i have bad payment history for a car; an overdue cell phone bill; i owe on a cash advance loan, and i owe a bank for overdraft fees.
it isn't much of an option to pay any of them off in my current situation. i go to school full time, and work full time.
2007-09-17 10:24:27 · 6 answers · asked by spinozajosiah 2 in Business & Finance ➔ Credit
start making your payments on time.
2007-09-17 10:56:45 · answer #1 · answered by Claudio 2 · 0⤊ 0⤋
The only way to rebuild your credit is to pay all your current bills on time. With all those negatives on your credit, you will have to start clearing them off.
Start with the bank overdraft fees. If you don't clear that up, you won't be able to get a bank account.
Maybe you should take some time off school and get a second and third job to get our financial house straight. Otherwise, you need to rethink your spending habits.
Your credit score affects more than just getting a credit card or a car loan. Your car insurance costs will increase and there are employer's who won't hire you.
2007-09-17 10:37:07 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
How much in dollars are you past due? How much do you bring home monthly after taxes? For now don't think about rebuilding your credit- you are getting ahead of yourself. First concentrate on not hurting your credit even further.
You need to create a budget that will allow you to catch up and then once you are caught up use the extra to pay off your accounts.
Call you creditors and tell them about your situation. YOU TELL THEM how much you can afford to pay this month and then work out a payment plan to get you caught up. In most cases this will prevent them from continuing to report negatively to the credit bureus.
Remember most negative info stay on your credit file for at least 7 years so the longer you stay past due the longer it will be before your credit inproves.
2007-09-17 10:38:17 · answer #3 · answered by Scott F 2 · 0⤊ 0⤋
You can raise your credit score.
First you have to learn how to eliminate bad spotd from your credit.
You can do it yourself or take help from experts.
Here are some tips How to Evaluate and Raise Your Credit Score
http://urlao.com/dhfn3
Best of luck
2007-09-17 18:41:50 · answer #4 · answered by Mike 1 · 0⤊ 0⤋
Hi.
This site is well recommended for bad credit repair:
http://fype.com/badcredit
2007-09-17 12:04:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
hmmm, im also in this program from newhorizon, they gave us a free credit repair and building guide/ebook....and its been helpful, i think you can still have it
2007-09-17 11:12:17 · answer #6 · answered by Gee L 1 · 0⤊ 0⤋