getting a laptop computer with 545 rating

[lostsoul23]

I think parents should teach their kids about credit and the importance of using it wisely, and I also think money management should be taught in schools. In general, I don't think credit is a 'bad' thing, but I don't think people should rely on it. Saving to buy what you need/want is the best method, and maintaining credit should be for the purpose of 'emergencies', and building for purchasing a house. Of course, some of my views on credit came from my own mistakes.

I couldn't agree more. Out of all the things I was taught both in school and out, using credit and money management are two big ones I wish had been covered. Having to learn-as-I go has not proved to bode well.

[edwards2]

Geneco - DON'T even consider Blue Hippo for anything. I work for the BBB in Tennessee and we have received hundreds of complaints about them. They have a horrific record ala take your money and run. How they stay in business is beyond me. As for me unless I desperately needed a laptop asap I would wait until I had the money. Right before Christmas Walmart and Circuit City were advertising one that sold for less than $500. I dont know how good it was but it generated a lot of response. People were in line at 2 am to buy one. My nephew and son, both computer gurus, said they wondered how good the laptop could be at that price. I guess it depends on what you use it for. Again, we have all learned the brutal lessons of BK and one is you need to wait to rebuild your credit. We were able to get an Orchard and Target card and pay them both in total every month. Of course our limit is low(needs to be for me) but it is still reported to the credit reporting agencies. However, I am a little surprised Wells Fargo wont because a friend of mine refinanced her house with them and they had a foreclosure, late pays, judgement, etc. on their credit report. Could be that the house being the collateral tip the scales.

[HopeinHorizon]

Edwards- It is also possible that Wells Fargo refinanced your friends loan by streamlining it. There are some FHA programs that will streamline with no new credit check to existing loans, so she/he might have went with that type of mortgage product to lower the interest rate. As long as there isn't any cash out, there are a few programs off the top of my head that you don't need to credit qualify for...

[Kam]

By Law, I believe you have to be at least 18 years of age to apply and receive a credit card in your own name. I know that's the case for my oldest daughter. Oh sure, she received credit card offers when she was 16, but if you look at the fine print it says you have to be at least 18 years of age. She tried once, online, to get a credit card. Recently, a week before her 18th birthday, she tried to get a credit card from Cap1. She inputed her SSN and birthdate and the application was rejected because she was not old enough.

MikeDZ4, your attitude implies that you are *owed* or deserve credit. No one is *owed* anything when it comes to credit. Having credit is not covered under the Bill of Rights, federal laws or state laws (did I cover everything?). You have been through a bankruptcy (at a very early age I might add) and are in the same boat as the rest of us. You have to rebuild your credit.

Now, you can jump right into heavy debt, gambling on the fact that you are going to have a $65K + job after you graduate. You commented you hope the bottom doesn't fall out of your area of expertise, so you are acknowledging that there are risks associated with your field of study. You are gambling on a job in a volatile market.

Or, you can take the advice offered here. Find a less expensive lap top. Find a less expensive car. Take the money that you are saving by living with your parents (rent, utilities) and put them into a savings. You are wanting us to give you a magical bank or credit card company that will wine and dine you. Sorry, we don't have access to those kind of places, not at this particular stage in our life.

Follow the advice: rebuild your credit, clean up your credit report, and save.

[BassBoy]

......You commented you hope the bottom doesn't fall out of your area of expertise, so you are acknowledging that there are risks associated with your field of study. You are gambling on a job in a volatile market.

Kam, good point here. I have a friend who is persuing a career as an IT professional. He has been out of work for 14 weeks now (being lazy and banking on his new career) and he has fallen behind on his mortgage and his auto loan and is being contacted everyday. I said it before, don't count your chickens before they hatch.

Or, you can take the advice offered here. Find a less expensive lap top. Find a less expensive car. Take the money that you are saving by living with your parents (rent, utilities) and put them into a savings. You are wanting us to give you a magical bank or credit card company that will wine and dine you. Sorry, we don't have access to those kind of places, not at this particular stage in our life.

Follow the advice: rebuild your credit, clean up your credit report, and save.

I don't how much more we can say this. Everyone has said the same thing to you. No offense MikeDz, but I don't think you're getting it. None of us have the cure, nor do we know of who can be the one CCC or lender that will give us credit. If we did, none of us would be in this situation in the first place.

[robivi3]

This is a wierd thread. Bottom line, you can't do it. Hate to sound like Lightning but you are asking folks to front you credit when you BK'd on them. This sounds like to much instant gratification. It will take a long time to rebuild. And please, no shooting the messenger, just stating the absolute OBVIOUS, venting on me won't resolve your problem, I BK'd and i wouldn't loan me a dime!!!!!!!!!!!

[HRx]

Well is seems as though this thread has been hashed out to the max! lol Mike has recieved a plethora of feedback regarding his question. Therefore, this thread can not rest in peace, before it turns into thread soley to chastise a person for making a "bad" decision.

[edwards2]

Hope - thanks for the feedback but actually they did get money out. They had a lot of equity in their house. The stipulation was, however, that they had to pay off several bills. Let me also add this friend nor her husband are the poster children for financial logic. She will hold onto something thinking it will pay off if she waits and then she either gets nothing or takes a financial hit; i.e., land she could have sold but she waited because she wanted a lot more money and now the original buyer doesnt want it at all. They are paying a dear price for the refinancing, however, but they were lucky someone will even finance them at all.

[bkfiler]

final answer: its a fake thread by you know who. its obvious.

its too bright in here. we need less lighting. far less.

time to turn off the lights.

click.

[Kam]

Yah, well he's over at creditboards.com posting the same questions. Now he's wanting to buy engagement rings. Staci told him to look at crown jewelers, but I guess CJ is not good enough for his tastes.

Lock this thread?

[StaciMM]

In my defense, LOL, I answered his question-that is all. (Question was what is the easy jewelry tradeline...) I did point out that it is only an easy tradeline because to buy something, you put down 1/3+ before they ship your item.

Yah, well he's over at creditboards.com posting the same questions. Now he's wanting to buy engagement rings. Staci told him to look at crown jewelers, but I guess CJ is not good enough for his tastes.

Lock this thread?

[HRx]

Good luck Mike!!!