Quickest Way to Increase Your Credit Score
& How To Pay Debts
Fastest Way To Improve Your Credit Score
Most often, clients believe that as long as they pay debts and/or debt collectors they will see a drastic increase in their credit score…this is an absolutely FALSE misconception.
What if I told you that paying an old collection account to a third party debt collector DOES NOT increase nor remove the negative account from your credit profile; UNLESS you have a specific contract with the agency saying so.
How to Pay Your Debts
I’m sure you’re asking what you need to pay if I’m telling you NOT to pay debt collectors, and that is a totally reasonable question.
If you are looking to really increase your credit score, then the accounts we will ALWAYS recommend paying first will be your credit cards. Credit card debt is a MAJOR key factor in your credit score, and with a low balance and high credit limit, you will see a drastic increase in your credit scores.
If you are having trouble paying your minimum credit card payment there are other resources for you to reach out to.
So Again…
Please, take our advice. Don’t run to pay aged collection accounts, in fact don’t pay them at all. Put that money towards your balances on you credit cards – and let us handle the rest.
