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Subject: "whats the biggest fuck up you've ever done to wreck your credit?" Previous topic | Next topic
double negative
Member since Dec 14th 2007
21444 posts
Thu Jun-18-15 03:12 PM

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"whats the biggest fuck up you've ever done to wreck your credit?"


  

          

I'm rebuilding/building my credit up

I've never ever ever had a credit card because I see it as something to be afraid of. I see no good in it.

oh, I have a fuckload of student debt and this is why I have made sure to avoid credit cards

but

the world runs on credit and bullshit so I gotta build now.

I'm sure I'm not going to spend it on Nikes, iPads or an iced out wrist, but, I'm still worried. Worrying is allowed.

Its a game and a LOT of people just lose at it.



That said (while I'm reading up on this and researching) to ease my mind, I'm curious what crazy fuck ups some of you all went through while you were young, dumb and armed with a fresh credit card.



















yes, I read the fool, mr money, r/personalfinance

still.

still.

still.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Topic Outline
Subject Author Message Date ID
I've seldom used mine until recently
Jun 18th 2015
1
Took My Wife's Student Debt
Jun 18th 2015
2
went to an HBCU and got credit cards b/c off the free tshirt offer.
Jun 18th 2015
3
I did that but them 7 years are up.
Jun 18th 2015
4
this was me
Jun 18th 2015
6
Oh I'm far removed from that as well....more like 15 yrs ago but yet
Jun 18th 2015
8
mine are up this month!
Jun 18th 2015
13
I got that MBNA with the t shirt, I was 20
Jun 18th 2015
18
same here. tshirts/cups etc. they should definitely change that.
Jun 19th 2015
29
I paid a state tax bill too late. NY Issued a warrant. I was heated be...
Jun 18th 2015
5
thats how georgia is, they put that tax lien on with the quickness
Jun 19th 2015
27
Buying from a shady auto dealer
Jun 18th 2015
7
iPods. I reupped every time back in the day.
Jun 18th 2015
9
wait....how? its just an ipod...
Jun 18th 2015
10
went to college.
Jun 18th 2015
11
10 cards? lordy lordy. thats rapper big!
Jun 18th 2015
14
I've never thought of it as anything but money out of my pocket...
Jun 18th 2015
12
how do you keep track of your spending?
Jun 18th 2015
16
RE: how do you keep track of your spending?
Jun 18th 2015
19
my old boss schooled me on this...
Jun 18th 2015
24
Tie between college and having a drug addict for a mother.
Jun 18th 2015
15
If you want to build your credit then get a credit card
Jun 18th 2015
17
good info
Jun 18th 2015
23
i bought a movie ticket with credit card i never used, then forgot it
Jun 18th 2015
20
Got a checking account with a girl from south bay (Fremont)
Jun 18th 2015
21
first, deposited one of those we will put
Jun 18th 2015
22
Stopped reading statements and assumed the minimum going out was enough.
Jun 19th 2015
25
Nothing *knock wood*
Jun 19th 2015
26
Credit card from Reeds Jewelers when I turned 18 and got a gold chain.
Jun 19th 2015
28
RE: whats the biggest fuck up you've ever done to wreck your credit?
Jun 19th 2015
30
Is it true that you can dispute and item on your credit and then when
Jun 24th 2015
31
intentionally? charging up cards & not paying them on time
Jun 24th 2015
32

sectachrome86
Member since Dec 22nd 2007
2578 posts
Thu Jun-18-15 03:20 PM

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1. "I've seldom used mine until recently"
In response to Reply # 0


          

and I only use a CC all the time now because I get airline miles.

It's always seemed like a trap to me and I've preferred to just use my debit card. When I do use my CC, I don't spend more money than I have, and I pay it off in full every month. I'm fortunate to be able to do that, but I've never thought "Fuck it, I'm gonna buy this thing anyway. Ill pay for it eventually."

-------------------------------------------------
http://www.soundcloud.com/sectachrome

  

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RexLongfellow
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18294 posts
Thu Jun-18-15 03:22 PM

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2. "Took My Wife's Student Debt"
In response to Reply # 0


  

          

Now it's on me, and it's a shitload

I had little debt and solid credit. Now my credit is shit.

