My credit score is 530. How long will it take me to get it over 600?

Question

I just got my FIRST credit card. If I pay it off every month for 6 months will this take up my credit score drastically? How many points do you get for each outstanding debt you pay off?

Answer 1

As long as you keep it up, your credit will be a solid 700 in a year. I've done the same as you, plus I got a cell phone plan to build credit with too-- I hardly use the phone and the card, paying on time, and my score improved rapidly.

Answer 2

it doesn't make any good if you pay it off every month. try to keep balance of 30% and use your card more often.