ok i have a few bad things on my credit. i was 18 when it all started and i am now almost 25.

i have a repo on my account that was 13000 and is now currently at 5500. but the last yr i have been tight on cash and havent paid anything on it so this past may it was closed and sent to a collections agency.
Theres now a potentially negitive closed on the repo account an im sure the collection agency is going to put up a report on it. i am making payments on it.

can i have GMAC remove there potentially neg close off the report since they sold it?

Also I have 3 credit cards on this report that 2 are paid off in full and one is still in collections.
I have a capital one account thats says "current closed" balance of zero and thats the same for the discover card.. they have a gray check mark next to the names. date opend (4/1/02)

what does "Current Closed" mean? is that a positive closed? i did pay them in full and the balance says nothing… not even a 0. but does say credit card- revolving terms.. if this is bad how do i fix this? is as old as 2002 and i wont have any type of comfirmation on payment unless the companies say i paid.
And the 3rd card is a chase that says "Unknown" and "credit card-revolving terms"(8/1/02)
Can i have this legally removed?
An theres a First USA Bank that says potentially neg closed. which i believe its the chase account that was sold to the bank or collection agency.

basically my main questions are.

1. can i have the potentially negative closed accounts gone if they where sold to a collections agency legally?

2. can i have the unknown chase account removed if it was sold to the first usa bank?

3. and can i have the current closed credit card accounts removed?

4. will paying off the first usa bank closed account (12/1/05). make it turn current an lower my score even more? am i better off just letting it disappear?

what can i do to get these off my report?

im trying to buy a house and i make enough money to pay even a 10 percent interest on a house loan but my credit score of 548 wont even get me a loan.

i have to pay the repo cause the collection angency will open a fresh hit on my report. so im sure the 548 will be much lower in a month or less.

any help with this would be great

What if the credit wasn’t due to credit cards or unpaid loans?

I am tired of renting and want my own home. I could also qualify for the first-time home buyers tax credit. I am not really looking for anything expensive or fancy either, I just want 4 walls a roof and a yard. Is it possible for someone with bad credit to buy a house? (I don’t have any credit cards or anything like that. My bad credit stems from a few hospital bills.)

And I’m not really wanting to "fix" or "build" my credit by getting a credit card or anything like that either.

I bought my primary residence 2 1/2 years ago for ,000 and put ,000 into it (it was a "fixer upper"). It now appraises at 5,000.

I plan on refinancing my ,000 mortgage to pay for the debt of ,000 (mixture of credit cards with 0% intros that are running out!) and to make a 20% down payment on an investment property (so I can avoid PMI). I plan on getting another slight "fixer upper" and only want to put in 10-15k into it. I will rent it out for a year or so until I think ive reached a good profit and sell it. Plus I only want to have to pay 15% tax rate instead of like 33% (long term investment).

I am not familiar with refinancing. Should I first get a contract on a property so I can refinance just enough to pay the debt, 20% to put down on the house and alittle money to fix it up? OR should I just estimate and refinance now and keep that money in the bank. I would hate to pay interest on money just sitting in the bank. Or do you know another way of doing it?

i’ve been with my BF for 6yrs now everyone always asks us when r we getting married i usually laugh it off then change the subject. truth is i’m so paranoid about my credit. when i was younger i totally destroid it. i spent years trying to fix it. now its up to the 700 and i worked hard for that. but my boyfriend has bad credit…very bad. He has school loans he hasnt paid off, credit cards, phone, pg&e and hospital bills, all totalling over 10,000. now i know if we get married his credit becomes mine and my score will go back down. i wanna buy a house before i turn 30…im 27 now it will take years for him to fix his credit and mine..if we get married. now what i’m thinking is we have a wedding, reception and honeymoon and all that, we just wont be legally married. my friends and family all say no, but truthfully i’m so worried about my credit. advise please….

I am fixing to get married and we both have pretty bad credit. I have around 8500 in bad debt (4600 in credit cards, 2000 in dr. bills, and rest in utility and misc.) and my fiance has around 25,000-30,000 in debt (13000 student loan, a ton of dr. bills, cell phone bills, utilitiy bills, and other misc) I don’t know what to do! We have already started a family and are needing to buy a house and can’t get financed anywhere because of our horrible credit. There is just so much, we don’t know where to start. I am current on my credit card payments, however, i can only make the minimum payments. Also, I don’t know the law for Illinois, but I have a dr. bill on my credit from when i was 17. And I also have stuff on my credit where my parents have used my soc. sec. number for utilities before I was 15 that the companies say i am responsible for. Does anyone have any good advice that can help me?

1. I WAS INTERESTED IN BUYING A HOUSE. MY CREDIT SCORE IS AROUND 550, NOT GOOD I KNOW BUT IT IS GOING UP AS IM BEING MORE RESPONSIBLE. A BROKER TOLD ME THAT HE WILL HELP ME GET MY SCORE AROUND 620 OR HIGHER AND HE COULD GET ME INTO A HOUSE ZERO DOWN THROUGH FIRST TIME HOME BUYER PROGRAMS IN TEXAS. IS THIS TRUE? IF SO I SHOULD GO FOR A FIXED RATE RIGHT, ARM CAN COST U LATER.

2. I HAVE TWO CREDIT CARDS. HE WANTED ME TO CANCEL ONE BECAUSE OF LOW LIMIT ON IT. I HAVE A GOOD PAYMENT HISTORY OF OVER A YEAR ON THIS CARD. IS THAT A GOOD IDEA. I WASNT SURE AND DONT WANT TO MAKE A BAD MOVE. THANKS IN ADVANCE.

My credit cards got a little out of control during the bad economy these last few year. Nothing serious, I just finished paying them all back.

I am currently trying to save up some money to buy a house one day in the future. But now, I’m worried that banks kill me on my mortgage because of my past credit history.

Outside of paying back the debt which I already did, and keep a stable job. How else can I make my credit rating better?

When I turned 18 a few years ago, I got one credit card with a 0 limit. I didn’t expect for things to start going so awry, but they did. Over the next few years and up to now, I’ve had multiple evictions, numerous utility bills, 2 credit cards, a bunch of medical stuff and God knows what else.

I know as of right now the only thing in good standing is my car loan (in which I had a co-signer) but other than that my debt and my credit is outrageous.

I’m still stuck in the same old rutt, I don’t make a lot of money to pay it off all at once and don’t even know how to make arrangements to get it paid off. I just know that when I’m 30 and done with school, I’d like to be able to buy a house and be "normal" lol. I don’t want bad credit anymore – it’s really that terrible.

What do I do to start digging myself out?