Article Summary:
araorun1127 asked: i have a very low credit score of 533. however, i have no credits cards outstanding. i had one credit card bill, but i paid it off about two years ago. everything that is on my credit now is generally small stuff–excepting my student loans–under
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i have a very low credit score of 533. however, i have no credits cards outstanding. i had one credit card bill, but i paid it off about two years ago. everything that is on my credit now is generally small stuff–excepting my student loan –under a couple hundred dollars. i have mostly medical bills — LOTS of stuff that got sent to collections for being unpaid. uninsured hospital visits, ambulance rides, laboratory tests, etc. i didn’t have insurance for over 2 years. is using a debt consolidation company really a viable way to go? i have heard that simply using one reflects badly on your credit, but i really don’t think my credit could get a whole lot worse. i have at probably one or two dozen negative things on my credit report, but not a single one is a credit card! you’d think that would make it easier to work with–at least i’m not being charged interest or late fees on any of these debts. but add it all up and it’s a lot! any advice??