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how long does it takes for your credit score to increase

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swilliams7308



Joined: 25 Apr 2008
swilliams7308's page
Posts: 1



37 Magic Points

Subject: how long does it takes for your credit score to increase
 
Posted on Fri Apr 25, 2008 1:37 pm  

how long does it takes for your credit score to increase after you've paid off your debt
Laura

Laura

Joined: 21 Jun 2007
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Posts: 1327



36215 Magic Points

 
Posted on Sat Apr 26, 2008 6:26 am  

It will depend on how rapidly the data gets updated in your report. Check your report (you are subject to a free credit report each year from the three major credit bureaus). Find out discrepancies and dispute wrong information (if any). Contact your creditor if the accounts have not been reported with the current status.

Once you get the right informations on the report the score will rise consecutively.
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Laura.
fireyone



Joined: 26 Feb 2008
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Posts: 4246



123 Magic Points

 
Posted on Sun Apr 27, 2008 1:27 am  

Also check 1 at a time that way if you want to keep checking to see how your credit is improving you can do it every 4 months.
Laura

Laura

Joined: 21 Jun 2007
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Posts: 1327



36215 Magic Points

 
Posted on Mon Apr 28, 2008 5:50 am  

Hi Swilliams,

Did you get our messages? I hope we could be of some help?
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Regards,
Laura.
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1883



1916 Magic Points

Subject: credit
 
Posted on Tue Apr 29, 2008 12:24 pm  

Sometimes it's really frustrating when you're trying to work 'issues' out ( that are on your credit) and no one is willing to budge! I'm talking CA's, etc. Any advice or suggestions?
Laura

Laura

Joined: 21 Jun 2007
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Posts: 1327



36215 Magic Points

 
Posted on Wed Apr 30, 2008 7:13 am  

What issues Wendy? Anything in particular. Would love to help.
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Laura.
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1883



1916 Magic Points

Subject: credit
 
Posted on Wed Apr 30, 2008 5:08 pm  

Hi, LAURA. remember when I said my Cash Call account was 'sold' to a CA? Well......when THAT happened, I was thrilled! The account, with the CA was 5%, compared to Cash Call..at 99%. Anyway....I started sending $150.00 payments to the CA, starting last fall. However....the last few months I DID call them and let them know that the payment was a bit too much right now. I asked if I could send alittle less per month. They said they were "doing me a favor and letting my 'keep' my % at 5% instead of rasing it to 99%." They ALSO said when I get my taxes I can pay MOST of that off. Well.the 'tax thing' sounded good. However.....They said they wouldn't accept anything UNDER $150.00 per month. Here's my question to you. IF I send payments LOWER than the 'original' agreement, don't they HAVE to take payments? I really don't think they can LEGALLY ;hike' the % rate to 99% again. Any advice will help here. Thanks.
java_jenny



Joined: 29 May 2008
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Posts: 5



180 Magic Points

 
Posted on Thu May 29, 2008 11:43 pm  

Bumping this last question up...I have a CA that I tried to make a payment arrangement with also and they told me if I didn't pay them the entire amount due in 1 payment that they would put a judgement against me so I'm curious to know if they can refuse payments under a certain amount of money per month...
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 364



5383 Magic Points

 
Posted on Fri May 30, 2008 5:43 am  

Send them a DV letter via certified mail and they cant file suit until they validate it. Also, I suggest that you read the FCRA so that you know that they cannot speak to you like that.

FDCPA says that a CA cannot use False or Misleading Representations in Communications or:

§ 1692 e(4)(CA cannotsay that) Nonpayment of any debt will result in the arrest or imprisonment of any person or the seizure, garnishment, attachment
§ 1692 e(5) Threaten to take any action that cannot legally be taken or that is not intended to be taken


Also, no more talking to CAs over the phone. USPS only.
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java_jenny



Joined: 29 May 2008
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Posts: 5



180 Magic Points

 
Posted on Fri May 30, 2008 1:41 pm  

Thanks for the information! I'll be sending them a DV letter today.
anthony

anthony

Joined: 31 Jul 2006
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Posts: 516



13606 Magic Points

 
Posted on Sat May 31, 2008 5:43 am  

Yes, you need to first send a debt validation letter to the CA. Until and unless the CA validates your debt, they cannot move to the court under the Fair Credit Reporting Act.
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Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.

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