@Anonymous wrote:
I have a friend that has two bankruptcys in the early 2000's (fico score is in the low 400's). She is down and feels that she cannot ever get to the point of being able to get financed for anything. She seems not to want to try to improve her credit because it seems too hard of an uphill battle. I told her about this forum. She did look at several posts but she feels that her situation is much worse than any she has seen. Can anyone tell us their story on this thread or link one to us? Especially if you had more than one bankruptcy or if your score was at one time in the lower 400's. I will make her look at this thread later today.
I had a bankruptcy once, but it has now since deleted from my credit file.
Although it may be a bad thing, I used it to my advantage. I needed a new car and I went to my trustee and got a letter stating how much I could afford. I went to the dealership and gave them a letter stating I needed a car and this is what I could afford, no haggling.
they got me in a vehicle with a warranty for the amt on the letter.
I think my credit score at that time was like 430 or something like that. Didn't even qualify for a home. Now I am in my second home.
Long story short, although the situation may seem hopeless, dont focus on the negative (even though that may be all you can see), try and take advantage of what positives you can. Eventually you will get out of your slump. Unfortunately these things take time and patience.
Peace
