I have really really really bad credit.... collections on top of collections due to school loans that have been charged off. Are there any agencies that can help fix my credit? I can't even get an apartment now.
2006-07-10 13:06:55 · 5 answers · asked by pluto 1 in Business & Finance ➔ Personal Finance
Get informed. Check this out.
http://www2.oprah.com/index.jhtml
2006-07-11 07:02:52 · answer #1 · answered by -:¦:-SKY-:¦:- 7 · 0⤊ 0⤋
Unfortunately I have to agree with the first two, the only one that can fix it is you. I would have suggested in the past to consolidate, but most of these companies charge you a fee to do that. They take about $50 off the money that you send them to pay your bill, and sometimes they don't pay it on time and you still suffer; any extra money you have should go towards getting you out of debt. Get a copy of your credit report. Go to freecreditreport.com. There are three reporting agency and usually they have a phone number and an address listed. You want to go through your credit report and make sure that you don't have anything on there that does not belong to you. If all the debt is yours you want to contact all the companies you owe money to and arrange some sort of payment plan. Negotiate a cheaper interest rate with them by talking to the manager only, because they are the only one with the power to make changes. You want to then make payments on your bills on time every month. The most important word in that sentence is on time. If it is late it will further damage your credit. After you have paid off your bills, you can then send a copy to each credit reporting agency, that is the fastest way for them to fix your credit. I know this road seems long and overwhelming, but if you stay the course, and pay off your debt, you can then improve your credit scores and more opportunities will open up for you. What you need to know is when you are late on your credit card payments, you might start off with a low interest rate, but one late payment will lead you to have your interest rate by the company who gave you the loan, to increase to about 30%. So make sure to be on time, even if it means to get it debited from your account. One more thing, you should consider paying off the lowest bills you have first, believe it or not you need motivation and some sense of immediate satisfactions to help you stay the course. So start with small bills and has you pay them off, you will feel some sense of accomplishment. I wish you the best of luck and I hope I was helpful.
2006-07-10 16:26:12 · answer #2 · answered by ? 5 · 0⤊ 0⤋
maximum mastercard compainies provide what's termed a secured mastercard.. basically you pay them shall we are saying 100 dollar deposit and they components you with round a three hundred dollar reduce... after a year or so as that they are going to up your credit see you later as you paid a minimal of the mimimum fee and didnt max it out... beginning out is sluggish and also you wont hit upon a employer wiling to provide you a non secured card beginning out because of ways the econmy is now... i propose capital one they're truly good and helpful to people attempting to start up a credit heritage
2016-10-14 08:10:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the only one who can fix your credit is you pay off some of the bills that you can and hang in there.
2006-07-10 13:11:03 · answer #4 · answered by lynnepeterpan 4 · 0⤊ 0⤋
in your situation go to www.clarkhoward.com ..there on the main menu page is a credit fixa site U will love...and the help U..I'm on there too..
2006-07-10 13:13:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