Paying off collection accounts doesn't help your score. A paid collection is still a collection. You could try to dispute the accounts as not being yours with the bureau and hope the collector doesn't validate since it has been paid. This may (or may not) work. Start with the most recent negative as activity within the past 12-24 months is given the most weight when calculating your score. Revolving accounts need to show a low balance on the report. Utilization is 30% of your score and is based on what is currently in your file. This is the quickest way to get points. If they are not reporting the low balances, dispute the balance as being incorrect and it should update.
by timothy p - 13 hours ago
Depends. Take these items in consideration. This is what they look at and in what order of importance. It is not a fast process. 1. Payment history- 35% 2. Total debt owed to available credit ratio-30% 3. Length of time establishing credit-15% 4. Types of credit established-10% 5. Inquiries and New accounts-10%
by firstname.lastname@example.org - 13 hours ago
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