Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
tiredofrenting

0 Contributions
0 People Helped
tying to up scores
trying to up my scores (603) need at least (640) to get a homepath loan for a home, right now pay way to much for rent, could be paying a lot less for a homepath home loan but nee a 640 score to receive a loan. I have one judgement from (2006) and four collections. It would be easier for me to pay collection and try to get them off, but will they actually take them off and how long will it take for them to be removed? How much would it raise my score if I paid those four collections off. I could be saving over five hundred a month if I purchased a homepath home, and I really need a place to call my own!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
2 Contributions
35 People Helped
Most Helpful Response

Double-check with professional

Helpful to 2 out of 2 people

My understanding is that once you've paid the collections in full, you have to ask them to remove the negative reports and/or change it to "Paid in full". If they do, it shouldn't take more than 1 or 2 reporting cycles to show up on your report.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.