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Credit question, anybody please?? ??

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Posted (edited)

Hey guys, in process of ""repairing"" my credit by paying my debts off in full, 

 

question is and this might sound like a dumb question, but I've never done this before, so when I pay one off in full, by how many points will my score raise, if any? 

Edited by MichaelGG

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1 hour ago, MichaelGG said:

Hey guys, in process of ""repairing"" my credit by paying my debts off in full, 

 

question is and this might sound like a dumb question, but I've never done this before, so when I pay one off in full, by how many points will my score raise, if any? 

Are they charged off? 

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Credit Score Breakdown: "according to a well-trusted site/CRA".

 

CREDIT SCORE 580

On-time payments: 100% **AWESOME**

Credit utilization: 0% **AWESOME**

Avg Age of credit: **FAIR** 1 yr 11 mos (STUDENT LOANS, NOT IN REPAYMENT YET)

Total Accounts: 4 **FAIR** (2 STUDENT LOANS, NOT IN REPAYMENT YET, AND 2 UNPAID DEBTS(THE ONE's IM REFERRING TO) 

Derogatory MARKS: 2 **FAIR** (Guess the 2 unpaid debts?????????????????????????)

Credit Inquiries: 1 **AWESOME**

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1 hour ago, MichaelGG said:

Hey guys, in process of ""repairing"" my credit by paying my debts off in full, 

 

question is and this might sound like a dumb question, but I've never done this before, so when I pay one off in full, by how many points will my score raise, if any? 

 

Credit repair is more typically discussed in terms of removing adverse information from your credit report and establishing new credit lines that will best serve your needs going forward.  That said, there's no question that repaying debts will help your utilization, which in turn will boost your credit scores.

 

For the strongest advice/information on this topic, you might wish to provide information about your outstanding debt (amounts and split between open and closed accounts with related credit limits).

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