I NEED CREDIT HELP $$#@$#!? | Articles About Finance

Well guys?

From about 18-21 I obtained a few different credit cards (3-5). In my young stupidity I ran these cards up and could not pay them off. Last year, I saved up about $5,000 and contacted all of the collection agencies that had been writing me letters. I settled on all of the cards for the price they were asking. I should?ve paid the entire amount but I didn?t have the cash and was under the impression that paying the requested amount from the collection agencies was the same as paying off the card entirely.

Here I am now, 23 years old and wanting to buy a house in the next 2 years. I currently have 3 credit cards that I pay on time every month in an attempt to rebuild my credit score. I also have a student loan that?s in good standing. However, I have about 5 negative accounts on my credit report from the cards I had when I was young and closed. I am DESPERATE to repair my credit and am willing to take any steps I can but I just don?t have many resources. I have written letters to all of the companies on my credit report kindly asking them to remove the negative accounts but my requests were all denied. I Google?d ?credit repair services? but it seems that everything I find is expensive, illegal or both.

I really would like to get my credit above 660+ for car loans, mortgages etc. but I am far below that. Last year my score was 592 and now that I have new credit cards trying to IMPROVE my credit, my score has dropped to around 560. I am extremely frustrated.

Is there anything I can do that I?m not doing? Most of the accounts on my report say that they will not be removed until 2014. Will I really have to wait that long? Once the accounts are off does your score automatically go up? I apologize for being a newbie but I really do want to learn. I?m an aspiring entrepreneur and am learning that credit is EVERYTHING. I eventually want to start building business credit but have learned, to the best of my knowledge, that that even relies heavily on your personal credit.

Any advice will be greatly appreciated. PLEASE HELP!?

Source: http://article-finance.com/i-need-credit-help/

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