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Do You Have Bad Credit?
by Majenica Moles
If you are like me, you have questionable, if not bad, credit. Bad credit doesn’t always come from credit cards, though. Some of us get overwhelmed with medical expenses and can’t keep up with payment. This usually ends up with multiple accounts with collection agencies, which report to the credit bureaus. And just like that, your credit is shot.
Now, don’t get me wrong, not everyone with bad credit is because of medical bills. Some get behind on payments due to job loss or some other similar reason. It happens, and sometimes it’s completely unavoidable. Once your credit tanks, it is a struggle to get it back where it needs to be. This can take months, or even years.
We’ve been battling bad credit for years, and slowly we are getting it better. We had an overwhelming amount of medical bills that we just couldn’t pay. We also had credit cards that didn’t get paid due to medical issues. We ended up filing bankruptcy, but it still left our credit in shambles. This is especially frustrating when you are trying to get a loan. There are some companies out there, though, that offer bad credit loans! This is great because it gives people a chance to prove themselves again. The down side to that, is that the interest rate will be higher. Sometimes, though, that’s a small price to pay for a second chance.
The best way to help yourself is to save money. Save money for what you need, to avoid having to get credit cards. Even if you only save a few dollars a week, it is still better than not saving at all. Start small, if you need to, with a change jar. Every time you walk by, throw any extra change that’s in your pocket into the jar. It adds up after a while!
Really, bad credit isn’t the end of the world. Yes, it makes life more difficult at times, but as long as you are working on it, it will get better. As someone who is still struggling, I can attest to the fact that it hasn’t stopped us from being able to live life. We are able to get a new car, if we wanted, but choose not to because we don’t want a car payment. We were also fortunate enough to be able to purchase a home on a land contract, rather than a bank, since our credit isn’t good enough for a mortgage loan. Just keep plugging away at it, and eventually, you will get your credit good again!
"Time spent with cats is never wasted." ~ Sigmund Freud