So, long shitty story made short:
I was married to a Bad Guy with addiction issues. He cheated on me, etc., I began divorce proceedings. The divorce decree stated that all debt was the responsibility of the person who incurred it. Bad Guy had ~$2400 in medical debt for a failed rehab stint. He signed the papers agreeing to pay it, but because he sucks, he didn't pay. Thus the debt went to collections, and my credit score plummeted from 750 to 650 (because debt collectors don't acknowledge divorce agreements).
Fast-forward to now (3 years and one long drawn out court battle later): my ex-husband has now FINALLY paid the debt in full. But my credit is still terrible, and I'm guessing it will be for a while. So my question(s) remains:
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How long before my credit begins repairing itself?
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How quickly can I expect it to repair?
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Now that the debt has been paid in full, is there any way at all to get that mark removed from my credit record quicker (I know they drop off 7 years after moving to collections)?
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Failing that, are there any other steps I can/should take to raise my score more quickly?
Information to consider: Located in Wisconsin. I have a few credit cards (3-4 cards of varying ages, oldest was opened in 2011- I started building credit late in life, unfortunately). I use 1 as my primary and purchase basically everything on it, but pay off immediately. I've never paid a bill late in my life. I have no outstanding debt (student, vehicle, credit card, or otherwise). I'm 28, and would REALLY like to buy a house in the next year, but my credit is holding me back even though, in reality, I'm financially responsible and should have Very Good Credit.
Thank you in advance.
TL;DR: Ex-husband didn't pay debt as agreed, it moved to collections, ruined my credit. It's finally been paid- how long will it realistically take for my credit to get back up over 700?
Submitted April 27, 2017 at 03:49PM by OminousRectangle http://ift.tt/2prb2Td
