What would happen...

[berlinlife06]

if I pay off ALL my credit cards at once and I would owe NOTHING... how does that affect my credit? Will that be a good thing for "credit ranking"??

[trickrtreat]

I think that would do it, berlin. You certainly couldn't go WRONG by paying them all off.

[SageMother]

Your rating would probably be excellent, and you would receive offers from everyone and their brother for new debt opportunities.

[echos]

Wrong, it takes about 18 months for your rating to show, that you have indeed paid them off. They are sneaky, when you pay them off, if you do not keep real good track, you may get stuck with more credit and a new card, that they won`t take back. happenend to me.