American Consumer Credit Counseling (ACCC) offers consumer credit solutions ranging from debt counseling and debt consolidation relief, to pre-bankruptcy counseling and post-bankruptcy debtor education. If you are seeking debt consolidation options, ACCC offers a simple and effective consolidation program that's more prudent and beneficial than a debt settlement solution or taking out loans for debt consolidation. For personalized credit counseling advice and to learn about the best way to consolidate debt, contact an ACCC credit advisor today.
Great advice! There is only one issue and I am honestly hoping this is just an unclear explation because I would be quite surprised that you got this wrong considering your line of work... Once a debt is charged off, it stays charged off. It can not be "re-activated", "re-aged" or "re-" anything. The law states that the Statute of Limitations (SOL) is fixed at the point which the debt is charged off and it stays the same no matter what. This won't change your credit score unless you can have that line of information removed from your credit report. A charged off debt stays a charged off debt whether you are paying on it or not.

All U.S. consumers are entitled to see their credit reports. Typically, copies are requested from the “big three” credit reporting agencies (Equifax, TransUnion and Experian). After obtaining a copy, it’s best to review the report. If you need to raise your credit score in 30 days, note any and all errors in the report. If errors are discovered, work to get them corrected as quickly as possible. A creditor may have erroneously reported late payments, or there may be outdated information on the report, like a defaulted loan that has since been paid in full.*

This place is amazing. Been under their care for many many years now and they actually do deliver what nobody else can ever do to fix your mess with credit. Thanks to Yossi Av Tal and his team I have been able to clear many negative items and establish good credit. If you or anyone you may know that has any credit issues I highly recommend that you give them a call asap and let them help you today. There's no need to struggle.


That is for you to decide. You do have to weigh the certainty that your credit score would take a hit (and some time to rebuild) against the advantage of a program that will allow you to make progress and pay off your debts. A bank loan is another option. You could check on the interest rate . . . but you should do this knowing you will not run up credit card balances again. Otherwise, you end up in an even worse situation than you are in now.

For secured debts, the value of the underlying collateral must be paid to those lenders, which can also increase your overall debt burden under the plan. And because the debts take several years to be discharged, the debtor is expected to maintain payments during that time. If they cannot, then they may find their filing dismissed and collections and foreclosure procedures restarting.
I have about $10-11,000 in credit card debt. I am thinking about consolidating, however, after doing some research I’m not sure I want to go that route. I have a good creadit score and I do not want to hurt my credit score by having to close accounts, etc. However, I feel like I can’t make any progress with my credit cards due to interest, and I’m trying to avoid opening anymore credit cards that would have low or no interest. I’ve thought about taking out a bank loan to pay my credit cards off. Does this seem like it would be the best option for me? Do you suggest any other options?

You need to work to get credit card utilization down below 30% (below 10% would be even better). But high utilization alone should not have brought your score down quite so low. Here’s how to get your free credit score along with a personalized plan for improving it. Because the scores come from information in your credit reports, you should also check those for errors and dispute any information that is inaccurate. Here’s how to get your free annual credit reports.


This deal is easy to find – Chase is one of the biggest banks and makes this credit card deal well known. Save with a 0% Intro APR on Balance Transfers for 15 months and Intro $0 on transfers made within 60 days of account opening. After that: Either $5 or 5%, whichever is greater. You also get a 0% Intro APR on Purchases for 15 months on purchases and balance transfers, and $0 annual fee. After the intro period, the APR is currently 16.74% - 25.49% Variable. Plus, see monthly updates to your free FICO® Score and the reasons behind your score for free.’
Bad credit is not a life sentence, which is good news for the roughly one-third of people with credit scores below 620. So if your credit is damaged, there are indeed steps that you can take to rebuild. After all, rebuilding credit is a process that takes time and requires focus on the fundamentals. And we’ll explain exactly what you need to do below.
With credit counseling out of the way and a clear decision made to file Chapter 13, the next step is to review the district courts in your state to determine which court should receive your paperwork. After determining the right court, you’ll want to go to their website and download the local forms that the local court requires for your filing, most notably the Chapter 13 Plan, Form 113, which may require the federal form or a local form.
We’ll explain each of the four pillars of credit repair in detail below. Just remember, each step on its own will not be enough to completely fix your credit. Credit repair, after all, is like peeling an onion: You have to peel away a few layers before you get to the good stuff. But we’ll try our best to make sure your credit recovery doesn’t bring you to tears.
Omo says that reducing what you spend at restaurants could have a dramatic effect on your finances. "I had a client, a single person, who spent almost $900 a month on food, and the majority of that was eating out. [By] working with this person, I was able to get them to reduce that number by almost 50 percent and put that difference in paying off debt." Plus, in recent years, restaurant prices have been consistently climbing from month to month, according to the Consumer Price Index.

