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| *Loan,banking and credit>>>credit repair |
I need credit advice. i stopped paying some of my bills and have ruined my credit. how do i repair it? |
I need credit advice. i stopped paying some of my bills and have ruined my credit. how do i repair it? Start paying something on the ones that you have not been paying. Call the companies and work something out, but you need to keep up with what you promise them. Good Luck. You need to visit a legit debt counselor because many of the bills probably have super high late fees and overdue % charges. The counselor may get them closer to the original debt. Get a 2nd job and pay off all the counselor gets the amount down to. Good Luck, The 2nd job will only be temporary , unless you get addicted to the extra $$$$$$$$$$ . Start paying the bills. That is about the only thing that is going to repair it. Find out what you owe and make arrangements to pay them. The only way to repair your credit rating is start paying your bills on time each and every month. Should you run into problems down the road, pick up the phone and let the creditor know what is going on. Follow the phone call with a letter to the credit manager of the company. Never ignore your bills. Learned the hard way myself. Credit rating is slowly but surely improving. Consolidate with a program if you can - they can usually reduce/eliminate interest (though the accounts enrolled will be closed). Otherwise, start with one - pay what you can until it's done, then pick another. Most places will place your account with a collection agency (enforcement varies by state) - many of them will send you settlement offers to take advantage of, usually just on the account principle without fees. Only time and a solid track record of timely payments will resolve your credit. If you're thining of using a "credit repair firm" think twice. These are rip offs. There is nothing they do which you cannot do yourself. Accept the screw up and know that within 18 months your credit will improve drastically so long as you make payments on time and do not open any new credit. |
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