It can take several months to see scores increase after paying off your credit card. The account will be updated at the end of the billing cycle in which you paid off the debt. However, it will take longer for your credit scores to increase.
If you pay off your debt and immediately request your credit score, you likely won’t see a change in your score because your payment hasn’t yet been reported to the credit reporting companies. Alternatively, if it has been reported, you may see a temporary dip in your score because there was a change in your history.
Allow at least one to two billing cycles, roughly one to two months, for the credit card company to report that information to Experian and the other credit reporting companies. Another month or so will demonstrate that you aren’t going to immediately take on more debt. Once the account information has been updated and a new score is calculated, you’ll likely see an increase in your score.
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Scoped on: 3/30/2017