Having CC and Student debt, how to improve my credit score?
Tue, 10/25/2005 13:50
I left college in 1998 with a bunch of student debt and credit card debts. My cc accounts were sent to collection and I paid off some of those already, rests are still behind me. Meanwhile I took few payday loans. These payday loans are really sharks, you know, they create a circle of debts and I was trapped. Long story short, somehow I managed to pay these payday loans. Presently I owe credit card debts and student debts. Credit card accounts are under collection, but nobody ever contacted me for these student loans. Please suggest me what can I do to improve my credit. BTW, I am with a nicely paid job right now.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.