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cumbrlnd
New Member
Cash: $ 0.65
Posts: 3
Joined: 26 May 2005
Location: Bakersfield, CA
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| What would you recommend now |
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This seems to be a very informative place. So perhaps I can get a little information. I have made many credit mistakes in the past from bankruptcy to forclosure. I have truly learned my lessons and I am back on track. I am in the process of getting my credit reports straight now. What would be the next step I should take.
Thanks for any input.
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Fri May 27, 2005 5:46 am |
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Riz
Contributing Member
Cash: $ 5.30
Posts: 27
Joined: 22 Mar 2005
Location: San Francisco
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cumbrind:
First and foremost, you need to make sure you are be honest with yourself. Meaning, if you haven't discovered what is the real reason why you have had the problems you've had. Many times, people don't know how to set budgets and/or have spending problems. So, if you address the REAL problem, you are doing exactly what you are suppose to be doing. Get your credit report keep it clean, going forward. Make sure you discard any and all credit cards, you can always request additionals if an emergency occurs.
Now, you will just need to be patient and responsible. Making sure all payments going forward are paid every time on time. Make sure you are not accruing anymore debt. Oh, can't forget! Make sure you are saving money for them rainy days, so you don't have to use credit to stay afloat.
"What we have today, is only as good as we preserve it for tomorrow"
-Riz
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Fri May 27, 2005 6:16 pm |
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nextmillionaire
Full Member
Cash: $ 10.23
Posts: 56
Joined: 23 May 2005
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Save at least 9 to 12 months of monthly expense for your rainy day. At least you have 9-12 months to do something or find a job.
For e.g your expense is 2K per month, and you should save about 18-24K. Put your money somewhere which is difficult to take (without ATM card for e.g). and make sure it is cash money.
The choices we make dictate the lives we lead.
Financial Freedom Society Inc.
Master Information
Lazyguides
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Sun May 29, 2005 12:32 am |
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networking101
Member
Cash: $ 1.02
Posts: 12
Joined: 02 Jun 2005
Location: US
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Hello,
I agree with Riz, get your report see whats up. Straighten it out, and begin saving. If you have had bankruptcy time will be the main solution to recover from this marker. If you do choose to get a credit card more than likely it will have a higher APR. Just make sure you pay off the balance every month to keep the card in good standing and not accure interest charges. Good luck, part of life is learning from our mistakes.
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Fri Jun 03, 2005 8:28 am |
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