Credit Repair Blog

1. 3 Responses to “How do you fix bad credit when you’ve never had a credit card?”

2. By csucdartgirl on Nov 22, 2008 | Reply

   All together in 1 payment? Through debt consolidation.

   But since it is such a low amount, pay them all down simultaneously. Pay the smallest one off first and send a low amount to the remaining 3. Once the smallest one is paid off, move on to the next, etc.

   You’ll hurt your credit more if you consolidate.

3. By Matt on Nov 25, 2008 | Reply

   A collection is a collection, paid or not. Paying these debts will restart the date of last activity and will prolong the time that they stay on your credit report. Ex - if these collections are 3 years old, they are schedule to fall of in 4 years (2011), if you pay them now the 7 year clock restarts due to new activity and they will stay on your credit report until 2014.

   The damage is done, why prolong it.

   Start building credit. Get a credit card, make normal purchases (gas, food, etc…) and pay the balance in full every month. You will increase your credit score.

4. By Pravda on Nov 26, 2008 | Reply

   One payment or four payments the total is still the same. If you bank on-line you can schedule your payments through your checking account on-line. Also, may I suggest my website to you? You’ll find a link at my Yahoo answers profile page.

   Good luck to you and your family,

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