When i was 18 years of age,i received a credit card and max it out.Stupid me. Now 28.I want to build it back up what do ido ?I owe about $6000 total . $ 2.000 was withdrawn by me and uncle sam asked for $4.000 in interest.Rip off.If you do the math that was 10 years ago. The bank was discover.Thank you .This is a serious matter.
2006-07-08 01:56:46 · 8 answers · asked by gdoginya 2 in Business & Finance ➔ Credit
You need to go to http://www.creditboards.com
and read, read, read!
2006-07-08 02:01:01 · answer #1 · answered by Rob W 2 · 0⤊ 0⤋
continue to pay off what you owe. call them for a payment plan if you don't already have one. get a copy of your credit report - you are entitled to get a free copy of it every year, there are places online that will give it to you just do a search or contact the three companies experian, trw and equifax for their report on you and make any changes or corrections that may need to be made to EACH of their reports.
in the meantime continue to pay your other bills on time and don't sign up for any credit cards, loans, etc. because they all show up on your report and may affect the way they look at your credit.
it's a process, but worth it. good luck
2006-07-08 02:04:11 · answer #2 · answered by island3girl 6 · 0⤊ 0⤋
That wasn't Uncle Sam taking interest. But the bank.
2006-07-08 01:58:52 · answer #3 · answered by PDre 2 · 0⤊ 0⤋
Pay off what you owe first. It will be much easier to re-establish credit once you are debt free.
If you can't pay off what you owe, why would a bank or department store be willing to lend you more money?
4000 in interest? You must have had a huge bill that went unpaid for a long time.
2006-07-08 02:02:47 · answer #4 · answered by fcas80 7 · 0⤊ 1⤋
Pay it off. Get another credit card and charge small amounts. Pay just over the min payment every month. That'll build your credit back up.
2006-07-08 02:00:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i recommend paying double triple or more payments, obviously you have not been paying more than the minimum, cut the card up so you can no longer use it, and its not uncle sam wanting the 4000 its the bank and its greed.
2006-07-08 02:00:27 · answer #6 · answered by Dayof Defeat Killa 2 · 0⤊ 0⤋
Plenty of good advice here.
2006-07-08 04:08:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
CHECK OUT www.jicinvestments.com FOR MORE INFO. IT REALLY WORKS.
2006-07-08 18:27:04 · answer #8 · answered by Anonymous · 0⤊ 0⤋