Will paying off my maxed-out credit cards boost my 580 credit score?

[WolfeMoncrief]

I have a great payment history, with my last payment in December 2022. My credit score is currently 580. What's hurting me is high credit card utilization—I have five maxed-out cards. I paid them all off today. Will my score increase significantly?

 

[Cluckinator89]

You paid them off. You should be fine. As long as you have no collections.

 

[EpicGecko47]

Yes it will jump up in about 3 4 weeks