Credit scores: Does your past financial responsibilities control your life?

credit - credit
@mfrancq (1808)
United States
December 11, 2006 3:04pm CST
When I was in college I went a little crazy with credit cards. I really didn't understand the dangers behind them. Then I started getting bills and couldn't afford to pay them. My credit really went down hill after this. I have tried for five years to clean all of this up. I have got everything but the medical bills off..which is several thousand dollars worth. These I am on a payment plan with. However, my credit does not seem to be any better then it was. Anyone have suggestions on how to clean this up? How do I get my credit score back to good? Thanks!
3 responses
@silkkat (231)
• Canada
11 Dec 06
money - just a photo depicting money.
It won't ruin you for life as long as you keep paying the bills now. It will take time but it can come back. Trust me I know from experience. Ask your financial institution about a secured credit card to help build it up. But to be honest just stay away from credit cards they're bad news.
@skyblade (482)
• United States
11 Dec 06
I'd suggest talking with a financial advisor or someone who is more of an expert on credit. It sounds like you learned your lesson and are doing what you can to put your credit in order. It does take a long time to rebuild your credit so even after 5 years its not that out of the ordinary to still not have the credit score you want/need.
@srhelmer (7032)
• Beaver Dam, Wisconsin
11 Dec 06
Before we wised up, we were buried in credit card debt. Now that we're debt free (except for the house and student loans) we are much smarter with our money.