Find solution
How can I get my credit score higher quickly?

How does one get their credit score updated quickly after paying off credit cards?

  • Hi experts! I'm in the process of paying off my credit card debt in hopes of raising my FICO score before refinancing my student loans. I really want to get the loans refinanced ASAP as my monthly payments are currently absurd. My problem is that even though I can afford to pay my credit card debt off now, I know the FICO score won't update for 2-4 weeks. I've read on some other posts in this forum that one can make some calls to rush the credit report updating process, however I wasn't quite understanding who I should call and exactly what I should say. Do I call my credit card issuer or is there a bureau I should be contacting? Does anyone know of any other options besides calling that may be better? I really really appreciate your time and help...it will end up saving me lots of money! All advice is welcome and highly appreciated. Thanks, Curt

  • Answer:

    You can only get them to remove inaccurate information, and then you must wait. A letter from you will only be attached to your record. You may be correct, but the best you can do it to pay off now, and then when you know when your FICA is updated, then get the record of it and apply. This is like pushing on a string. You won't get anywhere. The credit bureaus are not equipped to respond to each and every phone call, except in the case of fraud or stolen credit or stolen ATM cards.

Curt F at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Unfortunately it will take time to reflect in your bureau since there are three main bureaus asides from your FICO score. TransUnion, Experian, and Equifax. You can attempt to contact them or get a free credit report to ensure it reflects all your payments. But the scores for all these bureaus are based on a very intricate algorithm that no one truly understands. It will take time for it to reflect your good behavior. Other things that help your credit score are to reduce your debt to income ratio, ensure you're at a lower utilization level than your historical maximum, don't open or close any accounts since age of trade line counts. You can always try 0% balance transfer to take some load off your student loans if the refi rates aren't optimal. God luck.

mrak

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.