Internet's first get-out-of-debt community - 136,000 members

Hi All

I just paid a collection account from american express that was a corporate credit card which I guaranteed (big mistake). After I paid it of my score actually went down Sad

I would really appreciate any advice as to how i can now raise my score.

Posted: Mon Jul 21, 2008 5:55 pm Subject:

Geez I don't know, I have never heard of that happening. Someone will be along shortly to advise you further. Just out of curiosity how old was the collection account?

Posted: Mon Jul 21, 2008 5:57 pm Subject:

it is two years old it says on the report but i dont think i even had the card that long

Posted: Mon Jul 21, 2008 6:01 pm Subject:

What state are you in?

Posted: Mon Jul 21, 2008 11:33 pm Subject:

california

Posted: Tue Jul 22, 2008 6:04 am Subject:

A paid collection is no better, worse sometimes, than an unpaid. Likely, by paying on the account, the tradeline was updated with new info. FICO will always factor in recent activity on a derogatory negativley.

Posted: Tue Jul 22, 2008 6:13 am Subject:

check again in 3 months and see if it has come up at all

HOWARD SHERMAN

THIS IS CAUSINGTOO MANY PROBLEMS

Posted: Tue Jul 22, 2008 8:41 am Subject:

so i take it not much i can do but wait?

Posted: Tue Jul 22, 2008 9:53 am Subject:

unfortunately time is sometimes all that will work. Frustrating, but the score will go up.

Posted: Tue Jul 22, 2008 3:24 pm Subject:

nascar thanks for the links but what am i asupposed to do with them?

Posted: Wed Jul 23, 2008 8:32 am Subject:

Those are part of my signature so appear on every post. If you're in TX, their very important.

Posted: Mon Jul 28, 2008 9:44 am Subject:

jst checking in to see if anyone has some new advice..........

Posted: Mon Jul 28, 2008 11:38 am Subject:

Only time and good payment history will boost your score. Do you have any other derogatories on your CR's? Do you have any good TL's? What types of credit do you have? Revolving, Auto, mortgage...etc?

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 136,000 members

paid collection account and score dropped

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post