I have got myself in some credit trouble when I was a bit younger. Now that I am older and more responsible I want to fix this, but feel as though I am in over my head. What is the best way to fix my credit and pay off these lenders. Does anyone know about debt consolidation so perhaps I can combine my bills into one monthly payment. Are there non-profit organizations or something. If someone could please list any web sites you may think will help.
This was prompted by my trying to buy a house in surrey and being told my credit score was mid 500's ouch I couldnt by a box of raisins on my credit.
thanks for listening
Rob😕😞:'(
Originally posted by deathbypawnI think debt consolidation is generally one of the last things you should consider. These companies that offer you there services must make a profit somehow, and you guessed it, it comes out of your pocket. This kind of thing is for people who simply cannot keep up with their monthly payments and need the payments reducing. Ultimately though, the payments are made over a much greater period of time so you cannot win either way. If you can afford your monthly payments, why try to change it.
I have got myself in some credit trouble when I was a bit younger. Now that I am older and more responsible I want to fix this, but feel as though I am in over my head. What is the best way to fix my credit and pay off these lenders. Does anyone know about debt consolidation so perhaps I can combine my bills into one monthly payment. Are there non-profit ...[text shortened]... mid 500's ouch I couldnt by a box of raisins on my credit.
thanks for listening
Rob😕😞:'(
Could you give me more details on your debt and i may have more advice for you. I know a reasonalble amount about it. I learnt the hard way.😀😀
Originally posted by deathbypawnFirst of all, we need to determine if you live in the U.S. or not? Assuming that you do, there ARE government agencies that will help you do just what you want to do. What you have to be careful of is going to a private agency that advertises to help you. These businesses are there to make a PROFIT from you! Usually a HUGE profit! 😳
I have got myself in some credit trouble when I was a bit younger. Now that I am older and more responsible I want to fix this, but feel as though I am in over my head. What is the best way to fix my credit and pay off these lenders. Does anyone know about debt consolidation so perhaps I can combine my bills into one monthly payment. Are there non-profit ...[text shortened]... mid 500's ouch I couldnt by a box of raisins on my credit.
thanks for listening
Rob😕😞:'(
Ok, so assuming you live in the states, seek out a government agency for help. Keep in mind that the Republicans just forced a bill through that will make claiming bankruptcy nearly impossible within 5 more months!
Originally posted by deathbypawnHey Rob,
I have got myself in some credit trouble when I was a bit younger. Now that I am older and more responsible I want to fix this, but feel as though I am in over my head. What is the best way to fix my credit and pay off these lenders. Does anyone know about debt consolidation so perhaps I can combine my bills into one monthly payment. Are there non-profit ...[text shortened]... mid 500's ouch I couldnt by a box of raisins on my credit.
thanks for listening
Rob😕😞:'(
I have firsthand experience with this sort of thing and I agree with the advice given: try not to go thru those debt cosolidation companies. I got into some bad debt when I was younger and went to someplace I heard on the radio and they didn't do jack for me. In fact, after about several months and over $1,000, they changed their tune and recommended I file bankruptcy which is what I ended up doing but didn't want to do.
If you are in such a dire situation, bankruptcy might be a way out. I know it isn't the most desirable but it may be an option. If you are thinking about it, best to do it now before the new laws take effect.
Good luck
Originally posted by deathbypawnTry going to the citizens advice bureau.
I have got myself in some credit trouble when I was a bit younger. Now that I am older and more responsible I want to fix this, but feel as though I am in over my head. What is the best way to fix my credit and pay off these lenders. Does anyone know about debt consolidation so perhaps I can combine my bills into one monthly payment. Are there non-profit ...[text shortened]... mid 500's ouch I couldnt by a box of raisins on my credit.
thanks for listening
Rob😕😞:'(
Originally posted by Joe FistThis Rob Geeza lives in England so it won't be anywhere as easy as it is in the U.S to file for bankrupcy. In England i a pretty sure you need to go through a hearing in which you have to prove that you cannot afford to pay the debt off. Which is a shame for me cos i could have written off £4000 in the blink of an eye. But not to worry. I think the only way to improve your credit rating is to pay off your debt mate. Usually when you default on a payment off a loan or a credit card, a default notice is sent ot a credit agency which keeps this information on file for upto 6 years. After this time your credit rating should start getting back to normal./ Also, shopping from home catalogues or getting small amounts of credit and paying them off also can earn you points.
