Hello. My score is currently 692 and just yesterday I paid off my one account that was sent to collections. Will this improve my credit score and how long will it take for my score to go up? What can I do to improve my credit score. I am 25 and live with my parents to save up to buy a house but with this score I am afraid I will not be able to get a good rate so I just wanted to know how I can increase my score? Thank you for your help.