How much could my score improve in the next few months?

Question

My score is just around 600. I have just paid off 3 collections, a charge-off, two judgments...(all of my bad debt), and I have two credit cards (6 months old with low balances), and a secured loan for 1000 with a balance of 900. Will paying off all my bad debt help my score anytime in the near future?

Answer 1

Paying off your debt and helping lower you debt to income ratio is the only thing I can think of to raise your credit rating.

If you have credit cards, don't cancel them, it will lower your score. Maybe lower the credit limit but don't cancel them unless they are just terrible.