Hey Rob,
I have firsthand experience with this sort of thing and I agree with the advice given: try not to go thru those debt cosolidation companies. I got into some bad debt when I was younger and went to someplace I heard on the radio and they didn't do jack for me. In fact, after about several months and over $1,000, they changed their tune and rec ...[text shortened]... . If you are thinking about it, best to do it now before the new laws take effect.
Good luck
Have a five year plan. I recommend manufacturing and selling illegal drugs, particullarly methamphetamines. Roll your profits into the purchase of cocaine and marijuanna to sell to yuppies and college kids. Minimize your involvement in acid and other hallucigenics as they are only midly addictive. Utlimately you'll either end up in prison as someone's bitch or be able to buy your dream house either way is a win-win.
Originally posted by Hand of Hecateoh come one... how bout selling absinthe and Masculin containing cacti, or shrooms.. shrooms r quite profitable... i got a friend of a frend of a friend,😉, that doesnt need to work...lol.. one closet and a dream baby...
Have a five year plan. I recommend manufacturing and selling illegal drugs, particullarly methamphetamines. Roll your profits into the purchase of cocaine and marijuanna to sell to yuppies and college kids. Minimize your involvement in acid and other hallucigenics as they are only midly addictive. Utlimately you'll either end up in prison as someone's bitch or be able to buy your dream house either way is a win-win.
Originally posted by deathbypawnSince you mention a score of 500 or so, I would assume that that is from Experian (you being a Brit and all).
I have got myself in some credit trouble when I was a bit younger. Now that I am older and more responsible I want to fix this, but feel as though I am in over my head. What is the best way to fix my credit and pay off these lenders. Does anyone know about debt consolidation so perhaps I can combine my bills into one monthly payment. Are there non-profit ...[text shortened]... mid 500's ouch I couldnt by a box of raisins on my credit.
thanks for listening
Rob😕😞:'(
I am not in the UK, but am involved in the credit industry. I would imagine that there are data retention rules involved in the UK - best to approach the local credit bureau association, and ask them. These are normally non-profit, ombudsman type organisations. Failing that, simply contact Experian and ask them for the number to call.
Originally posted by xxxenophobeMasculin? Is that a drug to make you look more manly?
oh come one... how bout selling absinthe and Masculin containing cacti, or shrooms.. shrooms r quite profitable... i got a friend of a frend of a friend,😉, that doesnt need to work...lol.. one closet and a dream baby...
- Joined
- 05 Aug 04
- Moves
- 228056
Depends on how much you owe. If you can get one loan over a long period with one GOOD company then it could be worth trying.
Alliance and leicester offer around 6.4% APR. They loan up to £15,000. But whatever loan you get make sure it's fixed and not more than 7%. When applying for any loan you need to justify your abillity to pay it back. Work out how much you will save on other payments by consolodating and have the numbers to hand. Also, work out all your other outgoings and the remainder is your disposable income.
The most important thing is to pay all your bills promptly. You lose points for late payment. Even if it means robbing peter to pay paul and then robbing paul again. A late payment shows up as a 1 on your credit rating.
You can ask for your credit file from the two main rating companies and it's worth doing to see if they have any duff info on you. You can rectify any errors or ask for comments to be added.
They keep the last 3 years info on payments on record.
They are:
Experian PO Box 8000
Nottingham NG1 5GX
and
Equifax (look online)
Finally, your rating is not as bad as you think. 500 is boarding on excellent. Your rating can be reduced for a number of reasons.
Late payment
Missed payment
Applying for too many loans/cards
Being turned down.
Having a poor debt/income ratio.
If you are now earning more then that can help. They are also famous for putting back items on your file that you successfully appeal against.
I have a lot of experience with this type of issue, from your side of things, so if you want to discuss this in private please feel free to message me.
Yeah it sounds like an experian report.
In addition to going to the Citizens Advice Bureau (assuming you're English), you could consult your creditors and try to organise different terms with them. Most creditors in the UK are under the auspices of the Financial Services Authority, and have a responsibility to treat people who are in difficulty, sympathetically.
Funnily enough they will generally organise better terms for you once you have defaulted. Who is the credit with? I might have some knowledge of their own policy.