I am paying off old charge off accounts, will this have any impact on my credit score. In addition, I had judgement placed in 1999, I paid it in full 10/2000. It should have been removed in 2007. Once this is removed, shouldn't my score improve? I have paid off 4 charged-off accounts this year. I live in Texas and these accounts, not all were paid delinquent when I divorced in 1997.
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it should help some. but if you have new current good credit, which one has to have, to have good scores. Not more than 20+ points.
get and keep new good credit.
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What do you mean, " not more than 20+ points?" Do you mean that paying the old bills will only increase my score by 20 points or new good credit will increase by 20+ points
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what is your score now
do you have 3 open rated lines of credit now
I mean if you have good credit now and the charge offs are more than 2 years old your credit score should be pretty strong already
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I do not know my score. I have not checked it since 2000. I am sending for it this month, and yes I have 3 open rated lines of credit.
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One should know the score and have a copy of the report
Good.
You are on the right track.
Negotiate with and pay off old charge offs. Vaildate any duplicates.
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Well, I got a copy of my score and it is 589. My plan is to pay down my balances, and pay off accounts. I am currently paying accounts, but these accounts have already been charged off, but I have an obligation to repay. How long will it take me to raise my credit score to 650. I want to purchase a new car, hopefully in June.
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I would dispute some old stuff and hope
paying something off will help you greatly
june is 9 months from now.
with 3 open rated lines off good credit, some paid, some removed, 650 is reachable. Of course I never know for sure till I do it.
You can. Go for it.
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I was looking over old emails
and
your score could jump way over 20+ points and
could go up to 650
if
you keep 3 open lines of credit that are reported to bureaus and owe less than 80% on the credit limit of each.
Validate legally / then / Negotiate any old bad credit Read this page
be sure to negotiate with original creditors.
be sure to validate any duplicate charge offs
like a collection thats is also reported from a credit card or hospital or utility.
This is the right answer.
Sorry for the mumbo jumbo
Friday, December 14, 2007
Paying off old charge offs and a judgement. My credit score
Posted by
OskieGuy
at
3:02 PM
Labels: debt validation, judgments, paid in full, pay in full, pay off, raise credit score, remove judgment
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