If I pay off my debt tomorrow, how long till my credit score fixes itself?

My credit score is poor, due to a balance that I totally forgot I even had as I lived abroad for the last 4 years. My credit score is in the 600-700 region. I will be paying off the debt by the end of the month. How long until my credit score updates itself to account that I have no outstanding balances on my name? I want to get above 750 as soon as possible.

If I pay off my debt tomorrow, how long till my credit score fixes itself?

I don%26#039;t think it will take that long. In my experience, my credit score bounced back after about 6 months after paying off the debt. I had a lot of debt, which was what was lowering my score. But, I had never missed a payment, so it may take a little bit longer for you, like a year.

Edit: FYI as far as I know, the 7 years thing is for bankruptcy or a lot of problems, not just a single account. But some creditors are more hardnosed than others. If you pay off this debt, write a letter to each of the three credit agencies explaining what happened as someone else suggested. If you go to www.myfico.com and buy the Suze Orman credit kit, it comes w/3 free reports and also gives a much more user-friendly way to see your credit score/history. And, it has a form you just fill out online to correct anything or make any notes in your credit report, you just follow the directions. I think it%26#039;s like $50. I use it all the time just for viewing my credit reports and I highly recommend it.

Also, before paying this debt off, you may want to call the creditor and try to see if there is a way they can help to clear it up more on their end, in a faster way. The fact that you were overseas may help your case. Maybe try speaking with a supervisor and offer to pay right then and there over the phone. If you sound apologetic they may %26#039;heal%26#039; it on your credit history faster than just waiting it out on your own. When you call, though, *before you give anyone your information*, if the person sounds like they might be a douchebag hang up, and keep calling until you get someone who sounds nice, competent, and concerned. Good luck.

If I pay off my debt tomorrow, how long till my credit score fixes itself?

Bout 7 years.

If I pay off my debt tomorrow, how long till my credit score fixes itself?

Please write a personal statement and have it included with your report. Everyone that pulls your report will know what happened and why and it will also help you if your credit grantor is sitting on the fence

If I pay off my debt tomorrow, how long till my credit score fixes itself?

7 years

If I pay off my debt tomorrow, how long till my credit score fixes itself?

It takes about 7 years.

If I pay off my debt tomorrow, how long till my credit score fixes itself?

This is a tough question with many varibles........

1.) It can stay like that for up to 7 years till it falls off your report.... but marked as paid......

2.) Depends on how you use credit now and how much you use it..... if you have alot of credit that you pay off on time then it may wash out the bad one......

I would contact the creditor and offer to pay them off in return for them having it removed from your report.... you may have to have each of the credit reporting agencies to investigate and if they don%26#039;t contest it saying that you owed it.... it will come off your record (make sure you do it with all 3 - Equifax, Experian %26amp; Trans Union) - My roommate had 3 medical accounts that he didn%26#039;t receive a bill for and they told him when he paid the ones that he did get bills for that everything was paid.... He called the collection company and told them that he was going to pay it, but wants it off his report.... they told him to contact the credit reporting agencies and contest it and that they wouldn%26#039;t fight it..... he did and it is off his report.........

It all depends on what else is on your report and how you use credit.... but I would say anywheres from 3 months, up to 7 years.........

Hope this helps.......