574 521 544 Pay Off Medical Bills Collections Will My Credit Score Go UP
I have an equifax credit score of 574, and a experian credit score of 521, and transunion credit score of 544. I’m trying to find out If I pay off 5 medical bills will my credit score go up, in how much do you think. Some of the bills are maybe 4 to 5 years old will it help to pay them off or should I wait for them to fall off my credit report. I’m trying to get my credit score 650 to 700 so I can get a house. What steps do you recommend I take, I know you said to negoiate with the credits. Thanks Bo I’m really lost on understanding the credit point system please help me.
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paying those bills in and of it self will not raise your free credit scores any
you have to have at least 3 to 6 open lines of credit like a credit card or personal loan
but i would try try to dispute those with my free credit dispute form
and hope for luck
then legally validate them
then
negotiate
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so you are saying paying off old medical collections account will help my score. oh okay, so I have to pay off more recent accounts with line of credits too raise my credit score
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Im saying paying off old collections and debt in and of it self will NOT raise your credit score
but
if you have 3 to 6 lines of open rated credit and you dispute your old collections, validate your old collections then neotiate or pay any collection that is validated and negotiated as far as you can that will ultimately help you in the end in that you will have lowered you dect to high credit limit on that account from maxed out to 0%
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Thanks for the information so I guess I’m going to let my bad credit credit blow over, because I dont want to give away free money so why pay off a debt if it’s not going too help your credit score at all. I guess my credit score will go up in due time. Thanks Bo for the information it was of great help I almost spent over 2000 dollars to pay off bills that would’nt have help my credit score, thanks for saving my pockets from ultimate disaster.
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get some new good credit with a credit card or personal loan or car loan or home loan
paying off stuff does help
but
you have to have some that some one can hold onto
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