Credit Debt Management

01 Mar, 2010

I Have poor credit and I need a Student loan in November what should I Do?

Posted by: admin In: Poor credit credit cards

My credit isn’t that bad I have two collection agencies calling me for credit cards i got when i first got out of high school a couple of years ago. I just got a recent credit report form experian and it showed I have one good mark on my credit for paying off my class ring on time from friedmans, thats kind of whats keeping me out of the No Credit or Very poor credit rating. Both collections agency are willing to settle for a grand total of 1300 dollars. If i pay this will my credit be good enough for astrive or any other place to accept me. Already filled out the fafsa the helped out a good bit but still need living expenses. Any advise is welcome, Thanks in advance. School starts in November So i have time to fix mistakes before the loans are needed first two months are being fitted by the parents. Plus Mom and dad wont be cosigners they said they paid the first two months rent and after that im on my own.

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4 Responses to "I Have poor credit and I need a Student loan in November what should I Do?"

1 | April F

March 1st, 2010 at 1:21 pm

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Credit building can be difficult. It is more difficult if you have no credit. Usually to clear things up on your credit report you need 6 months. As far as the credit card settlements depending on the length they have been in collections depends on rather you should settle. It is always better to pay them completely off. It will show that you settled for a lesser amount on your credit report. There are other forms of credit that people don’t know about or never realized. You can use your cell phone, car insurance, utilities to show that you can make payments on time. Depending on where you get the load I would go in a talk to them and explain your situation to them and see about using non tradional credit. I just want you to know that I am 23 and have managed to buy my own house and have 3 cars with NO payments. I did get myself in some debt but have pulled myself out of it. Best of Luck

2 | Ricardo T

March 1st, 2010 at 1:37 pm

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I believe the answer you’re looking for can be found on this site. They’ve got lots of info about the subject.

3 | SCAM PATROL

March 1st, 2010 at 2:32 pm

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” SCAM ALERT ” BEWARE OF THE ADVANCE FEE SCAM!!! Never send $ up front via western union,money gram,bank/wire transfer to NIGERIA,(any part of africa), UK, CANADA in hopes of getting a loan(you won’t) You will get 100% GUARANTEED SCAMMED !! Go to http://www.ripoffreport.com and http:// http://www.scam.com for more on internet scams. REPORT these frauds to the IC3 division of the FBI, ATTY. GENERALS office< FTC, and to sites listed above. Don’t be a victim of these internet loan scams. “BEWARE, BEWARE, BEWARE “

4 | Secured Offer

March 1st, 2010 at 3:26 pm

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  • tim t: go for a reputed one The advantage of a debt consolidation repayment plan is that it prevents your creditors from harassing you as long as you go on
  • bdancer222: Most of the debt repair/consolation/settlement companies want their fees up front and leave you credit trashed. Check nfcc.org for listings legit non
  • Deal & Dime D: Call BBB in your state they have reports on everyone for you to review. Good luck and take your time to choose because some debt consolidation compani

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