I am 20 years old and got myself into a mess. I have a car that IM way behind on and cant afford and will be repoed soon, car insruance, cell phones, medical bills, credit cards, and a gym membership. I cant afford to pay all this back while trying to live. cant get any help from anyone, and i think this would be my best option. i have learned my lesson, and i am WAY better at making the right money decisions. i just need some good advice. ps. im almost 20,000 in debt. what do you guys think?

also, im not worried about my credit in the next 10 years, i will be okay.

thanks to everyone in advance.

Technorati Tags: 10 years, car insruance, cell phones, credit cards, good advice, gym membership, medical bills, money decisions, right money

I receive a couple collection letters and wanted to know if I should pay the settle or pay the total amount—>>>(on a budget) how would it look on my credit report? any information will help… thanks
Not credit card bills: they are medical, old cable, cell phones…
*credit card up to date and my car note too…

Technorati Tags: budget, cell phones, collection letters, credit card bills, credit report

I am going to try to resolve some bad marks on my credit by paying off some older debt. I don’t have bad credit card debt or anything of the sort. Just some old bills that went to collections from hospitals, cell phones, utilities, etc. Many of these have been from years ago (some 5+ years).

Now that I am making a decent living, I am finding it hard to obtain lines of credit, and know what my score is. I ordered my 3 free credit reports yesterday, and will be expecting them in the mail shortly. I want to try to tackle these ‘old’ debts to get them off my report, and hopefully improve what’s written on my report.

I read that the first step in doing this, is to write a letter to each company listed on the report, stating that you want to rectify the situation, and to work out a payment plan. What types of things should I ask? Should I propose options? If they respond with a payment plan or settlement amount, do I accept it or negotiate? If I correct these, will they come off

Technorati Tags: bad credit, cell phones, collections, credit card debt, debts, free credit reports, hospitals, mail, report stating that, score