Credit score will rebound, but it will take some time
News from Columbia Daily Tribune:


Dear Debt Adviser,

I have horrible credit, but I have recently righted my ship as far as trying to pay it all off. A few months ago, I paid off one of my outstanding debts. On my credit report, it is listed as “Payment after charge-off/collection.”

My question is this: Can I get this completely removed from my credit report, or is there something else I can do to look better? Also, my credit score is pitiful. Will it start to go up once I get all my bad debts and charge-offs completely paid?

— Donald

Dear Donald,

As you have learned, one of the consequences of not paying what you owe is “horrible credit.” However, with time, your credit will improve, and it is hoped you will have learned some valuable lessons that will prevent you from defaulting on future financial obligations.

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