How do I repair my credit?

Author: rinkmn900
Guest
Posted: Thu Feb 19, 2004 1:54 am
Post subject: cleaning up credit

I have read articles on repairing credit, but I have some questions regarding mine personally.

CONCERN: I have unpaid collections from phone companies and hospitals totaling together approximately 600.00 I have defaulted school loans from 4 years ago in the amount of approximately 1,500.00

QUESTION: I can pay these off today, should I pay the collections by negotiating a settlement amount of lesser the original collection, or should I dispute them to try and have them removed all together?

If I pay the collections is there a way to have these paid collections removed from my credit report, or do I need to request a certain letter of release from the creditors?

Do you have any advice on the school loans owed to the Dept. Of Educ. as to how I can best increase my credit scores, should I pay installments or try and pay off in lump sum if I have the ability?

Also do you have any advice on building credit, like getting a secured credit card, or any other form of trade line to increase credit wothiness?

Please contact me with your advice, it would be greatly appreciated since I have let my situation get so bad.. I need help, thank you.

Sincerely,

Michael brinkmn900@yahoo.com

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