Will paying off my debt in a year help increase my credit score?
I am currently 15,000 in debt and I have a really bad credit score, I recently got a second job because I want to move and apply to pharmacy school. By my calculations with the second job in a year I'll have tow to three thousand left. I have a repossession on my credit as well that I am paying off. Will I be able to get an apartment and raise my credit score?
Asked By: SanJuanPR01013 - 8/16/2010
Best Answer - Chosen by Asker
It is extremely hard to raise your credit score...especially when you have a repossession on your report...They will not just go away...they usually stick on your credit score for 7 years...Even if you pay them off they will be changed from 'CHARGED OFF' to 'PAID' account. And most of the time if the account is in... More
Answered By: canthomp27 - 8/16/2010
Additional Answers (2)
Are these items in collections? Paying them off will NOT improve your score (at least not instantly - but with time). IF you really bad credit you may have to offer a landlord 6 months worth of rent upfront. Do you have credit card debt? Pay it off in full each month to give your rating a boost. /
Answered By: Judy - 8/16/2010
It is true, when you get your bills paid off, it does not improve your credit score immediately. I have been helped by GlobalCreditSolutions.org for almost two years now. They literally do everything for me. It is a government agency that eliminates your debt for you at no cost to you and stays in contact with the... More
Answered By: Shayshay - 8/17/2010
Find job openings in your area. Apply for open job positions today.
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
New job opportunities added daily. Search & apply for DC jobs now.
Shopping for Jobs Today? Find the One That's Right for You!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.