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    karenlynn8's Avatar
    karenlynn8 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 4, 2008, 01:43 PM
    Credit repair
    I am trying to improve my poor credit score of 563. There was a few times I was late on my mortgage plus I have a couple judgements. Every time I pay my mortgage on time will that improve my credit score, monthly on-time payments? Also, if I pay off a judgement completely, will that improve my credit score as well?
    Thanks in advance for your help.
    Karen
    CaptainRich's Avatar
    CaptainRich Posts: 4,492, Reputation: 537
    Cars & Trucks Expert
    		  
    #2

    Feb 4, 2008, 04:03 PM
    Yes, every little bit helps.
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
    Uber Member
    		  
    #3

    Feb 4, 2008, 06:03 PM
    You also need to see how many credit cards you have balances on. Sometimes when you have no balances on credit cards it actually makes your score lower. Also the judgments need to be addressed. Pull a credit report on yourself and see where the figures are holding you back for yourself.
    wewed100606's Avatar
    wewed100606 Posts: 228, Reputation: 36
    Full Member
    		  
    #4

    Feb 4, 2008, 06:08 PM
    Every on time payment helps. Especially mortgage payments as they are valued differently than credit card payments. Your judgements once satisfied will instantly help your credit. They will remain there for some time, but they will be listed as "satisified or paid or settled".

    Credit makes or breaks you in America as sad as that is. It is easy to hurt and harder to fix, but the one thing that always helps is paying off, and paying on time.

    I wouldn't beat yourself up to bad. I would be willing to bet with the judgments taken care of and a few on time mortgage payments with no other hiccups and you will be hovering in the mid 600's which will let you get financed on anything, planes, trains, automobiles, etc.

    Good luck!
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