Q&A: Repairing Credit?

Question by dionne m: Repairing Credit?
Any suggestions on a company that can consolidate card debt, but do it for free?

How do I build back my credit score?

I have student loans and someone told me the best way to do this would be to pay off credit card debt and then slowly pay off my student loan becasue thats the biggest debt. Is this true?

Fast Credit Repair
Best answer:

Answer by Sarah K
There’s no way that I know of that will consolidate debt for free… most of those places are scams and hurt people’s credit scores. I think that paying of the credit card debt first is the best thing because that’s the highest interest. Student loans, as long as they’re paid on time, can actually help your score. The main thing is paying on time and having a low debt-to-income or debt-to-credit ratio.

Know better? Leave your own answer in the comments!




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders