Hello! I finally paid off the last of my credit card debt last month, and am now wondering what to do from here. A few years ago, I got behind on almost all of my cards. I was able to pay several of them off in full, and get back on track with the others, without any of them going to collections. But last year got behind on those few, and ended up settling with collections agencies to get them paid off. My credit has improved slightly since paying things off, but it is still quite low.
So, I guess my question is- what should I do now? From what I have read, a secured credit card would be the best way to re-establish a good payment history, but I'm unsure of which card would be best? My score is still pretty bad, so I am not sure if I would be able to qualify for one... or rather, one that would be worth having, haha. Since I only paid everything off last month, should I give it some time and wait to apply for one?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.