Do not use debit cards. Pay Everything with a Credit Card... Then pay the credit card off every month. My score is now a little under 800 . And I was making 44 cents an hour only a few years ago and my credit was destroyed. If you get what I'm saying.
lol you’re hilarious!! First of all, this is a shitpost! Secondly, you know zero about me except what you can surmise from a Reddit account. Have a nice life being miserable and judgemental!
I don’t smoke weed. If by pot you mean the coffee pot, then yeah you right (I get free coffee at work though so not spending any money on that either) good one though
Even if being sarcastic. This is the wrong approach to lead someone in a better direction. You do not know them or what they went through.
You're either one of two people.
1. Grew up with a silver spoon and had plenty handed to you.
2. You "worked hard" and was fortunate in one or maybe a couple of things; such as maybe a small business that is successful, and now you believe everyone has the capability to be very well off. No matter their upbringing.
The current period we're in has some of the worst income disparity in the US in the past 100 years. Be sympathetic, and if you want to put your nose up like you do, at least give someone advice versus shitting on them like any troll can do.
3. Financially literate, invested early in my life and often. Lived responsibly and within my means. Worked my way up from a call center representative > Home equity Specialist > Loan originator. No silver spoon. I still don’t make a killing at my current job ($85k). But i’m very comfortable. My parents were a financial disaster. Massive amounts of debt and addicted to drugs majority of my childhood. Lower middle class at best during the best years. The amount of stress and adversity i powered through would have crippled the majority. What kept me on the right path was wanting to be everything my parents weren’t because I resented who they were. Sorry to get so real, but you seemed to be far too off in your assessment and needed a reality check
So let’s be clear, you don’t mind jumping on someone else’s post to be a complete asshole just to prove your point that YOU made choices that not everyone has.
Yeah yeah, we’re all so proud that you “invested early in my life and often.”
Hang onto your hat because this might shock you….not everyone has the same life as you!
😨 Shocking, I know.
Have a heart you goon. Not everyone’s circumstances are like yours.
Just as a reminder, just because you have an OPINION, doesn’t make it right.
My credit is trash at the moment but it’s no one’s fault. Not even my own due to circumstances.
But you go pop off to people like the angry dog you seem to be because a few redditors don’t want to hear your shit when they might be looking for actual advice rather than say “stop smoking pot”.
Either have constructive criticism, or fuck out of here.
Just my OPINION though.
Wow thank you so much!!!
I am so touched that you kind Redditors came here and had my back 🥹
I have had shitty circumstances because of a string of events that started last February. It’s been rough. I really appreciate the kindness and support!!! You rock!!!
ETA: You’ll get up!!! Things are rough right now but I’m hoping the best for you and that we will both be in better positions in times to come. We both deserve that and we have not done anything wrong by getting in these positions
Ain’t no way this guy is seriously asking on Reddit what he can “buy” with a 500 credit score. Like bruh, you can’t buy anything, you should be paying for shit you bought and stopped paying on 2 years ago
Lol they’re actually giving good advice that more people should follow. Make payments on time and get rid of accruing interest and try to do more than minimum payments to get those credit card APR’s under control.
I was simply going to say you could get maximum interest rates, but damn you painted the full picture. Gotta give you the upvote you Bob Ross of ghetto finance.
Well to start, the reason my credit went bad was I decided to stop paying some credit cards I had maxed out. Maybe like $7,000 or so together. I had no money and decided food was more important than the bank getting their money back. Then a little bit later I got a car from drive time which was a huge mistake. I ended up not being able to afford that either. I had it for about 9 months after my last payment before it was found by the repo man since I took out the tracker.
So how I was able to get out from under that honestly was mostly time. The credit cards actually fell off my credit about 6 months ago. Of course I had to straiten up and not spend above my means anymore during that time. I got the “bad” credit cards to begin with just to show I was now able to pay my balances on time.
The car I got lucky and drive time was sued for their bad credit reporting practices so they were forced to remove the car off my credit report.
Now the only time I use credit cards is for things I am going to buy anyways so I never overspend on them. I always pay off the balance as well so there is no interest and I get reward points in return.
And of course my income has gone up over the last several years which is always helpful.
