*Loan,banking and credit>>>credit repair

Can I start building new credit without repairing old credit?

I am about 3000 dollars (at most) in debt because of some emergency room visits I had between the ages of 17 and 21. I am now 22. I am in a bind, because I have to make an out-of-state move in 8 months, and I know I won't be able to afford the move, AND pay off the debt in that short amount of time.

Someone advised me to just forget about the current debt i have (because allegedly medical debt is more explainable/exusable) and to start building new credit instead. Of course......I don't know how to do this if i keep getting denied. My credit score is very low, between 500 & 550 I think.

Was this persons advice reasonable? Or even do-able?

If so, how can I start building fast? Which card companies won't deny me? I'm very responsible. I only have medical debt. No other debts.

(And please, only give me advice if you know what you're talking about. Don't reply just to get more points. It might confuse me.)

Unfortunately, you cannot build new credit and forget about the old credit. I'm sorry that you've been put in this situation, but I do have some simple steps to get you back on track. The easiest way to get credit, first is to develop and establish a banking relationship, although this doesn't directly build credit it does start a reference point in which creditors can see that you handle your finances responsibly. What can stem from having a checking and savings account with a bank is that you could possibly qualify for a low-balance credit card to start out with if at all a secured credit card. Although you would have to make a deposit to secure a line of credit, the deposit would garner interest meanwhile you've proving your credit worthiness. Usually after 6 months to a year, the card can convert to an unsecured status and you can receive your deposit back, with interest. Another thing is to have the bills that you do pay on time reported every month. (PRBC) http://prbc.com/consumers is a reporting agency that you can enroll in to have payments that you make every month reported just like anything else is reported on your traditional credit reports. Items such as rent, utilities, phone, day care, remittances can be reported and compiled into a Bill Payment Score that can be used in conjunciton with your credit reports. I strongly suggest checking out this website. Although you won't be able to forget the credit you have, you can improve it and get it to the credit that you want it to be. Source(s): http://prbc.com/consumers

Yes most medical won't affect your credit the way other negative credit does. Capital One will give a credit card to anyone. Trust me, they gave me my first credit card a few years ago when I had no credit at all. You can apply online at www.capitalone.com. Just apply for a credit card there. The best thing to do is buy a few things every month on it, then pay it off every month. That way you don't have to pay interest. Hope this helps.
Personal Experience
Well, you can't just build new credit; your credit is your credit. You can improve your score despite the black mark and even with the mark still on your credit report. My wife had to do this. Yes, medical debt is more explainable and more acceptable to have on your report. No, you should not just ignore it. Arrange to make even small payments. I have to assume that this is with a collection agency now. We found that they are easier to work with than the docs and hospitals, ESPECIALLY if you do consistently make payments. Find one person for the collector and talk to them exclusively. They will appreciate your business, because that is how they get paid, by collecting ANY money.

In the meantime, build up some good credit. Pay your bills. Cell phone, department store card, utilities, rent, car, student loans. Pay them all on-time, in full.

Some banks have a credit helper loan where you make payments, say on $1000 that the bank puts in a savings account for you. This $1000 is the collateral. You cannot touch it; if you miss payments the bank takes it back. The beauty is, even though you pay interest, you get money in the end, plus some of the interest back, because the bank has placed it in a standard savings account. You can achieve the same thing with any other loan, but good luck getting one as small as this. A credit card can do the same thing, but then you're tempted to put more and more on it.

Good credit is good to have, but using credit is a necessary evil. Try not to borrow too much money. Avoid credit cards; use loans for cars, homes, school, etc. The major things that are difficult to buy otherwise.
If U going to have a New # S.S.N then u can, but the is impossible
What U need is yo call the company u owe money too and tell then what is going on see what they tell u...
KR Consulting
516-837-7558