2007-08-31 06:36:00 · 5 answers · asked by LiStEN<<<Is Retired!! 4 in Business & Finance ➔ Credit
If they are in collections or written off they will appear as satisfied, or paid but will remain on your credit report for 7 years after the last transaction. In other words if you have a 6 year old bill that is in collections due to fall off your report in the next year, and you pay it off tomorrow, it will then be one your report until 2014
2007-08-31 13:34:21 · answer #1 · answered by Pengy 7 · 1⤊ 0⤋
your score would increase. don't know what you mean by
"restored" but time is the best help to your credit score. Even if you pay the debt, the fact that you've had late payments in your past will still depress your score. as the amount of time since the late payments increases, your score will too.
2007-08-31 13:43:15 · answer #2 · answered by cashmaker81 6 · 1⤊ 0⤋
It depends if we are talking about past due debt or current debt. Check out the free evaluation form at the source website. They can help settle past due debt then likely get you into a free credit repair service. Good luck.
2007-09-01 09:48:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not that quickly. Only time can fully restore your credit rating. First you should pay any delinquencies, charge-offs, collections, etc. Then pay down any open accounts to half of the available credit limit. Then make payments on time. Better to keep some open accounts that you're paying to re-establish good payment history.
Good luck!
2007-08-31 13:41:50 · answer #4 · answered by Anonymous · 2⤊ 1⤋
it would help
2007-08-31 13:41:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