What is the best way to repair credit quickly, consolidate all bills in collections? Please ....help!!!!?

Answer 1

If I understand your question, you are having difficulties making the monthly payments on debt. Consolidation is not really a good answer because your credit score is probably pretty low right now and if you can get one your interest rate will be pretty high. You may also have credit cards still available and you could (and most people that go this route do) end up running up the credit cards again. Now you have twice the debt and no solution.

There are a bunch of scams out there and a lot of people that will try to rip you off under the guise of repairing your credit. Go with a reputable organization that will help you and not rip you off. I have worked with Consumer Credit Counseling Service for a couple years and they have been great. Check them out at: http://www.cccsintl.org/

They can help you work with your creditors to reduce payments and interest and they have educational information to help you to manage credit better.

Good luck!

Answer 2

If you consolidate all your bills by joining a debit collection agency - where you pay a monthly amount is not a bad way to go - but you have to understand - if you own your own home that is considered a CCC, and it is rated just like a BK (Bankruptacy). Call your credit card companies, yourself - see if they can lower your interest by making a payment plan for you - some times they will work with you. The CCC company's call them and make arrangements with them, so you can do it also, - If you can qualify for a small loan at a credit union, or parents can co-sign a loan for you, you pay off all your high debit with the loan, and re-pay your parents in a timely manor and that is reported on your credit report. Visit this link:

www.nationalscoreindex.com

also view your credit:

www.annualcreditreport.com

Answer 3

There is no way to quickly clean up accurate credit reports. However, a legitimate Credit Counselling Service can arrange favorable payments, usually at decreased or no interest as long as you pay on time each month. Caution: Don't be confused by all of these companies that blast the television ads. Call your local consumer advocates or talk show by consumer experts and they will refer you to a legitimate non-profit. In Atlanta the best is Consumer Counselling Services of Atlanta (been around forever). You will need to explore the services in your area. Remember that negative notes on your credit report must come off after 7 years. The sooner you start the better off you will be. Hope this helps.

Answer 4

join a debt consolidator. Your credit score will be dropped but if you're in collections and having hard time maknig payments then it won't really matter anyways. your goal is to clear the debt or get in under control. you can stay with a consolidator for a short while until you can get you bills on time and back on your own feet. you own a house? refinance. quickest way to clear debt and start over.