credit cards?

credit cards?
i started out with about 6 credit cards. all department store credit cards, and one regular visa credit card. i have paid them all off except for 2 credit cards, and im still paying on my student loan. in the duration of these 6 credit cards, they all went to collection agencies, and i slowly paid them off, in which, im down to 2 now. Is there a way to combine my 2 credit cards so they will get paid off, and by combining them, i can just pay that as a together amount since these minimum payments to them are killing my paycheck. i know theres balance transfers and debt consolidation. i wouldnt mind balance transfers to a different credit card, i just will not do the debt consolidation route. is there anything i can do to combine these 2 cards? even though i paid most of them off, is this hurting my credit since they were in collections then brought to current then paid off?


Answers:

tonalc1:  You can look for a very low interest card and transfer those balances to it.

Your credit has been hurt by the collections, but not as much as if you hadn't paid them off.
2006-08-08 11:59:05
Chosen Answer
rebasdream:  Well, a friend of mine, called the credit card companies and ask them what was the least they would take..to pay them off..sometimes they will let you pay a lot smaller amount..
2006-08-08 12:01:08
bella_4624_19:  A paid charge off and a non paid charge off, affects your credit the exact same way. So if you have bad credit due to this, paying them off and not having the trade lines deleted, will not repair your credit. Since you have been making payments you have started to clock over on the statue of limitations. So you really need to make the minimum payments on both cards. The only way to combine the cards is to bt to another card or if the cards are from the same lender.
2006-08-08 12:09:39
Diana:  Even though you paid off the other 4 credit cards that were in collection, they still affect you credit at a higher severity as it would if you did not pay them off. I was in the same exact situation about 1 year ago. The only way to get rid of these is to dispute the information and have it taken off your credit report. I used a company called Lexington Law Firm (Rated the best by Better Business Bureau and legitimate) and they deleted all the negative information from my report. My score has gone up 250 points.

The two that are left, if they have the same lender, you can transfer the balance to one, by calling them and explaining your situation. (a friend of mine did that). However, you will have to pay them off. If you do, only close the most currently opened accounts. Keep your oldest (the card you've had the longest) open, that also helps your credit score.

However, if the two left are in collection, unfortunately you would not be able to do anything about it, except pay them.

For your school loan, if these are government loans, you should consolidate with the government and get a lower interest rate, then pay the minimum on those.

I hope this helps you . Good luck
2006-08-08 14:04:08
SexyTrojan:  Washington Mutual offers 0% interest on balance transfers for a year, with a 3% one time fee.

I did this with 2 high interest cards, and I am VERY happy with it.

If you go that route, don't make any purchases on the Washington Mutual (or whatever) card, since the balance transfer will get paid first and the interest will accrue on the purchases.
2006-08-08 18:41:13
marco:  well, I don't promise anything but
here's two links that often get me best answers:
http://credit-cards.ebookorama.com />and here http://finance.ebookorama.com
you may also pass them around and help anyone get rid of their debts, people always seem to find help via these links so spread the karma and get points.
good luck!
2006-08-10 15:54:08