I am hopeing to have a big jump in m fico after I payoff all CCs and the 4 collections accounts I have.
In the event that I jump from a 515 to a 650 or even above a 700.. How soon do you think I can apply for
an AMEX or toplevel CC if one week i was 515 and the next week I am 650 or above.
A paid collection will NOT increase your score. The only way to increase your score is for the derogatory to disappear. Paid collections might look better on manual review, but will not increase your score. PFD is the way to go!
Before you pay for those CAs, try asking for PFDs. Paid or unpaid are still viewed as as a derog on your cr.
I made the mistake of listening to a few CA years ago when they told me if I paid it then it would no longer affect my CS. Luckily when I started lurking on here I learned about GW letters and got them all removed.