Credit Score Management » Will

How Much And How Fast Will My Credit Score Improve?

Alan — Sat, 27 Feb 2010 07:55:35 +0000

Here’s the background info:
Came to the US in mid-2001, opened my first credit account shortly thereafter.
Everything was going fantastic, making ontime payments, keeping my balance low, until mid-2004 when I hit a bump on the road, which resulted in several late payments on several accounts, a couple as late as 60, 90 days.
Picked myself up a bit, but have been only able to make minimum payments. Cards are maxed out, which is the reason for my score of 580, I guess.
Have about 4K in credit card debt, which I am plotting to pay down completely within the next 3 months.
How much and how quick can I expect my score to increase? When will it reach a respectable level assuming everything goes well from now on?
Thanks in advance.

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How Much Will My Credit Score Be Affected If I Was Reported To A Collections Agency Just Once?

Alan — Tue, 23 Feb 2010 08:20:01 +0000

My credit score was near perfect before this and I was reported just once for a small amount of $13. I am desperate and I have no clue what this will mean to me. Please provide some resources if possible!

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Will My Credit Score Be Affected If I Have A Negative On My Paypal?

Alan — Fri, 29 Jan 2010 08:11:16 +0000

Ive looked through all these forums, but i have not found a complete answer. I HAVE given paypal my social sec.# before, unlike many of the cases i’ve read about. Even though paypal is not a real threat with their fake collection agencies, would they be able to hurt my credit score? If you are not absolutely positive please dont answer this. Thanks

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How Soon Will My Credit Score Improve After My Debt Is Paid Off?

Alan — Wed, 27 Jan 2010 07:57:48 +0000

I am selling my house (it was an investment property that I am flipping) and using the proceeds to pay off credit card debt that I have incurred while redoing the home. After the house is sold all my cards will be paid off and the only things I will have to make payments on are my car and student loan. I was wondering how long it will take the credit card companies to say the credit report of their zero balance status? Can I question the credit card companies to report the paid off status to my credit report immediately? Also should I close most of these cards or close them? How should I choose which credit cards to close and which to keep open to keep a high credit score? ( I have never had a 30 day late on any of my cards) I want to do whatever I can to improve my credit score the most.

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How Much Will It Lower My Credit Score If I Break My Lease?

Alan — Sat, 07 Nov 2009 08:13:32 +0000

I have to break my apartment lease. I was living separate from my husband, and we are moving with a job transfer to a different city. My credit score is about 750-800. If I break the apartment lease, it will go on my credit report. How much will this lower my score?

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What Numerical Affect Will A Collections Report Have On A Credit Score?

Alan — Sun, 01 Nov 2009 08:25:42 +0000

If someone has a credit score of 750 and gets sent to collections what will their credit score look like? I want a numerical answer and not one of those “it stays on there 7 years” responses. I know that once you pay it off you can dispute it, how do you go about doing that?

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How My Credit Score Will Be Affected If I Do The Following?

Alan — Fri, 23 Oct 2009 11:43:59 +0000

If I apply for a new credit card (visa signature) but cancel my ancient visa card? If my current credit score is 750, what will be my score after doing so?

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How Will An Increase In Salary Affect My Credit Score?

Alan — Wed, 30 Sep 2009 08:07:40 +0000

I know that credit score isn’t necessarily based on income but here’s my situation. I have about 16,000 in revolving debt with a 600 credit score. My yearly income has recently increased 10 fold which obviously improves my debt to income ratio. How long after this increase should I see improvements in my credit score and by how much. Also what triggers the credit bureaus that this increase in income has occurred?

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How Much Will My Credit Score Go Down By Applying For A New Card?

Alan — Fri, 21 Aug 2009 09:44:03 +0000

I would prefer answers from people who work in the credit industry and can tell me roughly the number of points, and how long it will take for my score to recover once the new higher available credit kicks in…
I know part of your credit score is determined by how much available credit you have. I closed several cards a few years back before I knew it would hurt my score, and now I have very small credit available. I have brilliant credit otherwise, and pay off anything I charge the next month. But, I do have a balance I’ve been slowly paying down, and want to open a new card so that my balance takes up less of a proportion to my total credit debt.
How much will this ding my credit in the small term? And how long will the point drop last?

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