topic Re: This Board Seems like it's Filled with People That... in Rebuilding Your Credit

This Board Seems like it's Filled with People That...

HappySoda — Wed, 10 Oct 2012 20:40:58 GMT

...need to buy a house TOMORROW! I've been lurking for just a while and I am having trouble comprehending how people want to buy a house right now but are so out of touch with their finances that they are on a credit rebuilding forum asking for advice about things they should have handled months or years ago. These are things you should know 2 years before you start thinking about buying a house. The sense of urgency here is really a bit of madness. You didn't rush when you destroyed your credit did you but now you want to have an instant 780 score? This seems to be the American way - to want everything right now.

My personal advice would be to take a deep breath and re-assess your situation. If you have a bunch of bad stuff on your credit file, maybe you need to stop and re-think what you're doing. I know this may be unpopular opinion here especially for a first post, but this forum reeks of desperate people whose only downfall is that they don't have any patience to rebuild what they took years to destroy. Have some patience people and the good credit will come. Pay your bills on time and all will not be lost.

Re: This Board Seems like it's Filled with People That...

Jutz — Wed, 10 Oct 2012 20:50:05 GMT

That's kind of a drastic generalization of the entire board. There are definitely people who expect too much, too soon, but there are also many who have a realistic expectation. I had made it a goal to buy a car roughly 6 months from when I started rehabbing my credit. Turned out to be too soon, and have bumped it even further.

I'd say that "filled with" is probably the wrong phrase. The passer-bys tend to be the quick hit, quick fix folks, whereas anyone one here more than half a dozen posts has a good, solid, long term plan.

Re: This Board Seems like it's Filled with People That...

annielorie — Wed, 10 Oct 2012 20:54:54 GMT

Welcome to the forums! In essecene you are correct everyone wants it stat but aalot dont realize the disproportion until they dig in. This site is truly learning about your inner child the wants vs. the needs. We try not to judge as many people find themselves in these situations not because they were reckless but many other factors. If u hadnt noticed unemployment is a tad high. People get sick. Many things happen. To generalize everyone on these borads is a shame because I think everyone has unique and varying circumstances. My personal advice is dont judge! it's not proper or polite. I hope u enjoy the vast wealth of info we all share with each other.

Re: This Board Seems like it's Filled with People That...

novabama — Wed, 10 Oct 2012 20:55:50 GMT

I'd say we should probably keep generalizations like that to ourselves or a general board. Let's just help each other out or go on with our business... For instance, a lot of people may not have realized how bad it was until they had intentions for a large purchase... let's not be so brash now. We try to be pretty amicable around here.

Re: This Board Seems like it's Filled with People That...

S7 — Wed, 10 Oct 2012 20:58:19 GMT

Agreed! And I was actually surprised and blessed that my fix's were easy! AND, I did get to put an offer in today! :)

Re: This Board Seems like it's Filled with People That...

rkb84 — Wed, 10 Oct 2012 21:01:05 GMT

I think this board is full of helpful people and good resources. Mostly everyone is just trying to be more responsible and fix past problems with credit so they can move on with their lives.. nothing wrong with that.

Re: This Board Seems like it's Filled with People That...

novabama — Wed, 10 Oct 2012 21:03:20 GMT

rkb84 wrote:
I think this board is full of helpful people and good resources. Mostly everyone is just trying to be more responsible and fix past problems with credit so they can move on with their lives.. nothing wrong with that.

OP saying be patient... yes that is forward for your first post... if you read around, signatures and posts EVERYWHERE say be patient, it takes patience, or patience is key... etc. So welcome to the boards and please feel free to give as much useful or encouraging information as you would like!

Re: This Board Seems like it's Filled with People That...

Shogun — Wed, 10 Oct 2012 21:05:22 GMT

Rainbows and unicorns..... Ok.. nope, it's battle in the trenches. Sometimes people just need a wake up call. I've muddled through the past myself, not watching my CRs, sticking my head in the sand. But when we realize that we are responsible for our actions, be it good or bad, we must do something about it. That's why people come here. To learn to be responsible and hopefully never put themselves in a similiar situation again. That is my goal, my life lesson.

