Brehs With Bad Credit

[big bun]

literally just told how to get rid of collections for goddamn free and no one responds to it or even daps the post. dudes talkin bout pay the shyt off when you can fill out an online form and potentially get it taken off without spending a dime. but do ya'll though.

Good story, bro.

 

[JT-Money]

830 score last time I checked. All I did was make more money. Then started doubling my debt payments every month to increase my score.

 

[Soundwave]

Pay your bills on time
Pay more than the minimum due

 

[The Radiant One]

I recently filed bankruptcy because my insurance decided not to cover a surgery that left me 200k+ in debt . shyt is tough but the goal ain’t “to navigate out here” it’s to rebuild. If you have a place to stay and a car to drive you just gotta be comfortable with both and focus on improving your credit. That’s basically all there is to it, ain’t no magic fix to it...it’s like getting fat...it ain’t happen in a day and it ain't”t gon change in a day. Sit down and create a plan to fix your credit, if you have a spending issue fix that as well...

What surgery I would keep on calling insurance. They charged you the insurance rate you can get it discounted.

 

[904]

Terrible advice. It may work in some cases, in others it’ll end up in a lawsuit and wage garnishment. Best thing to do is pay your got damn bills and if you can’t do that find a way to cut your expenses.

Worked for me..

I was dumb as hell in my early twenties..

What if you're already paying and worked on a payment arrangement, can u just stop ?

Honestly I'm not sure.. I believe it basically resets once you pay it off and you'd have to wait a few years for that bad/slow paid account to fall off your credit

I fukked everything up when I was 21.. I had trouble finding a job after getting fired at the end of 07 right around the recession.. I kept fukking up even beyond that until I was 24..

Car loan for 13K repoed
Capital One credit card $1100 charged off
Two apartment evictions
A Sprint cell phone bill for I think 400 charged off

Had to tough that shyt out..

At some point when I was 29-30 I was able to get a secured credit card knowing that last bit of bad shyt on my credit would fall off at 31.. I was a 495 beacon at the time but I don't know what each individual bureau score was at the time..

The secured credit card has only has a $200 limit btw..

I bought a car in May (i think) of last year and nothing was on my credit except the secured card with a little over a year of perfect payments and my score was around 620.. I traded that car in around November of last year and my score was around 650..

I found a little cheat code shortly after that.. My step father has credit card with like a 10-15k limit that he's made perfect payments on for years.. I had him list me on the account as a registered user only.. I don't even have the card..

I just bought a car about 3 weeks ago

816 Experian
718 Equifax
742 Transunion

Now I don't have a ton of credit history now but my scores are pretty good

What's on my Experian now

A $200 secured credit card
2 paid off auto loans with about 17 perfect payments
A $1100 PayPal credit (I don't remember if this showed on my Experian)
The 15K credit card with no balance.

Edit
I'll be 33 on the 24th

 

[Vilify]

Until your credit is repaired get used to paying more for everything

 

[MJ Truth]

Its difficult but not impossible. What exactly are you trying to accomplish at the moment?

Get a new apartment.

Not even sure if my credit is going to stop me from doing it, I'm just assuming, but I haven't applied anywhere yet. I've essentially been renting from people I already knew for the last few years.

 

[Elim Garak]

Get a new apartment.

Not even sure if my credit is going to stop me from doing it, I'm just assuming, but I haven't applied anywhere yet. I've essentially been renting from people I already knew for the last few years.

Make sure you tell them upfront if you have receipts or check stubs from the people you rented from before that can help. Also offering to pay an additional month may help you.

 

[904]

Get a new apartment.

Not even sure if my credit is going to stop me from doing it, I'm just assuming, but I haven't applied anywhere yet. I've essentially been renting from people I already knew for the last few years.

My credit was shyt when I got my first apartment..

This all may be wrong lol

Apartments complexes do soft pulls.. They're concerned if you have evictions but outside of that I don't think they care too much.. I had a repo, and two charge offs when I got my first apartment...

 

[The Coochie Assassin]

I recently filed bankruptcy because my insurance decided not to cover a surgery that left me 200k+ in debt . shyt is tough but the goal ain’t “to navigate out here” it’s to rebuild. If you have a place to stay and a car to drive you just gotta be comfortable with both and focus on improving your credit. That’s basically all there is to it, ain’t no magic fix to it...it’s like getting fat...it ain’t happen in a day and it ain't”t gon change in a day. Sit down and create a plan to fix your credit, if you have a spending issue fix that as well...

Peep this forum breh. Bankruptcy is more common than people think. People are getting their credit score back to 700 in 2 years or less. It's all a game, you gotta know the rules and how to play.

HOW TO: From BK7 discharge to 700 in 24 months or ... - myFICO® Forums - 1384075

 

[Jhoon]

830 score last time I checked. All I did was make more money. Then started doubling my debt payments every month to increase my score.

More money equals more credit. More credit leads to higher scores.

Poor people are fukked. I mean you can do the secured credit card dance, however, that’s not going to really get you out of the subprime market.

I opened 4 credit cards last week.

 

[HabitualChiller]

More money equals more credit. More credit leads to higher scores.

Poor people are fukked. I mean you can do the secured credit card dance, however, that’s not going to really get you out of the subprime market.

I opened 4 credit cards last week.

For why?

 

[Jhoon]

For why?

Balance transfers, and the fact that these dumb ass companies haven’t learn anything from the last recession. If they’re giving it away why shouldn’t I take it? Who doesn’t like lower rates?

And like I said: more credit equals higher scores. I can use a couple points.

I replaced 2 capital one, a chase, and a Barclays.

 

[The Coochie Assassin]

More money equals more credit. More credit leads to higher scores.

Poor people are fukked. I mean you can do the secured credit card dance, however, that’s not going to really get you out of the subprime market.

I opened 4 credit cards last week.

Yeah the more you make, the more access you get to spend other people's money it's fukked up but it's logical. Somebody making 16K/year isn't someone you wanna give a 100K credit limit too. But it's also funny how many high earners get in consumer debt and have to file bankruptcy anyways.

 

[JLova]

One thing I'll say is it depends on many factors but sometimes it may be worth it to file for bankruptcy. You have to weigh everything out though and see if you can realistically pay off your debt.

Allso if you're serious with someone make sure they have good credit and peep their debt. Doesn't matter how much money you make, if your debt is not right it will hamper you. Even if you have good credit.

Lastly, make sure you don't get into this position in the first place. Pay your bills on time. Save, live within your means. Debt will leave you with many sleepless nights.