Credit question.....?

Question

Do any of you know how long it takes after paying a bill that has been on your credit for it to go on your credit as positive. Will paying bills (like past bank accounts) help raise my credit score? Thanks

Answer 1

check out this site, http://www.cellsware.info/restorecredit . i believe they would be able to help you boost your score by about 10 to 15 points a week!

Answer 2

If these bills are showing on your credit file as derogatory items, paying them won't increase your score, unless you get the items deleted.  In fact, paying old debt will initially lower your score.  The older the item, the less impact on your score.  When you pay old debt, it's a current transaction and counts more in your score, including all the negative parts.

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

If you have derogatory items that are single entry things like cell phone, medical, and utility bills, negotiate a pay for delete.  You pay and they remove the item from your file.   This doesn't work as well with multiple entry items like credit cards.  The collection agency can only remove what they reported.  The original creditor's charge off stays.

Answer 3

You can use credit repair agency to fix your credit - for example this one - http://freecreditreport.sinfree.net - They can clean lots of bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.

Answer 4

Grab my free ebook - Credit Rescue - for answers to almost every question about credit you can ask. No email or sign up are required and no baloney either.

It's my gift to YA users.

Go here: http://jim-desantis.blogspot.com/2008/06...