Comments on: How high can your credit score go up after being very low?

By: photoshop.artbosco

photoshop.artbosco — Thu, 02 Oct 2008 06:02:27 +0000

Thank you for your very interesting question!
Try to see the answer to this question at specialized sites!

By: bdancer222

bdancer222 — Sun, 28 Sep 2008 18:07:24 +0000

If those collection accounts have already been charged off and sold off to collection agencies, paying them off won’t help you score at all. In fact, initially it will lower your score. The older the item, the less impact on your score. When you pay off old debt, it becomes a current transaction and counts more in your score calculation.

However, creditors look at more than just your score. Paid old debt always looks better.

Get a copy of your credit report and start with the newest derogatory item and work back to the oldest. If you have single entry items like cell phone, medical, utility bills, negotiate a pay for delete. This will help your score but it doesn’t work as well for multiple entry items like credit cards. Collection agencies can only remove what they have reported. The original creditor’s charge off stays.

If the debt is over 3 years old, offer 25%; 2 or 3 years old, offer 50%; less than 2 years old, offer 75%. Lump sum gets the best deals. Any payment plan has to be short term.

Get any settlement agreement in writing and keep it, along with your payment proof, forever. Do not give collection agencies direct access to your bank account.

It will take a minimum of 24 months of consistent, on time payments to see your score improve.

By the way, FICO scores go up to 850.

By: www.californiacreditsolution.com

www.californiacreditsolution.com — Thu, 25 Sep 2008 10:35:47 +0000

As part of the FACT Act, you’re entitled to one free credit report from each of the three national credit bureaus every year. Many consumers like the convenience of ordering their free credit reports from
CaliforniaCreditSolution.com.

Look for innaccuracys which are hurting your credit score & report any names addresses or social security numbers which dont belong to you. Dispute all accounts you disagree with. If you want a free credit consultation of your credit report via phone or e-mail (Absolutly free No Strings Attached Privacy Protected non disclosure totally free credit analysis)
Click Here! I’d be happy to help or answer any questions or concerns!

After you’ve cleaned up your credit report, the key to rebuilding credit is to get positive information into your record. Acquiring new positive accounts is
just as important as deleting negative information. Here are some suggestions:

If your credit report is missing accounts you pay on time, send the credit bureaus a recent account statement and copies of canceled checks showing
your payment history. Ask that these be added to your report. The credit bureau doesn’t have to add this information, but often will.

Use credit to rebuild credit! The one type of positive information creditors like to see in credit reports is credit payment history. If you have a credit
card, use it every month. Make small purchases and pay them off to avoid interest charges.

If you don’t have a credit card, apply for one. If your application is rejected, try to find a cosigner or apply for a secured card — where you deposit some
money into a savings account and then get a credit card with a line of credit close to the amount you deposited.

See all your other Credit Questions answered here!

By: DAS

DAS — Tue, 23 Sep 2008 01:05:55 +0000

kat9375 is correct, but you should alway listen to comment negative and positive you can learn alot from this information. Don’t be so fast to dismiss this information. Also, you are on a forum, where you are asking us, so whether you pick one person’s answer over another one, we still get points and we still get our point across. Your road of recovery could take some time, so you will just have to do the right things, have patient, and be diligent.

Good luck……………………..

By: B

Sun, 21 Sep 2008 17:52:03 +0000

Its going to take about a year of on time payments for it to come up and it may only be a couple points, its not a quick process, Just pay everything thats on your credit on time EVERY time and that is all you can do.

By: Cat Lady

Cat Lady — Sat, 20 Sep 2008 13:00:31 +0000

I understand that the highest credit score is 840, and that you will have to keep paying your bills on time, with no late payments for at least one year, to be considered for a better credit score.

Good luck!

By: Bailey B

Bailey B — Wed, 17 Sep 2008 21:39:16 +0000

you can get much information in this website,stay a minute in website and check anyone link at a time,you can aslo get your answer in Google Search in this website, which has helped me alot

By: lynn

lynn — Sun, 14 Sep 2008 21:21:08 +0000

leave the ones in collections alone, every time you call them, make a pmt or whatever, it updates that and it sticks out more. just make your reg pmts to whomever and wait about 6 mos.

By: kat9375

kat9375 — Sat, 13 Sep 2008 17:57:30 +0000

Opening a new credit card account helps; you may have to get a secured card, but that’s how I improved mine was a secured card and a JCPenney card, and just kept paying my bills on time. Keep at it steadily and be patient…it may take a few years, but it WILL come back up.