sign in | join
Sorry to hear about that. It takes a long time but paying on time and more than the minimum payment each month will help. A lot of planning... he shouldn't pay back too much and risk to meet minimum payments in any of the cards. Usually after checking the APR in each card he should try to pay off the ones with higher APRs first. Usually when the debt / credit ratio gets bellow 30% meaning that if he has $10,000 worth of credit... he owes $3,000 the improvement in his FICO scores would be much higher... so to summarize:
1.- Find out as ncshoppe says how the debt and application for the credit was made.2.- Find out APRs and negociate them if possible3.- Stick to a repayment plan... and make more than minimum payments on the higher APR cards and credit first...4.- Patience... cause it will take time.
Good luck
Divorce360.com is not a substitute for advice from a lawyer, accountant, financial planner, therapist or other professional to obtain advice. Divorce360.com is not intended to, and should not, take the place of professional advice. The opinions expressed in the divorce360.com message boards are those of the author and the author alone. Divorce360.com does not endorse any specific product or service.