Saturday, June 27th, 2009

What is the best way to fix bad credit with out bankruptcy?

fixing bad credit
USuck79 asked:


I have a very low credit score with old delinquent accounts. I have heard paying off old accounts is pointless, and will not improve your score. Is there any way to fix credit on your own with out the use of a lawyer etc.

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This entry was posted on Saturday, June 27th, 2009 at 12:00 am and is filed under How To Improve Your Credit Score. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “What is the best way to fix bad credit with out bankruptcy?”

mr_greedy_ll Says:
June 27th, 2009 at 11:18 pm

Its not pointless to pay off your old debts…

You owe that money…thats why no one will give you money now….your not trustworthy….your credit score is like your honor…

You need to learn about finances…..bookmark and read this site everyday for help:

ToddlerMom Says:
June 29th, 2009 at 5:16 am

Pay off your old accounts; right now they are looking as delinquent and continually aging on your report. Call the creditors and even ask them if they will settle at a certain price if you need to. Do them one by one, and you will get them done. You can do it!

malachifemale Says:
June 30th, 2009 at 2:16 pm

Talking from experience the only way to solve this problem is to pay off your bad credit. They will always be there. It is not pointless to pay old account it may not raise you score by much but you will get so point for paying you delinquent account. No one can fix your credit problem but you and it is FREE….

weezermcgilicutty Says:
July 2nd, 2009 at 3:19 pm

As the people above have said, you must pay your old debts. However, remember that everything is neotiable! Many will settle for less and small installments as well. Make sure you ask them if the payments will improve your rating and keep up on it.

frameking Says:
July 5th, 2009 at 9:25 pm

Pay all the old debts and maintain other accounts current. It will take time (without defaults) to get the score to improve.

fire4511 Says:
July 7th, 2009 at 2:59 pm

Depending on how old the accounts are, it may be a bad idea to pay them off. There is a 7 year limit on credit reporting (10 years for bankruptcy) If you pay the old account off, the clock starts again, and the creditor may report the bad debt, with a zero balance, for another 7 years.

I would recommend that you contact Consumer Credit Counseling. They may be able to help you work out a way to pay your debts, and improve your credit rating!

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