Priorities...
... when you're 6 months pregnant and get laid off due to the economy's affect on the 6 businesses you manage
... when it takes 6 months to get unemployment started because California is a disaster zone for anything financial
... when you have to decide between feeding yourself and your 8 yr old, paying the rent, paying the utilities, and paying the credit cards.
.... rent and utilities took the entire $1500/mo unemployment and I couldn't get out of the lease. Thank God for food stamps and Medi-Cal at the time.
Even now, when I'm working a full time job again... shelter, food, and transportation are the top 3 priorities. Until they're paid, nothing else gets paid.
Life was easier at $50k per year... If I hadn't been laid off for 1.5 yrs and had to figure out how to survive on a very tight budget I'd never be able to make it on my $29k salary now.
Starting Score: 03/31/2012 - FICO EX 599 (auto loan pull) EQ 593 TU 602)
Mine all happened in 2010 ... great job, never late, etc then BAM ... company closed down (2009) immediately after signing a new lease and a new car. I had savings to tie me over for about 9 months. Unfortunately, it took 18 months to land a new job. Ugh Fortunately, I was able to turn in the car although I paid a bit to balance the loan for payoff. After, they (my little CU) deleted the tradeline ... never even knew what that meant until recently. Spent the last that I had and sucked up a bit of debt but moved from the East coast to the West coast and am now getting back on track. That ... was ... rough. But I'm single / no children so I could only imagine how stressful that type of situation is.
Thank goodness for GWs!
drkaje wrote:
BigDaddy18 wrote:Good Point and I'm not saying that this is the case all the time but I would have to put a high percentage of divorce default on the man! Not always but most of the time!
It was just stupidity. Was trying to keep work stuff together, forgot to do a change of address, and really didn't think their calling to be paid over the phone was a huge deal, LOL! Wasn't really credit-educated and would have never let a payment go late knowing it would hang out 7 years. One last late payment falls off in a few days and all three reports will be perfect.
Most of the guys I've met were financially better off divorced. My Ex is still messing up her finances. Not having to deal with it is a relief.
I agree with you there, I'm 100% better off. Yes my practice wife also has no idea and has several issues with finances, of course it's always my fault, and I've been divorced for like 5 years haha!!!
Starting Score: EQ FICO 777
My ex husband cleaned out our joint account. He had maxed out all the cards without me knowing. They were in my name. I was in grad school. It took 3 months of therapy. And some meds before I could get back on my feet. Nothing got paid for.those three months. Luckily I was able to call creditors and get payments in after i got a new job. Nothing was charged off. I called their csrs and basically begged for them to remove lates. They actually did and this was in 2006. Gw letters weren't really around then.
Starting Score: 08/29/2011 TU 671 EQ 674Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!
Take the myFICO Fitness Challenge
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
