How can i eliminate my debt and get my credit score up?

Question

suggestions please???

Answer 1

Why YES YOU CAN! Stop shopping for a while and only buy the necessities. It took some time for you to get into debt...so it will take you some time to get out of debt. Why pay someone to fix your credit when you can do it yourself! A part-time second job to pay towards your debt usually helps the situation. Hopefully the job you currently have will allow for you to pay yourself first. If not, start saving half of your new PT income 1/2 for self and the other half save towards keeping up current accounts and towards paying off a target debt in a lump sum. Get in touch with the credit bureaus to see what you owe. Establish which debts are important for you to pay off first and that you can realistically pay off asap.These are usually debt that can affect you purchasing a home. Keep a neat file of debt payed off and letters stating Paid debt. Keep in touch with the 3 credit bureaus to make sure the paid debt is reported and you shall see your score rise. And as you are doing so, you will have money saved in the bank and your of proof attempts to make good on bad debt, Your bank or other banks will look at your differently. It sounds hard but I am going to be a MILLIONAIRE when I'm finished! I hope this helps.

Answer 2

Make a commitment to put a sertain sum towards you debt evey month. Let it be something affordeable, that won't undermine your well-being. If you set aside 1/20 of your every paycheck you won't evn notice that you live on smaller income. But make sure you set it aside, rather than "saving" whatever is left and putting towards your debt. Saving the leftovers doesn't work. Noone ever has leftovers, as far as money is conserned.

Make sure you're staying ahead of the APR: if your payments towards your debt are higher than monthly charge.

Read the wonderful book "The reachest Man in Babylon" it is a short and fun fairy tail that actually has a lot to do with real life.

Good luck

Answer 3

You will have to pay off your debt, and your credit score (if you were not sent to collections) takes time. I was sent to collections and my credit was ruined. I am now able to get a pre paid credit card to start establishing credit again. That was 7 years ago that a screwed my credit up btw. Hope this was some help.

Answer 4

Read this:

Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html

Credit Card Debt Management
http://www.debt-explained.com/category/Credit-Card-Debt-Management.html

How to Avoid Bankruptcy Explained
http://www.debt-explained.com/category/How-to-Avoid-Bankruptcy-Explained.html

Structured Settlements Guide
http://www.debt-explained.com/category/Structured-Settlements-Guide.html

Answer 5

I wanted to share this with anyone who is in need of start up capital. If you have bad credit this company will still give you a loan. The catch? Your looking at an interest rate of about 20%. However, once you start paying off the loan your interest rate can drop and your monthly payments will go down. They also report to all 3 credit agencies. I borrowed $15,000.00 ffrom them last year and have had nothing but a positive experience with them.

This is not some "fly by night" company and I do not work for this company nor do I get paid to pass on any info about this company. I am simply doing this to help others who are having the same problems getting a start up loan.

You still have to work,(I put in about 50 hours a week on my webstore), and you still have to be honest. I do not know ANYONE who works 4 hours a day and makes thousands in a week. That's bull****!

I put my heart and soul into my webstore and I simply needed extra funds for inventory to sell. By getting this loan I was able to buy inventory and my sales went up because I had better items to offer and a lot more to choose from.

If your interested please email me at [e-mail].

I cannot give this company name out on here. I do not have their permission.

One more thing....I DO NOT MAKE MONEY FROM GIVING THEM REFERRALS! I make my money the old fashion way.....WORKING FOR IT.

Answer 6

if you own a house, you can try and consolidate your credit cards with your mortgage- payment will be lower and your score and it will improve. if this is not an option- try to pay down your credit cards below 50% of the card limit( you have credit card with $5000 , try to keep balance below$2500) its helping a lot with credit score. none of the above? borrow money , pay your credit cards with that and pay the person your loan in monthly installment.

Answer 7

Get a second part time job,preferably in a diner or restaurant this way you can make some extra money and cut down on your food costs since you will be eating dinner here at no cost to your wallet.

Answer 8

list of all your debts, from largest to smallest, pay off from smallest first, then the next one, like snow ball effect. SAVE ABOUT 1000-1500 for emergency fund in case your car broke down or your house leak, using that money instead of credit card again. After paid it of, learn how to invest money, spend less than you make, control the urge for drive a fansy car or new stuff.
Put aside 10-15% of your 401k to owrk. Save for yourself first.

If I can do it,you could do it too
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.

http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live

At the age of 32. my 401k is amassed 71,000.00 and 30000.00 in taxble account. by follow simple rule

Answer 9

Stop spending money on things you don't need. Start a savings plan.
Pay off your debts.

Answer 10

read tips and articles on debt/credit on this site that will help you more