 A collection agency drained my bank account, how can I get my money back? |
| I owe a few hundred dollars to my credit card that I hadn't been able to pay yet because of financial difficulties. I recently received a long overdue check from my previous employer for about ... |
|
 Should I pay it off all at once? |
| I have a credit card that was cancelled. (We had a rough couple months) It had a very small limit on it. $300. There's $150 left owing on it, and my husband and I are having differance of ... |
|
 Will paying off my loan early lower my credit score? |
| I have $140 montly due for my student loan, I want to pay the $1680 once a year insted of remembering to write a check (or worry about what is in my bank account if i set it up to withdraw ... |
|
 Is it smart to get a credit card when i turn 18?!? |
im 17 now, and im thinking of getting a credit card to buy alot of stuff i want, plus of course college supplies etc.
what do you think??... |
|
 I have a credit monitoring system and my recent credit score was 635? |
| I went to pull my report today and it dropped to 598 I had to charge some medical things for a family member for about 2,000 dollars and used a couple hundred on another card. DO you think that'... |
|
 I was late on my credit card payments for three straight months. How much will that affect my credit score? |
| My credit score was 750 before this happened and I have not checked it since the late payments which were Mar,Apr,May of this year. My wife was handling the finances and payed a $50 minumum payment ... |
|
 What is the best way to handle outstanding debt? |
| I have previously asked a question and have not got the answers i was seeking. I have a credit card debt that is over 9 years old. I understand all of the legalities of the situation concerning the ... |
|
 Is there a possible way to live without credit? |
| Don't you hate being a slave to banks and credit card companies?Even when buying a house, which people think it's theirs but it actually isn't until it's completely paid off like ... |
|
 Can a collection agency for a way over due payday loan call the cops on you have have you arrested? |
| Way back in Nov. I had taken out a payday loan, well when it came time to repay I didn't have the money so I took out another loan... I have 7 outstanding loans now..... BAD DEAL!! Well they ... |
|
 Past Due Credit Card? |
| Hi. I have a credit card in which the minimum payment is now $800. It started out with an overdraft and a late fee, and the minimum was $150 which I could not afford, then it has just went up since ... |
|
 Repairing my own credit report.? |
| I have decided to start repairing my credit on my own. I have a few paid collections on my credit report. Do I contact the collection agency who reported the bill or exquifax to have these items ... |
|
 Im going to open a credit card acount to get my credit score up but I don't know any thing about the credit |
| termonology and where can I learn about choosing a credit card that's right for me and not to expensive?... |
|
 My fico is 610, income 65,000/ fiance 680 income 50000. Should we apply for home loan together or just him? |
| Should he buy before we get married. my low FICO is due to past charge offs that are about 5 yrs old. We would probably qualify for more money if my salary were included, but we don't want to ... |
|
|  |
George | I have a step-son with a good job but poor credit. How can he improve his score? |
|
 |
 
Lori A
|
Pay off his debt. Period. If he owes anyone and is delinquent, nothing else he does is going to help.
Once that is all clear, he really should live on a cash only basis for a couple of years to learn to manage on what he makes. If he can put together savings for a car or house down payment, and all his debts are long paid off, he'll have no problem getting a loan and that will be the first step back up to good credit.
THEN he can think about getting A single credit card (shouldn't have more than 2, period). |
|
echo
 |
He needs to deal with his bad credit.
If the accounts are with collection agency's, just paying them will not improve his score. Due to the collection agency's reporting as a paid collection account.
If they are with collection agency's, the best thing he can do is send them a debt validation letter, certified mail return receipt (CMRRR). After the agency properly validates the debt, send a pay for delete letter (CMRRR) and request to pay a percentage of the amount, request that the agency will delete any tradeline they have placed on his report, request that they will not continue to try and collect the debt and will not sell the remainder of the debt.
I would suggest going to the "free" site that I've added a link to and do some reading on how to repair his credit. |
|
freespirit
|
I agree with most of the answers already given but I also know that he can help improve his credit by taking out a small loan, putting that money in the bank and pay it on time for a couple months and then pay it off in full. If he does that a few times (increasing the amount as he goes) it will show that he has paid his debts and on time and that will improve his score. Of course, paying off past debts is the key. |
|
Frank Castle
|
Force him to give you half his paycheck and pay all his bills with that money.
After he pays all his debts keep half his paycheck and invest that money to buy a house for him (I asume he already has a car) |
|
cosaxteacher
|
As long as he pays off his old debts, his credit will slowly start improving. After a few years he'll start getting credit card offers again. When he gets one with a pretty good interest rate (19% area) he should apply and get it approved. Then he uses the card only to the amount that he knows he can pay off when the card becomes due. Pay it off in full every month NO MATTER WHAT. After he does that for a year or so, his credit will look much better and he can get financing for cars (though not the best, but better) and such. |
|
yes_its_me
|
Credit is built like a brick Wall with no mortar. You build it one account at a time and over a period of time. Pay it off and add to it keeping your debt ratio low. The wall will be solid but if you make a mistake or evade a bill it will come tumbling down. |
|
cjone782000
 |
if he has bad marks on his credit. meaning people he owes money to and its in collection. pay those off. if he just has no credit or slow credit try for a unsecure credit card. they say you need 3 revolving accounts for your score to go up? if he can not get a unsecured credit card. try for a semi or fully secured credit card. remember that you do not want to use more then 30% on the credit card or your scores goes down. trust me i was trying to rebuild mine. in all my research i have found out 3 reolving accounts and no more then 30 % on credit cards. and it takes years to rebuild. if im wrong i am more then welcomed to be corrected cjone782000 on yahoo |
|
Scanless1999
|
get a credit card from orchardbank.com
that card is gaurenteed for ANY CREDIT
make purchases on it then pay that off in 25 days |
|
Miss Vira
|
have him order his credit report. He can then contact his creditors and set up payment arrangements. He can get a credit report from all creditors from freecreditreport.com |
|
RL S
 |
Credit Score is a losers game. Don't get caught up in it. Teach him....if you don't have the money for it....wait til you do. Credit cards and the like are a black hole! Budget...Budget! |
|
tburke_25
 |
Having bills in my own name and paying them on time helped my credit score jump way up |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 5 minutes(s) ago
| | | |
11 | 25 minutes(s) ago
| | | |
11 | 35 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 7 hour(s) ago
| | | |
3 | 2 day(s) ago
| | | |
5 | 3 day(s) ago
| | | |
11 | 4 day(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
