Hi! I'm new to this forum and desperate of answers about ny credit score. I just got done with debt settlements of 5 of my credit card accounts (using an agency, of course) after 2 years of paying them off. As a consequence, my credit history was badly affected and my credit score dropped as low as 496. I'm in the process of paying the balances off my active credit card accounts but what's gettng me worried is that, what if a serious need for a car loan or any other credit application arises and I would be denied. My question is, when does my credit score go back up after settling my debts? will it take years or months?

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Thanks cajunbulldog

Thanks for sharing this tips with us It very useful for us.

Thanks you.

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What do you think of the credit and id monitoring services that is offered by some the credit agencies? I think the one is from consumerinfo, you sign up for 14.95 a month, and receive monthly updates, and monitors you id for theft??!!!!

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This blog hasn't had a listing since 2007! Did Obama make all our credit woes disapear??
Z-man

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OOPS! as soon as I sent a respond it updated! MY BAD! Sorry!!

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Thanks for sharing info with us.

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OH, YEAH!! The information is 'priceless'!! Thanks! I've read MOST of it, but, not all of the info, yet (my PC is running a bit slow, for some reason..LOL). Why waste your money on ONE debt (i.e...PDL's) if you can put your payments toward something else? Someone, above, had stated they are "not getting straight answers from....." I'd be weary about sending money, as well.

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