How can I fix my credit score of 575?

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If I paid every outstanding debt would it raise my credit score?

  1. Reply
    November 10, 2011 at 4:09 am

    It takes time to heal bad credit. If you’ve had recent defaults or late pays, then it will take at least 2 years to recover as your credit score is most heavily weighted on what’s occurred in the past 24 months. There are no quick fixes to heal recent defaults or late pays.
    Paying defaulted credit card debts would not fix/repair your credit.
    Paying back non credit card defaults might improve your score.

  2. Reply
    November 10, 2011 at 4:50 am

    yes, each time you pay something off it will raise you score a little, just don’t close any accounts because having available credit helps raise your score as well.

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