Will my credit score ever improve?

iVillage Member
Registered: 08-22-2003
Will my credit score ever improve?
3
Tue, 06-14-2005 - 11:51am

Ok, I'm back with another question.
I started with CCCAmerica this month -
I have a question though - will my credit rating start to improve over the months as the payments are made to my creditors? Before joining CCCAmerica, I wasn't even making the minimum payments to some of the creditors. I guess I'm just hoping for a small miracle or a little light at the end of the tunnel. I have no intentions of going into any more debt or buying anything in the near future - I just wanted to know what the time-frame is as to credit score improvement. (I wasn't sure if being with CCCAMerica was going to hurt my credit until all the debts are paid off).

Thanks
~Aly

iVillage Member
Registered: 02-14-2004
Tue, 06-14-2005 - 1:57pm
Yes, your credit score should improve. I posted a link earlier (which I can't find right now) on an article about credit scores and CCC. Currently, according to the article, any reference to credit counseling is not calculated into the FICO formula. So it will not adversely affect your score. On my credit report, my creditors report my accounts as being paid on time with no reference to CCC. So, the answer is YES!
iVillage Member
Registered: 02-14-2004
Tue, 06-14-2005 - 1:57pm
By the way, did your debit problem on Friday get resolved?
iVillage Member
Registered: 08-22-2003
Tue, 06-14-2005 - 2:17pm
YES! thank you for asking - there was no debit taken out of my account on Friday. Thank God! Thanks for the helpful information regarding CCC. I really appreciate it!
Aly