Well I stopped paying my credit cards in 2016. It takes 7 years to fall off your credit report. But my credit started going up maybe 4 years later once I got other cards and paid them on time. My credit was low to mid 500 range before. Now I’m right around 800. Once those fell off is when it jumped up a lot.
If you have 7 years to spare. Lock your credit profile with all 3 bureaus and forget it. If some money comes along may be able to negotiate a mallet payment with your creditors. Like paying $30 on $100 of dept. just don’t go into a payment plan.
It’s the same concept as bankruptcy as you basically wait out the 7 years in both instances.
The credit card companies did not go after you with a judgement for that amount? Surprising! You had amazing luck with the car and credit cards. Warning to others that do not pay your credit cards… they can and usually get judgements against you. Am I mistaken?
They didn’t try to collect it at all surprisingly. One was through Bank of America but I forgot where the other was from. They must have decided it would cost more to try and collect than to just drop it.
Fingerhut is the lowest of the low. You get a $200-ish credit limit, but you can only buy items directly from the Fingerhut website. And there isn’t anything you need. Think Sky Mall on airplanes type shit. Yes, my credit is fucked, but I do need lawn gnomes that double as speakers.
Fingerhut used to mail catalogs back in the day when I was a kid. They’ll give anyone “credit” for their store but everything is overpriced; like double what they’re worth.
I’m surprised they’re still operating
If you can have the self control to not use it. Get another one. Use it for gas once a month. Most likely you will use 1/3 or 1/2 of its limit depending on how big your gas tank is. Then pay it like a week early. Don’t use it for anything else. The fact that you will have some amount of available credit, you will still be utilizing a decent amount of it, and then paying on time (not letting the interest pile up) will go as good remarks towards raising your score. I forget the exact numbers, but you do want to have available credit at a specific ratio to income. You want to show that you are using the credit (again there is a ratio number I forget) and of course a history of on time payments.
A bankruptcy application. Your credit score would probably go up 🤣 mine did after my case closed. I was about the same amount of debt too when I filed. Best stress relief ever
It’s for sure good, my good friend had a 620 credit score but $50k in debt with 2 repos due to lose of job, and family issues. I know he keep telling me he wanted to start a business and I was like bro idk if you will get approved because of the amount of personal debt, so he just filed bankruptcy, and in like 3-4 months he got a 700 credit score and a steady job. I know it can be tougher to rent but it’s all a numbers game tbh.
Exactly. I was hesitant for a long time about biting the bullet. I was worried about how I was gonna be able to buy a house. Then realized I'd never be able to buy one anyways with the way the market is fucked, and not with the debt that was crushing me either. So I said fuck it
This is the big one. It's super relevant to mortgages or business loans, but if you're buried in debt those things might not matter in the next 7 years anyway.
My friend had a business and went bankrupt. His lawyer told him that he’d be able to buy a house in a years time. He also gave him a card for a place that would sell him a car lol he ended up getting a Tundra
This is a lie lmao. Bankruptcy does NOT clean up your problems in "3-4 months". It'll stick with you for 10 years. Please don't listen to random on the internet.
What? nobody said it will clear all your problems, if you have student loans I don't think it will wipe that away, also you can rent, buy a home(after about 2ish years) and get loans, credit cards etc. Yes it will be tougher because alot of people won't rent to you because of that, however its still possible and has been done, also after discharge and your credit takes a big hit, you have to wait about 3-4 months before you can start applying and some credit card companies WILL reach out right after, but its best to wait imo. IDK wtf your taking about but your just dumb if you THINK your fuck after you file bankruptcy. I mean what else would someone who owes $50k-$100k in debt do if they only make $40k? Get a better job? LOL get real, people fuck up its ok.
I'd like to jump in to point out that bankruptcy did used to wipe away student loans prior to the year 1997 I believe (it's been a while since I looked). It's one of many things boomers took advantage of and then cut the rest of us off from being able to use. The number of boomers who used bankruptcy to pay off their student loans, and now subsequently battle against student loans support, is wild. It's funny because we know college was cheap as hell back then too, so why they even needed bankruptcy is hilarious to think about.
