I Screwed Up My Credit Score. Is There Hope to Bring it Back?


Dear Steve,

Several accounts past due on my credit report due to some medical problems last year. Trying to raise my score by 30-50 points to obtain a home loan.

I have approximately five accounts with minimal balances that for some strange reason, I stopped paying all together last year. Please do not judge as it was a tough time for me mentally and apparently I had a mental break down when paying bills. I kept up with my larger bills, rent, daughter’s student loan, furniture loan, car payment, etc., but let the little ones go. I know that I should have turned to family or to the creditors for guidance, but I didn’t and I cannot go back. Will any of these creditors work with me now? Or should I just resign to renting for the next seven years while I straighten these issues out?



Dear Cindy,

No judgment here. Stuff happens and I totally understand.

You don’t need to give up and this should be an easy process to deal with.

This needs to be a two front approach. No only do you need to deal with paying off the old debts or coming to a settlement agreement with the current debt owners, but you also need to make sure there is good credit being reported about you.

Often times when people run into situations like this they give up on using credit all together. But it takes the current demonstration of good credit use to help life your score up even further.

I think CreditKarma.com has a really good credit score modeling tool that shows you exactly how different things you can do will adjust your score. It’s free to use on their site.

You can read my free credit repair guide.

This should not take you long to accomplish the results you are looking for. I would pick the lowest old debts to chip away at first. Just make this a process to follow, rather than feeling overwhelmed, and this will soon be behind you.

See also  Pam Asks "Does a Deferred Student Loan Lower Your Credit Score"

Don’t forget to have good open credit being reported about you and pay particular attention to keeping your balances bellow 33% of your total credit available on those accounts.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Do you have a question you'd like to ask me for free? Go ahead and click here.

Damon Day - Pro Debt Coach

Follow Me
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
Steve Rhode
Follow Me

Leave a Comment