Credit report?
23 / Dec
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December 23rd, 2011 at 12:26 pm
Depends on the dollar amounts of the debts you owe.
If it is relatively small, then you want to work with the collection agencies on a case-by-case basis.
All communication to the collection agencies should be in writing. DO NOT handle this matter via the telephone.
It wouldn’t hurt to contact the local Consumer Credit Counseling Center to get a better assessment to how to approach your delinquent debts as well.
December 23rd, 2011 at 12:49 pm
Your best bet is to contact the creditor directly. If you go through a credit counseler or consolidator, your credit report will be trashed. You would be better off filing bankruptcy. However, first, contact the people you owe money to and work out payment arrangements. In a few months, your score can be going back up.
December 23rd, 2011 at 1:01 pm
When you say “hits” What areyou referring to? A hit in your CR in general means that cedit companies e.g loan officers, credit card companies car loan companies have looked into your credit report. I have a feeling that you are referring the bad things on your creduit report. I would suggest callingyour creditors and seeing if they have accesed any of your records and then proceeding from there. Also might want to see which credit bureaus the report was pulled from that might help as well
December 23rd, 2011 at 1:56 pm
Credit Counseling : If you are caught in the debt trap, you need the services of credit counseling agencies. These agencies assist people who are burdened by debt. They are staffed by experts who have a thorough knowledge of financial management