Credit score does not increase

When you paid these accounts off did you ask for a pay for delete? This is an arrangement between you and the collection agency/creditor to remove the listing from your report after it is paid. Some will do this and others will not. You have to ask before paying though.
Now your score will probaly not increase much if those marks are on your credit regardless of whether they read paid or not. Also if the accounts were turned over to collection agencies and not paid to the original creditor then the original creditors listing will still be there looking unpaid or sold off.
Do not get discouraged though. Through time your score will increase as these accounts get older. Also when a new creditor is looking at your report later on they will be more apt to give you credit with all the collections on your account showing settled. Hope this helped.

Hi caroline,

Your credit score is calculated by considering various factors. Your payment history amounts to 35% of your credit score. Once the charge-offs and judgment are listed on your credit report, paying them off will not help to increase your score immediately. To improve your score, you will have to build a good credit record by making timely payments on all your current bills.

Apart from making timely payments, you can take the following 3 steps to improve your score quickly:

1) You can ask a friend or relative to add you as an authorized user, to any of their old credit accounts. Increasing the length of your credit history, will increase your score.

2) You can ask your credit card company to increase your credit limit. Increasing your limit will lower your debt-to-credit ratio, which helps to raise your score.

3) You can get a secured credit card and use it for all your purchases. You must make timely repayments for the secured credit card, to improve your credit records.

Secured credit cards are a very good way to go and there are alot out there but do your homework to find the one that works best for you. Another good thing about secured cards it keeps you from overcharging. At this time you may have problems getting any credit card company to increase your limit. One reason is because of recent deliquencies and the second is the economy. I heard on the news that alot of companies are actulle even cutting good standing card holders limits. Remember though, hang in there and once you get your credit rebuilt try hard to keep it in good shape.

hi KarmaQueen,

Your answer has been posted in
http://www.creditmagic.org/repair/about9842.html