I have ruined my credit rating completely.What can i do about it now?
912182
It's nice you want to start off "clean" but of course the only way to do that is to square things up with the creditors. $2000. feels like alot but truly it's not and you MAY be able to get most of it reduced to 50-60% by making them an offer. \nThe delinquient payments for over 1 year have already killed your credit rating so you have nothing to lose in a negotiation with them.\n\nYou might even find out that the balances were so low that the creditors reported you as a charge-off. Which means they totally do not expect to see payments on the debts.\n\nYou'll never know unless you pull a new credit report.\n\nBest of luck to you.
1154720
Write the creditors that haven't updated your report as yet.  They will be more than happy to see that you "did it" yipee! They will take a few weeks but keep checking.  They might even remove the report altogether but usually stay on for three years, some won't remove the report, even if paid off, for 10 years.  I even had one down in California (dept. store) that refused to remove my report, even paid off...ever.  I said what? They said we never will, you were bad.  Well, its gone now but that was years and years ago. Call the folks to be sure they process you as Pid In Full to each credit agency.  Its a lot of work, buy YOU did a lot of work to pay it off, now its their turn.
1030722
If you are now up do date on your payments, and it has been awhile since you became up to date, you can always try a goodwill letter to the creditors. Tell them that you have worked hard to become current, it has been x number of years, can they please list the accounts on your reports as never late.\n\nIf you are still behind on the bills or the accounts have been charged off, thats a whole nother ball game.\n\nI would suggest going to the site that I've listed. It is a "free" do it yourself credit repair site. \n\nThere is no sense paying for anything or anyone to do what you can do yourself. Especially since alot of those credit counseling places will leave you worse off than you are now.
1076838
Pretty soon you will start getting offers from credit card companies (Householdbank, Orchard, First Premiere) and although they start you at a tiny $250 limit, it is a way to start re-establishing credit.  Just charge something small and make payments.  I know it looks like there is no hope, but there is.  Also, order a copy of your credit report and see what is on there.  Try and challenge anything.  Sometimes the credit agencies are so lazy they won't verify anything.  Is your BK dismissed?  Sometimes if it is dismissed, you can have it removed.  I just got mine removed from Experian.  Good luck.
1161006
Don't panic!  First, they're not going to come after the store.  Credit card companies can't really come and take things...that's why they call it unsecured credit.  Furthermore, they would have to go to court to get any kind of judgment against you, and even if they did, all they could do would be to go after your bank accounts (in your own name) or paycheck, but even that is extremely unlikely.  So, really, this isn't worth worrying about right now.\n\nSecondly, let's undo some misconceptions.  The minimum payment (not finance charge) that doubled is not because of any 'bad credit' statement.  It is standard.  Suddenly, lots of us are seeing the minimum payments increased, and it is something that results from a change in the law, not any decision that the credit card companies are taking.  The requirements have been made because many people have payments so low that they may never get out of debt.  The problem with such a law is that it has had the effect of suddenly whipsawing people into deep trouble that shouldn't have gotten there.  But we can't change that here.  Let's talk about how to deal with the new reality.\n\nYou can simply stop paying, but that may not be your best option.  It will affect your credit for real, and limit your options in the future.  You may also consider refinancing somehow, but this may only get you in deeper.  I think the best thing I could recommend is to get in touch with a credit counseling agency such as CCCS.  They may be able to get your monthly payments reduced back down to the level you were paying before.  It won't happen without some problems (such as cutting up your credit cards), but it should help you get out of debt entirely within about 5 years.\n\nBest of luck to you.
1141308
you can not pay them but they will be sent to collections and they will be harrassing you\nalso you will ruin your credit rating
661279
I barely understand what your saying. \n\nIf someone else ruined your credit, prove that it isn't you. If you bought a car and couldn't make payments, a judge can order your wages garnished. Apparently, the creditor does not trust you to make payments on your own [without being garnished].\n\nThe lawyers you work with -- criminal or not -- should be able to give you advice on how to rectify the situation. Ask them for help.
530267
get a lawyer fast before he ruins your credit
793943
Contact the major credit bereaus. They can provide you tools to correct it without involving the law.
123318
Don't do this.  It's a scam.\n\nThere is no way to "fix" your bad credit.  You can only improve it over time by paying your bills & being responsible.\n\nYou can, however, fix errors if there are any on your credit report.  You're entitled to one free credit report a year at annualcreditreport.com
568633
Here are 3 websites that will discuss your credit rating and how to improve it.  Some things can be done quickly, others take time.  Good luck!