Re: This Board Seems like it's Filled with People That...

ALD22 — Wed, 10 Oct 2012 21:25:10 GMT

I like to post this on other forums I am a member of when others feel the need to judge.

“We can never judge the lives of others, because each person knows only their own pain and renunciation. It's one thing to feel that you are on the right path, but it's another to think that yours is the only path.”

Re: This Board Seems like it's Filled with People That...

Tempted2Pull — Wed, 10 Oct 2012 21:29:45 GMT

And some people might be financially ready to purchase a home right now but they have that lingering collection or two that need to be addressed so they can move forward in life. Others might just be starting from scratch and some might come here for advise. Everyone's situation is different. There's no quick fix when it comes to rebuilding credit.

Re: This Board Seems like it's Filled with People That...

Ms_Pooka — Wed, 10 Oct 2012 21:40:15 GMT

I personally knew once I filed bankruptcy it would be a two year journey to be able to buy a home. No quick fix. And now that I am one year away these boards have been a wealth of knowledge I haven't seen in other places... I agree with the others that say you probably shouldnt generalize. good luck to you!

Re: This Board Seems like it's Filled with People That...

fuzzybean — Wed, 10 Oct 2012 22:17:10 GMT

annielorie wrote:
Welcome to the forums! In essecene you are correct everyone wants it stat but aalot dont realize the disproportion until they dig in. This site is truly learning about your inner child the wants vs. the needs. We try not to judge as many people find themselves in these situations not because they were reckless but many other factors. If u hadnt noticed unemployment is a tad high. People get sick. Many things happen. To generalize everyone on these borads is a shame because I think everyone has unique and varying circumstances. My personal advice is dont judge! it's not proper or polite. I hope u enjoy the vast wealth of info we all share with each other.

Exactly!

Re: This Board Seems like it's Filled with People That...

diabla — Wed, 10 Oct 2012 22:35:40 GMT

HappySoda - you used your first post to say that, huh?

Maybe a lot of people ended up BECAUSE they thought they were on their way to buying a house and then discovered how bad their credit was, so of course their focus is going to be how soon can I start house-shopping again? But being here pretty much teaches you that credit repair is a journey and I think most people end up settling down for the long haul. You don't know everyone's story. Geez.

Re: This Board Seems like it's Filled with People That...

Rhaeny — Wed, 10 Oct 2012 22:58:16 GMT

Wow...that was an awesome way to join the forum on your first post. :smileyindifferent:

As many have already stated, many people don't even know that their credit might be trashed. Sometimes TL's get put on your report that aren't even yours. Sometimes a creditor reports something wrong. Sometimes people don't have any bad credit but have lower than expected scores, and they come here and find out that it was thier utilization. Sometimes people just messed up and didn't pay their bills on time. Sometimes people just didn't realize that they had the power to fix some of the things listed here. Sometimes people are in the middle of a mortgage and Mr. Nasty Collection agency had been softing them just waiting for an opportunity to put something on their report so that they will HAVE to pay to get it removed.

I guess my point is that you don't know exactly what happened so judge ye not. At least they come here to try to right the wrong. And it is true that *some* do come here that want a quick fix when they haven't done the right the thing. But this board is certainly not *filled* with people like that. After they read here long enough they will figure out that sometimes there isn't an easy fix, other times they find out that it is an easy fix.

Everyone comes here to learn something and if you hang around here long enough, and leave the judgement elsewhere, you too can pick up many golden nuggets and even a higher score.

Re: This Board Seems like it's Filled with People That...

Rlandon87 — Wed, 10 Oct 2012 23:05:27 GMT

My .02

1) You don't know me or anyone else personally on this forum.
2) You state that "I destroyed my credit fast" like it was something I intended to do or wanted
3) I have no intention of buying a home, car, or any other large purchase RIGHT NOW TODAY, I make a VERY comfortable living, and I'm fully aware of my financial situation.

