Any tips on cleaning up credit?
- Thread starter humble Hermit
- Start date
take it from someone whose credit was messed up, let them old debts die, they will threaten you with fake law suits, with a 70% deduction etc., just rip up them letters, just wait the 7 years till its off your record
the thing is even paying a dime will reset it, at 18 i got my first cell phone and well my bill got to 500 and i never paid, years went buy, it got up to like 1,500 with interests and all, got threatened about law suits, kept calling my house etc., neer budged, when i was 25 ish was gone, credit is now over 700
DONT PAY A DIME!!!!!!
the thing is even paying a dime will reset it, at 18 i got my first cell phone and well my bill got to 500 and i never paid, years went buy, it got up to like 1,500 with interests and all, got threatened about law suits, kept calling my house etc., neer budged, when i was 25 ish was gone, credit is now over 700
DONT PAY A DIME!!!!!!
Field Marshall Bradley
Veteran
If its charged off, fukk it, don't pay it….
If you got some new debts that's currently in collections, only pay them if they will delete them off your record after the terms of agreement are met. Make sure you get this in writing too.
Get a secured credit card and pay most of the amount off every month and let a lil of the remainder tip over into the next billing cycle…….
For example, if you got a 500 dollar credit limit, charge 100 dollars worth in a month and immediately apply 90 dollars to the bill and let the remaining 10 roll over and collect interest….
Even if you're getting your head knocked off on the interest charges, it will be an insignificant amount on 10 dollars….
This shows the credit card company can make money off of you and will increase your score and your credit limit…
Your credit score is based on the likelihood that companies can make money off of you..No more or less…
If you pay your debt off in full every month and don't accrue interest, creditors see you as a dead fish and will do you no favors via your credit line or score……
The trick is to accrue the least amount of interest possible that will further your cause
If you got some new debts that's currently in collections, only pay them if they will delete them off your record after the terms of agreement are met. Make sure you get this in writing too.
Get a secured credit card and pay most of the amount off every month and let a lil of the remainder tip over into the next billing cycle…….
For example, if you got a 500 dollar credit limit, charge 100 dollars worth in a month and immediately apply 90 dollars to the bill and let the remaining 10 roll over and collect interest….
Even if you're getting your head knocked off on the interest charges, it will be an insignificant amount on 10 dollars….
This shows the credit card company can make money off of you and will increase your score and your credit limit…
Your credit score is based on the likelihood that companies can make money off of you..No more or less…
If you pay your debt off in full every month and don't accrue interest, creditors see you as a dead fish and will do you no favors via your credit line or score……
The trick is to accrue the least amount of interest possible that will further your cause
Mindfield333
Superstar
yeah i gotta work on my shyt. props.
good thread. one of my resolutions this year was to be debt free and start focusing on coppin a house. i've got my debt down to about $1,500. i should have that paid off by summer time.
theworldismine13
God Emperor of SOHH
I would recommend using a credit repair agency, some people say not to cuz you can do what they do yourself, all they do is dispute your stuff, but it takes a lot of discipline to do it properly so I personally suggest paying for it
Credit Repair Services & Pay for Delete | Top Credit Repair Company
Credit Repair Services & Pay for Delete | Top Credit Repair Company
Virtuous_Brotha
Superstar
how about bank debt?gotta pay off this fukkin overdraft soon 
Field Marshall Bradley
Veteran
how about bank debt?gotta pay off this fukkin overdraft soon
How long has it been? Do you currently have a checking account?
Worse case scenario is that you get reported to chex systems and it will be hard for you to open another checking account if you don't already have on....
Good thing is is that this cannot be reported to the credit bureaus since there is no default on a credit agreement or loan.
RicanFury
Come Home With Me
can you get a secured credit card from BOA?
whats the best secured credit card out there?
whats the best secured credit card out there?
wild100sboy
:mjpls:
Good thread, I'm currently tryin to get my stuff in order. Tryin to move out by the end of the year and the area I'm tryin to get in I'm sure they gon check that credit score
Midwest
Hanging em up
There's no best secure credit card.. You are putting up the collateral with the $250 to $500 I stated. The purpose is for people who is trying to get some type of credit or repair it. They call it secure because there is 0 risk for the banks or credit unions. If you max it out and fail to pay they will just take that collateral you put up and they are good. Its fools proof but a good learning tool to the credit game. You already fukked up for going with BOA. Find a new bank asap.
Whats the best way to dispute something that was opened without your permission/knowledge that you also did not benefit from? W/O getting the person who did it in legal trouble.
example: family member opening an account using your information
example: family member opening an account using your information
STAY OFF THE PHONE WITH THOSE COLLECTION AGENCY fukkERS AND DON'T ADMIT THAT THE DEBT IS YOURS. If you do
this
shyt saved my life
I lived off cash for 6 years n tap danced on those fukkers
don't declare bankruptcy...
this
shyt saved my life
I lived off cash for 6 years n tap danced on those fukkers
don't declare bankruptcy...
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