How to Raise Your Credit Score

[Mmulford94]

I wanted to know how i can start paying off my debt to raise my credit score and what it means when it says a debt is closed

[tagteam]

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@Mmulford94 wrote:
I wanted to know how i can start paying off my debt to raise my credit score and what it means when it says a debt is closed

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I have to assume that the account was charged-off or closed by the creditor (lender) and not closed by you.

In the case of the former, you should read the information at the link below.

https://www.creditkarma.com/advice/i/what-is-a-charge-off/

[AdrianG001]

1. Pay Your Bills on Time.

2. Get Credit for Making Utility and Cell Phone Payments on Time.

3. Pay off Debt and Keep Balances Low on Credit Cards and Other Revolving Credit.

4. Apply for and Open New Credit Accounts Only as Needed.

5. Don't Close Unused Credit Cards.

6. Don't Apply for Too Much New Credit, Resulting in Multiple Inquiries.

7. Dispute Any Inaccuracies on Your Credit Reports.

Regards,

Adrian

QuickBooks Cloud Consultant