Well, I deal with underwriting so I can tell you that it will be difficult but not impossible to raise your score. But 5 months is not exactly realistic. If you've had collection accounts, even though you've paid them off, without negotiating a "pay to delete", which is a payment in exchange for removal from the report, the collection may be paid, but the damage is still done to your score. Getting them removed as if it never happened is the best thing Also, another thing to keep in mind is that the last 24 months of payment history on all accounts affect your score the most. One thing that will help you out is by enrolling in PRBC. This is an alternative credit bureau that reports non traditional accounts such as rent, utlities, insurance, etc, to build credit. Also, back in November, they've teamed up with Fair Issac, in order to roll out a new FICO credit score called the FICO expansion score. If you pay rent and utlities on time, this is a way to boost your score.
Here's a press release
I also posted links to neogitate debt as well
Link(s) to debt negotiation:
Link to PRBC:
· 1 decade ago