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Credit Score in 20018 : Real Estate Advice

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Thu Apr 1, 2010
Scott Godzyk answered:
Unfortanately it will not increase at a rate that will dramaticaly matter. The charegofs although paid will still appear for 7 years. Where it will help is when account managers look at your whole credit picture, a apid chargeoff is better than one not paid, so it will assist in the big picture but not in increasing your score greatly. When you negotiated paying, you need to negotiate how they will report to teh credit agency. Different companies will negotiate different things while others wont touch existing items that have already been posted. To increase your score keep paying everything on time an dkeep any balances below half of what your credit limits are. good lcuk ... more
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