You recently paid off one of your credit cards. What will happen to your credit score? Choose 1 answer: A Credit score will go up. B Credit score will go down. C Credit score will not change. C

Question

You recently paid off one of your credit cards. What will happen to your credit score? Choose 1 answer: A Credit score will go up. B Credit score will go down. C Credit score will not change. C

Answer 1

### A. Credit score will go up.

Answer 2

## Step1: Understanding the Impact of Paying Off Credit Cards### Paying off a credit card can affect your credit score in multiple ways. It can reduce your credit utilization ratio, which is a significant factor in credit score calculations. Lower utilization typically leads to a higher credit score. Additionally, it shows responsible credit behavior, which can positively impact your score.## Step2: Evaluating the Options### Given the positive impact of reducing credit utilization and demonstrating responsible credit behavior, the most likely outcome is an increase in your credit score.

Question

You recently paid off one of your credit cards. What will happen to your credit score? Choose 1 answer: A Credit score will go up. B Credit score will go down. C Credit score will not change. C

Answer

Answer

Explanation