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Now the details. I was an undergrad student in 2003 and paid my tuition fees with credit cards. I had 5 all in the range of 1000 -2500. I stopped paying when i couldn’t find a job and i moved a lot. ended up going and living in another state. Now i have a job but its a temp job, so I still don’t know if next month i’m gonna have it or not. What should i do? My credit score is somewhere in the 500’s. Is there any hope for me? I don’t have any credit card info coz i lost them while i was moving. What is the best way to go ?
I didn’t expect to not pay them, i just didn’t have a job. Now I do but i don’t know one day to another. Also most of the cards have charged off the balanaces. It will be 3 years since any payment has been made on these cards. Do I leave them alone or what? I am scared of calling these credit companies.

7 Thoughts on Bad credit score and some more?
  1. Reply
    October 25, 2011 at 3:11 am

    At least pay something on all the cards. Making the minimum payment is better than nothing at all. I am sure you remember what company the cards were with, so look them up and call them. You should have forwarded your mail anyway.

  2. Reply
    Karen M
    October 25, 2011 at 3:19 am

    You can get a free copy of your credit report online. Use that as a resource to contact the credit card companies. I wouldn’t even bother to call them to try to work out something unless/until you have money to send to them.

    Ask for the Customer Assistance Plan. They can generally give you a reduced interest rate until you pay off the balances.

    Five cards maxed out to $ 2500 with interest and late fees over 3 years could literally have you $ 50k in debt.

  3. Reply
    October 25, 2011 at 3:56 am

    The only thing you can do is to start rebuilding your credit, by paying your bills in a timely manner. If you cannot do this, then your credit rating will be forever muddy.Sorry, but that is the way the business world is run.

  4. Reply
    Costa rica
    October 25, 2011 at 3:57 am

    Pull your credit. See what is on your credit report. If there is any dept older than say 6 years, you are probably better off not paying. Old debt falls of at 7 year mark. If you have charge offs- which is what debt is considered when you don’t pay, you may want to contact the credit companies and make arrangements as paid charge offs are better than no payment at all.

    Try to have some of them taken off as well. Lexington law is a good web site to have them do that.

  5. Reply
    October 25, 2011 at 4:14 am

    Wow, honestly (and I am not judging you, please don’t mind it) I don’t even know where to began. Depends which state you are in, find out how long do you have (something called statute of limits). read up on it and I mean detailed reading. Make yourself an expert.

    Otherwise, if you just want to pay off everything (which I probably wouldn’t do in your case) find which cards you had and that you can do by getting your credit report (depending on your state, you might qualify for a free one every year) and get the report from all three of the credit bureaus.

  6. Reply
    October 25, 2011 at 5:04 am

    Your credit score is attached to your social security number, so it will follow you where ever you go.

    If you want to pay them off, simply call the companies you had the cards with. You don’t need the card numbers. Ask them about payment options.

    If it’s in collections, you can probably negotiate the debt down.

    If you want to get another card, try Orchard Bank.

    Realistically, you’re in a deep hole if you want to pay it off. I would leave it alone, and let it drop off of my credit report. At least you got a free education.

  7. Reply
    October 25, 2011 at 5:17 am

    yeah, a ‘free education’

    a STOLEN education, a thief steals and that is what that is.

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