I have been working very hard to repair my credit after losing my job nearly forced me to declare bankruptcy 3 years ago. had quite a view late payments but I've paid most of my balances down to less than 50% if not zero. However I currently have 2 charge off on my credit report(s). One is a car loan and the other is a personal loan. The total charged off amount was about 23,000. In the last two years I have paid about 19,000 on both loans. One is paid and the other has a principal balance of about 4,000. I am working with the creditor to have them changed from charged off to paid/paying as agreed as part of a final settlement. Does anyone have any idea how many actual points on your credit report charge offs are "worth"? Meaning if my credit score is currently 600, and I get these accounts changed from Charged off Paid, to Paid/Paying as Agreed with no charge off listed, how many points should I expect my score to go up for each considering the type of accounts they are?
2006-10-10
15:58:39
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5 answers
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asked by
Tamara T
1
in
Credit