Newbie with questions

[phoenyx]

Hello! I'm in the process of cleaning up my CR. I'm down to the last couple thousand and can see the light! How long will it take for me to see an increase in my FICO score? I am fully aware that this is a very lengthy marathon and not a sprint but I am just curious Any information is greatly appreciated. Thank you.

[Burned2manybridgesB4]

Depends on what type of baddies you're dealing with. How about a summary, so others can see the damage, and input on your situation?

[dodfire]

What does your report look like...? Good and Bad.

[LIGHTNIN]

Hi and Welcome to the forums,

Some things about collections, if you have them......

Paying a collection is not help a credit score, but it does help when lenders see it on a manual review that a debt is paid.

 .
Paid is the same as unpaid, $5 debt the same as $5K debt. Recent collections can hurt a FICO by 80-100pts in the beginning,then they tend to hurt less and less as time going on.
I would suggest working on the most recent CA first, because they are the ones hurting your CS the most.

The OC and a CA can both report on the same debt.When a OC reports a past due debt, it dings your CS(credit score).
Then if a CA reports on the same debt, it ding your CS even more.

Debts are either assigned to a CA or sold.If assigned the OC still owns the debt.
If sold, the OC changes the balance to $0 and the CA is the one you have to deal with.

 If you have unpaid CA's , look at using the PFD Letter and on the paid CA's try using the G W letter.