Hi Guys-
I monitor my credit using freecreditreport. They provide credit simulator tools with their subscription service that I find very useful. Nonetheless, earlier in the year I becuase late on my sallie mae student loans (120 days) and my scored took a big hit. Since then, I've made 6-7 months of on-time payments ( advised by the score simulator), however have not received an increase in score (571 to 628 according to the simulator). In addition to past late payments, I also have 3 outstanding collection accounts. Could these be the problem?
I'm extremely disappointed now and looking for solutions. I thought paying off collections wouldn't help your credit? I've gotten most removed with PFD or DVs, however the remaining 3 DC have stated they will only mark each file as "PAID" . Should I simply wait it out at this point? Will 12 months of on-time payments work?
Any help is appreciated!
