how much will it damage my credit score?
Date: Thu, 07/05/2007 - 14:35
Being as I did just buy a house, I am willing to hurt my credit score to eliminate this debt because I honestly don't see myself needing a great credit score for at least a few years when it will be time to buy a new car.
Anyway, I was wondering if anyone would know how much my credit score is going to drop. Even a rough estimate will do. I am just afraid of it going too far down. Thanks
The repair work will be a slow process but the damage to your cr
The repair work will be a slow process but the damage to your credit when you don't do the payments is too fast. You have to take care of it now before it gets too late. debt management plan sounds to be a fair option. A repayment plan is set up with your creditors and you pay the total amount in equal monthly installments. Once everything is paid off, your scores will go up at the max. Calculating fico scores is very complex. No one can do it. But a professional will be able to give you a close figure. Talk to a debt expert for your options.
Your score will definitely take a ding from settling these accou
Your score will definitely take a ding from settling these accounts. I would suggest that while your score is good to add some new cards to help offset the future ding.As far as how much of a drop,I am completely at a loss there.
Hi Rice In my opinion you should consult an expert to exactly
Hi Rice
In my opinion you should consult an expert to exactly know how much your score will be affected.
