My Credit Story... Am I alone?

For just about anything you want to get off your chest about credit cards.
5 posts
iHackerSix
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My Credit Story... Am I alone?

Postby iHackerSix » Sun Aug 04, 2013 4:48 pm

Hello to all, first day on here so I thought I would introduce myself and share some of my experiences with credit.

I got my very first credit card when I was working 2 jobs at the age of 18 to help my mother with the bills. My father had left the home and my mother was struggling so I decided to do my part. I got my first 500.00 credit card from Chase.

Throughout my years that card grew significantly in limit to my largest limit ever of 11,500.00! I had by that time opened 2-3 other visa credit cards (1 with Bank of America, 1 with Capital One, and another Zales card). I maintained my credit well with a car loan and personal loan I paid off from time to time and my score soared to my highest point of 787 (or something in that region, maybe 780 or 790).

But like some people out there who are generally good responsible people, life throws ya a curve ball. My mother whom I'd done everything for got diagnosed with Leukemia (advanced Acute Lymphocytic Leukemia to be exact) and could no longer work to support my 2 young sisters! Then my wife, being 5 months pregnant lost her job! To make matters worse I had a doable balance on my CC's but not doable when our 2 family home went from 3 incomes to just 1, mine. So I fell behind on my credit responsibilities and my score tanked. It dropped to somewhere in the 500's before I got 3 jobs and my wife bounced back to work.

But, life's not done throwing my that curve ball so here's the 2nd inning: my mother dies from the Leukemia and I can't raise money to bury her, after all nobody would give me a loan with a 500 credit score. So I used my Chase Visa to take a cash advance and bury her properly.

Fast forward to 2008 and my wife and I have finally paid off all CC's completely! Yes! Freedom! But, I don't hold a grudge to my CC's, it wasn't there fault I lost income and didn't have a cushion big enough for my personal problems. I've dedicated my life since 2008 into rebuilding my credit and I'm happy to report my score is now 650-680 (myfico.com). I'm telling my personal story not for sympathy or to make excuses but rather to inspire anyone who may trip and fall and think there's no way to get back up... There is, and I've gotten up.

My name is Martin, aka iHackerSix on xBox and PSN if anyone wants to find me, and I'm open to advice or suggestions in this crazy world of credit :D Thank you for reading and I apologize in advance if I posted my tail in an incorrect forums section or if I depressed anyone, that wasn't my intention.


MemberSince99
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Postby MemberSince99 » Tue Aug 06, 2013 6:39 am

No you aren't alone. You really don't learn in schools here the reality of working and economics (they are too busy brainwashing you with propaganda about how the US is the sole good nation on earth and every other country are evil barbarians, and these days from what I hear terrorizing you with the new police state mentality). So you don't realize how you need to save up a cushion of money because something bad WILL happen at some point and so on, about using money wisely be it savings, or investments or what have you. I sure never learned this stuff. I believed all the lies that you go to work and work hard and you have a job you are set, I didn't realize when I entered the work force how we are all just basically disposable commodities to be utilized at the lowest possible cost by corporate America which buys our government and then to be cast aside as soon as they find a resource that is cheaper, for example. (And this while they preach how loyal you should be, makes me want to throw up in my mouth).

So no you aren't alone. I lost my job through no fault of my own, but none of my creditors cared a single bit whose fault it was they only cared about getting the $$$. Understandable, but at some point you realize you really are all alone and if bad things happen, well you are just screwed and no one really gives a damn about you. Sounds harsh but it's the truth. That's why you have to do your best to look out for YOUR interest not those of your master I mean employer who cares nothing for you, and set aside money so when they need to downsize a few victims to keep the thieves on Wall Street happy, you can tide yourself over for years while you seek a new job for increasingly lower pay.

So hang in there, we live in paradise and God's blessed nation on earth deemed by Jesus fit to rule the world as we do :) For the reich!

Midori
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Postby Midori » Tue Aug 06, 2013 8:59 am

One third of Americans are a paycheck or two away from homelessness.
10% of people making $100k or more would not be able to afford their next house payment without their next paycheck.
61% of people can't afford their current housing for longer than 5 months if they were to lose their job.
Thank you for the potent reminder.
FWIW, I have a secret fondness for those LDS homemaker sites. :oP I really admire their thrift, their economy, their ability to stockpile food for lean times so that money can go towards bills instead. It's hard to prepare after that curve has been pitched, and it's nice to have one or two less things to worry about.

MemberSince99
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Postby MemberSince99 » Tue Aug 06, 2013 9:32 am

Personally I am never allowed to forget. Got another email this morning from our boss, letting us know heads are gonna roll if we fail to properly kiss the behinds of the execs, in so many words.

I almost think it would be a favor at this point. And almost literally - I don't just mean getting fired, I mean beheaded, I'm honestly considering whether that would be preferable to the US system. I'm not sure right now it's a toss up and could go either way.

I don't personally believe in a hell, other than here, but if there is such a place, I hope our corporate execs and politicians get a warm cozy room there together.

Ok so on the bright side it's Tuesday only 3 more days after today till the weekend.....

iHackerSix
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Thanks for the feedback

Postby iHackerSix » Tue Aug 06, 2013 11:13 pm

MemberSince99 wrote:Personally I am never allowed to forget. Got another email this morning from our boss, letting us know heads are gonna roll if we fail to properly kiss the behinds of the execs, in so many words.

I almost think it would be a favor at this point. And almost literally - I don't just mean getting fired, I mean beheaded, I'm honestly considering whether that would be preferable to the US system. I'm not sure right now it's a toss up and could go either way.

I don't personally believe in a hell, other than here, but if there is such a place, I hope our corporate execs and politicians get a warm cozy room there together.

Ok so on the bright side it's Tuesday only 3 more days after today till the weekend.....


True, true but the weekend is coming and I'll attempt to forget my bills, responsibilities, and worries to enjoy a weekend full of fun with the mrs and my little guy at the zoo. Hopefully it won't rain, I've been promising him a trip to see gorilla's and giraffes!



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