loose tooth Posted March 18, 2007 Report Share Posted March 18, 2007 Hi!My credit score has recently bombed because of settling cc accounts. Prior to this, my fico score was near 800. Because of a struggling business, dh and I fell back on cc pmts and have refinanced a piece of property in order to have enough money to settle accts. My question is, I have 2 mortgages on my credit report. If I keep current on my mortgage pmts, will this be enough to help my credit score? I really want to stay away from credit cards. I have learned my lesson. Link to comment Share on other sites More sharing options...
someonesomewhere Posted March 18, 2007 Report Share Posted March 18, 2007 Have you already settled the CC accounts? If not, and if you haven't signed anything, you might try continuing the negotiations and include deletion of the adverse TLs.If you're already agreed to settlement terms, such as doing a lump sum settlement for less than the full amount, you might try offering 'em more in exchange for a deletion.There's a sticky in the Credit Repair forum and one in the Credit Bureaus forum on scoring.Myfico.com (where you can get your true FICO scores rather than the FAKOs from the CRAs) has a free credit score simulator in which you can play what if to get an idea how different actions will affect your score. You can sign up for 30 days free, use it, then cancel if you don't think you'll need it. Link to comment Share on other sites More sharing options...
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