Credit Card Center Advertiser Disclosure†
08-25-2007 02:51 PM - edited 09-11-2007 05:07 PM
08-25-2007 03:20 PM
08-25-2007 03:25 PM
08-25-2007 04:03 PM
08-25-2007 09:37 PM
crazynurse123 wrote:The only account I settled was a Discover acct,and I did that with the company prior to it falling into collections. The other collections are from an old apt complex and and old cable bill and telephone bill. I had moved, thought I was paid in full and once I realized my error paid both immediately. I have tried sending GW letters out for the first time this week, so now I am playing the waiting game.
08-25-2007 09:47 PM
thecrew74 wrote:Hi,I am in somewhat the same situation. I neglected my bills in the past and its come back to haunt me.However, the last several months I have made it a priority to keep my bills paid on time and have started paying off collections. My goal is to have them all paid off either by tax time or if anything I will pay the remainder with my taxes, then I will only have the issue of rebuilding my credit and from what I have done so far that is way harder because now I have the task of taking on extra responsibility such as a credit card pymnt or my loan pymnt. But I have spoken with my banker and she has given me some insight basically dont take on to many debts (which I think I have done ) and certainly dont over spend and above all make sure you make your pymnts on time and add a lil extra each month to bring down the amount owed. So far I have done this but again I think i have taken on to many extra responsibilities, so Im going to pay the 2 loans off I got and this will help with my increase income.LOL. Then I will have basically my credit card, my auto loan and an unsecured loan. I am hoping that after the 1st of the year all will be takin care of then I can just let everything sit and watch the score go up. Then in two years Im hoping to have a good report. I know all the stuff that I have paid off will be there on my report but when I apply for credit they will see that I have paid off my collections and that for two years I have been paying everything on time.Anyhow, just my opinion but no I dont think its unrealistic to think you can accomplish your goals, you have to start somewhere, this is areally good site for information and support.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.