My credit card balance is over 50%. How long will it take my credit score to go back up?

Credit and mortgage advice Forums Consumer Credit Improve Credit My credit card balance is over 50%. How long will it take my credit score to go back up?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 8 years ago.



  • Author
    Posts
  • #342088

    Anonymous

    Hi. I recently just got my first credit card ever and used it to make a $ 1600 purchase. The credit limit is $ 3000, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.



You must be logged in to reply to this topic.

Register New Account
Reset Password