I have 20+ negative accounts on my credit, about half are paid in full or paying as agreed, however there are a lot of things that are still outstanding (as in collections)! I have about 12 hard looks or whatever at my credit! And I have 1 good standing account and that's it! Sad huh! Well I would really like to try and pay everything on my credit off and get in good standing with everyone but of course it's not like I'm rich or I wouldn't be in this prediciment! So if anyone knows of anyway I could get a personal loan so that I can pay off my stuff and work on building better credit please please please let me know!
2006-06-23 12:11:00 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
I really don't think you would get a loan with 20 negs and only 1 positive. Well, you might but you'd be paying out the **** in interest.
You should concentrate on learning how to deal with the baddies on your reports.
Alot of how you deal with them depends on how old the accounts are and if you are still within the statute of limitations (SOL).
You should have requested a deletion when you paid those accounts.
But, you can try and dispute the paid negative accounts with the credit bureaus to try and get them removed.
If some of the credit was sold to a collection agency, and you are out of SOL, you might think of sending debt validation letters to the collection agency's and disputing with the credit bureaus. Just be sure you are out of SOL before doing that.
If you have some credit cards that are still with the original creditor, you may be able to re-hab the cards. That would mean making an agreement with the original creditor that you will pay (or make payments) on the accounts and when they are paid, you will be allowed to keep the account open.
Just be extremely careful when doing something like that. Making a new agreement with the original creditor "will" reset your SOL. If you miss a payment or fail to pay at all, they will have a new 7 year clock to report and reset the state SOL for collections or suing. So, if you make that agreement, stick to it no matter what.
You might go to the site that I have listed and do some reading on how to deal with cleaning up your credit.
2006-06-23 14:30:20 · answer #1 · answered by echo 7 · 1⤊ 0⤋
The best thing to do is leave the bad accounts alone. The longer its been since the account had activity the less it affects your credit score. Lets say you had an account from 2 years back and you made a payment on it, the date of last activity is now 2006. By making a payment on it you score could decrease. Look into getting a secured credit card to help build your credit
2006-06-23 12:18:14 · answer #2 · answered by bike bandit 2 · 0⤊ 0⤋
Loan
2015-05-01 23:27:08 · answer #3 · answered by domenica 1 · 0⤊ 0⤋
DO NOT GET A LOAN! Don't even think about it. Your already
in the hole for big bucks, you cannot afford to take a loan. You
cannot afford to have more debt.
Your time & effort would be better spent getting your finances
in order. From what you wrote, i'd advise you to calculate out what you owe, work out a budget & a re- payment plan, and
start making payments. In time, you'll get out of this mess.
Good Luck.
2006-06-23 15:35:55 · answer #4 · answered by rpf5 7 · 1⤊ 0⤋
click on my pic to go to my profile
i have a bad credit link there i think you will find very helpful in finding a bank or lender for a loan
2006-06-23 12:44:09 · answer #5 · answered by umdanddvd 3 · 0⤊ 0⤋
With that credit, you couldn't finance steam off a hot lunch!
2006-06-23 15:21:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Pay em off, or chapter 7, then NEVER BORROW MONEY AGAIN.
That's the way I live. It's amazing how much money you can save when you have no payments..
2006-06-23 12:20:02 · answer #7 · answered by kvuo 4 · 0⤊ 0⤋
There is a lot of good info on this subject right here.
2006-06-23 20:22:42 · answer #8 · answered by Anonymous · 0⤊ 0⤋