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jetfan2 asked in Business & FinanceCredit · 1 decade ago

Credit issues versus credit report?

I went through some tough times and for a while was unable to pay all that I owed. I am paying everyone back now and have paid my car off and have another car I am almost ready to pay off. I have some dings on my credit report and it lowered my credit score. I still have one more credit card to pay off and it has bad information on me but I will be paying it off. My question, is my credit score gradually going up or will it continue down because of late reports on just one credit card?

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  • 1 decade ago
    Favorite Answer

    You should see some dramatic improvements as you keep paying things down and then off. They watch for trends. Yours is going up..

  • 1 decade ago

    Once the last credit card is paid off, you will start to see an improvement in your score.

    FICO scores the heaviest on the last 24 months of activity. So, as those others you paid off age, your score will improve! There is hope, so don't get discouraged.

    The next thing to do is immediately rebuild credit. This what will improve your score the most. Proving that you can rebuild!

    Try a secured credit card, and make sure they report to all three credit bureaus.

    Good luck!

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