Need To Improve Credit Score

Mar 222011
 

Hello Everybody,

 

Well my name is Lily and I am here because I need advice on impoving my Credit Score.

My parents are in DEBT and they are loosing our home the only hope we have is Refinancing, My father wants me to give it a try. I am the only one with a Decent Credit Score.

 

My Fico is 585.

 

The only problem is that i have credit card debt, i have never been late or missed any payments. the problem is that i have used more than my 30% on the cards.

I am carrying a balance on probably 10 cards.

 

Recently one of my dogs got sick and we couldnt affor the vet bill so i applied for several cards and i believe that had a negative impact on my credit.

 

can someone give me advice on how or what will help me  improve my credit.

 

Thank you very much.

 

BTW: My total debt is about: $7,000 (credit Cards) and i have an auto loan of ($19,000)

When does a company sue?

Feb 072011
 

I just had several cards go into collections (Nov/Dec 2010) due to not paying them because of medical bills and financial stuff. We almost lost our house to foreclosure. We got on a repayment plan for that. I am sending out 4 PFD letters to the collections agents for some small cards. Waiting for a settlement offer on a couple of others. My big cards have a repayment plan with the OC. I have 2 or 3 that I am worried about. How long does it usually take them to sue. I am desparately worried that they will. I have looked into bankruptcy and will use that as the last option. I don’t think we qualify for chapter 7. We will probably qualify for chapter 13. If I had to go that route, I want to get our house out of the repayment plan (April). I am trying to work with the creditors but it is literally making me ill. I am just wondering if they sue immediately. Do they wait a while?

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