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Paying Off Debt


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I have roughly $2500 left of revolving debt... To make a long story short, I'm moving cross-country and I was thinking about selling my motorcycle to pay off the debt I have and start fresh.

Presently my FICO is around 560 averaged between them. I presently have myfico.com, and was playing around with the FICO sims, and noticed a big difference between paying off the debt immediately versus paying it off gradually over several months. Paying off my debt immediately did not change my score significantly, but paying it off over 3,6, and 12 months my score went up to almost 700.

I am curious as to how my score would increase if I paid in full immediately. That would depend on whether or not I should sell the bike, pay off the debt, or keep making payments like I'm presently doing.

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