What Next?

[rc1078]

Ok...So I have been skating through life with bad credit, not saving money, pulling money from a 401k to go on vacations etc.  All that stops now, or has been stopped the last year or so.

I hate feeling broke, and not being apply for credit and get approved!

The last year has been great and I am making progress.  I met someone who I would like to marry one day but I need to have this stuff all straightened out before I drag someone else into it.

Heres what I got.

I am living check to check right now and trying to pay things off.  By things I pick an account and try for a PFD.  If they don't accept I at least settle with them and then try GW'ing them.  I have rasied my scores from 400's to the 600's in about a year or so.  See my signature for more accurate dates.  I have recently been graduated by WF for an unsecured card!  I never thought that could happen.  Eventually I would like to purchase a ring and a house. 

Should I, start to build up a savings account to have as a back up, so I don't fall into a rut?  Should I keep over extending myself to pay these baddies off?

I am in garden mode for at least a year or more.  I have a lot of Inq's.

What should be my next plan of attack.  I have 2 medicals, both total about 800.  I have a few collections, 1 is from LHR and they are being stubborn, and 1 from Midland, you know how they are.  I also have a repo that is from Aug of 2010.  The SOL in my state is 7 years.  The amount that I "owe" after the sale is almost 8k and I am scared to even contact them.  Its Americredit/GM Financial.

Thoughts?

[TrishN]

I just offer LHR to pay 40% to delete it out my credit report.and they did accepted my letter. Good luck.

[annielorie]

Yes on savings as a backup you should try to put away at least 2 months total expenses for a proper emergency fund.  But dont overextend yourself or u will wind up paying other things late slow n steady wins the race. marathon not a sprint.  Also have you thought of an extra job on weekends to bring in some much needed extra cash, or maybe u have some stuff u could sell on craigslist.  Think out of the box and you eventually will be out of the box!! Good luck keep us posted. 

[rc1078]

Thank you both for the replies.  What do you think about the repo?  Should I just let it sit?  Should I try to make a payment arrangement?  What should I do?

[annielorie]

if u cant afford to pay in full right now leave it alone, if however you get served show up to court and then make an arrangement that u can satisfy. For right now if I was you Id concentrate on the rest . What is your credit profile lattes derogs cc that are in good standing?

[rc1078]

I have a WF CC Secured that is graduating this week supposedly.  1k line.  I have a US Bank Secured card 300, and I have a Student Loan that is paid on time for the last 10 years.

2 accounts from Capital one closed, at my request with no late payments.

That is really it.  I have never managed my credit well until the last year or so.  I was an idiot and I am paying for these mistakes now. 

[annielorie]

Check out the Hippa process re medical bills on this site I personally dont know much about it others can help get those two deleted from reports phone email letter be diligent these next few weeks get those done then deal with the repo if you are able to do so  It took a while to mess things up like us all and it will take a while to fix stay steady it will come

[Shogun]

Try to PFD the small ones, put money back for the big ones, be ready in case you get taken to court.