videogamesaremylife

2 Contributions 28 People Helped

Member Since: October 2010

Most Helpful Contribution

The do’s and don’ts of closing old accounts

Jan 03, 2013
Helpful to 22 out of 26 people

It may or may not.  It will give you a lower utilization which should raise your score.  Depending on how long since last payment it may or may not be worth it (5+ years).

Paying them off may help, but will not fix your credit.  The original deliquency will still show.  Your credit will imrprove over time if you are patient and use it wisely.

Activity (2 Total Contributions)

The do’s and don’ts of closing old accounts

Jan 03, 2013
Helpful to 22 out of 26 people

It may or may not.  It will give you a lower utilization which should raise your score.  Depending on how long since last payment it may or may not be worth it (5+ years).

Paying them off may help, but will not fix your credit.  The original deliquency will still show.  Your credit will imrprove over time if you are patient and use it wisely.

Why Your Credit Score Matters

Aug 12, 2016
Helpful to 6 out of 8 people

As far as I know both my Mortgages were based on the "Mid" score.  (Not the average.  The score remaining when you discard the highest and the lowest.)