Credit Repair?

[Tom Graphics]

I made some bad choices, and it has ruined my credit...counting medical bills and school loans its around 15k. Has anyone used one of those programs that combines them all in to one payment? Do they really help your credit? Other options? Thanks,Tom

[Ted]

No, They don't because you will have accounts that say that they were paid less that the original amounts. They will still have derogs attached to them. The school loans are serious, there is no SOL protection. Medical bills can be a problem if they are at government owned hospitals. The nice thing about medical bills is you can pay the doctors directly and not pay the collection agencies. Collection agencies take 40% or higher, its better to pay the doctors.

[Duane B]

I would also bookmark the site listed below. It is all about credit repair and still under developement, but so far this looks promising and I subscribe to the RSS feed. I hope they let readers contribute because i have some input I learned from this myself. You can fight what is on your credit report and I would go to this site and start that before trying to open anymore credit accounts!