Free Credit Advice

Helen asked:

What is the best way to increase a score 15 pts.? All accounts are current but have high balances.

Teal asked:

I discovered recently that someone had accumulated debts in my name via mail order. I tried getting help with the situation and got none as i had no proof it was not me. I have since paid the debts and cleared them. However i now cannot get any form of credit eg. contract phone or credit cards. How do i battle this as i am trying to get a mortgage etc and cant get a thing.The stress caused by this is unbelievable

Rou asked:

I have only 2 cards open. One a retail card that been open for over a year, the second was recently opened in January which is a very low limit credit card with an annual fee. My score is 660 so I think I can get a better card with a higher limit and without an annual fee, but I don’t know if I should close my current card then apply for a better card, or apply while my low limit card is still open. I know creditors do not like to see low limits, that’s why I’m considering closing this one before I apply for future cards. Any advice would be great.

Dustin asked:

How do I fix medical debt that I can not pay? I have 120,000 in medical bills from 2006. No one is attempting to collect from me, but it is effecting my credit score.

Wayne asked:

i’ve decided to clean my credit.  I have an old car loan that’s gone from the original creditor, to collections, to another collector.  I thought about sending a pay for removal letter to the current collector to have all records of them removed from all 3 credit reports, then disputing the other collector and original creditor to try and have all records of this loan erased.
Or, if i pay off the original creditor, will all collections disapear from my credit history, since there is nothing to collect anymore?  Could someone please advise as to which routhe is best?

Gary Frost asked:

I had a late payment on my credit card and the interest rate went from 8% to 28%.  They will not reinstate the lower rate but told me that they can establish a 12 month plan that allows me to pay $230 at 10% for a year and pay additional toward my principal during that year. I will be closing my account during this time.  HOW WILL THIS EFFECT MY CREDIT SCORE?

Ron Levitte asked:

I have been making installments to  a collection agency on a credit card debt. I’m at the point now where I can afford to close it out by paying 50% of the remaining balance.

Since the account has been turned over to a collection company plenty of damage has been done. My question is; will it make a negative difference on my credit if I settle on the account for less than the balance? Or, will it help my credit if I pay the complete balance?