Credit score of 542

Forum|Forum|6 years ago
September 7, 2019
1 reply
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Hey guys I’m finally in a financial situation where I can pay my bills on time, and rise my score. Currently I have 1 outstanding debit of 309 and I am defaulted on my student loans but I am on a payment plan to get those back on track. Is there anything I can do to help myself get back on track?! Thank you

Anonymous

we are not credit counselors. but major factors taken into account are a long credit history of timely payments. lack of defaults, those can stay on your credit history for 5 to 7 years. try some free websites to see if there's anything they recommend. Credit counselors?

Anonymous_

I am not an expert in this area, nor a credit counselor, but I do know there is only so much that can be done while the rest is just a matter of patience.

In this instance, with a payment plan in place for the student loan and only one other (relatively small) outstanding debt, the best course of action appears to be remaining on the current path.