I confirmed all of my negatives on my credit report and worked hard to pay all of them off.. How long does it usually take for me to see my score improve?Also is using a secured credit card a good idea for rebuilding credit? if so, and suggestions of which card gives the best deal? Thanxs in advance for any and all respones Dave
Paying them off isn't necessarily going to improve your score. A paid charge off or settled notation is still a derogatory item. You may need to get a secured card, or you may be able to get an unsecured card. It depends on the rest of your report. If you haven't already, get all three of your reports and see how these items are reporting. How long is your history? Do you have any good accounts? What is your utilization ratio? Do you know what your scores are? All of these are factors in what kind of card you can get.
