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Updated about 15 years ago on . Most recent reply
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Boosting Credit Score??
I am helping someone sell their mortgage notes they create by them selling houses to people and taking back a mortgage and note.
My Question: Example:
The people have payed six months payments and have been on time. The payers have a 520 credit score. How much will the the scores go up if he reports the good pay history to the credit bureaus??
Thanks,
Gary
Most Popular Reply
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Well.. that's sort of a loaded question considering it is impossible for someone to report positive payment history to the credit bureaus on individual accounts.
The bureaus only accept positive info in batches of 100+.
That said... Negative info can, in fact, be reported individually, Go figure.