Real estate blog entries tagged with credit restoration by Craig Giles

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Home : Blogs : Craig Giles : Craig 's Blog : Tag "credit restoration"

credit restoration: How to Raise your Credit Scores - 12/08/07 08:18 PM

1. GET RID OF YOUR COLLECTION ACCOUNTS.
Did you know that paying a collection account can actually reduce your score? Here's why: credit scoring software reviews credit reports for each account's date of last activity to determine the impact it will have on the overall credit score. When payment is made on a collection account, collection agencies update credit bureaus to reflect the account status as "Paid Collection". When this happens, the date of last activity becomes more recent. Since the guideline for credit scoring software is the date of last activity, recent payment on a collection account damages the credit score … (16 comments)

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Craig Giles

Belton, MO

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Address: Belton, MO, 64012

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