What happens to your credit score if you pay off all your debt and never get another credit card?

October 16, 2011 · Posted in Improve Your Credit Score · 30 Comments 

I have a tremendous amount of bad debt. Almost 2000 dollars. If I were to pay it all off, would it raise my score or just keep it from getting lower? I have no intention of EVER having another credit card. My credit score is in the low 500s. What will happen if I pay off all debt and do nothing to raise my score?

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    I need help fixing my credit but I don’t know where to start.

    October 3, 2010 · Posted in Improve Your Credit Score · 51 Comments 

    Here’s my situation: I have about 10k in debt and really bad credit. About 90% of my debt is medical bills that I could not help because I didn’t have insurance. The rest is unpaid cell phone bills, utility bills and a credit card that is wriiten off as “bad debt”. I’m only 23 and I want to fix this so I can buy a car, a home, and start buliding my credit again. If I just start paying them off with what I can afford (that would only be about $200 a month) this would take years to pay off. I’m also getting married next year with no one to help pay for the wedding and everything. My fiancee’s credit is just as bad as mine, so he can’t help. What is the best thing for me to do so I can at least buy a home in the near future? I don’t want to be in my 30′s and still living paycheck to paycheck. I’ve heard of debt consolidation loans, but if you need decent credit to get a loan, how could I get one? I know there are alot of scams that would take advantage of a person in my situation so I want to find a reputable company to work with.

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    Can I get a car loan while on disability?

    May 14, 2010 · Posted in Qualify For Loans · 11 Comments 

    I live in Minnesota and I can’t work because I regularly go in for dialysis and I need a car to do this. Would anyone know how I could get a small car loan. I have real bad credit also.If anyone knows please answer thanks!


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    Debt consolidation loan for people with bad credit

    May 9, 2010 · Posted in Improve Your Credit Score · 5 Comments 

    I am in dire need of a debt consolidation loan and I have bad credit. I can make things work with $5000, but I don’t know where to start. I have gotten emails from people claiming that they can loan money but they sound fishy because it is not a company email, their emails always seem to be yahoo. Any info will help. I fell on hard times and am now able to pay my monthly bills but I cant seem to catch up after falling behind. I have a 5 yr old and I don’t want him to suffer if we loose our home or car.


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      Credit report without a credit card

      May 4, 2010 · Posted in Improve Your Credit Score · 6 Comments 

      OK, I’ve never really understood the whole credit thing  and I don’t know if I have bad credit or no credit…but, I can’t seem to get a credit card from anywhere to even build credit? Where is the best place to check out my credit report safely and help me understand in laymen’s terms about everything?


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      How or where can I get a loan with bad credit?

      May 1, 2010 · Posted in Qualify For Loans · 8 Comments 

      I am looking for a personal loan, but my credit is not good. I don’t want a payday loan but that is all I find on the internet when I type in personal loans for people with bad credit. Do you know any lender who will give loans to people with bad credit? I don’t really care to much about the interest rate. I just would like the loan to pay off some stuff and get some new things I need around my house. I don’t own a home, so I can’t get a home loan.


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      I have a low credit score. How can I get a personal loan?

      April 20, 2010 · Posted in Qualify For Loans · 5 Comments 

      I am trying to get a personal loan through my credit union. I have bad credit due to immature decisions when I was younger. I now pay my bills on time and am capable of paying back a loan. Do you think I have a better chance of getting the loan if I have collateral and a co-signer?


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