Limited Income

[fullycommitted]

This is my first time posting on a forum, so my questions may elementary. I have credit score of 590. I am a 29 year old single father and full time student with limited income. I have a meager $1,700 worth of debt. I have $10,000 of student loan that I am not obligated to pay yet. Should I begin paying on the interest? I have been offered settlement agreement that I simply can't pay, and I am afraid of starting payment plans that I can not honor.

I go to school for Entrepreneur Business Management and Real estate, so my goals are based on credit and cash. Through suggestions I have recently been added as an authorized user on a credit card of someone who has a 700 credit score with no late payment during the 6 years the card has been active. Does this help any? What can I do to increase my score with limited income. My income is around $1,200. I know this a long post.

[chane]

Yes, the authorized user account should help. To increase your scores, you will want to get rid of any negatives you have on your credit report, keep your positive accounts current and keep your debt to credit-limit ratio as low as possible.

Do you currently have any negatives on your credit report?