Quote:
Originally Posted by CaptainCrunch
The only thing that I owe is a little bit on two credit cards. I paid off everything that I can as quickly as possible.
I had credit problems when I was young and stupid and everyone was throwing credit cards and store cards at me, and I ram my self into a crater.
It takes forever to rebuild good credit after you get yourself out of that hole.
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This is exactly what happened to me in University. I got credit cards offerred to me from everywhere. I only worked during the summer, and the odd scrap job here and there during the school year, so they were maxed. I eventually got them paid off after they went to a collection agency and thought I had cleared everything. 5 years ago I head into my bank looking for a small loan to buy an engagement ring and get denied because I defaulted $42 on a credit card about 4 years earlier that they had to write off. I was never notified or anything.
Now my credit is clean but that was put over my head everytime I needed to borrow money.