I have heard you shouldn't file for bankruptcy when you are unemployed, but I don't remember the reasoning behind that recommendation. As for being out of work, my mother always used to say, "If you're out of work, you should be spending 40-hours per week looking for work."
Obviously...
shipo
Moderator
Last Activity: Yesterday, 11:47 PM
Joined: 02-23-2020
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Assuming NFCU works the same way PenFed does, once you open the SSL and pay it down to $250 you'll have about $2,750 for the secured credit card, so no need to wait. The VentureOne card is a good start, getting NFCU's nRewards card is a great second step; I honestly wouldn't bother with any of the... -
Dear Shipo: I finally have $3,000 put together (I got a paying consulting client last month here) and am ready to do the SSL for, if I am right, $3,001. I still have the nice guy's name who said that when I am ready to send him an email, he can set it up w/o a credit pull. The advice is to pay it... -
One thing to keep in mind regarding scores, Credit Karma, Wallet Hub, et-al. do not provide FICO scores and as such are irrelevant when it comes to obtaining new credit. The only true FICO score available which is generally free is the FICO 8 score from Experian.
Clay3007, use that CapOne...Leave a comment:
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Don't beat yourself up, fact of life, life happens. I think if you ask everyone here who filed a Chapter 13, myself included, we would all say, "I wish I'd filed sooner." It takes a few years, but there is life and financial stability after bankruptcy, you just need to stay positive. :...Leave a comment:
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As a general rule, no. Why do you ask?Leave a comment:
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Almost by definition Chapter 13's aren't meant to be a cake walk; those of us who've been in them have had various challenges getting through the five years.Leave a comment:
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Three years into mine I needed a new(er) car, it was a stretch but I managed to scrape enough pennies together to pay cash for the an 11 year old car with 114,000 miles on it; that car lasted nearly three years past my discharge.
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Carmella, I have never heard of any benefit to keeping 11% reporting, so I think whom so ever offered that advice is to be considered highly suspect. As for paying before any interest is charged, there are two ways to approach this:- Pay the full balance (with the exception of one small balance, say
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While I'm not trying to sell you on a different plan, there is one benefit of credit cards which you will be missing out on with your approach; rewards.
I've been tracking my rewards since my Chapter 13 discharge back in early 2020 and in the last nearly 5 years I've earned over $5,000...Leave a comment:
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