Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: ImpoverishedFool One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8153  
Subject: The Root of My Problem Date: 2/11/1999 9:42 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
So here's a question - how can I establish any positive credit in this situation? Here is said situation:
I am in debt about 12k to a bank for my student loans. (My father got me into this when I didn't know better.) I don't make a whole lot of dough so if my car needs new brakes, or I need new glasses, etc., the payment sometimes has to wait a week. After a few years of this and several late payments, this bank is rubbing red ink all over my credit rating. I'm doing my best here and I constantly communicate with the bank, letting them know my situation and when the check is in the mail. Occasionally, I apply for a credit card, not cuz I want to use it, but because I want to establish some credit record other than this loan. I am always rejected. Any foolish advise from all y'all out there?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement