how bad is my credit around?

Question

I owe about 2000 right now on a single credit card, I still havent payed it off completely for about a year now. a few times(maybe around 4 or so) i have not paid the due date, but the wait for not paying was never longer than like another month. I am still paying it right now, not really missing dates lately, but i am pretty much paying the minimum, and then also using the card more. So the interest rate is starting to kill me. but with that info is my credit score really gonna be too bad. Im kinda thinking of applying for a car loan through that bank card. (Bank of america)

Answer 1

You pay on the card and then use it again which shows you cannot afford not only the card but a car payment. Get the card paid down to less than 30% of the available credit then you might get the car loan

Answer 2

It's not that you owe money. It's the late paying that will kill you. You need to stop using the card more, and work on paying it down. If you can't do that, how do expect to afford a car too? This type of financial mess can ruin you for years to come. And not just for credit cards. It affects your insurance rates, ability to get utilities turned on, and also future loans.
Be smart, and be careful.

Answer 3

You should never borrow money that you cant get back or even MORE by investing it.

Either rip it up or invest the money in a very low risk investment.

Car loan? Cars are liabilities. They should always be paid with cash.

Im sure you probably dont want to hear this stuff but Im trying to help you from goign down a road of debt which coud ruin your life. Credit card companies are DESIGNED to ripp you off.

This is a dangerous game. Please educate yourself a little more about money before you use that credit card again.

I recommend reading Dave Ramsey's money books.

http://www.daveramsey.com/

good luck