I have four collections on my report my questions are if I pay them off will it raise my score and does anyone out there know of a reputable company that you can buy seasoned credit?
I have never heard of "buying" credit on a personal level, I have heard of people selling shelf companies with supposedly good credit.
As far as paying off your collections, it will really have not affect on your score immediately. They will need to start getting older about 2 years before you will see any real affects. You can always pay them off and the wait a month or so and dispute them. Sometimes you will get lucky and the colletion group will not verify the information once they have been paid, as that is all they care about, their money.
I have never heard of "buying" credit on a personal level, I have heard of people selling shelf companies with supposedly good credit.
As far as paying off your collections, it will really have not affect on your score immediately. They will need to start getting older about 2 years before you will see any real affects. You can always pay them off and the wait a month or so and dispute them. Sometimes you will get lucky and the colletion group will not verify the information once they have been paid, as that is all they care about, their money.
Good Luck.
This post may help.
http://www.thecreativeinvestor.com/ViewTopic40641-27.html