@AAG1903 wrote:I'm new to this:-/ Trying to rebuild and establish credit...Numerous collection accounts on my husband and I's credit reports. Goal is to purchase first home within next two years.
To improve credit scores,
1) When, if ever, do paid in full collection accounts fall off report? 7.5 years from the DoFD of the OC they are collecting for
2) Should we pay other collection accounts, or just wait for them to fall off? (some will not fall off until 2017) I would only offer PFD to the ones that will still be on your reports when you apply for the mortgage. You also dont want to mess with them unless you can PIF if they are still inside states SOL.
3) When, if ever, will 60, 90, 120 days late payments fall off on non collection accounts? 7 years from the date they occured or by a campaign of GW letters to the OC asking for foregiveness.
Please help with any of these questions...any info is soooo appreciated:-)
