Get out of debt brehs
- Thread starter newarkhiphop
- Start date
Paid off all outstanding loan and credit debt. Increased my available credit over time. It took a over 2 years but my scored jumped 197 points.
If you're living inside your means with no medical debt managing credit is easy. Have and maintain multiple forms of debt like installment loans and credit cards. Utilization under 5%. Pay all bills on time. Space out your applications for new debt.
Depends on where you start but within a few years should have over a 750 score doing that.
One trick I used was going to my local credit union and consolidating all my debt to 1 loan. I had a 3 year loan going in with a barely 600 credit score and came out closer to 800 which I've been around ever since.
NZA
LOL
just made my last student loan payment. 100% debt free 
International Playa
Playa with a Passport
Just paid off all my debts
Time to work on building my savings
Time to work on building my savings
make sure u put it in a high interest bearing saving account, try to get at least .45% or higher (ally/navy federal). All the traditional banks like bank of america are committing highway robbery for only giving you .005% on your money with their bs tier silver/gold membershipJust paid off all my debts
Time to work on building my savings
Currently have $3512 in credit card debt
$2,359 of it is on 0% interest cards that begin to expire in May.
$1,153 is all due this month by the due date.
I got about $600 in payments that should be posting on Monday.
This pandemic hit and I lost my mind buying stuff. It's time to get back financially disciplined and wipe out that nagging leftover debt.
$2,359 of it is on 0% interest cards that begin to expire in May.
$1,153 is all due this month by the due date.
I got about $600 in payments that should be posting on Monday.
This pandemic hit and I lost my mind buying stuff. It's time to get back financially disciplined and wipe out that nagging leftover debt.
BrownSound
Pro
20 bucks in checking
0 bucks in saving
5,500 in credit debt
15 dollar an hour job
HELP ME.
0 bucks in saving
5,500 in credit debt
15 dollar an hour job
HELP ME.
How much do you after bills mandatory bills like rent?
OfTheCross
Veteran
$15 isn't terrible. do you live at home or have bills to pay?
BrownSound
Pro
im back at home. Pops lowkey giving me a handout right now and i have a great oppurtunity if my situation stays the same the next few months.
I dunno, im just stressing.
any advice would be appreciatedd, im reading thru the thread
You need to be on the Dave Ramsey plan. First try to get $1000 saved up. Sell everything possible to fast track it on places like eBay of Facebook Marketplace. When you get that $1000 it’s untouchable outside of a serious crisis.
Next make the minimum payments on all debt and pick the smallest debt and put all extra dollars on that. You do that until it’s all paid off.
BrownSound
Pro
ill try but
i like my stufffffi have a ps5 i stopped using every day BUT damnit i know myself, ill rebuy it later
Neo. The Only. The One.
THE ONE
If this was TLR, I would tell you "
commit that, it's the only way!"But I'm in some debt too, mine is only around $1500 so I'm trying to go ahead and work my way out of that. Hoping this thread will give me some tips on raising my credit score real quick.