jcarte29 wrote:This is my Family and I, almost word for word. My parents are living in a paid off home, with paid off cars (only one of which was financed), and when I was first off to college and my own way, I somehow thought I had finances and credit figured out, only to mess it up. My Dad bailed me out once but it wasn't a pleasant conversation LOL. I now talk to him all the time about my credit, and share my successes, and that's been really cool to get that assurance from him that I "figured it out." He is a retired CPA after all, so he used to handle million dollar budgets and books, and now I'm a Finance Manager for a Chevrolet dealership, so the easiest way for me to keep my finances straight is witness how bad one can make his/hers LOL.
All jokes aside, the combination of learning from my parents, and stumbling on my own, and climbing out of the "credit depths" (for real, my score used to be in the 4s) has set the table for the profile I have today.
Do you ever see anyone and secretly think, "wow, the LAST thing you need to be doing is financing a new car?" That's got to be a great feeling, though, to be able to dig yourself out of such a whole AND show your dad you could even teach him a few things. Have you converted him to a credit card rewards user?
I was able to convince my dad to apply for a Walmart card. He always buys gas from there using gift cards for $.03/gallon off and knew I got $.05 off with my credit card (my then-best option). I felt bad that I finally convinced him because he got denied! I don't know if he has NOTHING on his report, but the house has been paid off for years and I don't know what other credit he might have...it never occurred to me that I would have more history at 20 than he would!