How can I get out of Debt- in a realistic way?

Question

I have 6 negative things on my credit. How to get my score up, they all add up to about 2,000.

Answer 1

If you have negative items on your credit, and you want to clear them, I'd suggest setting up a payment option. If you owe only $2000, that isn't to bad, as you can get it paid off in under 2 years at only $10 a month.
Paying a debt off brings scores back up, though it takes time, it looks better than ignoring it.

Answer 2

first of all, understand the process of repairing your credit is slow. you need to take a deep breath and tell yourself YOU WILL OVERCOME THIS. YOU CAN DO THIS.

no problem.

the first step is to consolidate all your bills, get a total amount of whats due and when. start paying your credit bills twice a month if possible. The first payment: Pay the smallest amount. The Second payment: Amount due then add $20-$50 bucks on to that.

Some ways to raise money:
If you're eligible to any state/goverment help apply at once. call your local state office to inquire. Sometime they just give you money, depending on who you are and what your situation is. Be respectful and humble.

Hold a yardsale each weekend. Gather up all your selling stuff and price it right. Ask your friends/family if they have any items theyd like to get rid off or donate to your yard sell.

If you have a nice or new car go to a car dealership and tell them your situation: "Im broke, I have this car, I need to trade this car in for another one with cash back at the end of the deal.." car dealers usually can help because they profit off the deal either way and so do you. CASH BACK is the target.

You can always rob a bank. I dont recommend this unless youre an extremely intelligent person.

Also, Call the people that you owe money to (banks, credit card companies ect) and let them know your situation. they are used to dealing with this but if you give them a heads up they usually try to help you and they are impressed when you tell them youre going to be late instead of just not paying it without contacting them.

So, start by paying off debts, contact the bill collectors, raise outside money, get creative!

Answer 3

You're not in debt that badly, really. Pay them back as quickly as you can, then keep them paid. You say you have six things - start by paying off the smallest one, then use that money to pay the second smalles, and on up. You'll be out of debt in and have a good credit rating in no time if you just have the will to stick with a plan. And cut up all but the card with the lowest interest rate, and use it ONLY when absolutely necessary. Good luck!

Answer 4

Pay off your most recent debts first, they have a bigger impact on your credit score than older ones. Make sure that you make some kind of payment on time. Do not allow anyone to make credit inquiries unless absolutely needed. (Don't try to buy a car at different dealerships, each one hits your credit) Credit Card companies would rather you keep some balance, call them and negotiate.

Of course the easiest way is to make more money.

Answer 5

first, look at all the APRs on the card, and cut up all of the ones with anything over 20%. if one of your cards has a 0% transfer feature, put all debts on THAT card and cut up all the others. if you can do that, you will only have one monthly charge to pay as opposed to however many cards you have out there with charges.

pay the minimum and then some if you can, but always the minimum.

try using a debit card in the future, that way you wont buy things if you cant afford it. $2000 really isnt that much. you can do it in a year if you really try (about 200/mo.)

Answer 6

Assuming your debt is from shopping (as opposed to emergency spending for medical and such), the first step is to change your spending mindset. Find reasons not to go shopping. Change the way you spend your energy. For example, make it a challenge to find ways to save instead of finding ways to acquire something. Downsize your quality standards and get generic items. Shop at Goodwill if you need clothing. Go for walks as entertainment, don't go to movies, etc. Conquering the mental block will be the biggest hill you will have to climb. Paying off the debt should follow in line after you change your mindset. Coming up with a plan to pay it off should be the easy part once you have stemmed the source of "bleeding".

Answer 7

Run away ? everyone else is doing it !