What is the best way to get this resolved?
I have not so good credit. However, all I owe is past dr. bills and its roughly $5,000 and I also have 2 credit card bills that were written off which wasnt but $2,000 together. Could I still pay even tho they were written off? I cant get any credit because I have past delinquent account ratings, bank revolving accounts, and delinquent credit ratings. What do these mean? Bank revolving accounts, what is that? Would my credit improve if I start paying these off even tho they are in the past? How long would it take b4 I see a difference in my credit ratings? Could I go to a credit counseling place and get these bills on 1 monthly payment or do they even deal with dr. bills under $10,000? Thanks.
Public Comments
- I suggest you stop looking for credit and just live within your means. It would be better for you in the long run.
- The credit card bills that were written off are history. You will, however, need to let your tax person know. They will send you a Form 1099 at the end of the year. You have to pay taxes on the amount that was written off. Bank revolving account are where you are changing banks, etc. Call the offices of the doctors bills and make a plan with them. Then make sure you stick to the plan. Even if it's $20 per month, they will appreciate the account being paid on. Your credit has taken a huge hit. It will take NO MORE CREDIT CARD (cut them up, burn them, chain saw them), payment on past due bills, etc. to clean it up. You may be looking at five years or more until you can get everything sorted out. If you want help with a budget and getting out of debt, go here: http://www.daveramsey.com
