How can I rebuild my credit with credit card debt?

Lawanna Livsey: trying to build credit when you have things in collections does not work.you need to take care of those companies before they sue the heck out of you.

Rheba Cockman: Yes, you can rebuild your credit even when you have credit card accounts in collections.Nothing you do is going to make the derogatory marks from the collection accounts disappear. (Also, separate from the credit impact, you need to figure out what to do to pay or settle these debts. Your credit will take another hit if you are sued and a creditor obtains a judgment against you).However, it is wise to make sure that you take other steps to improve your credit. Start right away to establish good credit habits moving forward. First and foremost, pay all your other accounts on time. Secondarily, keep your credit utilization low. Those are the two biggest factors in determining your credit score....Show more

Caryl Mclaen: Delayed remittance of the credit card dues is an adverse feature! in your credit rating. How can you expect to rebuild the credit with the overdue in credit card ? Credit card liability is a costly affair. Clear the same at the earliest.

Olin Hallin: Rebuilding credit with existing credit card debt is counterproductive. Pay off all your existing debts and start with a clean slate, then see if you can apply for a secured credit card to give you something to reestablish a good payment history. Don't take on additional debt until you get rid of what you owe.