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 Posted: Wed Jul 11, 2007 4:10 pm Subject: clear my debt |
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I just thought that my credit score was than it is. I know i have a couple things that is holding my credit score down. I will like to find a way to payoff what i owe. I want my credit score better than what it is now.
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bigmike122104
Joined: 11 Jul 2007
Posts: 1
Debtcc Points: 61
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| Posted: Wed Jul 11, 2007 4:43 pm Subject: |
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I guess that you are aware of the outstanding balance with your creditors. Give them a call and work out payment arrangements. You might convince them to reduce the interest rates on your debts. Once they accept your arrangement, stick to the plan. Your credit scores will go up after they update your file with the bureaus.
More info on improving credit scores.
http://www.debtconsolidationcare.com/credit-repair/about23503.html
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fatb88
Joined: 20 Dec 2006
Posts: 221
Debtcc Points: 1571
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| Posted: Fri Jul 13, 2007 5:38 am Subject: |
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Although my wife and I have a good combined income, some medical and other problems with our adult children took a lot of resources to resolve, and we ended up with a substantial debt problem and low credit scores. Despite all the words about how terrible some - or most - creditors are, I found that they were usually fairly easy to work with as long as I accepted responsibilty for what I owed and kept a positive attitude. Almost all were willing to reduce the interest rates at least. Now that most problems have been resolved, and all my credit payments are back on track, my credit score is rising more quickly that I thought it would. I am confident that you can work out arrangements that you can live with. Best of luck to you!
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gmanch
Joined: 11 Jul 2007
Posts: 22
Debtcc Points: 725
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| Posted: Fri Jul 13, 2007 5:51 am Subject: |
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In my opinion you should pay off the most critical bill and then slowly try to fix up the other bills. You can pay off the non necessary bills like cable TV bills, book store bills later when you will be more financially stable. Always remember that the only way to improve your credit score is - manage your funds efficiently. 
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goodnelly
Debt Samaritan
Joined: 20 Jun 2007
Posts: 632
Debtcc Points: 8494
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cajunbulldog
Moderator
Joined: 20 Dec 2006
Posts: 4875
Debtcc Points: 37803
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| Posted: Sat Jul 14, 2007 9:53 am Subject: |
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And most importantly, propose a payment plan that you know you can realistically live with! I have found in my past struggles that the one thing that has done me in in the past was agreeing to payment plans that I knew I couldn't live with. Once they are broken, then you have that ding on your record and it's all the more harder to get out.
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kscornell
Moderator
Joined: 22 Jul 2006
Posts: 3603
Debtcc Points: 32830
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| Posted: Tue Jul 17, 2007 4:49 am Subject: |
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Yes it is important to go for those payment plans that are tailored to fit your needs. You will unnecessarily burden yourself with plans that do not fit in your budget.
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goodnelly
Debt Samaritan
Joined: 20 Jun 2007
Posts: 632
Debtcc Points: 8494
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