Posted on: 24th Nov, 2013 08:12 pm
when I was 18 years old I opened a bunch of department store credit card I did not pay off any of my credit cards off. I also have school loans from when I was in school which were defaulted as well as the credit cards. I paid off the school loans. But i dont know what to do about the credit cards they been sold off i have a 525 acore. And i just turned 25 and I know how.much i messed up but now i cant get any credit cards or loans and i want to get this taken care of any suggestions???
Hi guest!
Welcome to the forums!
You can try to consolidate and pay off the credit card debts in order to get rid of them
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
You can try to consolidate and pay off the credit card debts in order to get rid of them
Feel free to ask if you've further queries.
Sussane
Try to repay your credit card dues as soon as you can. This way, you will be able to eliminate your debt problems.
For starters, maybe get one or more secured credit cards to start re-establishing credit.
Go online and google "secured credit cards"
You pay $300 or more up front and you get a credit card with a $300 line. You already paid $300 so it is "secured". You pay monhtly and that is reported to the credit bureau.
If you always pay on time, they increase the line limit over time, after one year. Eventually, if you always pay on time, they give you back the $300. Maybe you can pay more and get a larger line to start.
The point is, you can and need to start re-establishing credit ASAP.
In the meantime, time passes and over time your score increases as you get further and further away from the last late payment or charge-off.
If you can and want to pay off the credit cards, go ahead over time, but, propabably no real need to do so.
Go online and google "secured credit cards"
You pay $300 or more up front and you get a credit card with a $300 line. You already paid $300 so it is "secured". You pay monhtly and that is reported to the credit bureau.
If you always pay on time, they increase the line limit over time, after one year. Eventually, if you always pay on time, they give you back the $300. Maybe you can pay more and get a larger line to start.
The point is, you can and need to start re-establishing credit ASAP.
In the meantime, time passes and over time your score increases as you get further and further away from the last late payment or charge-off.
If you can and want to pay off the credit cards, go ahead over time, but, propabably no real need to do so.
