I have got about about $3300 in collection.
$1400 is from getting evicted about
$400 is from a time I over drafted a checking account
and the rest is medical bills.
Now I also have a auto loan for about $5000 with my Dad as co-signer.
I have made every payment on time for a year. I then refinanced it back to $5000 at the beginning of this year on my name as I wanted to establish credit history on my own.
However the payment history from when my dad was on the loan is no longer there.
It seems like this has hurt my score but I don't know why.
Now my question is what should I do to get my credit back on track?
Should I Pay all my debt as a lump sum and clear it all out?
I should be able to do so at the beginning of next year.
OR should I set up payments and pay them down over time?
Which way would help maximum rebound of my credit back?