Restoring credit.Q A I am a recent college graduate and have a very low credit score. I had six credit cards that I let go into collections. I will start my career--which, ironically, is in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry--during the summer. I realize my past mistakes and how they may affect my future. I contacted the collectors for the accounts and paid them all off. What else can I do to start rebuilding my credit? --C. Blakes, Bensenville, IL I, too, found myself in a similar credit conundrum as a youngster in college. Although it seems very daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin to begin to rebuild your credit, here are a few options: * Since you paid the amounts off in full, ask the credit agency to report your collection as "paid as agreed" instead of the negative notation of "collection paid or paid charge off." Read Everything You Wanted to Know about Credit But Were Ashamed to Ask by Renee Crenshaw cren·shaw also cran·shaw n. A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh. [Origin unknown.] and Anthony B Anthony B is the stage name of Keith Blair (born March 31, 1976), a Jamaican musician. Biography Early life Blair grew up in rural Clarks Town in the northwestern parish of Trelawny. . Miles (Rising Star Foundation; $29.95). * After six months at your new job, reapply Re`ap`ply´ v. t. & i. 1. To apply again. reapply vi → volver a presentarse, hacer or presentar una nueva solicitud for credit. You can start with a gasoline card or department store card. To avoid getting into the same situation as in college, don't overspend o·ver·spend v. o·ver·spent , o·ver·spend·ing, o·ver·spends v.intr. To spend more than is prudent or necessary. v.tr. 1. on the card. Spend $50 monthly on the card then pay the balance off each month, on time. After six months, repeat this cycle with a major credit card. * To see your progress, check your credit report at www.myfico.com. Compare the score now to a year from now. You should see your score improve significantly. Mail your consumer empowerment questions to Ask Your Advocate, BLACK ENTERPRISE, 130 Fifth Ave., New York, NY 10011 or send an e-mail to sykest@blackenterprise.com. |
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