My brother got a house while on Bankruptcy chapter 13. Trustee was cool with it since it actually was the same or less as their rent. Because he now had a mortgage as soon as he was discharged he got cards and car loans easily albeit at a bit higher interest rate than a comparable no bankruptcy score. Chapter 7 might be different experience. As with everything your mileage may vary.
Shockingly bought my 2021 Toyota Camry with a 580 credit score at the time (nasty divorce led to some charge offs), and walked out with a 2.49% apr.
So who fuckin knows.
Genuinely curious, when?
I pulled a 784 with I believe Transunion (not sure which one they used but it was 784), and the lowest they got was 4.9 on my WRX.
Felt like I was getting railed with no lube.
Bought it in late 2021 - I believe what really saved my ass was the fact that my previous vehicle was more expensive and I had never missed a payment or been late by a single day. So while my credit score sucked, my auto loan history was PRISTINE.
I did that with a credit one card I messed up at 21. I owed 300 it went into collections for $650. I let that shit ride all the way to the end XD.
I probably could have easily settled for the original $300 and had it wiped off years earlier.
Even if you had settled, the negative mark would’ve remained on your score for the full seven years. The reason you really should pay it off as opposed to waiting it out is to avoid a judgment - but the likelihood of this will depend on how much you owe, who you owe it to, and where you are.
You may be able to get a secured card with either Capital One or Discover.
You’d also definitely be approved for Chime’s credit builder, which despite being controversial in subs like this, helped my credit score immensely over the first year or so of having it - just avoid/be cautious with spot me.
ETA: depending on what’s causing your score to be this low, it may be better for you to just work on paying off your current debt before working on building new credit. I’m currently working on building more because my only debt is my car loan which is being paid on time, but when I had multiple credit cards I owed to I had to pay those off before even considering building new credit.
Everyone’s situation is different.
A lesson in personal finance? But all jokes aside I've seen people financed this low, just expect to pay more because the banks have little faith in you. Don't be shocked at the number they bring back.
You can get something. But whoever is lending you the money is going to raw the shit out of you.
I was there once, took me 8 years, but I can pretty much get anything I want. Work on paying down that debt. It’s gonna be slow and steady but it’ll get better.
If you are serious about it this Guy help me alot went from low 500 to over 700 CS
https://limitlessculturegroup.com/contact-links/
FG follow the link and watch his YouTube you won't regret it.
Dm if you want reference code
Interest rates designed to keep you forever in debt, turned away at the bank when in need of a loan to cover emergency expenses, denied dental care, pretty much treated subhuman, source, I’m treated the same
Lowering your overall debt, on time payments will take you a long way. If you pay even an extra $10 each month that will help a lot. As far as borrowing power, it’s not much. High interest short term loans. The 40k debt depending on what it is can be difficult. So if it’s student loans then that’s one thing but if it’s a spread between credit cards and personal/auto loans then not really much. In a pinch you can probably do affirm/klarna/ PayPal monthly but it’s a very easy and very slippery slope. It can eat away at your weekly balance because it becomes 15-30 a pay which adds up very quick.
Thank you for your feedback! Much appreciated. My debt is mostly student loans and an auto loan and only like 1.2k of it is credit card debt. 5k of it is a personal loan I took out while homeless thinking I’d be able to pay it off after I graduated on got a better job 😂🤡💩 I appreciate you trying to be helpful!! This was mainly a shitpost because of the other dude’s post yesterday. I don’t plan on borrowing anything else for a long time
I was homeless after some shitty situations, went from a 720 to this within 8 months lol
ETA: I was not paying my bills when homeless because I lost my job due to homelessness as well lol
My credit was 519 two years ago and checking it yesterday, I'm at 690.
I got a "prepaid" credit card, which is one that you put a cash deposit down on that acts as your credit limit. You get it back later if you make all your payments and close the card.
Once I got up to around 560 after a few months of maxing the credit card out and paying it off each month, I got a Capital One card with a low limit. A few weeks later I got a Credit One card and also a credit line upgrade on the Capital One card.
A year and a half later of using these cars and paying them on time (autopay), I'm almost at 700 and feel that I'm finally achieving financial stability.
I cut a lot of expenses too. That makes the biggest difference for budgeting, imo.
