Category: Debt settlement

I am in debt as well

I am in debt as well, got maried to a man with no debt at all/ no credit at all. But I feel obligated to him, myself and my marriage to clean up my credit before we try to buy a house. I will be married a year December 19, 2015. Try sitting down with him at night a draft a letter to all of your creditors and setting up a payment plan.

Or wait until you are married, then go together to a credit counselor or your bank and do a bank consolidation loan. My husband, decided he would pay all the bills for as long as it takes for me to clear up my credit. Luckily, we dont have carpayments or children young enough where we have to worry about daycare.

7 year clock

I am confused or missed a few emails – do you mean that once any action is taken on an account it goes another 7 years on your credit??
So if I am good and pay off an account it actually hurts me by showing up longer?

I am finding several things I thought I was doing right and has hurt me big time on my credit. I had several items through Consumer Credit Counseling and when I came into some money I went ahead and settled so I could pay off all the accounts. Wrong thing to do – now it shows settled for less or some just show adverse comments. So frustrating.

Settling looks bad on your credit report. I know, I did it.