Paying off a deliquent account does effect your credit score, it may take awhile to show up, could be 5 or 6 months. As to the points my guess if this was the only negative it would be 25 or likely higher.
2006-10-31 07:17:19
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answer #1
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answered by roger w 2
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Hi, if you get a letter stating they are no longer collecting on this account and it can be deleted, you can forward this to the 3 major reporting agencies. It may come off all together but you will have to work hard to get that letter. It can increase your scores in as little 3 months if you have plenty of other open and active good trade lines with balances under 50% of the high credit limit.
2006-10-31 09:00:04
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answer #2
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answered by Jasøn 1
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Dude,
Listen carefully: pay it off as soon as possible, preferably today! If you knew anything about credit ratings, you'd know that delinquent accounts cause the worst damage. Good luck.
2006-10-31 07:02:19
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answer #3
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answered by rmcgee20002 3
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It probably won't go up at all - maybe a little but chances are it won't. Time is about the only thing that can really help.
2006-10-31 06:39:39
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answer #4
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answered by ksmpmjoll 3
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i don't know exactly, but your credit's already a mess with a delinquent account, you can't erase that
2006-10-31 06:40:06
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answer #5
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answered by Jen 4
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