I am embarrassed to say that I have 2 credit cards maxed out and one that is like $400 over the limit. Needless to say, my FICO score is horrid. If I paid those accounts to well below the cc limit, how fast, and how much would my score likely go up? I know you can't give me a "number", I am really just looking for opinions or experiences. Would it take months and months?
I think it would take 2-3 months for it to be reflected on your credit reports, as long as all of your issuers report to all three CRA's and do it more frequently than once a quarter. With Equifax, it may take a bit longer, b/c I've found them to be soooooo slow when it comes to updates from creditors.
