Will this help my credit score?

I have a verizon cell phone account I opened in 03 and had shut off later in 03..I still owe like 173$....They told me I can pay 100$ and do so in 4 payments of $25...when I do this will it help my credit score raise?

Will this help my credit score?

You have to pay the ENTIRE balance in order for it to be good on your credit report. Every time you miss a payment or don%26#039;t pay a debt, it shows negatively on your credit report. My advise is to pay off the ENTIRE balance, not just $100 of the balance, then, start paying off your debt on time, when the payments are due. Late payments show negatively on your credit report too. Don%26#039;t be late on payments and don%26#039;t NOT pay your debt off. That is the only way to keep your credit in the good. Remember, if you can%26#039;t afford to make the monthly payments, then you can%26#039;t afford whatever it is that you purchased. Live within your means. As far as the cell phone thing, you can always get a prepaid cell phone plan.

Will this help my credit score?

I don%26#039;t think it will help your credit score if it has already gone to collections before you pay it. It may look better to lenders in the future, like if you are trying to purchase a home.

Will this help my credit score?

No because it%26#039;s still showing up on your credit report as not being paid for years to come. You could take it upon yourself to write to all three credit agencies though and send them a letter, with a copy of a receipt showing that you paid the bill, asking them to correct your credit report. I don%26#039;t think that they will since it%26#039;s not an inaccuracy but it%26#039;s worth a shot.

Will this help my credit score?

Cell phone accounts do not report to the credit bureaus unless you do not pay them.

Will this help my credit score?

Yes, getting anything off of your credit is a good thing. It will take a couple of months to raise your points, but get everything taken care of that you can.

People who tell you it will not matter are wrong. Credit agencies like to see you making an effort - and you will feel better having it taken care of.