Updated over 6 years ago on . Most recent reply
Newbie with bad credit
Hello,
I just joined and kind of over whelmed with the information but I have a question. I am working on my credit but it's pretty bad right now, how do I start with that hanging over me? Lorraine
Most Popular Reply
Right before I bought my first house, my credit was awful. I had two outstanding credit cards totalling $6000, that had been sent off to collection agencies for years.
Believe it or not, I got pre-approved for a very low amount. I had been paying all my bills on time for the last few years. I rented an apartment, and was paying my rent on time. I also had a steady job for a few years at that point. I had worked really hard to start re-building my life, and I didn't want to get complacent with where I was at.
I found a house that needed a lot of work, I paid off a couple debts in order to get the house. Fixed it up, worked my a$$ off. Saved money, paid off more debt, and continued to come to BP and gain knowledge. Learned how to invest in a second property. By the time I got that second property I had all my debts paid off, and a credit score of 805. Now I receive multiple card offers in the mail, they go straight to the trash!
Goodluck, work hard, and don't give up!