The more quickly you pay it down, the sooner your scores will benefit. The time portion means that with the paydown, at the end of that time period your scores should be in *blank* range. (It's not clearly written, that's for sure.)
When you're on the simulator page, have you ever slid down and tried the other options? One option is "open a credit card with a ______ credit limit." My youngest actually got a projected score increase from opening another card. It could be though that the collections will keep that from happening for you.
edit: this was in response to your original post, not the second about the water bill collections
Message Edited by haulingthescoreup on
04-12-2008 09:33 PM
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007