Rebuilding credit

[w121jld]

Is it possible to have a 650 credit score with 1 collection, 2 charge offs, and 3%  ccutil? With 2 instalmment loans paid on time for 15 months

[Burned2manybridgesB4]

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@w121jld wrote:

Is it possible to have a 650 credit score with 1 collection, 2 charge offs, and 3%  ccutil? With 2 instalmment loans paid on time for 15 months

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Depends on how long the COs, and CAs have been dormant or actively updating; age of CCs, AAOA overall, and types of installment loans.

*edit: ....and if the COs show balances.

[TheClub]

Yes, it is possible. It truely depends on how active your potentially negative items are.  

[myjourney]

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@w121jld wrote:

Is it possible to have a 650 credit score with 1 collection, 2 charge offs, and 3%  ccutil? With 2 instalmment loans paid on time for 15 months

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Yes it's possible.

It takes time/aging allowing things to fall off CR's while establishing a new pattern of good payment history.

The process can move even faster through GW's, PFD and making sure UTL is always low.