Credit Score

[Pushead2]

So my credit score is considered average, but upon looking through it recently, I have one card that went into collection in 2010.

I clearly remember having it, being a jackass when I was younger and I just let it go thinking it was no big deal. After doing a lot of research, it seems like there are a bunch of answers on what I should with that collection.

I would like my credit score to improve (who wouldn't?) but some people have written that it could possibly bring my score down because it would make it "recent". Other people have put to let it take its course for 7 years and it'll disappear.

Has anyone here gone through the credit rebuild? Or even my situation of just trying to get it from average to great credit?

[Tytanium]

Originally Posted by Pushead2

Yeah I'm torn about it, but you have a good point.

I have a great job, a car I own & I figure now is the time to take care of it fully since I just turned 30.

It's better to do it than to not. Something like that might mean (for simplicity's sake) having to only put pay a move in fee on a nice apartment in a big city versus putting 3 months worth of rent down. An apartment in Minneapolis I was looking at was $1800/mo, and having to put down almost $6000 before you even move in would just plain suck.

In this society, you live and die by your credit score if you don't want to save up and pay cash for everything.