Bad Credit?? How do you do it?

Question

I'd like to hear some stories on how people live their lives and maintain even though their credit isn't so good. I mean how much is the interest rate on your car, how much you're making, things like that, how's all working? kids? Thanks!

Answer 1

This is what I have done:
1. Figure out what i have on my credit cards, plus the rates
2. Figure out what my periodic debit is (phone, rent, etc…).
3. Figure out what my flexible budget items are (food, pleasures, etc…).
4. Total it up,
5. and figure out what my income is.
I called each credit card company and ask for two things:
Ask for a lower rate
ask what their balance transfer options are.
First I paid rent and necessary utilities.
Canceled things i did’t need..
Third, set aside money for necessary items like food, and a little fun money. I used the fun money as a reward when i don’t spend money. Perhaps a coffee drink or a movie.
I didn't pay only the minimum. Credit card companies get ency if people pay off only minimums. Focused on one debit and knocked it down.
Fourth: destroyed your cards as y i went along.
I got my free credit reports. This motivated me. After 9 month of paying back debit my credit score started improving a lot.
No new debit.

Answer 2

OK, last year I paid off all my old debt and a years later my score went up 90 points and I disputed 3 things on my credit report . Now I make sure I pay everything else on time and its been working for me...

As for credit cards 2 is the most u should have

Answer 3

Raising a family of six, we moved in with a relative who then moved out and the landlady never noticed since the rent is paid on time, (the utilities are also in that person's name):we bought cars used, paid cash, and don't carry credit cards or loans of any kind. Everything is paid in cash or we don't get it. Two of us--mother and grandmother--work for a grand total of $35K a year in a small town in the Midwest, and food stamps and welfare medical cards round out the rest. Our credit went bad when a check bounced and the bank took their fee and bounced the next check and took the fee for that and the next check.... By the time they notified us, we were so far in the hole, we never recovered. Grandmother, who has worked the longest (35 years) never owned credit cards or took out a loan under her name alone, so she can't get anything now because she has no credit. We are happy, healthy and getting by, so thanks for asking.

Answer 4

Dont give up there is hope! Our legal system is great, i have horrible credit but i was able to get two new cars this year. The secret is using the legal system to be on your side, and the best part about it is that you dont need to spend money to fix your credit. go to www.adviceontime.com and read the articles on credit, this will open your eyes.