If I pay a medical bill off for fifty dollars how many points would that raise my credit score?
If I want to raise my credit score from 570 to 700 how long would that take and how much money owed out to my creditors would be required?
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September 10th, 2009 at 6:29 am
If you have any outstanding bills, medical or otherwise, pay them as quickly as possible. This will only help yor score.That is a pretty large jump on your score, and will not be done in a few weeks or even months. The only thing that could change your score quickly and radically is a much larger income, reducing your debt to income ratio. If you have several credit cards, keep the oldest, and begin reducing cards, with store cards being the first to go. Having several low-limit cards hurt the rating.Good luck. Been there.