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bgragg

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how much will my credit score go up by removing 100K dollars of debt?

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Are they YOUR debts?

Or did you just see them on your credit report here?  If that is the case, the first thing to do is go to freeannualreport.com and get copies of your credit reports.  Go over them carefully.  Likely, you will find errors (at least 25% of credit reports have errors) and you should dispute those errors with the company reporting same.  They have to investigate and either verify or delete the errors.  That alone shoould make a good change in your credit score.

As for the remaining debt (should there be any) getting it paid off as quickly as possible is a great credit booster.  If you are behind on payments, and have late payments showing, those will cause "negative" remarks on your credit report that will disappear in 7 years.  A habit of regular, dependable payment will ease the impact of the negatives over time.

Do make it a habit to check your credit reports every year to be sure all information is correct.

Hope this helps.

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