Repair Credit Report Help

Iam tryint to repair my credit report, what are the most imporatnt debts to pay ?

I got a copy of my credit report andI dont know what the most important things to pay are.I have never had any credit cards so I dont owe any credit card companies.i HAVE TWO MEDICAL COLLECTIONS ACCOUNTS, ONE TO VERIZON WIRELESS, COLLECTIONS FOR A LIBRARY DEBT ,AND ONE I OWE FOR AN APARTMENT THAT I BROKE THE LEASE ON IN 2000..I dont really have 1500.00 to put towards this one..but Id still like to know what is the most helpful to pay off anyway, and is credit really that important, I have a really know it all friend who says not to pay these that they dont really matter

Public Comments

1. Well I don't know the answer. I do know that if you want credit in the future you should pay them off. I believe it is 7 years before the credit report will remove these debts. That is 7 years from the time these debts quit reporting.
2. First and foremost. Yes credit matters! Not everything has to drop off at 7 years. It depends on the type of collection! Second...pay off any unsecured debt first. Which in your case is all of them. Third~ the jury is out on whether or not it is better to make small payments on all of them or larger payments on a few of them. Fourth~underwriters always notice when you are paying on a loan, your begining balance and your to-date balance should reflect your dilligence in making payments, even if they are small ones. Fifth~credit....many things depend on credit your insurance rates your interest rates on installment loans your ability to get certain jobs your ability to apply for grants/financial aid
3. Medical collections aren't looked at nearly as poorly as a collection to a utility or phone company (verizon wireless) Though it is true that you have 7 years before they get off your credit some things can be taken care of immediately. You can have the collections for a lease termination taken off your record. The leasing company didn't know the terms of your lease breaking. I had one that I had to break to get out of a bad relationship with someone who was abusive. But when I requested it be taken off my credit by the credit bureau they had no problem removing it. Its only one more year and that will be gone. I say to re-establish credit. Make all your payments on time. Pay back the library debt, student loans, credit cards, and utilities. However, everything will look better that way eventually anyway. Don't stress and don't worry about know it all friends. We all like to think we know a little something about everything. But deep down we all know we can't possibly know everything.