Debt
Date: Thu, 01/22/2009 - 12:19
I had a financial setback while i was attending college. Had to drop out and work full time. But anyways I just check my credit report and i have a incredibly low score of 452. I couldnt pay my credit card (1) and my verizon bills. They have been sent to collections, i have contacted them to pay in full so i can continue my life of happyiness!
I owe all together 1330$, and i plan on paying this in the next week or two all in one shot. What is the best way to approach this. I have spent hours looking up ways to solve this but none really gave me the answer i was looking for. I have seen that there is a difference between a close account, paid in full account ect ect, but what is the difference? Also, i am in good position salary wise to buy a car and i plan on buying a home soon, but i need to get this resolved.
After i pay this amount 1330, how long would it take for me to get a credit card? small 200-300$ limit is fine by me, or a store CC. By the way i have student loans that havent kicked in yet, in a few months i will have to start paying.
Any info is much appreciated. I thank you in advance! :)
I owe all together 1330$, and i plan on paying this in the next week or two all in one shot. What is the best way to approach this. I have spent hours looking up ways to solve this but none really gave me the answer i was looking for. I have seen that there is a difference between a close account, paid in full account ect ect, but what is the difference? Also, i am in good position salary wise to buy a car and i plan on buying a home soon, but i need to get this resolved.
After i pay this amount 1330, how long would it take for me to get a credit card? small 200-300$ limit is fine by me, or a store CC. By the way i have student loans that havent kicked in yet, in a few months i will have to start paying.
Any info is much appreciated. I thank you in advance! :)
Take out a secured credit card from your bank and pay it early a
Take out a secured credit card from your bank and pay it early and in full each month. This will help establish your credit again with your bank and in genearl. You will soon statr receiving offers in the mail. READ THE FINE PRINT. They will almost always be piled on charges and inflatable interest on them in the beginning. So called second chance cards. Toss them. Eventually your bank will allow for unsecured credit.
Challenge anything on your credit reports that is incorrect or you feel can't be substantiated. It will take about a year to get your score back to good.
Thank you for such a quick response. You just made my day thank
Thank you for such a quick response. You just made my day thank you.
