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

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: 11,007
Registered: ‎04-15-2011

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: 1,117
Registered: ‎10-31-2011

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: 1,313
Registered: ‎08-30-2012

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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