Add some of her medical bills on top of that and you got a nice gumbo

This is one of the reasons she knows I love her ass!

  

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Fishgrease
Member since Feb 13th 2006
34433 posts
Thu Jun-18-15 03:27 PM

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3. "went to an HBCU and got credit cards b/c off the free tshirt offer. "
In response to Reply # 0
Thu Jun-18-15 03:29 PM by Fishgrease

  

          

PHUCK colleges and universities that allow these predators onto their campuses.

---------------------------------------
blog: www.wonderfullyhorrible.blogspot.com
instagram: Fishgrease
twitter: wooly_caesar
Podcast www.soundcloud.com/circlegang

  

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Buddy_Gilapagos
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45425 posts
Thu Jun-18-15 03:30 PM

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4. "I did that but them 7 years are up. "
In response to Reply # 3


  

          


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson


"One of the most important things in life is what Judge Learned Hand described as 'that ever-gnawing inner doubt as to whether you're

  

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John Forte
Member since Feb 22nd 2013
15304 posts
Thu Jun-18-15 03:33 PM

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6. "this was me"
In response to Reply # 4


          

  

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Fishgrease
Member since Feb 13th 2006
34433 posts
Thu Jun-18-15 03:44 PM

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8. "Oh I'm far removed from that as well....more like 15 yrs ago but yet"
In response to Reply # 4


  

          

and still at the time it phucked my credit up really bad.


---------------------------------------
blog: www.wonderfullyhorrible.blogspot.com
instagram: Fishgrease
twitter: wooly_caesar
Podcast www.soundcloud.com/circlegang

  

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labcoat
Member since Jun 15th 2006
14581 posts
Thu Jun-18-15 03:58 PM

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13. "mine are up this month!"
In response to Reply # 4


          

woohoo!!!!!!!!!!!!!!!!!!!!

--------------
Daren, I'll never forget you
http://www.fayemurman.com/extras/magee/daren/

  

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j.
Member since Feb 24th 2009
3819 posts
Thu Jun-18-15 05:33 PM

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18. "I got that MBNA with the t shirt, I was 20"
In response to Reply # 4


  

          

with a 2 grand limit so of course I thought free money!
I traveled to SD and LA, those two trips took me years to pay back

all that shit been off my report, at my most fucked up I had a 530 FICO score.

  

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earthseed
Member since Feb 26th 2004
26989 posts
Fri Jun-19-15 09:33 AM

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29. "same here. tshirts/cups etc. they should definitely change that."
In response to Reply # 3


  

          

now go runtelldat, ho.

  

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Buddy_Gilapagos
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Thu Jun-18-15 03:31 PM

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5. "I paid a state tax bill too late. NY Issued a warrant. I was heated be..."
In response to Reply # 0


  

          

we were disputing the liability and they gave no notice before issuing the warrant.


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson


"One of the most important things in life is what Judge Learned Hand described as 'that ever-gnawing inner doubt as to whether you're

  

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blkprinceMD05
Member since Nov 29th 2004
41102 posts
Fri Jun-19-15 07:17 AM

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27. "thats how georgia is, they put that tax lien on with the quickness"
In response to Reply # 5


  

          

i was hot it was like barely a year after i had the tax owed. its resolved and removed now but i was like dang yall just go from not paying to fucking up folks credit in like less than a year

prototype

stand ur ground, believe in urself,
believe in love, prepare urself for love, remove the negativity from ur life, and accept the love u kno u deserve

  

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Tw3nty
Member since Jan 02nd 2007
8425 posts
Thu Jun-18-15 03:40 PM

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7. "Buying from a shady auto dealer"
In response to Reply # 0


  

          

bought a car knowing I had bad credit, could consistently pay the high note.

++++++++++++++++++++++++++++++++++++++

  

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jetblack
Member since Nov 14th 2004
44555 posts
Thu Jun-18-15 03:47 PM

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9. "iPods. I reupped every time back in the day."
In response to Reply # 0


  

          

Killed my FICO.

I have great credit now.