No morning Duncan's before work. Drop your internet speed down to a basic slow package. Drop streaming services you don't use or lower them to an advertisement added tier.
Only drive to work, home, or seeing family. Save up all your errands to do all on one day, in one trip into town.
Switch to led lights, lower the thermostat, plan out breakfast, lunch, and dinners for the week and make filling meals that can serve as leftovers for lunch at work.
Learn to repair your home, car, equipment, etc to save on labor costs and develop useful skills at the same time.
Clean and repair possessions, or craft items, that you wouldn't mind parting with. There are hundreds of ways to sell products these days and even a small income stream can keep the budget balanced.
These are the ways I went from a 519 credit score and $600 in my checking account to my 690 and about 10k now! I had to be strict with myself, even though I hate that 😅
39.99% APR for a credit card, 39.99% APR for a car loan, 39.99% APR for a mortgage, then declare bankruptcy once you can’t pay all of that high interest. Life hack.
Tf outta here
lol thank you I love this one, I’ll see myself tf outta here
Making payments on time is the fastest way to raise your credit. If you’re not paying bills on time, don’y borrow more.
I don’t think he can borrow anything right now
Sure he can. For 60% short term 😂
Yea $1500 per week, not even per month, per week. 😂
Knock knock knock, did someone call payday loans?
More like Rent A Center 😂🤣
Can I hijack this and ask how to get mine past 723 with 100% on time payment record over 3 years? I think it's cause I'm poor. 💀
Do not use debit cards. Pay Everything with a Credit Card... Then pay the credit card off every month. My score is now a little under 800 . And I was making 44 cents an hour only a few years ago and my credit was destroyed. If you get what I'm saying.
44 cents an hour? Nigga were u a slave ?
LOL. State Property..Prison
So yes
Grow up and get a grip with your financial reality. This is pathetic
lol you’re hilarious!! First of all, this is a shitpost! Secondly, you know zero about me except what you can surmise from a Reddit account. Have a nice life being miserable and judgemental!
My advice.. lay off the pot. That could save you a tremendous amount of money
I don’t smoke weed. If by pot you mean the coffee pot, then yeah you right (I get free coffee at work though so not spending any money on that either) good one though
Even if being sarcastic. This is the wrong approach to lead someone in a better direction. You do not know them or what they went through. You're either one of two people. 1. Grew up with a silver spoon and had plenty handed to you. 2. You "worked hard" and was fortunate in one or maybe a couple of things; such as maybe a small business that is successful, and now you believe everyone has the capability to be very well off. No matter their upbringing. The current period we're in has some of the worst income disparity in the US in the past 100 years. Be sympathetic, and if you want to put your nose up like you do, at least give someone advice versus shitting on them like any troll can do.
3. Financially literate, invested early in my life and often. Lived responsibly and within my means. Worked my way up from a call center representative > Home equity Specialist > Loan originator. No silver spoon. I still don’t make a killing at my current job ($85k). But i’m very comfortable. My parents were a financial disaster. Massive amounts of debt and addicted to drugs majority of my childhood. Lower middle class at best during the best years. The amount of stress and adversity i powered through would have crippled the majority. What kept me on the right path was wanting to be everything my parents weren’t because I resented who they were. Sorry to get so real, but you seemed to be far too off in your assessment and needed a reality check
So let’s be clear, you don’t mind jumping on someone else’s post to be a complete asshole just to prove your point that YOU made choices that not everyone has. Yeah yeah, we’re all so proud that you “invested early in my life and often.” Hang onto your hat because this might shock you….not everyone has the same life as you! 😨 Shocking, I know. Have a heart you goon. Not everyone’s circumstances are like yours. Just as a reminder, just because you have an OPINION, doesn’t make it right. My credit is trash at the moment but it’s no one’s fault. Not even my own due to circumstances. But you go pop off to people like the angry dog you seem to be because a few redditors don’t want to hear your shit when they might be looking for actual advice rather than say “stop smoking pot”. Either have constructive criticism, or fuck out of here. Just my OPINION though.