Your credit score won’t be affected by placing your loans into deferment, forbearance or using a hardship option, as long as you make at least the required monthly payment on time. But interest may still accrue on your loans if you’re not making payments, and the accumulated interest could be added to your loan principal once you resume your full monthly payments.


That is for you to decide. You do have to weigh the certainty that your credit score would take a hit (and some time to rebuild) against the advantage of a program that will allow you to make progress and pay off your debts. A bank loan is another option. You could check on the interest rate . . . but you should do this knowing you will not run up credit card balances again. Otherwise, you end up in an even worse situation than you are in now.


There is still one way to legitimately get your credit fixed fast, usually within 7 days and many times within 3 days. This fast method of credit repair is called “Rapid Rescore” and is ONLY available to mortgage companies. The rapid rescore program was created for the mortgage industry to use when clients had legitimate easily solvable disputes. Examples of some of the easy disputes typically had to do with the timing of updates. For example if a client had recently paid down a balance, received a higher credit limit or resolved a dispute in advance and is in possession of such proof. They can use this proof, submit it to the broker or loan officer who in turn submits it to their “local” credit bureau. The update is manually verified with the creditor, updated, then rescored. The hope and desire is that the client will have a higher credit score due to the changes and qualify for a better rate.
Make no mistake: if you want help with your debt, you should get it. Don't let social stigma or ego get in the way—there are plenty of ways to get on the right track that go further than blog posts and stop short of putting you back in debt to someone else. Debt repayment and credit counseling programs can negotiate lower interest rates on your behalf, or help you do it yourself. They can help you with your budget, and help you plan a route out of debt that turns your credit into a tool you control, as opposed to a monster than controls you. If you need the help, get it—and definitely do that before you take out a loan. Photo by Media Bakery13 (Shutterstock).
Capital One is an odd example of this.  I have read many reviews that state that after 18 months with stellar payment history and carrying no balance that users were told they qualified for an unsecured card but would first have to close the secured card (In order to get the deposit refunded) - or you can keep the secured card and open the new unsecured card as well.  A few people indicated they were able to graduate without changing the card and it was converted for them - but 95% of reviews speak to how difficult it is to get deposits back - even from them.
The best way to consolidate debt is to consolidate in a way that avoids taking on additional debt. If you're facing a rising mound of unsecured debt, the best strategy is to consolidate it through a credit counseling agency. When you use this method to consolidate bills, you're not borrowing more money. Instead, your unsecured debt payments are consolidated into one monthly payment to the agency, which in turn pays your creditors each month. Your credit counselor works with your creditors to try to reduce your interest rates and eliminate extra fees, like late charges or over-limit charges.

•    I then added her to 3 of my credit cards as an authorized user. I choose the oldest with high credit limits.(I did not give her the cards to use-only added her as an authorized user for my own protection) BEFORE being added as an authorized user be SURE you know the credit history and habits of the owner of the account. If there is a late payment on their account this will be reflected on YOUR credit history!
Anyone can join La Capitol Federal Credit Union by becoming a member of the Louisiana Association for Personal Financial Achievement, which costs $20. Just indicate that’s how you want to be eligible when you apply for the card – no need to join before you apply. And La Capitol accepts members from all across the country, so you don’t have to live in Louisiana to take advantage of this deal on the Rewards Visa Card from La Capitol FCU. The introductory 0% for 12 months on balance transfers applies to balances transferred within first 90 days of account opening. After the intro period, a 12.25%-18.00% variable APR applies.
Harzog was a successful freelance journalist for over 20 years, writing for major national magazines and custom publications. She became so entrenched in the credit industry, that in 2008, she was approached by CardRatings.com to be a credit card spokesperson for their site. In 2010, Harzog then went on to become the credit card expert for Credit.com.
Next, estimate your monthly spending habits for other expenses such as gas, groceries and entertainment. Create a limit, based on your income, of what you can spend in each of the different categories of expenses. For example, if you tend to spend $400 a month on groceries, try to stick to $300 a month on groceries by making changes like buying generic brands, using coupons, and resisting impulse purchases.
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