Bronzed asked:


When I was 18 I started getting credit cards and loans, and due to youth, ignorance and inexperience I missed several payments and I believe I even hace a certain card “written-off” for the amount of $3. Now that I make good money, I’ve accessed my credit report to pay off all fees and late items. How long will those negative marks stay on my file? I’ve heard “7 years,” I’ve heard “a few months to one year.” Obviously I am now older and wiser and wish to have- and maintain- good credit. If bad marks are on my credit report for several years, is there any way to expidite the process of having them permanently removed? Thanks!

BEVERLEE

Shrimpboat asked:


i have bad credit. i finally got a credit card and can start earning my credit. i’ve been told two seperate stories regarding paying for my credit cards payments to earn those credits.

i was told the 1. if i make monthly payments and not pay my balance (although i have to pay to stupid finance charges), that’s a way to earn credit. so i was told to do that for 6 months to a year and my credit will improve

the second one i was told was that i HAVE to pay my cc bills in full EVERY month in order to get better credit ratings. and also to avoid finance charges.

so which one is correct??

1. make monthly payments, have a balance, and pay finance charges?

or

2. pay my cc bills in full every month and not get charged on interests

BASIL

Robyn asked:


or should i keep an account open? does not having a credit card hurt your credit score?

TU

angeldust asked:


I know it’s a pathetic question, and it sounds like an oxymoron, but sometimes people encounter unfortunate situations in their life, and make irresponsible decisions in their past, and it will continue to haunt them. In the process of dealing with the consequences of bad decisions, life does need to move forward. Cars get old, have 150,000 k + miles and getting another car is essential. If a person (not myself!) has two judgements (totaling under $6000 collectively) and bad credit from credit card troubles, but has a steady job and makes $32,000+ a year, would it be possible in the slighest to finance a car? I am aware of high interest rates and such. I do know from experience that my parents had a bankcruptcy, came out of it, and within a month they were able to finance a new SUV.

Would it better to go bankcrupt? Advice?

CORI

harleycoopster asked:


Need to pay off back taxes, credit cards, auto loan and have fallen behind on monthly payments. Keep getting declined on web loans.

TY