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I have a mid score of 568 and i have $1784 in bad debt on my credit reports.? |
If I pay off all of my creditors how many points will my credit score go up. thanks to all that answer. If you are about to pay creditors in full you should try a PAY FOR DELETION offer. Please be sure to send the letter to the appropriate CREDITOR via CERTIFED mail and PLEASE do not talk to your creditors over the phone under any circumstances. The number of points your credit score will rise if they accept and follow the pay-for-deletion terms is not readily determinable. However, you should notice an increase in your FICO score, when they fulfill their obligations under the agreement. See hyperlink below for form letter. Source(s): http://www.creditliberty.com/credit-repa... A debt is debt, pay it off and ask the creditors to send a paid off report to the credit bureau's , this will help increase credit scores, by how much, there is no way I can tell you, it is up to the credit bureau. credit scores are not an exact science. it will go up, but it depends how many tradelines are in that $1784 and how long it takes everyone to report them as paid. also, the scores will continue to rise as time goes, assuming you dont find yourself with more "bad debt". The most important thing in boosting scores however, is in establishing new credit... good, new credit. If you pay the debts also it will take some time for your credit to go up. You can consult with a debt consolidator for help if you want to do it first. To know more you can visit http://www.debtconsolidationmanagement.b... and http://www.badcrediteasyloans.blogspot.c... |
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