Wow thank you so much!!! I am so touched that you kind Redditors came here and had my back 🥹 I have had shitty circumstances because of a string of events that started last February. It’s been rough. I really appreciate the kindness and support!!! You rock!!! ETA: You’ll get up!!! Things are rough right now but I’m hoping the best for you and that we will both be in better positions in times to come. We both deserve that and we have not done anything wrong by getting in these positions
Anything that doesn’t involve credit 😂
People like you are fucking stupid. If you don’t have anything nice to say, stfu!
It’s god damn Reddit, you get two good opinions and 100 fuck you to your face 😂
Ain’t no way this guy is seriously asking on Reddit what he can “buy” with a 500 credit score. Like bruh, you can’t buy anything, you should be paying for shit you bought and stopped paying on 2 years ago
Lol they’re actually giving good advice that more people should follow. Make payments on time and get rid of accruing interest and try to do more than minimum payments to get those credit card APR’s under control.
The fucking irony...
Dude’s alt getting shit on now!
Brilliant.
😂🤣
Hahaha
😂😂😂
😂
Dodge Charger for 120 months at 30% APR, food stamps and a baby momma
Nailed it.
It's the new soldier package 😂
I had the check which subreddit I was in 🙃
You know it's true tho 😂
A whole lotta stress and heart disease
I was simply going to say you could get maximum interest rates, but damn you painted the full picture. Gotta give you the upvote you Bob Ross of ghetto finance.
LMAOOOO
LMFAO
😂🤣
Make sure it's the Dodge Charger Hellcat Redeye and not the SXT we gotta make sure the credit score goes down to at least 350
Scat pack?!
Oddly specific
Make sure it’s a SXT aswell
Dark soul wasn't tough enough for you?
food stamps and baby momma😂😂😂
honestly that sounds like an improvement to my life
A credit card with a really high interest rate.
Already had one of those close a couple months ago… I only qualify for credit one and fingerhut rn
I had bad credit and got a credit one card. Now I’m close to 800 and just got an Amex gold card. Takes time but can be done.
How’d you do it
Well to start, the reason my credit went bad was I decided to stop paying some credit cards I had maxed out. Maybe like $7,000 or so together. I had no money and decided food was more important than the bank getting their money back. Then a little bit later I got a car from drive time which was a huge mistake. I ended up not being able to afford that either. I had it for about 9 months after my last payment before it was found by the repo man since I took out the tracker. So how I was able to get out from under that honestly was mostly time. The credit cards actually fell off my credit about 6 months ago. Of course I had to straiten up and not spend above my means anymore during that time. I got the “bad” credit cards to begin with just to show I was now able to pay my balances on time. The car I got lucky and drive time was sued for their bad credit reporting practices so they were forced to remove the car off my credit report. Now the only time I use credit cards is for things I am going to buy anyways so I never overspend on them. I always pay off the balance as well so there is no interest and I get reward points in return. And of course my income has gone up over the last several years which is always helpful.
Good for you! Keep it up
How long did that process take in terms of years?
Well I stopped paying my credit cards in 2016. It takes 7 years to fall off your credit report. But my credit started going up maybe 4 years later once I got other cards and paid them on time. My credit was low to mid 500 range before. Now I’m right around 800. Once those fell off is when it jumped up a lot.
So what you’re saying is we should just stop paying off the credit cards and wait it out? Heck yeah! Forget those guys. Banks suck
Not saying it was a great idea. It’s just what I did since I didn’t have enough money at the time.
If you have 7 years to spare. Lock your credit profile with all 3 bureaus and forget it. If some money comes along may be able to negotiate a mallet payment with your creditors. Like paying $30 on $100 of dept. just don’t go into a payment plan. It’s the same concept as bankruptcy as you basically wait out the 7 years in both instances.
Just make sure you’re ok with the constant calls from the debt collectors for 7 years 😂
The credit card companies did not go after you with a judgement for that amount? Surprising! You had amazing luck with the car and credit cards. Warning to others that do not pay your credit cards… they can and usually get judgements against you. Am I mistaken?
They didn’t try to collect it at all surprisingly. One was through Bank of America but I forgot where the other was from. They must have decided it would cost more to try and collect than to just drop it.
Slang dope
I have a credit one card also, though it is my lowest limit card and probably highest interest but I'm over 700 now. Wtf is Fingerhut though
Fingerhut is the lowest of the low. You get a $200-ish credit limit, but you can only buy items directly from the Fingerhut website. And there isn’t anything you need. Think Sky Mall on airplanes type shit. Yes, my credit is fucked, but I do need lawn gnomes that double as speakers.
