Saturday, June 27th, 2009

How do you fix bad credit when you’ve never had a credit card?

fixing bad credit
car_the_avatar asked:


I have 3 different medical debts, and only 1 phone bill that’s on my credit report as bad credit. I’ve never ever had a credit card, and other than these 4 items i’ve never established any kind of credit. My debts total less than $1,800.00. I don’t make much money, and i’d like to at least start paying off my debts all together in one payment. Is that possible and if so, HOW? Please help!!!

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3 Responses to “How do you fix bad credit when you’ve never had a credit card?”

csucdartgirl Says:
June 27th, 2009 at 2:10 am

All together in 1 payment? Through debt consolidation.

But since it is such a low amount, pay them all down simultaneously. Pay the smallest one off first and send a low amount to the remaining 3. Once the smallest one is paid off, move on to the next, etc.

You’ll hurt your credit more if you consolidate.

Matt Says:
June 30th, 2009 at 11:32 am

A collection is a collection, paid or not. Paying these debts will restart the date of last activity and will prolong the time that they stay on your credit report. Ex – if these collections are 3 years old, they are schedule to fall of in 4 years (2011), if you pay them now the 7 year clock restarts due to new activity and they will stay on your credit report until 2014.

The damage is done, why prolong it.

Start building credit. Get a credit card, make normal purchases (gas, food, etc…) and pay the balance in full every month. You will increase your credit score.

Pravda Says:
July 2nd, 2009 at 2:23 am

One payment or four payments the total is still the same. If you bank on-line you can schedule your payments through your checking account on-line. Also, may I suggest my website to you? You’ll find a link at my Yahoo answers profile page.

Good luck to you and your family,

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