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 Credit Scores
Profile Image

Question By
Emily92407

0 Contributions
0 People Helped
please help! very poor credit score, need advice to improve
I have just recently started paying attention to my credit and credit score, in the past I was not at all responsible with money, or really in general. I have realized that this was an awful thing to do, but now I am feeling quite hopeless in I dont have any idea where to start. I have a monthly budget and am learning to be responsible with my money. i currently have very poor credit and 7 collections accounts on my credit report. Where do I start? It is awful and embarrassing, and as a parent I do not want my child to grow up and do the same. I have made an appointment with my local consumer credit counseling services. I guess to summarize
where do I start with paying down debt?
how can i get positive marks on my score, and get it to a place where it is sorted out?
how do you negotiate an amount due?
is there any other options to get positive feedback besides something like a secured credit card?
I own my own home outright, a family member left it to me, I just pay the taxes. Is there any way that this asset can benefit me at all?
any advice would be greatly appreciated.

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
12 Contributions
17 People Helped

I would like to say that as much as you do not want to get an secured card, that seems to be your only option right now. I agree with the previous comment that you do not need to pay anyone to fix your credit. All you need is a little patience and knowlegde and the money that you will pay someone to fix your credit, you can use that money to repay some of the debt that you have. Please note that it will take time as there is no easy fix but it is possible. As far as your collections you can try to work out a settlement and/or a pay for delete. Also you may want to try paying the lowest of the debts first and then work your way to the larger debt. Hope this helps!!

Top Contributor
5038 Contributions
1131 People Helped

Start reading!!! The internet is full of info on how to improve your credit. Take as much time as you need to read everything that you can on credit. That is how it begins. Once you have gained the knowledge needed, then you are ready to take action. Also I am sorry, but you will need to start with SECURED cards to get some positive info on your reports. Capital One has a two hundred dollar one, so that isn't too terrible. For any specific questions, please only ask one at a time, it would take a book to answer everything that you are asking here. P.S. Assets do not matter with your credit. You do not have to hire a company to fix your credit, with some reading you can do it yourself.

Top Contributor
1132 Contributions
1209 People Helped

Helpful to 0 out of 1 people

Give these guys a call 1  877  235  0324  Credit Pro's they can help.

Results 1-3 of 3Results 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.