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Newbie Needing Direction...help!!!


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Hello to ALL :)++

I've been lurking around this site a few weeks (it's very interesting) and have decided to join the forum.

I use to have okay credit, but since me and my Fiancee have went our seperate ways...My credit is practically POOR:cry: :cry: and I don't know which way to turn!

Here's my problem:

Student Loan - owe 2,300.00 - judgement in progress

Home Owners Association - behind 2,000.00 - threatening me with judgement

4 CC - limit totals 4,000 - balance 3,700 in ALL:cry:

3 Medical bills - totaling 500.00 - owe 500.00

Dell Financial - owe 700.00 (charge off)

Mortgage - up to date xdancex

AutoLoan - up to date xdancex

I'm kind of in a hurry, but will you please give me some type of advice???

If you need more info, please let me know bc I'm running late, but I will be back shortly:)++

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Welcome! But you'll have better luck getting a meaningful answer if you ask a meaningful question. Let's start with the basics: What are you trying to accomplish?

I want to clean my credit up. I don't have the funds to just pay off my CC's, yet i'm willing to start somewhere...

I don't know which direction to go:roll:... Do I try and tackle the judgements first? If so, how?

Is a judgement the same as a garnishment?

Any advice/suggestion would be greatly appreciated.

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Okay. Let's take this slow. What do you mean a judgment is in progress? Have you been served with actual court papers like a summons? If not, it could be that the CA is trying to scare you. What kind of student loan is it? You may be able to rehab the loan.

As far as a garnishment, the creditor would have to get a court judgment FIRST in order to do a garnishment. So, until you've been to court and lost, you are okay.

You may also want to check out the primer: http://debt-consolidation-credit-repair-service.com/forums/showthread.php?t=276514

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I agree with Swirlgirl above, take it slow. You are going to get calls on the telephone from agents trained in collections. All they can do is scare you.

You need to reduce, prioritize and budget your payments. Being separated, you now have a gap in income, so you going to have to think about how to increase whats coming in vs decreasing what's going out.

Possibly consolidating your car insurance with your homeowners insurance. Insurance companies have blanket policies that will save you money. Though you mentioned your paying HOA fees. Are you in a Coop/town home?

Looking at your details, payments to your HOA should be a priority. This is connected to your home.

As for your judgments - it would cost them more money to collect because the amounts are small. These will be reported on your credit report, eventually when you can afford it, you will need to pay these off.

As for your 4 credit cards and Dell charge offs - your balances will continue to grow. When the time comes, you want to contact them and ask them to settle for less.

I also agree your OK not having a garnishment against your income. My income was garnished for child support (my daughter now 25), this was a court order.

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