Unpaid bills can damage your credit rating and make it impossible to obtain credit when you need it, for example, for a new home or car purchase.
If you find yourself in debt and unable to pay your bills on time or at all, there are two basic steps to take:
- Set up a payment plan. Establish a budget or payment plan and stick to it to retire all debts. Creditors will work with you if you show sincerity and determination. Developing a budget and disciplining your spending is the key to creating and maintaining healthy credit.
RSS
Unpaid bills can damage your credit rating and make it impossible to obtain credit when you need it, for example, for a new home or car purchase.
If you find yourself in debt and unable to pay your bills on time or at all, there are two basic steps to take:
- Set up a payment plan. Establish a budget or payment plan and stick to it to retire all debts. Creditors will work with you if you show sincerity and determination. Developing a budget and disciplining your spending is the key to creating and maintaining healthy credit.
- Seek the advice of a credit counselor.