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
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.