Susan wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
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“Dear Steve,
I have a lot of charge offs and medical bill collections, I also have a few good accounts on file.
What in the world do I pay first to clean my report up?
Susan”
The Answer:
Dear Susan,
First, get a copy of your consolidated credit report. This consolidated credit report is the same one I use and I love the easy to read format.
Next, it will be easy to identify the old and outstanding debts on the report. I would suggest that you use the debt snowball approach to pay off those old debts.
Doing that will help to improve your credit score. But you could also purchase the credit score option with the consolidated credit report and it will specifically tell you which debts will improve your score the most when taken care of.
