Credit5 min read
What Actually Happens to Your Credit Score When You Pay Off Debt
Paying off a card usually helps your score. Closing it afterwards often does not. The difference catches people out, and it is worth understanding first.
Utilisation, score factors, and what actually changes when you pay something off.
Paying off a card usually helps your score. Closing it afterwards often does not. The difference catches people out, and it is worth understanding first.