75 People Helped
Member Since: December 2013
A friend of a friend in a business where she has access to credit scores looked mine up for me a few months ago. According to the big 3, my average score is almost 100 points higher than CK is reflecting. But, with all the tools and assistance CK offers, it's most certainly worth it to be a member!
MzJan's reply was:
I was finally at top pay as a Feeder Driver (Tractor/Trailer) for UPS. FINALLY, I had a life plan! My credit was really good, had $10,000-$20,000 CL on CC's. Created a Debt Reduction Plan for myself. Made accelerated payments to all CC's (5), once I had that task taken care of, I was going to spend only $35,000 of my yearly income and save the other $35,000 for the down payment on a house. I would finally be a homeowner again! I was a woman in my 40's and wanted to start my updated American Dream! Well, as the saying goes, if you want to make God laugh, tell Him your plans. I was injured on the job, could no longer work and EVERYTHING fell apart. :-( The WC checks I was receiving now had me making in a month, what I used to make in a week. Mentally, I have NO words to explain how devastated I was. Work was my sense of purpose. Taken from me, who the hell was I now? Eleven years later, I'm STILL battling that one, but I digress...Things went downhill quickly, and I really had no options left but to file bankruptcy. :-( Have been on SSD since. Now I make $16,000 per year and honestly, it's difficult. I didn't care what my credit score was anymore, didn't have any credit, and had no intentions of doing anything about it. About 5 months ago, I was sent an application for a CC, I figured WTH, if nothing else, they would be humored by my new income and audacity to apply. I was approved for $1,000, and was pleasantly surprised to see my credit score was now in the 600+ range. I'm considering adding this Cap One Quicksilver CC, but am apprehensive when having to pay an annual fee (This other CC does not require one). However, the thought of using this Cap One card (if approved) to pay off the balance on the other card, does sound tempting. LOL The other CC gave me 6 months of 0% interest which will be up in February. With the Cap One, I could transfer the $800 balance (HAD to have new tires on my truck and they were the least inexpensive I could find!) and have a longer period of time to get the balance paid off. So, I guess my question would be two-fold: 1. Would this be a wise option on my part? 2. I have never understood, is it better score-wise to have a balance on CC's or to have them but pay the balance off every month? Thanks for reading...
Wow, what a bummer. :-( Due to the mental, emotional and physical agony I was in at the time of my injury, I thought that I'd filed for bankruptcy 11 years ago. Signed up for CK today and find I filed only 7 years ago. Ah well, almost there!
MzJan's response was: