Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Paying Your Bills
Profile Image

Question By
Mamakelly5

0 Contributions
0 People Helped
No cc debt. Bunch of un pd bills. I want to put together n make 1 pmt, how do I do that??
Who do I call, who can help me??

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
2 Contributions
0 People Helped

I'm still fairly new to all of this and trying to get our things together as well. But Advice from someone now closing on a home was to go through and review all of your old credit. Pick and call them all one at a time when you can afford to pay on an old bill. They will negotiate a lesser amount for a bill in collection. They pay pennies on the dollar for anything they've bought. Whatever you give them is basically profit. Decide what you can afford to pay in one lump sum on that bill. Start lower then you can afford because they want you to give them more then your starting at. Once you've negotiated a settlement ask them to remove or mark the bill as paid or PAID IN FULL. Make sure you get in writing the agreement you've made about the payment before you make it. Your other option would be to get a small loan and pay them all at once then just pay the loan. We applied for a small loan just to have another revolving account at a credit union. Our credit score was 620 when they pulled the information. They asked for collateral or a co signer. If you choose that option make sure you can afford to pay that bill with no problems. Current bills, food, housing etc should all come first. Hope some of this was helpful

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.