I am in debt about 6000 dollars can someone give me advice how 2 get it fixed please
2007-01-21 06:43:38 · 7 answers · asked by ezmoney7172 1 in Business & Finance ➔ Personal Finance
If you have delinquent accounts on your credit call those who hold that account and ask them to settle with you. usually they will settle for 30 to 70%. After they settle with you, pay them, you must pay them within 5-7days(the full settlement). Make copy of your receipts and mail to that company along with a letter asking them to bulls eye it from your report. For those who won't settle, make payment arrangements with them but be sure those arrangements are well within your budget. Two things you definitely don't want to do is consolidate your debt because in the future when you try to open new accounts they will review your history and say you could not manage your own finances because you consolidated, and second don't fall for someone telling you they can clean your credit by paying them a small fee. 99% of the time its a scam. Do not try to open any new accounts for at least a year. Don't let anyone pull you credit for any reason. Bulls eye mean that once the account has been paid out in full the company will remove it from your report completely ( its the company choice if they want to do this or not)
other wise your report will only show a 0 balance. Be sure to make a log of all these accounts and highlight them as you pay them off, keep a receipt and also log their numbers and addresses down. Make sure of this because most companies sell you to other debt collectors and you could be paying them twice. Good luck!
2007-01-21 07:07:59 · answer #1 · answered by Netta D 1 · 0⤊ 0⤋
Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-consolidation.htm
if it helps kindly remember me in your voting!.. cheers!
2007-01-21 23:45:50 · answer #2 · answered by gabriel jones 4 · 0⤊ 0⤋
The only way to improve your credit is time. Pay your bills in a timely manner and do not open up any further credit. If you establish a track record of financial responsibility it WILL improve your credit tremendously. Also, if you're thinking of using one of those "credit cleaning" services, don't. They do not work and all they will do is take your money, usually in the neighborhood of $400 or more. No one can remove deragatory information from your file if it is accurate. But over time it will lessen in it's impact on your creditworthiness.
2007-01-21 08:39:26 · answer #3 · answered by douglas l 5 · 0⤊ 0⤋
Simple. Discipline yourself; spend less than you make. Cut up your credit cards and pay off that 6k.
2007-01-21 06:55:06 · answer #4 · answered by Chris Chris 3 · 0⤊ 0⤋
Pay your bills and on time then you will build your credit back up.
2007-01-21 06:51:01 · answer #5 · answered by Tink 5 · 0⤊ 0⤋
sure, you can use http://www.mycreditadvise.com and there you'll find tips and advice on credit repair.
Good Luck,
2007-01-24 06:57:50 · answer #6 · answered by Anonymous · 0⤊ 0⤋