---
http://www.facebook.com/kuroverse
http://www.youtube.com/user/thespikespeigel
@kuroverse
PSN: Jetblack
---
Stay +.
Lone ABQ OKP. I am the danger.
---

  

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double negative
Member since Dec 14th 2007
21444 posts
Thu Jun-18-15 03:50 PM

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10. "wait....how? its just an ipod..."
In response to Reply # 9


  

          

oh, wait, thats right ipods were like 350 and up back in the day

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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tariqhu
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Thu Jun-18-15 03:55 PM

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11. "went to college."
In response to Reply # 0


          

had a gang of cards, like 10.

never late though. consolidated them onto one later on and now that one will be paid in 3 years.

Y'all buy those labels, I was born supreme

  

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double negative
Member since Dec 14th 2007
21444 posts
Thu Jun-18-15 04:02 PM

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14. "10 cards? lordy lordy. thats rapper big!"
In response to Reply # 11


  

          

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Wonderl33t
Member since Jul 11th 2002
21405 posts
Thu Jun-18-15 03:56 PM

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12. "I've never thought of it as anything but money out of my pocket..."
In response to Reply # 0


  

          

I pay almost everything with my CC including my rent (yeee Amazon points) and I pay it every month, never carrying a balance (so no interest ever). But I keep track of what I spend and I know what my usual monthly budget is. So it actually helps my spending habits because I see a hard number at the end of the month telling me what I spent.

It's actually bad to never have credit. The more credit you have and use, the better your credit rating will be. I request increases on my CC limits (I have two CCs) every couple of years and I get a couple thousand bump every time. I don't know what my FICO score is, but I think it's good.

http://i.imgur.com/81XSukd.jpg <-- Happy trails

  

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double negative
Member since Dec 14th 2007
21444 posts
Thu Jun-18-15 04:42 PM

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16. "how do you keep track of your spending?"
In response to Reply # 12


  

          

mint?

spreadsheet?

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Wonderl33t
Member since Jul 11th 2002
21405 posts
Thu Jun-18-15 05:37 PM

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19. "RE: how do you keep track of your spending?"
In response to Reply # 16


  

          

I log in to my CC web site about once a week or so and review the charges. I'm on a computer all day at work so it's easy to log in and check regularly.

>mint?
>
>spreadsheet?
>
>


______________________________
http://i.imgur.com/81XSukd.jpg <-- Happy trails

  

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Dstl1
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Thu Jun-18-15 07:49 PM

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24. "my old boss schooled me on this..."
In response to Reply # 12


          

he used his Discover (I'm sure a pretty hefty limit, considering he was a independent business owner) for EVERYTHING. He said he used it for everything humanly possible...and then paid it off in full at the end of the month before interest was charged. he said keep your cash in the bank to earn interest as long as possible, use the card, then pay it off before you have to pay in interest on your purchases.

...cleaned up my act, made a few violent songs...but, they wack like Glen Rice with New Balance on - Sean Price

  

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CaptNish
Member since Mar 09th 2004
14464 posts
Thu Jun-18-15 04:34 PM

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15. "Tie between college and having a drug addict for a mother."
In response to Reply # 0


  

          

(btw, this isn't me speaking ill of her. Just facts)

_
http://www.yothatsmyjawn.com
http://soundcloud.com/nate-3-0
http://wickedawesomebookcovers.tumblr.com

  

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Actuals
Member since May 15th 2009
434 posts
Thu Jun-18-15 05:12 PM

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17. "If you want to build your credit then get a credit card"
In response to Reply # 0


          

Its the quickest way to build up your credit score. You can get one of those secured lines of credit where your credit limit is based on your deposit, say like $200. Capital One has a good one. Keep your balance under 20% of your credit limit and pay all your bills on time. If you follow this formula and you don't have any charge offs or collections, you'll have excellent credit. Also don't apply for any credit that you don't need, i.e. department store charge cards and things like that.

  

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Dstl1
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Thu Jun-18-15 07:45 PM

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23. "good info"
In response to Reply # 17


          

.

