Help With Credit Score - Credit Score help, fixing.?

Credit Score help, fixing.?

Hi, I just checked my credit score, and it ranged from 480-510 on all three reports. The only unpaid items are as followed. Verizon $88.00 Verizon $204 Medical Collection $123.00 And this follows with inquiries... EFX 2007-09 GEMB/WALMA XPN 2007-09 PLAINS COMMERCE BANK/T EFX 2007-09 E-LOAN EFX 2007-08 SPRINTNXTL EFX 2007-08 AT&T-WS EFX 2007-08 IMAG/FBOFD EFX 2007-08 TRIB/FBOFD EFX 2007-08 CAPONEBANK XPN 2007-08 CAPITAL ONE BANK XPN 2007-07 BANK OF AMERICA EFX 2007-06 CAPONEBANK XPN 2007-06 HSBC NV XPN 2007-06 CAPITAL ONE BANK XPN 2007-05 700 CREDIT/ROWE FORD S EFX 2007-05 FMCC XPN 2007-05 FORD CRED XPN 2007-04 DISCOVER FINANCIAL SER XPN 2007-03 FIA CSNA EFX 2006-06 CAPONEBANK XPN 2006-06 CAPITAL ONE BANK EFX 2006-05 HSBC NV EFX 2006-05 E-LOAN XPN 2006-05 HSBC AUTO XPN 2006-05 HSBC NV If I paid in full how much does my score go up? Can I have these removed now instead of in 7 years, I meanwill they do that in return forPAYMENT

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Accounts in good standing do not expire, they stay on your report. Negative items come off in 7 years, bankruptcy in 10. If these are all collection accounts, then no, they won't come off your report even if paid. But if you do pay them in full, they should reflect that fact in your report for each of those accounts. It really won't help your credit score much. ALso, by having so many inquiries, that may be hurting your score as well, though not nearly as much as a collection account would hurt it. Try to limit the amount of places you apply for credit at to as few, and as seldom as possible. There are some exceptions. Such as when buying a car on credit. Lets say you apply for a loan at three different dealerships. As long as those appications were submitted within a 45 day (I believe its 45 days) time frame, it is counted as one inquiry. In general though, too many inquiries reflect in a negative way on your credit score, and may affect your ability to get credit in the future. And if you do get credit, because of a lower credit score, people pay higher interest, if they get credit in the first place. -Pay all bills on time -Avoid going over the limit on credit cards -Try to keep the balance on your credit cards to a minimum. In the eyes of a creditor, maxing out your cards looks like a bigger risk than someone who has a minimal, or zero balance. This also affests your credit score. -Don't apply for credit more than twice a year. This is the norm. More will look bad, and it will mean points off your score. -Keep credit cards for a long time. Make sure that you don't switch cards often to pay lower interests rates. An established history with a credit card company weighs more than new accounts do, and will help your score. -Try to zero out any balances you have if at all possible, and don't have too many credit cards. Two or three is fine. Eight is not. hth
To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your scoreyou still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.
Hi, Yes, it will get removed in about six months if you have paid in full. Check out http://financeguru.consumerspot.info for some useful info and tips on improving your credit score quickly. Good luck!
Ouch and Ouch. Lots of inqueries! You've been applying to a lot of cards and loans it looks like. Lenders don't usually like that.. but let me get to your question.. Old debts get written off and removed from your account after 7 years, which begins when the creditor first reports your account -- however some shady companies use whatever information or payments you send them to change the date of your account on your credit reports so that it prolongs the time it takes to get them written off -- this way they can have leverage over you which improves their chances of getting their money. Don't fret, you can easily write to any of the credit reporting agencies if this happens and have them remove inaccurate entries, but of course you have to continue to track your credit score and credit reports until they are completely cleaned up. It's funny but most people think that paying off charged-off accounts is going to help them, and really all it does is show lenders that you are responsible to pay even your late accounts.. however in the world of money timeliness is more important. EVEN IF you pay your old collections such information is not removed until the 7-year time period ends and the fact that you paid late still negatively impacts your overall score no matter if you pay it off or not. So in some cases it may be better to just wait and do other things to boost your score while the other items expire. It doesn't take long for short term changes like account balances, payments (for your current accounts), and available credit to show up on your credit report and effect your score -- likely these are the things to have impact over the short term, and you have a better change of fixing your score if you try to address one of those issues, which you can do easily in a matter of weeks. Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year: 1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.) 2. Never Miss a Payment, Starting Today 3. Never use more than 20% of your Available Credit 4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible 5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones 6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance 7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit- 8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan 9. Take out a Small Personal Loan and Repay it Over a Year 10. Ask Someone With Good Credit if They will Account Shadow you When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it... Your Credit Score (also known as your MyFico score) is calculated with the following breakdown: * 35% - Payment History * 30% - Credit to Debt Ratio * 15% - Credit History * 10% - New Credit * 10% - Credit Types in Use If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score. You can read more about these tips on my blog: How Can I Increase My Credit Score * http://millionster.com/articles/debt/increase-fico-credit-score/ You're not gonna be able to remove things that aren't erroneous or invalid -- until they expire. So focus on fixing what you can for now to boost your score. I hope this helps you understand the situation better.. Good luck.