My fiance is in about $2,000 debt. I knew he had debt but we’re just now talking about all of this. It’s with three different places. Golds Gym -$861, Dish Network -$479, and Verizon -$789. We were planning on finding our own apartment in less than a year but we need this paid off before we do anything; I feel like we need this taken care of before we do anything. I’m not sure where to start considering I’ve never been in debt. Is there anyways we can set up payment plans with each company and stop it from bringing down his credit score even more than it already is?
It;s good you are talking about this now. Good job on that.
If these are final amounts owed, then the place to start would be with the creditors themselves. Keep in mind though, the faster you pay these off the less they will negatively impact his credit score if they are delinquent or going to fall delinquent.
If these are impacting his credit score then we need to think about cleaning up his credit at the same time.
If we just leave a negative history as the last event then his score is not going to climb back up very fast. We need to start adding some good credit as well.
The best way to do this is for him to get a secured card. You can find all the details on this process in How to Easily Rebuild Your Credit and Have Good Credit Again.
If you both tackle the old debt and rebuild new good credit it will go a long way towards giving him the best score possible by this time next year.
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