The Oracle
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Ok. If you are not working two jobs. Start as soon as possible. The problem you have now is that you do not have enough income to pay off your debts.
Also, the debtor can resist having this wiped off your record if you had agreed to pay an existing balance. If no such agreement exists, then yes. |
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Mike
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You dont dispute the stuff off, it will drop off on it's own after 7 years has passed. The last activity date is on the credit report for the loan.
To get out of debt quickly, just spend as little as possible to live, eat at home and cheaply, and put every penny you possibly can towards your debt. |
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melzmar
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You probably should have managed your money more wisely in the first place, but you should talk to a debt conselour. |
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Thomas T
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Try to visit " www.debtsawareness.com " to find out more details before you act. All the best. |
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Celestial
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I don't know about the dates, but here is how I got out of debt:
1. got a night job working at a hotel (I worked from 3 p.m. to 11 p.m. after my teaching job). I made about $700 or $800 a month that way.
2. I moved into a somewhat crappy apartment with a roommate which saved me about $500 a month. Some people move in with their parents, but I would rather die.
3. I ate a lot of cheap, somewhat bad food (like Chinese, which I would made last for 3 meals or peanut butter on rice cakes). I was thinner back then!
4. You could also consider bankruptcy. If you make less than 40K a year, you should be able to get rid of all your debt.
5. Take out a certain amount of cash on payday for the next week and only spend that amount on food, gas, and going out. That helped me a lot too.
6. Give up things like smoking and drinking which cost a lot of money.
7. Don't join a gym. Work out at home instead.
8. Don't own a car and try to live in a city and use public transportation.
9. See if any friends will let you live with them in exchange for cooking, chores, etc.
These are just some things that I have tried or friends have tried. I'm letting a girlfriend of mine live with me for awhile so she can catch up on bills. In exchange, she'll pay me a little money and doing some household chores that I'm too injured to do right now. |
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karnythia
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You can push to have the repo removed (which will obviously help your credit rating) and if you have any credit card debt try to arrange a settlement amount so that you can pay that debt off quickly. Make sure to pay your utility bills on time and as you drop off the bad things, do not seek new lines of credit. Instead try to get everything paid off and spend a year or two living frugally and building up some savings so you don't have to rely on credit in an emergency. |
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manto
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Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.
http://debt-trap.com/category/Debt-Consolidation-Basics.html |
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jon jon's girl
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You don't have to do anything. It will not show up on your credit report after 7 years. Work 2 jobs if you must to start paying off some bills. What bills do you have? credit cards? You may want to consider consolidating to one credit card and pay as much as possible every month. If you dont want to consolidate then pay minimum payments on all except the one with the smallest amount left. work on paying that off first. pay as much extra as you can on that one. dont forget to make a note that any extra you are paying is to be "applied to principle" (assuming they will do this) that way its being applied to the principle of the loan and not interest. make sure no payments are late. Once that one is paid off-work on the next one with the smallest amount owed
good luck |
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L
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Use a debt consolidation company. Then make sure you make enough to pay it perfectly. When I met my husband he was in a lot of debt but used this company which made all his into one and he paid it off in a few years.
His credit is now above average and he was in way more debt than you described. The people who work for the company are very willing to help you figure out what to do. |
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lfh1213
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If you have a way to get $21,000 quickly--and legally--let me know how it's done! You're doing the right thing by paying your bills--even if slowly. If the car was repo'd and resold, you owe only the remaining debt after the sale amount. The last active date should be available from the credit reporting companies. |
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sharmel
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I'm not trying to be harsh, but the key word you used in your post was "quickly" and that dog don't hunt. Let me take the "tough and honest" approach and remind you that you got yourself into this mess, gradually, over time, because you didn't take care of business when you should have. You know the way the ultimately successful person deals with this kind of situation.? He sees it not as a "MESS" but as opportunity knocking..... a chance to make a total life change, straighten out the mess and make it a real learning tool to go forward into the future with a newfound "sense of self"
You know what you have to do. The way to get out of a hole is to quit digging and start scratching and scrabbling your way up and out.. Go to the people you're in debt to, fall on your sword, tell them you have "seeeeen the light" and understand how badly you have managed your affairs. But now you are ready to pull yourself out of that dadgam hole one way or another. If they can give you a little trust and help you to do that.... humans have a very odd way of responding to the "underdog who's trying".
So contact the people who are involved, make your pitch (but be damn sure you are sincere, or you will fail miserably), and then start clawing your way out of that hole. Amazing how, when people see you trying, get inspired to reach down and lend you their hand. |
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Hi My Name is
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fake your own death |
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mrs.puckett
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Okay I know this sounds cheesy and I may get some thumbs down.... but I know many many people who have had serious results using Dave Ramsey's plan of getting rid of debt. He has books and tapes and all sorts of educational material out to help you pay off your debt and there are seriously people who swear by it if you stick to it. So there is my answer for what its worth. |
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jthagreat04
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Well with credit card debt, you can ask for your interest rates to be lowered by simply calling on the phone. with it be mainly past due bills i am not sure. If its credit call and ask to lower the interest rates. |
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Dr. Deth
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no guarantee they WILL reduce your rates by enough to make any difference. I had a card with a $5000 limit on it, a 31,9% rate - zero balance - and hadn't used the card in a year. I called and asked them to lower the rate - they said they could go down to 27.9 or maybe even 24.9 - I told them that wasn't enough and if they couldn't do any better - to close out the account - which I did. No use keeping a card I could never afford to use again - I have others available, and their limits have increased (all zero balances) and my credit score is above 720-just checked it today, so closing out that $5000 available credit didn't really hurt me |
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mike t
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Please go for some credit counselling. You may need to claim bankruptcy. It will give you much needed relief if you do this soon. |
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carolinemy77
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get on a bare bones budget and start attacking your debt. Pay your smallest debt off first and work your way up to the largest. Cut up ALL credit cards. You might want to listen to Dave Ramsey, he is a financial wizz. It will not be easy, remember CASH IS KING!!! |
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perfecsaiyan
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One tip I could give, is to calculate how much you're bringing in every month.
Decide which debt you want to pay off first, pay the min on all other debts, and pool as much money as possible to pay off the debt you want. |
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