Any Positive Words for those of us with bad credit?

Are you dealing with the collection agencies to pay off the debts? You may negotiate for 'pay for delete' when you settle with them. This would lower the number of negative entries in your report.

Also you must try cleaning up the wrong information (if any) from your report.

Yours is better than mine (585)..... You can try to apply for one of those credit cards that hold a deposit as security. That might help as long as you don't go over the limit. Keep paying your student loan on time, and work to get items deleted from your credit report as suggested. You could call them and see what it would take to get them off or modified.

Good luck.

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Sorry for the off-topic but I know that here I can find people that can help me!I work as a freelancer and win enough money, but this month was verry low and to pay off my bill I am thinking of geting one of those payday loans.If anyone here has any options or advice please tell me!

I'd have tried the option of borrowing from family and friends before deciding on taking a pdl. If you just do a little search you'd know how people have suffered from pdls.

How is it that people are so against payday loans? I haven't got a facer with them because they are in particulars banks, why hate payday loans and not banks?
I realy can not arrange this issue. Can anyone clear up why payday loans are sa o bad?

Most of them are illegal. They charge exorbitant fees. Because the people who take them out are in dire straights and need money desperately, when it comes time to repay the full balance, they don't have the money and thus start the downhill spiral of paying high fee to renew the principal. They end up paying $600 for a $300 loan (example). The pdl companies will withdraw from your account and sometimes overwithdraw, causing your account to overdraw. They will not negotiate with you if you cannot repay them on their terms. Once you default they will be after you like the hounds of hell, calling you at home, work, calling your credit contacts, etc.

Banks' interest rates are legislated; pdls will charge up to 400%. They will bleed you dry to where you are paying their fees and not being able to pay your mortgage, utilities, etc. Read some of the threads on this website about "payday hell" and you'll see how many were affected.:(

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