Can some please tell me a free and legal way of fixing my terrible credit financially helpless right now?

Question

What I have on my credit are lot of hospital bills that went into collection. The sad part is at the time I worked for a state hospital which provided free healthcare coverage. I left that job to go on to another job and had the new jobs health insurance. I went for a routine visit at the hospital that I use to work for they had both insurances list from both jobs I explained to them to use the new and not theirs to my surprise 2 years later I found out that they tried to bill their insurance which was not valid. They sent it to collections and they took my tax return with out notification until after I got a letter from Irs instead of a check and it's not showing up in the credit report as being paid. They have been taking my tax return for the past 5 years. So as for the Guy who said pay I pay my bills on time and I live within my means maybe I should have been more self explanitory.

Also to Quixotic i'm not looking to obtain a credit card or anything I can not pay for in cash I just want to resolve my credit issues besides everything I own even down to my car a 2000 olds Alero is paid for. There are things on my credit that i dont even know where they came from. Some have me listed with a middle initial in my name I dont have a middle initial i just want to know how to go about getting the stuff removed in a legal way.

Answer 1

Over on my answers profile you will find a link that will help you repair your credit.

Best of luck,

Answer 2

Well if there are things on your credit report that are not true? You can contact the credit bureaus and dispute them. They then have 30-days to prove that the information is correct or they have to remove them.

Other than that you can pay your bills on time every month and wait for the bad stuff to drop off. Between the two you will increase your score. This may take several years since negative things show on your credit for 7-years unless it's a bankruptcy and they show for 10-years.

The other thing you could do is get a credit card, use it for everyday purchases like gas and food being careful not to exceed 30% of your limit in any given month and pay it off before the due date. Or if you have a family member that would be willing to add you as a authorized user to one of their good credit card accounts with a long pay history, this would also help your score.

Answer 3

Explain the credit problem further...if you can, save up your money and get a debit card or apply for a signature loan with savings or car as collateral--the rate will be high but don't use the money for anything other than paying off the loan and pay it off in like three months to hold down the interest payment....make your payments on time and don't borrow more than you can pay off in a year without sacrificing.The lending institutions will see that you pay on time. If you get a debit card, never use more than half the credit limit and pay it off each month...try not to carry more than 50 percent balance...gradually apply for more cards and don't use them....creditors look to see how much available credit other places have given you like department stores or gas cards and if you carry a low or no balance from month to month, it will greatly improve your score. Be patient, it may take a year or so but it will get you out of a hole. Just don't spend more than 80 percent of what your income is and also open a savings account if possible, even if it's only 50 bucks.

Answer 4

There isn't a quick or easy way to do it. If it's terrible, will probably take a couple years at best, and even then, the "fix" will be limited. It takes 7 years for the negative items to drop off your credit report, but if you have a couple years of a good record, that will help some.

You need to live within your income - if you can't reduce expenses, the alternative is to figure out how to increase income, maybe with a second (or even third) job.

Then you need to start paying off the people you owe. If you have high credit card debt, talk to the lenders, they might reduce interest and late fees for you, although you'll probably have to quit using the card until it's paid off or at least way down.

It took time to get where you are, it will take time to dig out, and it won't be easy but can be done.

Good luck.

Answer 5

I don't think there's a "legal" way to fix your credit immediately. Unfortunately, you have to go with the typical: pay your bills on time, payoff credit cards and keep only the ones you need, open a savings & check account.

Answer 6

Here's a simple free one - pay what you owe.

But I'll bet the answer you were looking for involved improving your credit and not paying what you owe.

Answer 7

I might spoil you through purchasing a few so much wanted garments. I handiest have one pair of denims. And my children want stuff too. I might handiest get me 2 pairs of footwear...Sneakers and one pair of get dressed footwear.