How long does it take to get your credit score back up after paying all debts?
August 29th, 2010 | 
Author: I’m going to pay all of my debts off in the next two months. Will my score go back up immediately or does it take more time?
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If you have any lates showing, you can send a goodwill letter to the creditors asking for a GW removal of the lates (especially if it’s only a 30 day or something like that). They do not have to remove, but chances are, if you have a long, good history with them, they will oblige you.
You never know unless you ask!
It will not dramatically "shoot back up" by itself until you establish a new positive credit history.
Depends on what debts. If these are derogatory accounts, paying them off will not improve your score. The damage is done and will remain for the balance of the 7 year reporting period, whether paid, settled, or unpaid.
If these are credit card balances of more than 30% of your limit, paying them off will give your score a quick boost.
If these are installment loans, paying them off won’t make much difference. Installment loans build credit by making the payment over time. Paying them off early does nothing to improve your score.
You need at least 24 months of consistent, on time payment history to see improvement in your score. If you don’t have current, open accounts, get a credit card. Use the card and pay the balance in full every month.
It starts to go up within 1-2 months. However, if any of the debts were paid late, it goes up slowly and remains low (just not as low) for up to 7 1/2 years. It only becomes normal immediately if all the debts were paid on time.