Money Talk, Bad credit & being on the road

i just take cab to Olive garden.

 

my car was 25% so it cost $30,000 for a $5000 car of course I have really bad credit but they -----d me over and wouldnt back down my dad paid the car off

 

You mean, Dave "send your money to god but address it to me" Ramsey?

 

Very hard to finance a fridge when you have bad credit. Very tough to get ANY kind of financing with bad credit.
Late on payments might not be as bad as owed debt. Which is still late on payments.

About the only way i know of to start rebuilding are as mentioned. Secured Credit Cards and a high interest car loan. You can get a secured card for as low as $200. The higher your limit. The higher your score will be. Provided you have a zero balance when it reports to the credit agencies. A personal loan would help too if you can get one without a cosigner

TIP. Bank cards are worth more points then credit union cards. At least mine are. My CU card has the highest limit but worth the least points. 9 points between maxed out and paid off. My smallest bank card. 15 points between maxed out and paid off.

I never had a desire to have credit cards. Didn't see no need for them. But then I realized how much better my credit would be. If I would have kept the cards i had when i was married 28 years ago. And how I could have saved myself from collections if I would have had some type of back up cash flow.

A way to pay the bills when the cash flow slows down. Because they always seem to hit the hardest when there's no money to pay.

I'm glad I have cards now.

Cash may be king. But cash does absolutely nothing for credit. And not everybody has it to stash it.

And think about those things that's going to cost you because of credit. Like higher auto insurance.

Who knows how our credit will be effected when that new algorythim kicks in next year. And our savings and money markets are tied in.

And yes. I posted that news story on this sight last month.

 

"Very hard to finance a fridge when you have bad credit."
If you have to finance a refrigerator, you shouldn't be buying it. Find a used one that you can actually afford.

 

Best way to have good credit is to pay them on time every time.
Making more debt with bad credit is not a wise move.

 

this will be good. didn’t take long for the pablo escobars to show up.