I am looking for some advice on how to repair my credit. I recently pulled my credit reports from annualcreditreport.com and it showed I have about 7 old accounts in collections (medical bills , parking tickets, old credit card, old phone bill) that appear to be due to roll off my credit report within a year. Aside from student loans and an old credit card that i let go unpaid into collections i have not established any positive credit history. I recently applied for a wall-mart credit card and was denied and on the denial letter it said my score was about 425. I am wondering if a secured credit card and or loan along with bringing my student loans out of deferment will be enough to establish good credit assuming all bills are paid on time and reported to all three credit bureaus. Also can i really just let my old debt roll off my credit report. I am 27 years old i have a good job and although i realize i was very irresponsible and ignorant when i was younger i just want to try to get passed it and start to put myself in a position to own a home at some point in the future. Any advice or information is helpful, thanks.