stupid and sucks bigtime, but that's what they do.
This is why you would not want to close any accounts with zero balances...they help your score.