Can paying off debts on your credit report actually increase your score?

I've recently paid off about seven creditors on my credit report (all within two years of reporting). Does anyone know if that does anything for my score?




Can paying off debts on your credit report actually increase your score?
absolutly....although the american dream is having debt....you should always pay those credit bills as soon as you have the money...and trust me your score WILL go up





I've had good info about it here:





http://credit-report-score.10001mb.com





Hope that helps.



Reply:Yes, pay off debt!





You can build your credit without going into debt. Here's how:





1. Borrow at least $5,000. just to hold it on deposit, and not touch it. If you agree to just hold it on deposit, you can borrow it from creditloader.com with NO CREDIT CHECK.





2. Make payments on the loan for at least 6 months.





3. Give back the deposit to pay off the loan.





When you are done, your credit will show that you borrowed $5,000., were able to make payments on it, and paid it back ahead of time. THAT'S HOW TO BUILD SERIOUS CREDIT.



Reply:


By google to collect some related information or you may try using answer engines like yahoo answer or yedda.com to get some related ideas.nonetheless,If you prefer some direct resource,here http://www.DebtFreetips.info/debt-free.h... is a good one from my own experience.



Reply:Of course it will improve it! Run your fee credit report. It took mine a few months to a year to reflect all the improvements.
Reply:If you did not get a pay to delete in writing will not affect your score at all, will just say paid or satisfied. Then again you did reset the 7 year reporting period
Reply:it will improve it but could take 3-6months to see the improvement