@trc1962 wrote:
how much can a credit score improve in one year
Varies by person.
@trc1962 wrote:
My credit score is awful. Had medical debt and job loss. Don't have credit card debt-except a JC Penney account that is closed. Most of the bills in collections were medical debt. Once I sold my home I was able to pay the majority of the med bills off-still paying on a few. Unfortunately the damage has been done and I am trying to clean up my mess. What info should I read on where to begin the clean up? I paid my mortgage off with house sale and that brought what I owe down to a fairly small amount-yet I havent seen a score improvement.
It takes time to recover from collections. For the remaining items you may want to read up on pay-for-deletes. For the items you've already paid, look into goodwill letters to have them removed. Removal isn't guaranteed but it's worth a shot.
What open accounts do you have and what shape are they in? What's your utilization like on your revolving accounts?
You should also review all your reports to verify that there isn't any other cleanup that you need to take care of.
@trc1962 wrote:
I have a friend who claimed bankruptcy and her scores are higher than mine!
Scoring's not a simple and straightforward matter. It's certainly possible for a person with a BK to have a higher score than another without. Or vice-versa. No single factor determines one's credit score.
