How much of a score increase

Feb 272011
 

I have the following reporting across all three reports

 

Child support (Collection Acct $500.00)

Asset Acceptance- $634.00 open account factoring

Wood LAw PC $101.00 open Collection

3 max out credit Cards $300.00 limit

 

If I have the the Child support, wood law pc and the asset acceptance removed. and paid off all the balance on the maxed out cards to $1.00 what would my score be. Right now I have like a 580ish on Transunion and 582 on equifax.

Suggestions to recover

Jul 082010
 

Hi

 

I have got into a deep credit card debt. I did now got a $10k personal loan to pay off a few of my credit cards. Here is a resume of my debts:

 

AMEX – $3200 – 17.5% – Maxed out

AMEX – $3500 – 22.1% – Maxed out

AMEX – $6000 – 17.5% – Maxed out

Citi – $7000 – 29.99% – Maxed out

Citi credit line – $10000 – Variable – 80% maxed out

Chase – $3200 – 27.5% – 80% maxed out

HSBC – $1850 – 27.5% – 80% maxed out

 

Ideally I would like to pay off the 2 AMEX and the HSBC. By doing that, how should I expect my score to increase?

 

Any other suggestions to use this 10k ?

 

Thanks

credit util% question

Feb 242010
 

1st card – $5000 %0

 

2nd card – $1000 %0

 

3rd card – $500 %100

 

 

If you have the 3rd card maxed out does this overwhelm your util% or does it not matter because the other 2 cards are not being used? Does this lower your FICO by maxing out the small card instead of the bigger one?

Message Edited by jenrette on 02-23-2010 07:54 PM
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