have bad credit,financial problems,need help re-establishing credit for better future?

Question

have good jobs but we are barely getting by have no options and no finances to work with

Answer 1

Tigger,

About four years ago I was in your same boat. I was working hard and getting no where fast. And then I remembered something that my grandfather told me when I was nine years old.

My grandfather worked for the railroad for 52 years. He was very humble, worked hard and loved his family. Six years into his job, he started putting back five dollars out of each paycheck into a bank account. As soon as the account had accumulated enough cash with interest, he would buy war bonds that began to double and triple his money. Now. my grandfather was no tycoon. He simply was persistent and ended up paying cash for my father's and aunt's college education, masters degree and doctorate. His house was completely paid for at his passing and his children even had help financially raising us.

Want to know what he told me? He told me to look one day at a penny he was holding. He said that he always carried this penny in his pocket. I asked him why? He said, "Because, this penny always reminds me where I came from, poverty. This is the first penny I ever got from the bank when I cashed my first check. This penny keeps me going and keeps me working; it gives me hope for your future. He then told me not to let anyone ever tell me that a penny is worthless, just because it's a penny.

I remembered this four years ago. Swallowed in debt, trying hard to work everything off and having a real hard time. I knew that I couldn't do exactly what he had done but I could compromise.

I decided that working for someone else was never going to get me ahead in life. What did I do? I decided to open up my own business. I had no money and at the time, no idea for a business either. I had a large pickle jar that I had just emptied. I cut a hole in the top of it. I dropped my first penny into it from my next paycheck that I got from work. I continued to drop all change into it from my paycheck and if I had change in my pocket from the day. After I did this for about four months, I took the coins out and put them in rolls of change. When I counted, I had twenty-seven dollars rolled and some change. I went down to the bank and opened up my own business checking account. I gave my business a name and used twenty-seven dollars to open the account. Everyone thought I was crazy! Open a business account with no business?? I told them it was my future. I continued to do this and my money continued to grow, penny by penny. I thought of something that I like to do a lot and went with it. Hard work, patience and persistence paid off.

Today, I have a growing business that I own. It's just beginning to see profits and I'm ecstatic. Who would have thought....me....four years ago....here now?

Tigger, if you have one penny right now, a pickle jar and something that you like to do; you can do this too!

Answer 2

As mentioned it will probably take awhile to get out of this mess. Depending on how severe it is, how bad your credit has suffered and how far in debt you are you may want to consider either a consumer credit counseling program or even bankruptcy. Both options are not very good ones in the way of your credit, but they may offer an immediate solution for a big problem and give you a chance to start over sooner than later. Best of luck to you.

Answer 3

If you have good jobs, then you DO have options. It took you awhile to get into this mess, and it will take awhile to get out of it, but you can do it. You might consider someplace like Consumer Credit Counselling to help you get back on track.

Answer 4

I'm assuming you can afford your bills. If you can, I would organize my bills by highest interest rate to lowest interest rate. Pay the minimums on all your credit cards except for your highest interest rate, pay off as much as you can every month. You will slowly pay off your highest interest rate card down, and once you do, put it away & don't use it anymore. Actually, stop using it now, if you can. Once your highest rate card is paid off, apply the same technique to the next highest card, and so on...

It's definitely a long road, but it's well worth it to get your credit back on track...

Good luck...

Answer 5

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