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How can I fix my terrible credit and raise my very poor credit score?

I am currently a sophomore in college and I guess you can say I messed up my credit score when I finished High School and started opening up loans and Credit Cards I couldnt pay for. Now, I have a horrible credit score and I probably can’t even get approved for a glass of water without a co-signer. I have several accounts in collections and alot of them are closed. Is this the end of the road for me? I dont know what to do and how to boost my score. I can’t get approved for an unsecured card, only for a secured card, but I havent opened one yet. What is the best way for me to re-establish my credit and boost my rating?

What you gotta do is start paying that stuff back. Talk to your creditors and work out some settlements and actually pay them. If you start showing that your making payments, your will look like less of a credit risk. You can them get a credit card, probably with the highest interest in the nation, and you can use it for your bills and purchases but always pay it off at the end of the month. You have to prove that you are worth the risk or the companies won’t do it. As an aside, you can probably get a card even now because if you’re like me you get a hundred mail offers a day. Just be careful. You credit score can mess up your chances for employment once you graduate so get it straightened out while you’re still in college.

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