Skinny Blonde asked:
I just turned 22 and I want to rebuild my credit. I got into a bunch of debt (approx 6-8k) when I was 18 and I owe several creditors but I am not sure who all I owe and what the amount is. I have no idea where to start but I am just now starting to save my money to pay this off.
I just turned 22 and I want to rebuild my credit. I got into a bunch of debt (approx 6-8k) when I was 18 and I owe several creditors but I am not sure who all I owe and what the amount is. I have no idea where to start but I am just now starting to save my money to pay this off.
Please help me out I am so lost! 
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#1 by shiprepairwoman - December 27th, 2009 at 00:03
Pull a copy of your credit report.
#2 by Matthew - December 28th, 2009 at 02:43
Step one is to get serious. Gather all your bills and financial information and make a list of exactly what you owe and to whom. Then figure out how much money you’re making every month and how much you’re spending. Cut your expenses so you have some money left over. Put that left over money towards your smallest debt every month until it’s paid off. Then take all the money you were paying towards that card and pay off the second, third, and so on. When you have no more debt, put all that money into savings. When you have 3-6 months of expenses in savings, invest your money with a stock broker.
#3 by Robert D - December 28th, 2009 at 21:07
The easiest way is to get a free credit report, they have access to your creditors, you can find these on-line. Type in )free credit report), on the search window. They really are free!
#4 by keyser - December 31st, 2009 at 23:26
Get a credit report. It will list all the companies you have had credit with and tells how much you owe each one. Contact your creditors and tell them you would like to start making payments, and then do it! Sending a little is better than sending nothing. Try to negotiate a lower interest rate. If you have a job, you might be able to get a debt consolidation loan from your bank or credit union. Once you are debt free remember to never charge more in one month then you can pay in one month.
#5 by A Kline - January 3rd, 2010 at 00:46
First you should get a copy of your credit report (preferably from all three reporting agency) and then determine if the information is correct before just paying it. You can dispute the information if you feel that it is incorrect. You can also contact your debtors and try to reduce the amount that you pay them. A lot of times they are willing to take half so that they at least get something. Do not mention to them that you have saved up money to pay them off, they WILL try to take advantage of that information. Just tell them that you are trying to pay back your debt and want to know if they are willing to work with you on payments and amount owed. Sob stories help, but don’t get too carried away. Best of luck!!
#6 by rmcgee20002 - January 3rd, 2010 at 12:31
Start here: (it’s free, and no 30-day trial)
View all 3 Credit Reports, Equifax, TransUnion, Experian.
You will likely see some very bad information about your past due accounts. The fact is though, that you have probably done the maximum amount of damage already. You may try to contact their credit departments and see if they would be willing to alter/adjust the bad info on your credit file in exchange for an updated payment schedule. Get other inputs, but it’s possible that you could pay all the debt in full tomorrow, and still see no improvement in your credit score. This is a very important issue for you, pls don’t only take the advice of people on this site, ask professionals, email Suze Orman, make certain that you’re following a good plan.
#7 by Steve P - January 5th, 2010 at 11:49
Go to the Federal Trade Commission website. You can obtain a “no charge” copy of your credit reports once per year. Get all three. Contact the creditors and arrange payments.
Don’t pay for a credit report, they’re free once per year. Don’t go thru credit servicing or companies that will “cure” your bad credit. Do this yourself, most of these firms are scams and schemes that are usually bogus.
Go luck, get out of debt, stay out of debt. see
#8 by SCH - January 5th, 2010 at 21:46
got to and get all three copies of your credit report. Sometimes they only have a phone number sometimes they only have an address. But usually you can get all the info you need to get in touch with your creditors.
The advice on this website gives great information for dealing with creditors and setteling your debts…and it’s 100% free.
#9 by Michael T - January 7th, 2010 at 00:46
You are on the right path by paying off your debt. I found a website I use often and it offers a free credit repair ebook. You can check them out at . Their ebook explains everything you need to know to get started onto the road to recovery. Good Luck.