I’m Paying Off Old Collection Account But I Want Better Credit So I Can Buy a House. – Angie

“Dear Steve, Have several old collection accounts (most are over 2 years old). Also had late vehicle payments. Have since paid off the vehicle and bought another, which I am current on. Have paid off 3 other old collections, but still have about $3000 worth of debt. My score was around 590 a few months … Read more

How Do I Make the Collector Go After My Ex-Husband For His Debts Instead of Me? – Sarah

“Dear Steve, I have made mistakes in the past with bills. I really didn’t care about my credit. I am now 32 and have a credit score of 545 and have woke up to my stupid past. I have 14 derogatory things on my credit report. Most of them are not even over 300. I … Read more

Do I Pay Off Old Debts First or New Debts First? – Jeanette

“Dear Steve, I am trying to get my financial house in order, I must work on cleaning my credit. Shall I pay off old debts or new debts first? Jeanette” Dear Jeanette, It does not matter what debts you pay off first, unless the old debts are in default, if they are, pay those off … Read more

Can the Creditor Start the Clock on My Debt All Over Again? – Deb

“Dear Steve, About 7 years ago I went through a nasty divorce. I ended up signing paperwork to just leave with my children and not pursue any compensation from marriage(of 11 years). A few months later, the nightmare began. I didnt realize I also was responsible for debt that had my name on it. I … Read more

Should I Bother to Payoff Old Debt to Improve My Credit Score? – Kristen

“Dear Steve, I have recently started to pay down some of my old debts, but have become somewhat skeptical of how effective this tactic is in regards to improving my credit score. I have heard a wide variety of things from different people. My question is, if the accounts are already in collections and they … Read more