I been like report four times to the credit union from four different companys for not paying back what I owe. I do want to clear that out so that I can have a better chance to apply for a car purchase or house.... any ideas? am 22 btw if age means anything.
go to shitty car lot, buy shitty car that has one them guarantee loans.. pay it off. get better car, get better credit, continue...
they call that consolidation loans be careful...most of them are scams the best advice was already given....pay your bills on time
You can do that yourself. Contact each party that you owe money to and make a realistic repayment plan with them. Ask if they can in good faith lower the interest that was accumulated and negotiate a pay back amount. Most companies would rather get part of what they are owed then nothing. It also costs them money to hire a collection agency to try to get it so that cost sometimes can be negotiated with them and they will forgive part of the amount. Make sure they are willing to sign a release on repayment being completed and then have that also added to your credit report. Then slowly rebuild your credit. Good luck.
i use credit cards for the sole purpose of building credit.. small monthly charges and pay it off in full every month. before i got a credit card i started out with a shares secured loan at the bank. anybody can get them. loan of about 250 bucks and about 40 something bucks a month payment for 6 mos. very little interest and it builds your credit..
pay off your credit card completely asap then use your card regularly, but not much of it...i've been told by financial advisors that you should only use a portion of your credit limit when trying to better your credit. say your CC limit is $500...i wouldn't put more than 50-70 dollars on it at a time and pay it off frequently. i use my cc for gas every time, and pay it off every week or two, just to work on my credit. there may be better and faster methods, but i thought i'd chip in....even though i am a WOman
several articles i read recommend using no more than 30% of your available credit to build a credit score.
...and if you're going to buy something that you know will take a while to pay off...do not use a high interest credit card...once your credit is good again ask your bank for a line of credit...the interest is peanuts compared to credit cards
Most people i know who have debt tend to buy shit that is completely unnecessary. Even if it is only $2.50 at the time. small things add up to something big
The question you need to ask yourself is, "Is it really in my best interest to work within a system that is designed to exploit me?" Money is the root of all evil, and banks the root of money. The banks, like any corporation, only care for profit. They aim to make you their slave through compound interest. Free yourself now.
