What happens to your credit score if you pay off all your debt and never get another credit card?

October 16, 2011 · Posted in Improve Your Credit Score · 30 Comments 

I have a tremendous amount of bad debt. Almost 2000 dollars. If I were to pay it all off, would it raise my score or just keep it from getting lower? I have no intention of EVER having another credit card. My credit score is in the low 500s. What will happen if I pay off all debt and do nothing to raise my score?

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