I have $900 in bad debt and no credit cards, should I pay them off or get secured credit?
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The debts are rediculous medical bills from my boyfriends fathers office, he told me it'd be free but I guess not. I also have 21k in student loans through the stafford loans which are being deferred. I have never been approved for credit cards and I'm wondering if I should get secured credit or have my parents add me as an authorized user on some credit cards.
Which steps should I take to help my credit report? How fast will my report change?
I have $900 in bad debt and no credit cards, should I pay them off or get secured credit?With those debts how can you even be thinking of getting a credit card??? Pay off the student loans and get rid of the other debt (no matter how unfair it is). It is unlikely you will get a loan anyway, secured or otherwise, with those debts.
I have $900 in bad debt and no credit cards, should I pay them off or get secured credit?This answer is stupid. Pay off your $900 in bad debt and keep your student loan payment current and your credit will be fine in a hurry. Report It
I have $900 in bad debt and no credit cards, should I pay them off or get secured credit?If you pay off all your bad debt, your credit will be good in a few months to a year. Once you have everything 'paid as agreed' or at least paid off you'll start getting regular credit card offers. If your student loans are from the government and not a bank, they are willing to make just about any payment plan (if you need it when your deferrment is up) as long as you say you plan to pay it back someday. Even the banks are kinda friendly about student loans.
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