Saturday, October 31, 2009

Improving my credit score?

I have several past due accounts on my credit report. Which should I pay off first and if possible, why?



1. The oldest account that has a negative code



2. The past due account with the higest balance



3. should I pay a past due car loan before a past due medical bill or a past due store account?



TIA



Improving my credit score?

1 bring all your accounts current



2 start paying off accounts with bigger payments (they hurt your



credit the most)



3 medical bills will be the last on the list- most lenders ignore



them.



Improving my credit score?

If you don%26#039;t pay the car loan, they can take your car, and I mean show up with a tow truck and take it.



Improving my credit score?

You should pay the car before the other bills, or they may repo it.



Could you consolidate them, go to credit counseling to get help. They will call your creditors for you to help with payments and rates.



While many will tell you it%26#039;s a horrible thing, if it is that bad, file bankruptcy. I did it, and I have no complaints. I no longer have to worry about huge payments, and always being behind, and I am reestablishing credit, and already have been pre-approved for a mortgage after only 2 years.

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