Lil M asked:
How can you raise your bad credit score even when you pay credit cards on time and have collection accounts on your credit
How can you raise your bad credit score even when you pay credit cards on time and have collection accounts on your credit
#1 by CatDad - January 5th, 2010 at 08:59
If you’ve had recent defaults, charge-offs, late pays, then you need to understand that you’ll have bad credit for at least 2 years after these major events have happened as your credit rating is most heavily weighted on what’s occurred in the past 24 months. After that time you’re credit rating will start to go back up.
- If you’re carrying large balance on your credit cards, pay those down and get them below 25% of your available balance. This can really help your credit score.
#2 by Linda - January 7th, 2010 at 22:07
has a lot of good information on credit score and how to raise your credit score.