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Credit Scores Q&A

Q: I've been slowly paying off a large credit card balance. When will that be reflected in my credit score?
A: Typically, credit card issuers report monthly, so there may be a delay before your credit score catches up. Once the credit reporting bureaus update your credit file, they will take into account your zero balance when calculating your score. A decreased balance improves utilization, the proportion of available credit you're using, which the credit reporting bureaus use to calculate your score.
Now that you know more about credit scores, sign up for TransUnion Credit Monitoring today and receive your credit report & score.
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