FICO score and Credit Report and late payments?
majax79 asked:
I had 3 credit cards that went to collection about 8 months ago and I paid them all of right around that time.
I had 3 credit cards that went to collection about 8 months ago and I paid them all of right around that time.
They show up on all 3 credit reports as potentially negative credit items as they all say 120 days past due.
I was also told that this lowered my credit score.
My question is: I have 1 credit card that is 180 days past due and it shows that the amount has been written off.
Would it raise my FICO score or help my credit reports in any way if I paid it off? It doesn’t seem to have helped when I paid off the other credit cards.
I’m not looking for personal comments…I just want a real answer.
JEFFRY
December 20th, 2009 at 6:06 am
MATTHEW
It may not help your credit score, but it will show up on your credit reports from the three major credit agencies as “paid in full”. Can you still use that credit card? If so, pay it off, and use it to buy gas once a month…then pay it off. This will slowing help in repairing your credit scores.
About 15 years ago I got divorced…long story short…had to file bankruptcy and it took me about 12 years to get my credit rating back into the good to excellent.
I hope that helps.