How is one supposed to know how much you have to pay in order to improve your credit score?

For instance... I%26#039;m currently 597, which is considered poor. The scale states I need to be at 620 to be considered fair. I have two credit card bills that I%26#039;m paying off, one is $3000 and one is $2000. So in order to get those 24 points to be %26quot;Fair%26quot;, how much money do I need to pay on these bills? Like if I pay $500 on the $3000 bill, will that give me the extra 24 points?

I don%26#039;t understand how that works. Is there like a scale somewhere that shows how much you have to pay in order to get X amount of points?

How is one supposed to know how much you have to pay in order to improve your credit score?

No. The fair isaac formula is not published.

In short, the best way to improve your score is to have a record of good on-time payments, low debt to income ratio, and not a lot of open credit.

Pay your bill on time every time. And use credit only when you must.

Stop worrying about some SCORE and start thinking about your financial postion and your peace of mind.

Pay that debt off !!!!!! What happens if you lose your job tomorrow? Your credit would go in the crapper.

LIVE DEBT FREE!!!

www.daveramsey.com

How is one supposed to know how much you have to pay in order to improve your credit score?

Part of your credit score is based on your debt to available credit limit ratio. If you use 50% or more of the available credit on your credit cards, you are killing your score. Pay the credit cards down to less than 30%. Better yet pay them off completely and only charge what you can pay in full each month.

You improve your score by having a consistent, on time history of at least a year.

How is one supposed to know how much you have to pay in order to improve your credit score?

bdancer222 is right. Remember that credit cards make up 30% of you fico score.