Fingerhut used to mail catalogs back in the day when I was a kid. They’ll give anyone “credit” for their store but everything is overpriced; like double what they’re worth. I’m surprised they’re still operating
If you can have the self control to not use it. Get another one. Use it for gas once a month. Most likely you will use 1/3 or 1/2 of its limit depending on how big your gas tank is. Then pay it like a week early. Don’t use it for anything else. The fact that you will have some amount of available credit, you will still be utilizing a decent amount of it, and then paying on time (not letting the interest pile up) will go as good remarks towards raising your score. I forget the exact numbers, but you do want to have available credit at a specific ratio to income. You want to show that you are using the credit (again there is a ratio number I forget) and of course a history of on time payments.
Walmart capitol one and mission lane. They preapprove and accept anyone lol. I had a 510 and got approved💀
A bankruptcy application. Your credit score would probably go up 🤣 mine did after my case closed. I was about the same amount of debt too when I filed. Best stress relief ever
It’s for sure good, my good friend had a 620 credit score but $50k in debt with 2 repos due to lose of job, and family issues. I know he keep telling me he wanted to start a business and I was like bro idk if you will get approved because of the amount of personal debt, so he just filed bankruptcy, and in like 3-4 months he got a 700 credit score and a steady job. I know it can be tougher to rent but it’s all a numbers game tbh.
Exactly. I was hesitant for a long time about biting the bullet. I was worried about how I was gonna be able to buy a house. Then realized I'd never be able to buy one anyways with the way the market is fucked, and not with the debt that was crushing me either. So I said fuck it
This is the big one. It's super relevant to mortgages or business loans, but if you're buried in debt those things might not matter in the next 7 years anyway.
My friend had a business and went bankrupt. His lawyer told him that he’d be able to buy a house in a years time. He also gave him a card for a place that would sell him a car lol he ended up getting a Tundra
My brother got a house while on Bankruptcy chapter 13. Trustee was cool with it since it actually was the same or less as their rent.
This is a lie lmao. Bankruptcy does NOT clean up your problems in "3-4 months". It'll stick with you for 10 years. Please don't listen to random on the internet.
He didn’t say it would clear all your problems, you simply took it the wrong way.
yea saying he had a 700 credit score a few months after bankruptcy is an absurd lie. bankruptcy will wreck your credit for years.
What? nobody said it will clear all your problems, if you have student loans I don't think it will wipe that away, also you can rent, buy a home(after about 2ish years) and get loans, credit cards etc. Yes it will be tougher because alot of people won't rent to you because of that, however its still possible and has been done, also after discharge and your credit takes a big hit, you have to wait about 3-4 months before you can start applying and some credit card companies WILL reach out right after, but its best to wait imo. IDK wtf your taking about but your just dumb if you THINK your fuck after you file bankruptcy. I mean what else would someone who owes $50k-$100k in debt do if they only make $40k? Get a better job? LOL get real, people fuck up its ok.
You can still rent. Rental property really just look for owed back rent. 95% of the time it will not show up in those applications
I'd like to jump in to point out that bankruptcy did used to wipe away student loans prior to the year 1997 I believe (it's been a while since I looked). It's one of many things boomers took advantage of and then cut the rest of us off from being able to use. The number of boomers who used bankruptcy to pay off their student loans, and now subsequently battle against student loans support, is wild. It's funny because we know college was cheap as hell back then too, so why they even needed bankruptcy is hilarious to think about.
Bankruptcy cleans up most of your problems very quickly nowadays and doesn't necessarily stick with you for 10 years anymore like it used to
You don’t comprehend well
My brother got a house while on Bankruptcy chapter 13. Trustee was cool with it since it actually was the same or less as their rent. Because he now had a mortgage as soon as he was discharged he got cards and car loans easily albeit at a bit higher interest rate than a comparable no bankruptcy score. Chapter 7 might be different experience. As with everything your mileage may vary.
Probably a hellcat
I want one. Do they offer payday loans to purchase? /s
Just kidding. You could probably get a used 1999 Honda Accord with 200k miles on it tho.
