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Re: Need to get my credit fixed....
listen to me crombie, i've gone through what you're going through. it took me some time to fix it (still kinda in the works) but for the most part, its worked out.
first off, what kind of bills do you have, and how much do they total?
2nd, after establishing that, figure out how much money you have left to spend after paying MANDATORY bills, like rent, car payment, insurance etc...the necessities.
3rd, after you have the amount of money left to spend, calculate which bills you need to pay off first. if you have creditors hassling you non stop, work on those bills first. if you have a debt of a couple hundred dollars, work for a week or two to pay it off. keep in mind this.....PAYING OFF DEBT TAKES SACRIFICE! if you have a social life to where you spend money very flipantly, CUT IT OUT! don't go shopping, don't go out with the guys (or girls in your case) for drinks or whatever. save every penny. you need to get out from under this.
i was in a situation where i was leasing my truck and i had it for about a year then the payments started to be too much and i was missing payments, the creditors would call me threatenting to repo my car. well, after about almost 2 years, i told my parents "i can't do this anymore, i have to get rid of this I NEED HELP!" so they agreed to take out a loan to get me out of it. i was upside down (owed more than its worth) $5500. so i got my parents to take out a loan in their name (my name couldn't be on the loan anywhere cuz my credit was so bad...co-signing a loan was out of the question) for the amount i needed. so they took out a loan for me, i took the truck back to the dealer, handed him the keys and the check for $5500 and said "i'm done, no more truck". they tried to talk to me about sticking it out, i said no way man. ****, it was a lease anyway.
so anyway, it was a one year loan at like $475/month or something like that. well, i knew that it was not going to benefit me to draw it out the whole 12 months cuz my name wasn't on it. so....i busted ass for about 6-7 months and paid that shit off. i worked 2 jobs. my first shift job, consistant paycheck, was for other bills. my 2nd job, as a server, went all to that loan. so what i'm saying, is bust ass for the next year or so (depending on the financial circumstances and how much debt you really have) and just pay the shit off.
ever heard of Dave Ramsey? he should come on a radio news station in your area, he's on nationally. well, he's a....well, i don't know his official title, but he's a very smart man when it comes to money. he's had his hardships in the past, and now is doing very well, not becuase of money he makes off seminars and what not, but becuase he got out of debt! he doens't believe in any credit cards. he says if you need emergency money, put money aside every week in an account you can access, but can easily forget about.....that will be your emergency fund, not a credit card. also, he says that you should have NO car payment. buy a beater, drive it around until you can save the money to buy a car with cash. if image is important to you, then getting out of debt isn't important to you. with a mortgage (in most cases) you should be able to pay for your rent/mortgae with one weeks pay. so if you make $500/week, your rent/morgate should be no more than $500/month. that leaves you with (still an example) $1500/month for stuff like gas, bills associated with the home, money to put aside for emergency fund, food money etc... with his methods and way of thinking, your only bills will be a mortgage, car insurance, possibly a cellphone, and thats about it. until then though, you need to PAY THIS SHIT OFF ASAP! get another job if you must. your diet/training shouldn't necessarily be effected by this, so don't worry about that. if you can only get to the gym 3 times per week, thats enough. just try as hard as you can to get in the gym with the newly acquired busy schedule, if you can you can, if you can't, so be it. getting out of this hole is very important, effects you big time in the long run. if you aren't able to be in the gym consistant for 6,7, 10, 12 months, there's a thing called muscle memory, you'll get that back. so i'd think about it this way, you have the rest of your life (40-50 years, whatever) to work on your body and physique, you can take ONE YEAR out of those 40-50 to work on making getting out of debt your priority. personally, thats what i would do. as having money to actually spend thats yours and not a creditors is a good feeling. basically, as already stated above, the only thing that will raise your credit and help, is time. i've had this new car (i know, its hypocrytical, but i needed a new car and got suckered into this...thats a new thread all together) but when i got it, i had a 574 credit score....not good at all. now, with about 12, 13 payments under my belt i'm sitting on about a 609, so i'm going up. thats 30+ points in a year. just think, if i keep this up, thats another 30ish points. then, i'll be at the national average (which is mid 600's.) another year down the road, i'll be pushin for 700, then its just a waiting game, ya know. my point, although long, pay this off and make that your main concern. i did, and its such a rewarding feeling when you do pay it all off, you have no idea. to sit back and say "damn, i have a lot of money now that doens't belong to someone else" its a great feeling bro. i highly suggest you take this post to heart because it will benefit you and any others reading this. if you have any questions or whatever, feel free to pm me.
listen to me crombie, i've gone through what you're going through. it took me some time to fix it (still kinda in the works) but for the most part, its worked out.
first off, what kind of bills do you have, and how much do they total?
