help raising credit score
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help raising credit score
| Tue, 01-20-2009 - 12:29am |
Ok so I filed our taxes tonight and were getting a LOT LOT LOT more than i expected!!! yay! so all my debt besides loans from family members could be paid off soon! my question is... how can i use this opportunity to raise our credit score? DF's took a hit from from a bill in collections we didnt know was there, and we may not even owe but were disputing that right now, and the future of needing to buy a new (used) vehicle is looming so we really need to work on his credit score.

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Having the collection account showed as paid would be a great start. If he doesn't owe it them make sure it is taken out of
yes we are paying it right away. it wasnt even that much money anyways, the only reason i found out about it was because i checked his credit report! we will definitely keep the records now, weve learned our lesson w that!
thanks for giving me an idea with the 5% thats really helpful in the decision making. were actually hoping to make a payment because that would help raise our score really quickly, but ofcourse we do have to be able to comfortably afford that payment.
so for the cc's should i just pay them off right away or should i break the money up into a few months.
http://ficoforums.myfico.com/fico/
Check out these forums for any questions you have about credit scores.
Mary Ann's suggestion for saving 5% is brilliant.