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Mobuis · 12-02-2008, 02:18 PM

I know this isn't bike related but maybe some people can relate and maybe offer some sage advice or some alternative to this situation. But I was wondering if any of you have had any problems with recovering from bad credit? Me and family right now are tight on cash these days ( who isn't) but our situation right now allows us to make the the basics and hopefully keep a roof over our head. My biggest concern is that we have medical and credit card bills that are outstanding and some have even went to collections. Now I know that they have changed some of the debt collection laws, but I am not going to do like most people who get into my situation and file for bankruptcy because I know that can stay with you for awhile. I guess what I am asking, is it better to ignore the bank and pay the bill when you can or is better to keep in touch with them and send what you can when you can. My ultimate goal is get rid of everything and become debt free (somewhat) and hopefully have a good credit score to refinance our house, but how long does it take before you can see an improvement on your credit score? How long is too long to try and pay a debt off? and what other options other than debt consolidation is there?

12-02-2008, 02:18 PM	#1 (permalink)
Mobuis Skerd To Ride Join Date: Jul 2004 Location: Winter Haven Age: 33 Posts: 375 Casino Cash: $21324 Sportbike: 2000 Kawasaki ZX-6e, Honda 2001 CBR929, Yamaha 2002 R1	Credit Questions?? I know this isn't bike related but maybe some people can relate and maybe offer some sage advice or some alternative to this situation. But I was wondering if any of you have had any problems with recovering from bad credit? Me and family right now are tight on cash these days ( who isn't) but our situation right now allows us to make the the basics and hopefully keep a roof over our head. My biggest concern is that we have medical and credit card bills that are outstanding and some have even went to collections. Now I know that they have changed some of the debt collection laws, but I am not going to do like most people who get into my situation and file for bankruptcy because I know that can stay with you for awhile. I guess what I am asking, is it better to ignore the bank and pay the bill when you can or is better to keep in touch with them and send what you can when you can. My ultimate goal is get rid of everything and become debt free (somewhat) and hopefully have a good credit score to refinance our house, but how long does it take before you can see an improvement on your credit score? How long is too long to try and pay a debt off? and what other options other than debt consolidation is there?