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Having CC and Student debt, how to improve my credit score?

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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.




Hi Sabrina,

It really sounds good that you have paid off the payday loans. You are right, these payday loans are like endless loop of debt. It seems that you have tried to pay your loans always and that is really admirable.

Now at your present situation, I think consolidation is the best way for you. It will help you to merge all your credit card debts into one loan amount. It will eliminate the late fees, over limit charges and other financial charges if any. You will find it easy to repay indeed once you are offered with low monthly installment at reduced rate of interest.

I am sure you will agree that one check per month is easy to handle than multiple ones.

debt consolidation will help you to improve our credit as well. The consultant who will be working in this program will negotiate with your creditor so that they report all the delinquent and default accounts as current after a few consecutive payments. And once the accounts are paid in full the consultant will insist your creditor to report it in your favor-
http://www.debtconsolidationcare.com/benefits.html

Regarding your student loans, I guess these are federal loans. Federal student loan issues are handled by federal government. These are quite friendly in fact. Moreover lots of repayment options and other facilities are offered to borrowers.

You can consolidate your student loans also. It will help you to repay all your with easy installments as well with low rate of interest. See the benefits of consolidating student loans here.

I would suggest you to avail free counseling from with experts by registering yourself with this site. Please be in touch and share your experience with us.

Sub: #1 posted on Tue, 10/25/2005 - 14:18

4u.bryan 4u.bryan

(Posts: 820 | Credits: 217.41)

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