Credit Repair Questions & Answers

momvader73 asked:


Debt is credit card. Last activity on the account was in late 1999, early 2000.
Collection agency has it now. I need to know how the following things will happen:
1099C tax form?
How it will affect my student loans and Pell Grants?

Any abusive answers WILL be reported.

I need explicit answers and possible links to the information.
OK, but what about the 1099C?

haley a asked:


I recently purchased 9 books about how to raise your credit score and have recently paid off some student loans and credit cards…I have one student loan remaining and one small credit card balance…The ones I paid off were outstanding as far as being overdue…I want to know about how much my credit score adjusts with the payment of these debts after about 3 months once my credit reports reflect this…

Chrissy B asked:


I need to get an apartment ASAP but last I checked my credit score was 615. I recently consolidated my student loans (I’m still in college) and was told that would help it. What does my credit score need to be in order for me to get an apartment?

Cynthia C asked:


I’m working toward a PhD in Political Science. My concentration is International Relations, and I’d prefer to teach at a large research university. I know about how much faculty members in my field earn, but, frankly…I’m a little worried about being able to pay off my student loans.

If you’ve earned your PhD, or if you have information about this topic, what do you think is a reasonable amount of debt to have after you get your PhD? Can you reasonably pay it off on a professor’s salary?

I know that it would depend on the amount of debt and how much the position pays, but if you can share your experiences, I’d be appreciative. Thanks.
I’m funded, by the way, but the stipend at my tiny public school is ridiculous. Because I’m funded, I’m full-time and will get out in 5 years (well, 4 years left), and I can’t work outside the department for more than 10 hours a week (it’s an unofficial rule, but they do frown upon it). I worked full-time as an undergrad, but I’m really not sure I could handle working at all outside of my classes and TA/GA responsibilities.