for a minute I myself and some of my friends dug our own holes and I with a major sigh of rerlief have dug myself out of it. My best advice is just to pay the things off as soon as you can. I had a friend whom I had to talk out of filing because she thought she was going to go to jail. She was only in the hole $1000 and the credit card company was scaring the hell out of her. I proceeded to call as a moderator and they ended up taking $650 to clear out their books. after that I made her write a letter to all three reporting agencies (equifax, Transunion, and Experian) with a dispute letter and now her credit is clean, like it never happened. See after the debt is paid alot of agencies could care less and more than likely will not fight the dispute letter(sometimes it's good to let the reporting agency know that you are doing this)because as long as you're off their books you're ok with them. See most people don't know how the credit system works..I actually had a friend whom thought a R9 or I9 was great because it was a high number...I had to school the poor child. To all of the undergrads out there keep yo sh%t an R1 and nothing else and if you pay something off stay on the reporting agency asses about changing the status to R1 and closed-paid off, because if you try and obtain credit somewhere else they see open that brings down your chances because that is "possible credit". I myself just had to pay my stuff off because I work at a Bank and they kind of frown on that kind of stuff. also to end this make sure your student loans are taken care of because they hinder employment at alot of financial institutions and even government positions. So to those whom must file do it....but if you can reasonably get payments setup do that because bankruptcy still will be lingering over your head for 10 years after the fact. Lastly keep your eye on the Beacon people that is your true guide to see if your credit is actually getting fixed!
