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buxfan11 fragte in Business & FinanceCredit · vor 5 Jahren

Credit repair situation.?

Alll medical bills from heart attack, one voluntary repo on a lemon car. Regained health and now trying to repair my credit score. Hired an attorney that specializes in that. I thought he was gong to offer settlements with the smaller debts first, as that would seemingly raise my score quicker as the creditors remove those negatives. The attorney caled me yesterday and said he got a great offer on one of the medical bills that was for $10,000 settled for $3500. The problem is I just got back to work and do not have any money saved to pay that. They also want it in a week. The question is should I stick to the plan and get the smaller ones paid/removed, sell some possessions to pay the big one, use $300 that I do have and get a securededicated credit card thru my bank and but small purchases and immediately pay them off? Which is the quichest way to get my credit score higher. One of my biggest hopes is to have better credit in order to get a newer more reliable vehicle. It would seem best to get a settlement and pay the bad car debt to get that one removed first. Car dealers/banks I feel care less about medical debt, than seeing a car loan not paid. Am I correct in that assumption? Lastly, it's not very healthy for my heart but I'm really trying to get this all done faster by working 90-100 hours a week with 3 jobs. Thanks to anybody in advance for answering my question.

5 Antworten

Relevanz
  • vor 5 Jahren
    Beste Antwort

    Unfortunately, as long as there is one unpaid collection account, your score is not going to budge much. Once you get them paid, then you get the secured card and use it to raise your score. Use the card for no more than 30% of its limit and pay it off when you get the bill (not before).

  • vor 5 Jahren

    Credit Karma

    Quelle(n): life
  • Anonym
    vor 5 Jahren

    You can't get negatives removed from your credit history by paying defaults or settlements after the fact. You only get them updated to "paid" or "settled" status, which does very little for your credit scores. You are being poorly advised. There are no more "pay for remove" deals.

  • vor 5 Jahren

    Sell your stuff, or do whatever it takes to pay the $3500. If you don't, then you may have to pay all $10,000-and not be able to get it removed.

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  • vor 5 Jahren

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