My life is ruined and I'm only 27! PLEASE HELP ME!!!

Hi mrdigitalmedia

Welcome to the board. Please don't get tensed regarding your credit. I am sure everything will be alright very soon. You have not mentioned where you are moving in the month of October. Are you flying abroad? There are different laws for different states and there is nothing much to worry about it.

Have you thought about consolidating your debts? debt consolidation will be the perfect move to pay off your debts. There are many benefits associated with it which you can have a look at http://www.debtconsolidationcare.com/benefits.html

It will be a good move to start making payments towards your debts rather than lingering it for long as it is adding with interest and late charges etc.

Hoping to hear from you soon

Thanks
Roxette

What state are you from?? How old is the collections and charge offs??? Last activity date is needed.

Need to check if these accounts are still within the Statute of Limitations. If it is past SOL, then you can dispute with the credit reporting agency, and send the creditor a full cease and desist letter, since the debt is time barred.

If you are still within the SOL, then you want to consider what you can pay, and send debt validation request to them creditors. If they can't validate then they must remove from credit report. If they can, then you would make payment arrangements with them.

Negotiate payment for deletion, that is the best outcome for the credit report, to get as much of the negative information off of the credit report as you can... especially any derogitory utility or collection or judgments for landlords.

[quote=mrdigitalmedia]I have terrible credit. I made a lot of mistakes in my past. My credit score is like a 547 according to my experian report. Most of my accounts are old charge offs. I've seen several websites that say they can help, but I'm scared. What the heck can I do? I'm moving away in October of this year, and I can't even get an apartment!
JP[/quote]

Hi,

All of of us have to deal with poor credit so you are not alone in your situation. First you must clean up the mess currently on your credit report. You can't expect to recuperate your credit while you still have outstanding debts and a poor repayment history with all of your debts. This credit report is all about telling creditors how trustworthy you are with credit. So right now, you need to fix remedy all of those prior debts by making arrangements with those companies to pay them off.

Also, you should learn your lessons from your past. How did you get in this situation in the first place. Another hard part in recouping credit involves taking a long hard look in the mirror to see which habits fostered you poor credit habits. because, they will not magically go away even if do manage to pay off all of your debts. And if don't get control of these habits now, then they will make it impossible for you to even make a dent in your debts. So you have to learn from your past mistakes in order to become more fiscally responsible.

And finally, you should look into finding a cosigner in order to get an apartment. That may be your best bet now because there is no magic bullet to help raise your credit score by a couple hundred points over night. this will take time.

Your life is not ruined!! I am 27 and in the same boat as you, probably even a different one. You can find a place to live, they may just require a higher deposit than normal.
Heck, i was able to get financing for a new car with a credit score of 560. I wont tell you the rate i got though, haha.
I have made my share of mistakes. All you can do is learn from them and move forward in a positive direction. Good luck and keep your head up

Hi Dont worry

Welcome to the forums. Hope that you might have learnt a lot from your share of mistakes. And I wish you the best in your life for the wise decisions that you will make ahead.

Regards
Roxette

Hey, Im 27 as well. I have terrible credit and am seeking out possible solutions to get it repaired. It is very possible I will be getting married and do not think I will be able to buy a house. So I am trying to et my financial life back in order. I just signed up on this forum today. Looks like we're all in the same boat.

No ones's life is ruined. People make mistakes and as stated earlier you just need to learnfrom them. What you need to do is have a plan to get your credit back on track. If you do nothing, you'll stay in the same boat. Some examples are.

1. Cut up your credit cards
2. Get in touch with a firm such as Lexington Law that can guide you through the ins and outs of fixing your credit.
3. Use the resources of this website to consolidate or negotiate paying off your debts.

Remember, nothing happends over night and it does take some time but you can emerge from bad credit and lead a normal financial life. Stay positive!






[quote=mj_rhythm]Hey, Im 27 as well. I have terrible credit and am seeking out possible solutions to get it repaired. It is very possible I will be getting married and do not think I will be able to buy a house. So I am trying to et my financial life back in order. I just signed up on this forum today. Looks like we're all in the same boat.[/quote]

I am 22 and I have horrible credit. I have to obtain a crdeit report and see what my rating is so far. I hope to purchase a car by the end of this month. I need some help and I need it fast. Please help!

I'm 19 with a credit score of 513. I used to have a score of 600 which was ok for someone who barely has credit, but as soon as I made the mistake of getting a credit card and various loans, it went downhill from there.
My car has been repossessed and auctioned off, which was terrible, but the car wasn't working well anyway (gotta make the best out of a dreadful situation).
One of my banks offered to refinance my 3 loans I have with them, which is great and I'd recommend that.

