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Does paying off judgment increase score?

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brick
Guest
Subject: Does paying off judgment increase score?
 
 Posted on Tue Jun 30, 2009 4:38 am  
Finally I have been able to pay off the judgment in full. But I wanted to know without having to pay for my report, by how much will my score increase? Are there other ways to increase my score quickly? I do not need a loan immediately but want to build up a good credit record. My score before I paid off the judgment was 630. I do not have any other baddies, except for a few late payments that are about a year old.

Thanks in advance for your help.
rachael



Joined: 11 May 2009
rachael's page
Posts: 234



6581 Magic Points
 
 Posted on Tue Jun 30, 2009 6:44 am  
Hi brick,

It is difficult to say by how many points your score will increase, after you pay off a judgment. As far as I know, your score will not improve immediately, as a judgment either paid or unpaid will remain on your report for 10 years. But you should make sure that the judgment is listed on your report as " Paid". The reason is that a paid judgment, though derogatory, is still better than a unpaid one.

In order to increase your score, you should look for any possible errors on your credit report, and dispute them. You can find some useful tips to increase your score quickly, if you visit the following link: http://www.creditmagic.org/score/increase-payingoff.html#29680
_________________
Looking forward to a debt-free life.
winnie
Guest
Subject: judgment Vs credit score
 
 Posted on Wed Jul 01, 2009 6:02 am  
Hi brick,

If you make timely payments for all your current credit accounts, your score will gradually increase. As the judgment gets older, it will have little or no affect on your score.
Milly
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Subject: pCOUsNvMoFsbjUlv
 
 Posted on Wed Jul 06, 2011 12:49 pm  
I found just what I was needed, and it was entreatining!
Kaylin
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Subject: UzdFaVfZjoCwSzIQt
 
 Posted on Fri Jul 08, 2011 3:53 am  
Holy Toledo, so glad I clciked on this site first!

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