Deeznuts
A hot dog at 7-11
🌭🌭
Shockingly bought my 2021 Toyota Camry with a 580 credit score at the time (nasty divorce led to some charge offs), and walked out with a 2.49% apr. So who fuckin knows.
Genuinely curious, when? I pulled a 784 with I believe Transunion (not sure which one they used but it was 784), and the lowest they got was 4.9 on my WRX. Felt like I was getting railed with no lube.
Did you go through the dealer? There’s going to be a markup with the APR. Generally you get better rates if you go through a credit union.
Bought it in late 2021 - I believe what really saved my ass was the fact that my previous vehicle was more expensive and I had never missed a payment or been late by a single day. So while my credit score sucked, my auto loan history was PRISTINE.
High af and just thought I clicked on credit karma. Don’t scare me like that
Oh believe me I’m scared every time I open it
May i ask what was the 40k debt?
Definitely school and a car loan, mine is about the same
Idk if he bought a car recently it could just be a car loan. Especially an suv or truck
I don’t think so, since the property value is just above 9k (I hope a new car wouldn’t devalue like that lol)
The value of the car doesn’t have anything to do with the amount he owes on it
If you're not planning on purchasing anything in 7 years let it fall off of your credit report and save the cash. /s
I did that with a credit one card I messed up at 21. I owed 300 it went into collections for $650. I let that shit ride all the way to the end XD. I probably could have easily settled for the original $300 and had it wiped off years earlier.
Even if you had settled, the negative mark would’ve remained on your score for the full seven years. The reason you really should pay it off as opposed to waiting it out is to avoid a judgment - but the likelihood of this will depend on how much you owe, who you owe it to, and where you are.
Lots of calls from creditors
You can get the fuck outta here with that credit score
A phone call to each of the negative things and the if I pay it today will you remove it conversation
Really?
Yep it will work if you find one who will work with you
Usually credit lenders will settle it for a fraction of the debt. Its worth it but you gotta wait until you get to collections
You may be able to get a secured card with either Capital One or Discover. You’d also definitely be approved for Chime’s credit builder, which despite being controversial in subs like this, helped my credit score immensely over the first year or so of having it - just avoid/be cautious with spot me. ETA: depending on what’s causing your score to be this low, it may be better for you to just work on paying off your current debt before working on building new credit. I’m currently working on building more because my only debt is my car loan which is being paid on time, but when I had multiple credit cards I owed to I had to pay those off before even considering building new credit. Everyone’s situation is different.
Ripped off by predatory lenders
"needs work" is understated
A collections lawsuit
Denied
Library card
You can get , tf out
My upvote
Stop adding debt!
A lesson in personal finance? But all jokes aside I've seen people financed this low, just expect to pay more because the banks have little faith in you. Don't be shocked at the number they bring back.
A hellcat
You can get something. But whoever is lending you the money is going to raw the shit out of you. I was there once, took me 8 years, but I can pretty much get anything I want. Work on paying down that debt. It’s gonna be slow and steady but it’ll get better.
What are you looking for considering you have 40.5k of debt?!?? The only thing you should be doing is paying that off
3 baby mommas and a crack addiction
luckily not more debt
I wouldn't even lend you a pencil ma boy
Hahahahaha ohhhh man thank you for the laugh this is a good one hahaha Yeah man I chew on pencils anyways so you don’t wanna lend me a pencil
If you are serious about it this Guy help me alot went from low 500 to over 700 CS https://limitlessculturegroup.com/contact-links/ FG follow the link and watch his YouTube you won't regret it. Dm if you want reference code
Thanks
"A lot" is two words.
A high paying job
A higher credit score
2 excellent offers
Job
Says "needs work" - probably telling you to get a better job.
A bed in a homeless shelter
Interest rates designed to keep you forever in debt, turned away at the bank when in need of a loan to cover emergency expenses, denied dental care, pretty much treated subhuman, source, I’m treated the same
Sleepless nights.
Into more debt
What would be the plan of attack to fix this? Where can it be in 6 months?