2nd, after establishing that, figure out how much money you have left to spend after paying MANDATORY bills, like rent, car payment, insurance etc...the necessities.
3rd, after you have the amount of money left to spend, calculate which bills you need to pay off first. if you have creditors hassling you non stop, work on those bills first. if you have a debt of a couple hundred dollars, work for a week or two to pay it off. keep in mind this.....PAYING OFF DEBT TAKES SACRIFICE! if you have a social life to where you spend money very flipantly, CUT IT OUT! don't go shopping, don't go out with the guys (or girls in your case) for drinks or whatever. save every penny. you need to get out from under this.
i was in a situation where i was leasing my truck and i had it for about a year then the payments started to be too much and i was missing payments, the creditors would call me threatenting to repo my car. well, after about almost 2 years, i told my parents "i can't do this anymore, i have to get rid of this I NEED HELP!" so they agreed to take out a loan to get me out of it. i was upside down (owed more than its worth) $5500. so i got my parents to take out a loan in their name (my name couldn't be on the loan anywhere cuz my credit was so bad...co-signing a loan was out of the question) for the amount i needed. so they took out a loan for me, i took the truck back to the dealer, handed him the keys and the check for $5500 and said "i'm done, no more truck". they tried to talk to me about sticking it out, i said no way man. ****, it was a lease anyway.
so anyway, it was a one year loan at like $475/month or something like that. well, i knew that it was not going to benefit me to draw it out the whole 12 months cuz my name wasn't on it. so....i busted ass for about 6-7 months and paid that shit off. i worked 2 jobs. my first shift job, consistant paycheck, was for other bills. my 2nd job, as a server, went all to that loan. so what i'm saying, is bust ass for the next year or so (depending on the financial circumstances and how much debt you really have) and just pay the shit off.
ever heard of Dave Ramsey? he should come on a radio news station in your area, he's on nationally. well, he's a....well, i don't know his official title, but he's a very smart man when it comes to money. he's had his hardships in the past, and now is doing very well, not becuase of money he makes off seminars and what not, but becuase he got out of debt! he doens't believe in any credit cards. he says if you need emergency money, put money aside every week in an account you can access, but can easily forget about.....that will be your emergency fund, not a credit card. also, he says that you should have NO car payment. buy a beater, drive it around until you can save the money to buy a car with cash. if image is important to you, then getting out of debt isn't important to you. with a mortgage (in most cases) you should be able to pay for your rent/mortgae with one weeks pay. so if you make $500/week, your rent/morgate should be no more than $500/month. that leaves you with (still an example) $1500/month for stuff like gas, bills associated with the home, money to put aside for emergency fund, food money etc... with his methods and way of thinking, your only bills will be a mortgage, car insurance, possibly a cellphone, and thats about it. until then though, you need to PAY THIS SHIT OFF ASAP! get another job if you must. your diet/training shouldn't necessarily be effected by this, so don't worry about that. if you can only get to the gym 3 times per week, thats enough. just try as hard as you can to get in the gym with the newly acquired busy schedule, if you can you can, if you can't, so be it. getting out of this hole is very important, effects you big time in the long run. if you aren't able to be in the gym consistant for 6,7, 10, 12 months, there's a thing called muscle memory, you'll get that back. so i'd think about it this way, you have the rest of your life (40-50 years, whatever) to work on your body and physique, you can take ONE YEAR out of those 40-50 to work on making getting out of debt your priority. personally, thats what i would do. as having money to actually spend thats yours and not a creditors is a good feeling. basically, as already stated above, the only thing that will raise your credit and help, is time. i've had this new car (i know, its hypocrytical, but i needed a new car and got suckered into this...thats a new thread all together) but when i got it, i had a 574 credit score....not good at all. now, with about 12, 13 payments under my belt i'm sitting on about a 609, so i'm going up. thats 30+ points in a year. just think, if i keep this up, thats another 30ish points. then, i'll be at the national average (which is mid 600's.) another year down the road, i'll be pushin for 700, then its just a waiting game, ya know. my point, although long, pay this off and make that your main concern. i did, and its such a rewarding feeling when you do pay it all off, you have no idea. to sit back and say "damn, i have a lot of money now that doens't belong to someone else" its a great feeling bro. i highly suggest you take this post to heart because it will benefit you and any others reading this. if you have any questions or whatever, feel free to pm me.
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