Michelle
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thats the ONLY way to get good credit,, get out of debt |
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Pravda
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Of course you will, once you pay your debts then you Must stay current with your accounts and keep the balance low. I also have a web site that you can learn how to repair your credit.
http://www.thecreditrepairmanual.com
Good Luck |
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yagurlbubblez
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I have went with Renaissance Debt Solutions before, they can have you out of debt in 2-3 yrs. You can visit there site too if you want to
http://www.gogetoutofdebt.net. I am going on my 2nd yr now and it has been great. try it, maybe you will like it |
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spadezgurl22
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you need to make payments on time and you r credit score will go up, even if you cans surpass this debt at once, make minimal monthly payments and this hould help your credit in terms of buying a house! |
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Principessa
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It depends how badly you've ruined your credit. You can still have debt and decent credit. If you pay at least the minimum payment each month and pay all bills on time, you're fine. Just work at paying down the debt. Get an extra job, do whatever you have to.
NEVER miss payments... that's the #1 easiest way to rebuild and/or keep good credit. |
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malemute1
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yes....it depends on how bad you have damaged it. start making all payments on time, reduce your debt, and curb your charging. within a few years time you will have repaired your credit and will be fine. the key is that you must establish a baseline and NEVER make a late payment after that! It CAN take as much as 7 years to repair from that baseline date....but that is generally only if you bankrupt. |
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cbella06
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Yes you will increase your credit score by paying off all of your debts! I know it is not easy to get by sometimes and bills just keep on getting higher and higher just like the cost of living! Try putting yourself on a budget and pay a little bit here and there to the places that you owe! Also they do have options for home buys now to get help with down payment assistance from the government and also there is options for people with bad credit as well to buy a home! I would just try your best to do what you can and see what your options may be! It may take time but you'll get there! Believe in yourself, god wont make a mountain you cant climb! God Bless and Good Luck |
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smile4cobra
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Sure you will. As long as none of those creditors have a judgment against you...all bad credit will drop off your credit report in 7 years and you will start over again. Thats 7 years after the date of your last payment.
Depending on what state your in there are also statute of limitations on when how long a creditor has to even sue you to get a judgment. For example in California its 4 years.
But if they already do have a judgment, they can file and abstract and have it on your credit report for 10 years. In some states can can renew it once so thats 20 years and other states they can renew it unlimited. Thats forever so you really do need to pay off judgments. So call the bill collector or the collection attorney and give them a story about how your broke and as for a settlement deal...start by offering 40% and they will most likely say no 50% and than your in. Make sure you get a letter saying they agreed to settle for 50% before you pay out any money.
You know us bill collectors can get greedy and come up after you again after the settlement and if you dont have some paper from them saying they agreed...you are screwed.
Good Luck |
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the crusader
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Practically anyone can buy a house these days. Credit doesn't matter, somebody will give you a loan as long as you have a steady income and can put a significant amount of money down. |
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