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lw1
New Member
lw1
Posts: 6
Registered: ‎06-28-2012
0

Settled.

OC Dofd Feb 2007. CO first report date Aug 2011. Settled with CO 2days ago. Will credit score do down? If so, how much? Trying to rebuild credit to buy a house in Feb 2013.

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Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Settled.

Hopefully it won't go down, maybe go up a bit.  Funny how these work sometimes.  You'd have to have that paid off for your mortgage anyway.  Now you need to GW that paid account!


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Valued Contributor
beb86
Posts: 1,115
Registered: ‎10-31-2011
0

Re: Settled.

It shouldn't go down but you will have a HUGE black mark on your CR

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Valued Contributor
madmann26
Posts: 1,442
Registered: ‎08-30-2012
0

Re: Settled.

The CO is being factored into you utilization and killing your score. While it will help you score, like others have said, there will be a black mark.


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