https://ficoforums.myfico.com/t5/General-Credit-Topics/New-with-questions/m-p/20138#M14022 <DIV>I've done a lot of searching and have to admit I'm quite overwhelmed right now.</DIV><DIV>&nbsp;</DIV><DIV>In March 2005 my credit score was a measly 500. I paid off a lot of debt - some collections, some cc's, etc. About $6000 worth.</DIV><DIV>&nbsp;</DIV><DIV>I got a car loan and have not had one late payment on it.</DIV><DIV>&nbsp;</DIV><DIV>I paid off my undergraduate student loans this April (still show on my credit report with the balance, though).</DIV><DIV>&nbsp;</DIV><DIV>My questions:</DIV><DIV>1. How long will it take for the student loan to show as paid? Will this help or hurt?</DIV><DIV>2. I had never heard of a GW letter prior to looking at this board. Is that something I could try with the accounts I paid off&nbsp;back in 2005? Is it something I can only do if there was a proven error, or does my stupidity as a young person count?</DIV><DIV>&nbsp;</DIV><DIV>I'm glad I found this board. I've been working very hard to increase my credit.</DIV><DIV>&nbsp;</DIV><DIV>Thanks, in advance, for your help and patience with me as I learn my way around here.</DIV> Wed, 20 Jun 2007 00:09:59 GMT Anonymous 2007-06-20T00:09:59Z https://ficoforums.myfico.com/t5/General-Credit-Topics/New-with-questions/m-p/20138#M14022 <DIV>I've done a lot of searching and have to admit I'm quite overwhelmed right now.</DIV><DIV>&nbsp;</DIV><DIV>In March 2005 my credit score was a measly 500. I paid off a lot of debt - some collections, some cc's, etc. About $6000 worth.</DIV><DIV>&nbsp;</DIV><DIV>I got a car loan and have not had one late payment on it.</DIV><DIV>&nbsp;</DIV><DIV>I paid off my undergraduate student loans this April (still show on my credit report with the balance, though).</DIV><DIV>&nbsp;</DIV><DIV>My questions:</DIV><DIV>1. How long will it take for the student loan to show as paid? Will this help or hurt?</DIV><DIV>2. I had never heard of a GW letter prior to looking at this board. Is that something I could try with the accounts I paid off&nbsp;back in 2005? Is it something I can only do if there was a proven error, or does my stupidity as a young person count?</DIV><DIV>&nbsp;</DIV><DIV>I'm glad I found this board. I've been working very hard to increase my credit.</DIV><DIV>&nbsp;</DIV><DIV>Thanks, in advance, for your help and patience with me as I learn my way around here.</DIV> Wed, 20 Jun 2007 00:09:59 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/New-with-questions/m-p/20138#M14022 Anonymous 2007-06-20T00:09:59Z https://ficoforums.myfico.com/t5/General-Credit-Topics/New-with-questions/m-p/20143#M14025 <DIV>Welcome! I assume you have read the Scoring 101 thread?</DIV> <DIV>&nbsp;</DIV> <DIV> <DIV>1. How long will it take for the student loan to show as paid? Will this help or hurt?</DIV> <DIV>&nbsp;</DIV> <DIV>Within 30 days. Reporting as paid will probaly have little (if any) impact on your scores. </DIV> <DIV>&nbsp;</DIV> <DIV>2. I had never heard of a GW letter prior to looking at this board. Is that something I could try with the accounts I paid off&nbsp;back in 2005? Is it something I can only do if there was a proven error, or does my stupidity as a young person count?</DIV> <DIV>&nbsp;</DIV> <DIV>You bet! And stupidity certainly counts. )</DIV></DIV> Wed, 20 Jun 2007 00:20:01 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/New-with-questions/m-p/20143#M14025 Tuscani 2007-06-20T00:20:01Z