2006-07-17 08:56:43 · 5 answers · asked by digintothepast 1 in Business & Finance ➔ Credit
Okay - medical debt, student loan debt - things that are essential or self-improvement or business - those people are more understanding. Credit cards and frivolous things - those they frown on much more. But bottom line - pay the minimums, and if you can't pay that, pay SOMETHING to EVERYONE. And work out payment plans, most will be flexible rather than risk losing you completely.
And forget about bankruptcy - the law changed in the last year, and what little protection it gave you hase been reduced.
2006-07-17 09:04:12 · answer #1 · answered by thedavecorp 6 · 0⤊ 0⤋
pay all your debts. buy something like a tv or a computer from a place like Conn's. Just pay the balance every month for the term of the contract. Sometimes if you pay it off too soon, it wont help your credit.
Don't get anymore credit cards. Don't close credit card accounts. Don't buy on credit what you know you cant afford to buy with cash at the end of the month. Like clothes food and everyday things.
2006-07-17 16:01:57 · answer #2 · answered by ♣ 4 · 0⤊ 0⤋
Time is the best way. Plus at least paying all your bills on time. Paying them off helps but not as much as some people think. Cause if it's a credit card and it's paid off then it's eaisier for you to go max it out again! My mom (responsible for college loans) totally messed up my credit by missing payments for 4 months in a row twice. It took a couple years but my credit has rebounded by 300 points since then just by me paing all my bills on time!
2006-07-17 16:01:14 · answer #3 · answered by jmdavis333 5 · 0⤊ 0⤋
Okay, it sounds like you have debt, which is hurting your credit score? If that's the case, I guess what you need to do is show responsibility with the debt you currently have--make payments on time, get them paid off, etc. If you have any debt with the IRS, that should be first priority. Second, in my opinion, are any debts that have high interest rates or high fees.
2006-07-17 16:04:43 · answer #4 · answered by Kiki 6 · 0⤊ 0⤋
Pay your utility bills on time no matter what. That really does go against or for your score, depending on how you pay them.
I would suggest getting a credit card for just those bills and paying it off each month that will also boost your score.
2006-07-17 16:02:10 · answer #5 · answered by Biker 6 · 0⤊ 0⤋