OrDinAry ColLeGe STudEnt
Date: Fri, 12/07/2007 - 09:15
During college i aquired a lot of debt, by getting credit cards i couldnt pay for. Now im in a situation where i have to buy my first car. When i checked my fico score through equifax i have 800 dollars of collections debt, and my score is 515. Which means high interest rates if i do qualify for a vehicle. Now i am trying to clear up my debt and get back on the right track.
Congratulations on deciding to clear up your debt! You should
Congratulations on deciding to clear up your debt!
You should definatly focus on paying off the collections debt and getting anything else you owe taken care of before bringing on more debt. That will help your credit score a bit, and bring your interest rates down.