60822
Is your poor credit score the result of your own true actions (i.e. have you paid late, defaulted, or taken on too much credit)? If this is the case then, unfortunately, there isn't really much you can do to improve your score. If this is not the case and your poor credit score is the result of fraudulent activity under your name then you do have recourse. Firstly, you will want to report the abuse to all the credit reporting agencies, the credit issuers, and the authorities. Once you have done this, you can consult with the respective credit reporting agencies to help clear your unwarrented bad record.\n\nNow, if your score is because of your own actions the best thing going for you is time. The older your bad stuff is on your report the better this will be for you. Therefore, don't continue to make bad decisions when using credit. Also, to reestablish a good credit score you may want to take out a secured lined of credit. This can be done many ways but one easy way is that you deposit money with an issuing credit card company. I did this years ago with Citibank sending them $300 in which I got a credit card with a $300 limit. After a year of using my card wisely, paying my bill every month on time, they sent me a new credit card with an $1800 limit and my $300 back with interest. This was 12 years ago now and I just got out of high school at the time so $300 isn't what it used to be but whatever amount you start with it will start improving your credit. Good luck.
208534
I'm going to assume you have unpaid debts that went to collection.  Start by going to your creditors, and giving them a plan to have the money you owe them paid back.  Then stick to that plan like your life depends on it.  Once repaid, they'll clear your name, and report your debts paid to the credit bureau.  \n\nAll the while you do this, keep all payments up to date.  Now this is going to take some time, but the number one and two things lenders look for with people who had previously bad credit are your resolve to pay your uncollected bills, and your resolve to have learned from your mistakes, and keep all payments up-to-date.  Good luck!
317036
Here is a method I used once to get rid of a legitimate debt that I owed. You may be ablet to adapt this and use it for yourself. \n\nI owed a $485 bill to AT&T that I refused to pay until they took down a cell phone tower that had been illegally erected right next to someone's back yard. Of course they ignored me, so I ignored them right back and things went round and round for a few years like that. finally the debt was sold to a collection agency and then to another one and finally to one in Florida. Up to this point none of them had reported it to any of the credit bureaus. Suddenly one day, there it was! A festering puss-filled sore right in the middle of my credit report! I immediately wrote a letter to the collection agency saying that the debt was not mine, that this was an old debt (by now it was over five years) that was being shopped around until they could stick it on somebody. I told them this was very damaging to my credit, that I had no other late payments, and I demanded they remove it immediately. Also, I said, at the time this debt was incurred there had been two other people living in the same county as me with exactly the same name as me, and it must have belonged to one of them. Again I demanded that they remove this thing from my credit report. About two weeks later I got a very apologetic letter from them saying how sorry they were for the mistake and yes it would be removed from my credit report immediately. It was and I never heard from anyone about this again.\n\n"Hell no," said Tom. "I'm not paying this. You can take this bill and shove it!"
1076187
no. there is absolutely no way that can damage your credit. In fact, I think you just discovered the one thing that CAN'T damage your credit. what you do is just normal consumer actions. everyone does it and other than making sure you're credited back your purchase amount, there's no way it can do any damage.
219115
Sorry to say there are no "magic bullets" you can use to quickly fix your credit score.\n\nFirst step is to understand exactly how your credit score is put together.  Go to www.myfido.com and readup!  These are the folks who wrote and licensed the scoring system used by the credit agencies.\n\nNext, you need to start cleaning up your credit report.  You can get a free copy from www.annualcreditreport.com.\n\nNow you gotta fix it by removing negative entries, deleting inaccurate information, and challenging records that may be old and outdated.\n\nBelow is my "warchest" of informational sites that will instruct you how to go about it.  It also contains some sample letters to send to credit agencies, creditors, and (if necessary) government agencies.\n\nIf you need any help, advice, or encouragement contact me. I've helped a lot of people do this.
1140477
Start by reporting this to your credit card issuer. \n\nThen get a report from the major credit agencies: \n\nExperian   http://www.experian.com\nEquifax   http://www.equifax.com/\nTransUnion http://www.transunion.com/\n\nGet on it right away. You will be responsible for only $50 of illegal charges, but it takes time. Don't delay.