...cleaned up my act, made a few violent songs...but, they wack like Glen Rice with New Balance on - Sean Price

  

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Stevie Lee
Member since Aug 17th 2008
1156 posts
Thu Jun-18-15 07:24 PM

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20. "i bought a movie ticket with credit card i never used, then forgot it"
In response to Reply # 0


  

          

then I ignored the capital one letters figuring they were junk. I don't even know why I had that card in my wallet.

$150 to see a movie. I don't even remember what movie, but it sure as fuck wasn't worth the "serious delinquency" bullet point on my credit report.

  

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Castro
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48988 posts
Thu Jun-18-15 07:29 PM

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21. "Got a checking account with a girl from south bay (Fremont)"
In response to Reply # 0


  

          

------------------
One Hundred.

  

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sosumi
Member since May 30th 2012
810 posts
Thu Jun-18-15 07:45 PM

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22. "first, deposited one of those we will put"
In response to Reply # 0


  

          

$2000 in your account today! checks sent to jobless college students
which wanted to be paid back $100 a month
mom was like deposit it and give me $500
ghost when the payments came due… eventual judgement

second, found out a high school friend used my info on a utility bill
they let go unpaid and I did not name names when trying to contest
it on my credit report… but 7 years like stated above

  

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TheAlbionist
Member since Jul 04th 2011
3306 posts
Fri Jun-19-15 03:30 AM

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25. "Stopped reading statements and assumed the minimum going out was enough."
In response to Reply # 0
Fri Jun-19-15 03:30 AM by TheAlbionist

  

          

Had a 5 year period in my 20s where I really couldn't be fucked with admin and figured since all my Direct Debits were set up, I didn't even need to open statements. Had a little balance, but was just servicing it with the minimum.

At some point during the credit crisis Barclays decided I wasn't worthy of my limit anymore so reduced it to BELOW what I already owed. Spent the best part of 18 months over my limit and still only paying the minimum due.

I reckon that must've fucked me up a bit, but managed to get through checks for a mortgage recently so I guess I've sorted it out since. Until the mortgage kicks in I'm debt free right now. Feels good.

_______________________________

))<>((
forever.

  

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DaHeathenOne76
Member since May 11th 2003
29357 posts
Fri Jun-19-15 06:38 AM

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26. "Nothing *knock wood*"
In response to Reply # 0


          

My oldest sister effed up so badly, I still am scared to pull the trigger on stuff.

She declared bankruptcy at age 24 College credit card shams she had 15 and only a work study WHILE at HAMPTON. $MH
*****************************************
. . . If I have something to say when there is a reason involved, I am perfectly willing to talk. Katherine Hepburn

  

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DavidHasselhoff
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Fri Jun-19-15 09:05 AM

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28. "Credit card from Reeds Jewelers when I turned 18 and got a gold chain."
In response to Reply # 0


          

Made like 4 payments on the thing then started slipping. It was a nice ass chain tho. I think I took it off once in the 5 years I owned it.

  

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TR808
Member since Oct 24th 2012
1963 posts
Fri Jun-19-15 09:52 AM

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30. "RE: whats the biggest fuck up you've ever done to wreck your credit?"
In response to Reply # 0


  

          

I went into a mall and bought everything that had a polo logo on it. I think I spent almost 3 grand ... and then never paid the bill


I went to the store one day and the lady actually was told by the credit card company to take my card and cut it up in front of me..

that was the worst...


You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.

  

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Buddy_Gilapagos
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Wed Jun-24-15 08:52 AM

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31. "Is it true that you can dispute and item on your credit and then when "
In response to Reply # 0


  

          

someone immediately checks your credit while it's in dispute that item won't show up on your credit?


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson


"One of the most important things in life is what Judge Learned Hand described as 'that ever-gnawing inner doubt as to whether you're

  

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StephBMore
Member since Sep 11th 2014
1373 posts
Wed Jun-24-15 09:07 AM

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32. "intentionally? charging up cards & not paying them on time"
In response to Reply # 0


  

          

unintentionally? getting my car repossed when i didn't have the money to pay for it because I was laid off...and i chose eating over the car. Mind you, i TRIED hard with the bank to work out a plan but they was like "nah ask your parents for the money" and i got pissed and said "my parents are dead. why would you say that to me" and cried and they apologized and never called back. still took my car tho.

  

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