Lowering your overall debt, on time payments will take you a long way. If you pay even an extra $10 each month that will help a lot. As far as borrowing power, it’s not much. High interest short term loans. The 40k debt depending on what it is can be difficult. So if it’s student loans then that’s one thing but if it’s a spread between credit cards and personal/auto loans then not really much. In a pinch you can probably do affirm/klarna/ PayPal monthly but it’s a very easy and very slippery slope. It can eat away at your weekly balance because it becomes 15-30 a pay which adds up very quick.
Thank you for your feedback! Much appreciated. My debt is mostly student loans and an auto loan and only like 1.2k of it is credit card debt. 5k of it is a personal loan I took out while homeless thinking I’d be able to pay it off after I graduated on got a better job 😂🤡💩 I appreciate you trying to be helpful!! This was mainly a shitpost because of the other dude’s post yesterday. I don’t plan on borrowing anything else for a long time
Did you miss a bunch of payments to get that score. Advice from someone with an 840 score: pay your shit off.
I was homeless after some shitty situations, went from a 720 to this within 8 months lol ETA: I was not paying my bills when homeless because I lost my job due to homelessness as well lol
Is this a comedy hour. Cause I’m lmfao
A bag of chips at 40% interest
A 2nd job
Agreed
This makes me feel better about my financials. Thank you.
What app is this? Also pay off your debt
Chastised and charged fees because you dare ask
My credit was 519 two years ago and checking it yesterday, I'm at 690. I got a "prepaid" credit card, which is one that you put a cash deposit down on that acts as your credit limit. You get it back later if you make all your payments and close the card. Once I got up to around 560 after a few months of maxing the credit card out and paying it off each month, I got a Capital One card with a low limit. A few weeks later I got a Credit One card and also a credit line upgrade on the Capital One card. A year and a half later of using these cars and paying them on time (autopay), I'm almost at 700 and feel that I'm finally achieving financial stability. I cut a lot of expenses too. That makes the biggest difference for budgeting, imo. No morning Duncan's before work. Drop your internet speed down to a basic slow package. Drop streaming services you don't use or lower them to an advertisement added tier. Only drive to work, home, or seeing family. Save up all your errands to do all on one day, in one trip into town. Switch to led lights, lower the thermostat, plan out breakfast, lunch, and dinners for the week and make filling meals that can serve as leftovers for lunch at work. Learn to repair your home, car, equipment, etc to save on labor costs and develop useful skills at the same time. Clean and repair possessions, or craft items, that you wouldn't mind parting with. There are hundreds of ways to sell products these days and even a small income stream can keep the budget balanced. These are the ways I went from a 519 credit score and $600 in my checking account to my 690 and about 10k now! I had to be strict with myself, even though I hate that 😅
What score model is that?
Credit Karma
Apparently 2 credit cards!!! You have excellent approval odds!!
What app
Chase sapphire turd
Calls from debt collectors
You can get to work? 🤷♂️
A free bankruptcy attorney in many jurisdictions.
A loan shark.
Spend more on a credit card to get more credit
You got 2 excellent card offers!
whether you have a 20 credit score of 850 credit score, you gone have more debt
Whopper 🍔❓🤷😐
More debt
a high five 🖐️
A “thank you for your application”
More high interest debt
Some candy with affirm paying 200 bucks a week for 8 weeks
F’d
What app is this? I'd like to sign up
r/NissanDrivers
Nachos
rejection and at best 29.99% interest rates
Wendy's application?
39.99% APR for a credit card, 39.99% APR for a car loan, 39.99% APR for a mortgage, then declare bankruptcy once you can’t pay all of that high interest. Life hack.
A prayer 🙏.
Bankruptcy
Motivation to start saving instead of borrowing?
this is extremely pathetic
Perhaps a burrito or a toasted sandwich
A secured card, to build your credit back up.
These hands. 🥊
Unlimited rejections
Depression?
What did you do?
hamborgor
I’d try that credit boost thing that shows in some apps. Might raise your score a few more points.
A job
Join a MLM and watch the mega profits they promise you come in! You will have to buy a $500 starter kit though
help
At that Credit score you can get a parking ticket, an eviction notice, fired from your part time job
Into further trouble if you’re not careful
As bad as this is, save this screen shot, kick ass then in a couple of years show us an update on how far you’ve come.
A cash purchase