Gone fishin'
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Concentrate on paying off the loans - consollidate the debt if possible. Try credit counselling sometimes they can consollidate and reduce some of the debt. Just remember if you don't have the money you can't buy it! |
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raggityann
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you need to hire a Lawyer to help with cleaning up your credit. and you may need to a financial adviser so you won't let this happen to you again. getting small loans from your bank, keeping the money for about one or two months (make a payment or two) then return the money and pay off the bills. Or conciliating your bills, get a loan to pay off all your bills, then you have one bill to pay this may save you money on a monthly average, but most likely not in the long run. Most likely it will take you up to 5 years if not longer to get a better credit report, because it goes back 5-7 years. good luck. |
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lulucakes32
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all you can do is work hard to build your credit back, which will take more than a year.
just don't be late on payments, try to call the companies you owe (like credit card companies) and see if they can lower the interest (which is a long shot)
just pay it off! that's all that you can do right now to get a good credit score |
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Blondeboredom
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Gather ALL of your debts and get them consolidated through a credit couseling firm. Then you should be able to start making monthly payments on a regular basis. The more payments you make the better your credit will be, just make sure they're on time and not late. |
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cognitively_dislocated
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I would reccomend sending a letter of dispute for EVERYTHING in your credit history. Most of it will be dismissed, but some creditor may not respond in time and so that particular charge would be removed from the report. It's a long shot, but paper is cheap. Pay off small debts, and possibly even negotiate settlements (credit card companies do this all the time...they will settle for a percentage of what you owe).
As a last resort, you could opt out of the social security program for a while. Paying into social security and having a SSN is and always has been 100% voluntary. You could drop the SSN, and you'd never have to use it to identify yourself ever again. A year later, apply for a new one (or if you already have a driver's licence, just remain without one). |
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nikhil_par
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Simple: -
1) No new credi card applications...
2) No new purchases on the credit card (FREEZE THEM RIGHT AWAY)
3) More than minimum payments on outstanding Credt Card Balances
4) Student loans are not like credt card loans. ( different category all together). Keep paying whatever minimum it takes for this category (probably a 25yrs any ways). Does not affect CC score as much. |
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acmeraven
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You may have to just assume a new identity or move to a foreign country. |
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np
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i am getting my credit repaired from a company called Third Eye Inc. I received updated credit reports from the credit bureaus and i have had 14 itmes deleted off of my credit report. try thrid eye inc. www.3rd-eye-inc.org |
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ricardocobar
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if you deal with your creditors and start making payments they can also change your score for positive. |
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princswarrior
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You can contact the 3 major credit reporting agencies and get copies of your credit report. You can pay things off with pymt. plans and maybe get a gas card. Pay that bill off in full as soon as you recieve it. This will help your credit rating. Good luck! |
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Chris S
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Hard to say without knowing the specifics of your debt but here's some ideas:
1. Face your debt issues head on. Assess your debt situation and develop a strategy to pay it off. Be realistic -- $35k is a lot of money and it could take years depending on your cash flow and interest rates. Start with the loans having the highest interest rate. Pay this loan off first and then roll the first loan payment into your next loan. Do not abuse credit card debt or take on any new loans. Work hard to increase your income.
2. Don't get rid of credit cards but don't use them up to the credit limit. Always pay whatever you've charged the previous month in full. This behavior begins to rebuild credit by demonstrating the ability to make timely payments and manage your credit limits.
3. Create a budget and stick to it. Pay yourself first each month by putting away a small amount in savings. Even $5/week to start can establish the habit of saving and provide a cushion for unexpected expenses. When building your budget, challenge yourself to distinguish between needs and wants. The "wants" should be on hold for a while.
4. Become a student of money & personal finance. Stay focused and confident. You seem like a smart person and I know you can do it. Go get 'em! |
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v_navin
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There are some companies which speacialise in settling credit card debts. Contact one of those. What they do is they will goto the Bank and say hey this person cannot pay you back this amount, but we will give you $ 5000 to settle this. SO effectively you pay them the $5000 and they let you go from the $35000 debt. So try this. I am not sure about the name of the company but you can see on TV there are a lots of Ad for these.
One more thing you can do is, get a credit card and try to increase the Credit line amount and pay off each month the amount you use. Do this for some time and you will see your credit scored improve. |
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justhinking
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-pay down as much of your outstanding debt as possible. (debt to income ratio)
-if you have alot of credit cards, close some of them up (there's also a down-side to doing this but you want it fast)
-don't try to open new accounts that includes stuff like circuit city, target etc.
also, something you can't change is the length of you history that's also a critical part of determining your score |
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