Hello Guys, Have been a reader for awhile now just never posted, I'm lost on what I should do I had a credit score of 680 now its a 450. Have pretty much gave up like 4 months gao few accounts havnt been paid few kept current. Have two colections accounts $20,000 in debt not sure if I should give up use credit couseling or file bankruptcy. I worked hard since was 18 now 23 to obtain good credit but when my mom kicked me out few months ago i was basically homeless and paying bills kind became last thing on mind. I had bad gambling problem last year noone to blame but myself. Just I want try fix credit but creditors don't seem willing a lot accounts got closed. Before credit got so bad I tried obating clean sweep loan through MBNA to pay off all debt and only 1 payment, higher interest but paing $300 month on 20,000 loan seemed better then paying out $800 month to all different creditors. I was denied because ratio on cards were high duh was reason was trying get loan and then after that felt like just giving up. Now about start new career making more money want try fix credit any suggestions? How long will these lates affect me if i choose pay them current now.?