I'm about to look into debt consolidation. My main concern is the 6 payday loans I have left. My own boyfriend doenst even know about some of 'em!

Just remember that if you hit the bottom, it gets better...you can only go up from there!

You can repair your credit. It takes discipline, persistence, and patience. Hang in there and educate yourself as much as can about credit and how to repair it.

Hi ferris_cheerleader

Welcome to the forums.

Since you are looking for a new car, the three digit credit score is the most important factor to analyze your financial worthiness. Based on these credit score, loans or credit can be acquired from the creditors and other lending agencies. When the credit score is evaluated, extensive research is conducted on the following areas of your credit report.

• Your payment history is analyzed.
  
  
• The amount that you owe is taken into consideration.
  
  
• Length of your credit history is determined.
  
  
• They look out for the types of credit that you have used so far.
  
  
• They will look into your new credit.
  

I just moved to Tennessee to live with my brother in-law to started a new life, and fix my credit at the same time... But nothing is forever. I went to look at some of the near by appartment 2 weekend ago and got rejected.. because my credit score was at 519... I just got my credit report mail in today, and come to find out. There is lots of stuff that need to be clear.. please help.. need to learn how to clear my report.

george_say

Please read the post of Roxette above your post to clean the credit report. After you have assembled all the errors in your credit report, you can dispute with the credit bureaus requesting for rectification.

They will conduct investigation and if any change is made, they will issue a free copy within 30 days.

Make sure that you pull your credit report from the other two agencies also and compare each one. Doing this, you will be more accurate in filing your dispute.

Please send all your letters through certified mail with return receipt requested so that you can trail all the correspondence.

If you are having defaults in your payments, you can consider consolidation programs to complete the accounts peacefully. It will fetch you more points in your credit score after all your payments are shown complete

Well, I might want to pour a glass of the bubbly! My credit score has gone from 513 to 528! Yay!
LOL!

Hey, it's a start. Slowly, but surely...that's the way to go!

FYI......don't use a credit repair company. My husband and I had applied for a home equity loan but our scores were just under what we needed to qualify. The mortgage broker recommended a credit repair service out of Mass. call Credit Management Services. We were desperate and so paid this guy $750.00 up front. He had us sign a limited POA form so that he could dispute on our behalf. Well, all he did was submit a blanket dispute which actually ended up dropping our scores even further. He never asked us what was questionable or inaccurate. This is actually paramount to fraud as you cannot legally dispute credit info that you know to be accurate. The method these companies use is to inundate the credit reporting companies with disputes in the hopes that they will not be able to respond to them all in 30 days. If they don't repond in 30 days, they are required to drop the disputed report until it can be verified....which it ultimitaly always is. So, you get a temporary increase in your score and they run with your money. The FTC has very strict guidelines regarding credit repair companies and they frown upon them. They can't do anything for you that you can't do for yourself. The main thing is that it is illegal for a credit repair company to charge you a fee before the full service has been performed. The State of NH requires they place a surety bond with the Attorney General of the state if they are going to charge up front. The FTC requires they not charge you until 6 months after the full service has been completed. We filed a complaint against this company with the FTC and the state of NH and we got a full refund. This guy tried to hold onto 300.00 as a "processing fee" but once we made it clear that we knew that what he was doing was illegal, he gave back all of our money with no fight...he ran scared. So beware...research credit repair thru the FTC and other legitimate sites. Unfortunately, it takes time and effort to repair a scarred report as we have come to find. But never fear....every day is a new start and it can be done! Best of luck to you! : )

P.S. We were able to qualify for a 2nd mortgage thru our lending company after jumping thru 100 hoops of fire. They were very willing to work with us and went many extra miles to help us! Thank you Countrywide!!!!!!!!!!!!!!!

Before you rush to a credit repair company to improve your score, just remember a few things. Credit report can be altered if any account is reported incorrectly by the creditor, or there is any mistake on the part of credit reporting agency or the bureau. The correct entries that are negatively affecting your credit cannot be removed.

It's impossible to build up a new credit report for you because one person can have only one credit history. If any company assures you for opening a new report, it's not legal.

The rest of the things needed to improve your score can be performed by yourself. Then why do people go for a credit repairing company? Basically we are not aware of the facts that influence our credit score and there are lots of hidden calculations which are beyond our knowledge.

Let's check out the article here to know what are the factors those control our credit score are and how can we operate it to get a positive impact.
http://forums.debtcc.com/forums/credit-check.html