How long after you pay off your debt will your credit score go up?

Answer Your credit score change depends on many factors, including the type of debt and other debts outstanding. The change will take place the next time your creditor updates the credit agency with your ... Read More »

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Will a debt reduction program ruin your credit score?

Debt-reduction programs often entail aggressive strategies for debt settlement at a very low percentage of the amounts owed. While this can help you get out of debt quickly, creditors may leave a n... Read More »

How Long Does It Take for Debt Settlements to Reflect on Your Credit Score?

Settling a debt can help you save a significant amount of money, but at the same time, it can hurt your credit score severely. Your score may not be affected immediately after you settle the debt, ... Read More »

Is Revolving Debt or Installment Debt Better for Your Credit Score?

While reviewing your credit report, you may notice some debts marked as "revolving" while others are labeled "installment". Although these types of accounts are very different, having both on your... Read More »

How does consolidating your debt affect your credit score?

All they do is take one big check you write them, and pay off your creditors. When one debt is done, they take the money from that and apply it to debt #2, so it goes faster until it's paid. Repe... Read More »