If you are referring to collection accounts paying them off in full will raise your score quickly, initially it may cause your scores to decline but in about a month they will start to increase.
If you are talking about collections start with the smallest ones and out of those the ones that are reporting most frequently. A $20 collection that is updating every month will cost more points than a $1,000 one that hasnâ€™t updated in 2 years.
Get something in writing from the creditor stating how much is required to pay it in full and also that they will report it to the credit bureau once it is paid. Then send your check with a copy of the letter, keeping the original letter for your file.
If you are talking about late payments on revolving accounts paying them off in full may actually hurt your scores if the account has a long history. Hope this helps, good luck,
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Paying off delinquent debt is the first step. That unto itself will not make your credit score jump though. The fact that the bad debt was ever there will stick with you for at least 7-10 years. The more time that elapses since the debt was last reported as late, the better. That will help gradually increase your credit score.
GEnerally, you should have 2-3 trade line with current ongoing activity and no late late payments/derogatory items in the last 12-24 months.
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