How soon/much my current Credit Score can GO UP ?
I need to fix my Credit History ASAP ----- Currently I owed $ 15,000 total in credit cards loan. All my accounts are about 3 years old and currently with Collections Agencies and most of my original creditors had already â€œcharged off the original loanâ€. I have total 7 different Collection Agencies trying to collect on me at this time.
Now Currently I am making payments only for my student loans and I donâ€™t have any other current / existing loans.
My Current credit score with Equifax is 607 and 573 with Experian TransUnion.
Now my question is if I make / Settle /negotiate / pay all 15,000 in next 30 days with all the Collection agencies. HOW MUCH MY SCORE CAN GO UP.? Can it go upto 100 points may be 50 point or atleast 20 point up.........
Please can someone tell me this so I can make a decision