Credit Score Help

[Anonymous]

I have just pulled a report from freecreditreport.com.  I am trying to figure out how will my credit scrore go up the fastest.  I have some items listed as new accounts from ca's, and items listed under potentially negative information.  Will paying these items in full or using pfd's raise the score, or will setting up a payment plan and paying over time help out more? 

[Anonymous]

Paying off a collection only helps your score two ways. 1) IF (rare) the CA reports it as revolving debt and is part of your util, paying it will help   2) Getting a PFD.

Normally, paying a collection is not going to help your score, the fact that there is a collection on your report is what hurts, not whether it is paid or unpaid. However, during a manual review of your CR, paid looks MUCH better than unpaid.

What is DOFD? DOLA? SOL for your state?

Find SOL here -

http://www.bankrate.com/brm/news/cc/20040116b2.asp?caret=8
 

Message Edited by sidewinder on 04-14-2008 09:11 AM

[Anonymous]

First I want to say thanks for replying to the post.  What is util?  I have talked some of the ca's and they are giving me options of pfd or paying in installments, which one is better to raise score.  The sol is 10, 10, 3, 3.