how much will it raise my husbands credit score after paying off repossessed vehicle/?
we talked to a financial advisor she said we needed to pay off the repossession to get a home loan how much will that raise our score its 6,0000. tried to call back and ask but no answer
June 29th, 2010 at 6:16 am
If you paid it off but it won’t that much to increase your credit score. It will look better once you paid to get a home loan.
June 29th, 2010 at 2:51 pm
You won’t do much good to start with because the damage is done already.
June 29th, 2010 at 3:00 pm
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – credit-report-score.10001mb.com
June 29th, 2010 at 3:17 pm
It won’t raise his score at all. A paid collection or non paid makes no difference in score.
However, to buy a home ALL collections/negative items must be paid to qualify. The exception to that is usually medical bills.