Credit Advice

It is possible, but you will need to have collateral, they call it a secured loan. Since you are "risky" they want to make sure they do not loose out.

Before you pay off any delinquent loans you need to know the statute of limitation for your state. I've had over $25,000 erased from my credit report this year, all because I used the methods I learned in a book called "Debt Cures They Don't Want You To Know About" by Kevin Trudeau.

You may have debt that is going to be automatically removed from your credit report, but you need to know the facts about when it went into collections, and how long it will stay there on your credit report.

The book is worth it by all means. There was one misconception in the book that I found interesting. It says that "Student Loans" are debts that will stay on your credit report forever if you don't pay it off, but I had mine removed from my credit report, although I had owed over $8,000. $2,266 was the loan but it build up to over $8,000, over $6,000 in interest. It's totally gone now from my credit report. All this happened in 2009 - 2010.

On another note: I wouldn't try getting any loans with a credit score of 643 unless it was an emergency. Know all you need to know about those delinquent accounts and you may be able to have them removed, then your score will go up some. After you take care of that and your score goes up, then I would apply for a loan.... but only if it's an emergency.