tulu wrote:
I have a 580 score currently. I have SO much good credit...but I have a handfull (maybe 5 or so things) small, stupid stuff (electric company, ATT Uverse, Banfield pet hospital, care credit...nothing serious and no student loans/ judgements etc.) ...totalling about $3500 in collections. I am going to pay it all off probably over a 2-3 month period. Any ideas how long it will take to get my score up? I have heard just because you pay off a debt doesn't mean it shows up right away...? Thanks to any guidance you guys can offer!
Most reporters update monthly, so somewhere inside a 30 day window from the date of payment.
Bear in mind that the payments won't make the reported collections go away / drop off of your report unless you have some sort of PFD arrangement with the reporter and the reporter actually honors it. Otherwise, the reported items remain and continue to harm your score.
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