Originally Posted by
mnscout
First thing first. What is your real (FICO) credit score? Since your credit situation has just changed, this is extremely important before diving in.
Originally Posted by
takeshi74
However long it takes for them to report. Generally card balances are reported at statement close but there are some that don't follow that schedule. Additionally, the CRA's can take a few days to update. I'd suggest using a CMS to verify your reported balances. I'd also +1 the suggestion to pull your reports and scores and ensure that everything looks good.
A variety of credit is beneficial. I'd suggest reading up on the basics of credit scoring as it covers all this sort of stuff and there are many resources out there. Here's one:
http://www.myfico.com/crediteducatio...yourscore.aspx
I was planning on running a current credit report. Last time I checked it was around 650 with my credit cards maxed out.
Should I run a credit report now so I can fix anything that I might have overlooked or should I wait a couple months for my credit to update with my credit cards being paid off?
btw it feels good not having credit card debt, should have done it sooner.