@Bman70 wrote:But seriously, with this approach to credit lines you are inviting a future bankruptcy when it all catches up. Then you'll have 10 years of recovery to look forward to. Do you really want that? Right now your recovery is pretty easy, with only about $3k in balances. If you begin to pay those off, put all your extra money toward it for a year or so, you'll be able to reap the rewards in a year. So in a few years you can have a nice FICO and some fat credit lines, or else be spiraling out of control closer to bankruptcy. You get to decide, but it will affect the rest of your life.. so put some thought into it. Ok lecture concluded
Assuming we're not getting trolled (which IMHO is a big assumption!), I don't think OP has anything to worry about. No legitimate bank/card company is going to grant him/her credit at this time...period. Just the 60 day late alone knocks him out of the box with most lenders. So OP can either:
a). pay down his/her debts, quickly.
b). get used to not having access to credit for a LONG time.
If you are for real OP, I hope you heed Bman and others' really solid advice.
@Bman70 wrote:But seriously, with this approach to credit lines you are inviting a future bankruptcy when it all catches up. Then you'll have 10 years of recovery to look forward to. Do you really want that? Right now your recovery is pretty easy, with only about $3k in balances. If you begin to pay those off, put all your extra money toward it for a year or so, you'll be able to reap the rewards in a year. So in a few years you can have a nice FICO and some fat credit lines, or else be spiraling out of control closer to bankruptcy. You get to decide, but it will affect the rest of your life.. so put some thought into it. Ok lecture concluded
+1000
@Dw4250 wrote:
@Bman70 wrote:But seriously, with this approach to credit lines you are inviting a future bankruptcy when it all catches up. Then you'll have 10 years of recovery to look forward to. Do you really want that? Right now your recovery is pretty easy, with only about $3k in balances. If you begin to pay those off, put all your extra money toward it for a year or so, you'll be able to reap the rewards in a year. So in a few years you can have a nice FICO and some fat credit lines, or else be spiraling out of control closer to bankruptcy. You get to decide, but it will affect the rest of your life.. so put some thought into it. Ok lecture concluded
Assuming we're not getting trolled (which IMHO is a big assumption!), I don't think OP has anything to worry about. No legitimate bank/card company is going to grant him/her credit at this time...period. Just the 60 day late alone knocks him out of the box with most lenders. So OP can either:
a). pay down his/her debts, quickly.
b). get used to not having access to credit for a LONG time.
If you are for real OP, I hope you heed Bman and others' really solid advice.
If it's trolling, it's a masterpiece. Perfect from "quandry" to "advise." Sigh. So beautiful
@Dw4250 wrote:Assuming we're not getting trolled (which IMHO is a big assumption!), I don't think OP has anything to worry about. No legitimate bank/card company is going to grant him/her credit at this time...period. Just the 60 day late alone knocks him out of the box with most lenders.
I was just gonna say I was amazed at how many people took the bait... the 60 day late comment is what gave it away in addition to it being the OP's 1st post.
I mean c'mon people... obvious troll is obvious.
Is this April Fools? Credit doesn't work like that... once maxed you get a new one... no sorry, pay them down and stop using them.
Would that kind of be like, "I can't be overdrawn, I still have some checks left!" 