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Will Credit Score Rebound

By Terry Savage on June 03, 2019 | Credit/Debt

Dear Terry,
We were left a gift of money and are using it to pay off thousands of debt. Our credit score is not very good, so we are excited to see it rebound. Will it happen soon?

Terry Says

Yes!  And it will rebound even more if you go several months without a balance!  So don’t think that just because you paid off those cards, you can start carrying a balance again.  They’re watching for that!  If you do use the cards, pay them on time and IN FULL.  That’s the most helpful thing you can do at this point to boost your credit.

Go to CreditKarma.com to check your score — every two weeks or so.

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