Established Contributor
Posts: 777
Registered: ‎01-10-2011
Re: trying to get bad credit under control and turn it into good!
[ Edited ]

Paying on collections will not raise your score at all. But paying them will keep from further negative from possibly showing up (lawsuit, CA sold to another CA ect) 

You need to find out who owns the debt. CA or are they just collecting for OC? Deal with OC if possible. Find the DOFD and the SOL in your state, pays those still in SOL first..  Any collection you pay always try to PFD and if they agree get it in writing. I would also research on these boards the CA's and see how others have dealt with the. Sometimes you can get the golden contact info and get the item deleted.

For husbands medical debt research "HIPPA" letters/process


Paying down your current CC balances will give score increases, paying CA's won't and I don't think paying down the loans will either( but not %100 sure on how those are scored).

While paying the CA won't help your score, it will keep them from possible hurting you later during the Mortgage process, and many lenders will require them to be paid before closing on a mortgage. Personally I would tackle the CA's first, make on time min amounts payments on the open accounts. Again PFD as much as you can.


I would suggest "opting out" with  the CRA's until you purchase a home. Also make sure you are looking at Fico scores and not Fako's




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