Bad Credit? - Repair it here yourself!

There're many reasons you may want help for bad credit. We're here to help you understand what affects credit, what makes credit bad, how and what entities define your credit, guide you through the credit definitions, financial concepts, common misconceptions and provide you with information and tools that will help to solve your credit problems. Get help for bad credit now! To achieve this, we provide you with Free Access to a wealth of credit related content, forms, tools and calculators. We show you how to improve your bad credit step by step, reestablish your ability to borrow monies, how and where obtain loans, credit cards, mortgages and other financing. Repair Credit now!

I am looking to repair my credit

Mon Aug 6, 2007 01:08PM | By Tony

See more in Credit Repair | Permalink | Email | Comments (0)

Q: I am looking to repair my credit. I understand that is going to take a few years, but I would like to do it as intelligently as possible, and as quickly as possible. I owe $8,000 to assorted debt collectors and have one judgement against me. I was wondering if it would be best to try and settle with them or pay what I owe? Should I let the accounts that are year or so away from being dropped just go away or pay those first?

A: Even if some accounts are dropped off due credit reporting bad credit time limits, some can mysteriously reappear sometime, when you expect and need that the least. As far as judgement, check the statute of limitations but double check with your state recent changes.

To settle or to start negotiating? It depends on what you want and when? If you are going to apply for a major loan sooner than later, then you better pay those collection off and start establishing credit anew as soon as possible. You can try to settle, but only if you get an agreement in writing quickly and for a sizable savings.

Post a comment

Name:

Email:

URL:

Remember personal info?

Comments:

Please enter the code as seen in the image above to post your comment: