i need to fix my credit since my score is low at 570?

i also noticed my name misspelled on them. should i pay someone to fix my credit? also im from mass and a lot of the stuff im assuming will prop be off my report soon since sol has or is running out since these are from like 1999. and i have student loans in bad standing im currently trying to get discharged. i have maybe 4-5 student loans in default. all but one have the possibility of getting discharged. if i get them discharged and start paying on the one that wont be would that raise my credit score substantially? also on myfico score summary i only scored bad on payment history. i have approx debt of 19,339. about 12, 000 of that student loans. and another couple thousand sol is gonna be out on if not already. should i get someone to work on my credit? how much does one of those agencys cost? and will having student loans discharge increase my score? and should i get a secured credit card since i have no open/available credit and it might raise score to have some??

Public Comments

1. First thing, don't go to a company that charges you. Many free credit counseling services are available to you. At this point, your score should be your least worry. What you need to do is concentrate on paying off your debts. When you start paying on time (and showing a history of that) your score will gradually increase. I went from a score similar to yours to 815, but it took me 15 years. There's no such thing as a quick fix.
2. No no don't get an agency you can do all this yourself -- be strong and try not to worry! You seem overwhelmed by your situation which is understandable -- but hey I've got some info to help you get on track again =) In regards to you other old accounts and bad accounts -- Old debts get written off and removed from your account after 7 years, which begins when the creditor first reports your account -- however some shady companies use whatever information or payments you send them to change the date of your account on your credit reports so that it prolongs the time it takes to get them written off -- this way they can have leverage over you which improves their chances of getting their money. Don't fret, you can easily write to any of the credit reporting agencies if this happens and have them remove inaccurate entries, but of course you have to continue to track your credit score and credit reports until they are completely cleaned up. It's funny but most people think that paying off charged-off accounts is going to help them, and really all it does is show lenders that you are responsible to pay even your late accounts.. however in the world of money timeliness is more important. Even if you pay your old collections such information is not removed until the 7-year time period ends and the fact that you paid late still negatively impacts your overall score no matter if you pay it off or not. So in some cases it may be better to just wait and do other things to boost your score while the other items expire. It doesn't take long for short term changes like account balances, payments, and available credit to show up on your credit report and effect your score -- likely these are the things to have impact over the short term, and you have a better change of fixing your score if you try to address one of those issues, which you can do easily in a matter of weeks. Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year: 1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.) 2. Never Miss a Payment, Starting Today 3. Never use more than 20% of your Available Credit 4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible 5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones 6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance 7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit- 8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan 9. Take out a Small Personal Loan and Repay it Over a Year 10. Ask Someone With Good Credit if They will Account Shadow you When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it... Your Credit Score (also known as your MyFico score) is calculated with the following breakdown: * 35% -> History of Payments * 30% -> Debt to Credit Ratio (available credit) * 15% -> Credit History (length of open accounts) * 10% -> New Credit (are you expanding your credit) * 10% -> Credit Types in Use (varied credit types from loans to credit cards) If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score. You can read more about these tips on my blog: How Can I Increase My Credit Score * http://millionster.com/articles/debt/increase-fico-credit-score/ ~~Another piece of advice is to keep good records and use a credit score tracker to watch your score while you're working on it! I want to wish you the best of luck -- =)
3. If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt. Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder. A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn't undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder. When a person approaches a credit counseling agency, the first thing it will do is to take stock of the situation and get various facts about the credit card debt. The credit counseling agency collects data about the income, expenditure and spending habits. It will guide the credit card holder about budgeting benefits and try to inculcate good financial habits. Read more from: http://www.credit-card-gallery.com/article/353,Credit_card_debt_consolidation_and_credit_counseling_great_tools_to_get_rid_of_credit_card_debt
4. You can raise your credit score. First you have to learn how to eliminate bad spotd from your credit. You can do it yourself or take help from experts. Here are some tips How to Evaluate and Raise Your Credit Score http://fhurl.com/b1420 Best of luck