How long before I will see a score increase

Mar 192010
 

I just paid off one credit card to $0 and the other two cards from 100% UTL to 10% UTL. I also had 2 charge-offs deleted. How long before I will see an improvement in my credit score and how many points should I get.

 

 

Febraury 2010  TU-536  EQ-485

March 2010 lender pull TU-565  EX-549   EQ-512

PLEASE HELP ME–Questions & my CR posted in here!

Mar 132010
 

Hello! I’m new here and am hoping for your expertise and knowledge to point me in the ritght direction.  I just did this post and it was long but it never posted, SO I will keep this short as possible. =)

 

Not using excuses or  anything like that.  I am embarrassed to show my CR but I need HELP.  In the past, obviously poor choices my with my money and credit, didn’t really leearn to budget at all until I married my husband.  My parents are in the same financial situation and never really taught me how to use my money.  However, I am an adult so I take full responsibilty for my poor habits and bad credit.  EQ score is 608, haven’t gotten my TU score yet.  I have obtained a EX &EQ CR.  I have 2 unpaid collections.  1 shows $107 collection and the other shows $55 collection.  I am paying these off this month.  My UTIL is 9% revolving and 91% installments.  I have paid off one of m capital one cards have paid the other capital one down and only has a $75 balance.  My CR is listed below and I also have listed some questions.  I appreciate your time in reading this and helping me out!

 

1)  Since I have paid my only 2 credit cards this week, I am moving onto collections.  These will be paid by the end of the month.  I want to delete these off of my CR.  Should I send a GW letter with my payment or wait until payment is received then send a GW letter?

 

2)  Do I send a GW letter to the closed, open or both regarding baddies?

 

3)  Long story with students loans (which is killing me on my CR) but short: Nelnet bought loans from bank.  During this time I changed jobs, changed banks, moved and got married.  I took a huge pay cut and never followed up on my loans-VERY STUPID OF ME!!!  I was 120+ before I went into deferrment.  Monthly payment is $68.88 and I have been paying $100-$300 monthly since Nov ’09 to catch up when it went into deferrment.  Nelnet said I would need to contact the CA for removal.  Should I send a GW letter with proof of payments more than required to show that I have been and currently paying even though I am in deferrment?

 

I am sure I will think of more questions later…I will post my CR below this post, thank you again! 

Should I pay off this low balance student loan?

Jan 282010
 

Hi guys.  First of all, thanks for taking the time to help me out on this.

 

First, a little up front info here.  A couple of months ago, I paid off one of my student loans with the Department of Education.  I paid it off when the balance was just about at $500.  When this loan showed as paid off on my credit report, my score jumped by 39 points, I was psyched.

 

So now I just received my bonus from work ($800 after taxes).  I have a remaining balance on a Sallie Mae student loan of just under $600.  I also have about $6,000 in credit cards.  So here’s my big question here.  Interest aside (the student loan interest is significantly less than that of 2 of my 3 credit cards), in regards to getting my credit score higher, should I expect to see another large jump in credit score for paying off another student loan (of nearly the same duration as the last one) with a slightly larger balance?  If not, I may pay off a portion of the highest interest credit card I have.

 

Thanks guys.

 

PaulÂ