I pay my bills on time and I have a good length of credit history. Any late payments showing are nearly 7 years old. My FICO score is suffering due to the amount of credit I have.
My scores have fallen rapidly due to the amount of credit. I am about to pay off approx 35,000 in credit cards and loans. My question is how long will it take my score to rise from 599 area up to the safe levels where I can purchase a home with a decent interest.
Not taking out any other debt just paying off practically the whole kit and kaboodle. You say it should rise within a month?
Another quick question, how do I get a 6 year Dillard late payment and a 6 and a half year Capitol One late payment off my record. Will they both fall off at 7 years?
Lates that old should not be hurting you. I sent a GW to Dillards for one oldie and they removed it without a problem. I've heard *good* and *bad* luck with Cap One.
Thank you so much for your answers. I am really excited about buying a new home soon when that score goes up. I should have my bills all paid off by the end of the month and I hope to watch FICO go up.