You didnt offend me or bother me but you should be aware that you make your "Internet self" seem very uneducated and ignorant when you make generalizations and accusations with your first post. It's not a good look ;)

Btw- my parents died when I was 19 years old and dropped an amount of debt on me that was beyond my salary on top of my own obligations I also battled with serious health issues with my son for 2 years- this is the reason for my bad credit.

And I can promise you I have done my share and yours of hardwork on a daily basis to contribute to "The American way."

That is all :)

Re: This Board Seems like it's Filled with People That...

Shogun — Thu, 11 Oct 2012 03:55:05 GMT

Requesting Mod review. I see no significance of this thread continuing. Thank you

Re: This Board Seems like it's Filled with People That...

rootpooty — Thu, 11 Oct 2012 09:34:31 GMT

Op I know what you mean. But its not everybody. Your best bet if you see an impatient person is just keep scrolling. We are all helpful here but I won't tell someone what they want to hear either. Yes a lot and I mean a lot of people are impatient and think rebuilding is a quick fix and they want results now. Just ignore those people.

Now go drink a happy soda lol

Re: This Board Seems like it's Filled with People That...

KnewBee — Thu, 11 Oct 2012 10:12:54 GMT

Yes I understand both point of views. I always prided myself in having great credit, a high income, and a lot of nice things. I was even a bit of a high rolling snob right up until the economy tanked, my income dropped in half and I could no longer pay all of my bills. Now that I understand what it feels like to be treated like a second class citizen by potential landlords, potential employers, and creditors. I am a much more humble and wiser person.

When I get my credit back and I see those preapproved offers that say "Hurry, apply right now! Accept our card online! High limit! Offer expires soon!" I will think of all the negative experiences I have had recently that they don't tell you about in those offers when you take on more debt than you can manage and I will file those offers in the garbage!

Had to live both sides of it to understand both point of views.

Re: This Board Seems like it's Filled with People That...

yarbles — Thu, 11 Oct 2012 10:19:54 GMT

I think the OP seems to just assume that because someone is a new poster, that it means they must have just started trying to fix their credit.

Personally, I was approved for a mortgage back in 2008-09 but I decided to hold off because the real estate market was just way too high and there were already a ton of short sales on the market. It just didn't seem like the right time to buy and Im' sure as hell glad I waited.

I ended up holding off and lost my income the following year for about 6 months which is what screwed my credit. I had to put buying a house on the back burner as my income had changed and my credit was pretty screwed. I am in a bit of a rush to buy now, as I'm back in good shape as far as my income and the type of housing I'm trying to buy has been steadily rising the last 4 to 6 months in my area.

Re: This Board Seems like it's Filled with People That...

llecs — Thu, 11 Oct 2012 14:56:08 GMT

Friendly reminder to all to be friendly, supportive, and respectful, lest post(s) get deleted.

I'll throw out that ....YMMV. Those rebuilding aren't from the same cookie-cutter mold. Everyone is different as pointed out already. Life events happen like death in the family, divorce, job losses, disability, prolonged illnesses, corporate downsizing, etc. You might be 100% faithful in paying on time but many folks are a 30 days away from a 30-day late because of a situation like these.

Moreover, it's largely unavoidable too. Sure you can have savings, but if you loose your job, you better make sure that everything else is paid first like utilities, mortgage, food on the table, etc. before MasterCard gets used and paid. Or maybe you lose a child (God forbid). If the funeral is tomorrow at the same time Discover is due, you might not be too eager to rush a payment in, if you know what I mean. Things happen. Lates happen. And slow repair isn't the right answer. It's better to be aggressive and send letters out now than extend the pain. It's better to yank off a bandaid than it is to slowly peel it off. I'll agree that there should be several months' worth of cushion for rebuilding, but sometimes that's unavoidable. Maybe the debtor wants to do the right thing and downsize their home to make it more affordable after a job loss and needs to get a new mortgage or apply for a new residence ASAP. Slow rebuilding isn't the answer.