Posts Tagged "zero balance"

Credit card paid in full but does not show zero balance

Dear Experian,

I pay my credit cards off in full before the payment is due, yet my report shows a 60 percent utilization ratio. Why is this happening and how can I prevent this besides getting more available credit or not using my cards?


How long it takes for a $0.00 balance to show in your credit report

Dear Experian,

How frequently is one’s credit record updated? If I paid off an old debt and want my credit report to reflect a $0.00 balance, how long does it take to show up? How can I speed along the process?


Removing negative information from your report

Dear Experian,

How do I get companies to remove negative remarks off my accounts? I also have an account with a zero balance that I paid off, and it’s still on my report.


Deciding when to close credit cards with zero balance

Dear Experian,

I am thinking about cancelling a few credit cards that have a zero balance that I don’t use but have a great payment history with. How will this decision on my part affect my credit scores?


How long does it take for paid off accounts to show zero balance

Dear Experian,

If I pay off all of my credit cards to a zero balance, how long does it take for that payoff to show up in an improved credit score? I want to pay off all of my cards and improve my score for a mortgage application.


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