Best way to rebuild my credit?

[jrab7715]

I have to credit cards that i recieved last November that i have not made a payment on the total due now is around $1800. i also got a computer from Dell around the same time and i owe them appr. $2000. I would like to take out a loan and pay all that off. My question is what is the best way to to that to rebuild my credit? Take out a loan and just pay them off or do it monthly?

[Chuy M]

Start paying those things. Your credit right now is in the toilet and if at least pay the minimum on each for a year you can ask them to take you out of default. If you can afford to pay them off entirely then do it and let the cards chill inactive for a few months and then call them and demand they take you out of default or you'll cancel the cards. They will probably do it. Once you've gotten the cards back to normal, use them to pay your bills but always pay it off. Your recent activity will look good.