previous bad credit help?

Question

i have had 5 credit cards go to collections and become closed. i then got around to finally paying them with a plan. well i now have paid off 4 of the 5 credit cards. the last one remaining is paid on a monthly basis on time. one of the ones i just paid off was at a lawyer firm and he said i made good enough payments to be put on a clear credit program, where i pay a certain amount, it gets paid off, and they erase it from your credit report as if it never existed. so my question is...being with that, if it makes my credit look better, what about the other ones i paid off, because i know they stay on your report for 7-10 years, so will that help me out credit wise, or just be one less negative thing? i am in need of getting qualified for a student loan and this delinquencies on my report are stopping me. help?

Answer 1

Paying them off was a good start. A paid/previously bad account looks better than one that is still in collections.

But erasing them as if they neve existed is even better. I would contact the companies you paid off and ask if they could remove it from your report. They may not do it, but it would not hurt to inquire with them.

Answer 2

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!

Answer 3

Pat off the remaing cards then get student loan good luck