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I HATE that I screwed up my credit so much. My account with CitiBank has been in collections for over a year, apparently, and I would owe them $1600 at this point.

Talked to the collections people a few days ago, they said I would only have to pay 1,003 if I paid in the next few days. I said I'd talk to my parents.

Talked to parents. Unwilling to lend me the money (which I would pay them back, instead of the insane interest) which makes sense, considering that I was the one who screwed up my credit, and it wasn't their fault.

Talked to collections again. They are willing to let me pay two lump sums of $502 within 2 months. This is doubly nice because my interest is compounded quarterly, and by doing it in two lumps instad of the $390 for 3 months that was also offered to me, I don't have to pay extra interest.

This still really sucks. Charging $600 two years ago = huge mistake. I guess I was a normal case, though. Kid turns 18, gets a card, screws up their credit. I just wish it didn't have to backfire.

I feel like I'm sinking lower and lower in the credit world. I want to have a bank account again-- I wish I had known that leaving it negative for 60 days while using Rob's account would forceclose my account. Now its all in the rough, because even though I signed the back of my KForce check, it was rejected by Bank of America, and is now being sent back to me. I want to have my credit card paid off. I want to have good credit so I don't have to worry about things like this! While I'm at it, I want to have millions of dollars so I don't have to charge things, and I don't have to work, and Rob and I can go camping, frolicking, and travelling, and ...

Back to reality. Today was spent entirely too much on the phone with different places where I hold or hope to hold accounts. Too much talk about money and credit. I think I'm going to read the beginning of Handmaid's tale, finish getting dressed, pick up Rob from work, and cry for awhile. And then probably make dinner.

I hate complications!!! I realize that things being complicated is what makes life worth living, but sometimes I wish everything were simpler. People talk about the good old days with respect and admiration, and I often scoff at those people, realizing that the good old days were also filled with corrupt justice systems, lack of respect for women, ignorance, and racism. I'm not saying that at this point I would trade my life now, for anything, but imagine a life where everyone pitched in, and you couldn't spend money that you didn't have, and money was no object. You wanted a house, you built it. No mortgage, no credit, no fifteen middlemen...



~~~
Shannon-- I IMed you and called you. No answer either place. I have your money!! When can I bring it to you?

Comments

( 6 comments — Leave a comment )
subjectivity
Feb. 2nd, 2005 01:29 pm (UTC)
That's nice they are letting you pay the money in two lump sums. I know it seems like everything is wrong now but you WILL get good credit again as long as you pay every single bill on time from now on. I know it seems illogical but you should open another credit card and buy something tiny on it every month and pay it off right away. (be sure to choose one to apply for that is designed for people with bad credit, because if you are denied a credit card it can hurt your credit rating more). That's one way to reestablish their trust in you. Do everything you can do to get the money in early. Make it your first priority!!! Do you have another way to cash your checks? You can go to a check cashing place but they will charge you a fee.

See if you are on the ChexSystems database - this is where banks report people who have had overdrawn accounts and this can keep them from getting new accounts at most banks. If you aren't, great! if you are, here's hope:

http://www.bankrate.com/brm/news/chk/20020222a.asp

You might be able to get an account at a credit union, they are nicer than banks.
There is also such a thing as "second chance banking" although if you decide to do this I recommend doing a lot of research to figure out which one to apply for.

http://www.fordfound.org/publications/ff_report/view_ff_report_detail.cfm?report_index=526&print_version=1 (scroll down to "second chance")

http://64.233.179.104/search?q=cache:r6jCqcwUU_MJ:www.prweb.com/releases/2004/12/prweb186011.htm+second+chance+bank+account&hl=en


I was going to recommend a credit counselor but there are a bunch of shady credit counseling services such as CCCs: http://www.billingsgazette.com/index.php?id=1&display=rednews/2005/01/23/build/business/30-deeper-in-dept.inc

so here are some helpful web sites instead:

http://financialplan.about.com/gi/dynamic/offsite.htm?site=http%3A%2F%2Fwww.creditinfocenter.com%2Frebuild%2Frestore_credt.shtml

http://www.creditinfocenter.com/rebuild/

http://www.creditcards.com/bad-credit.php

I hope some of this is helpful.
subjectivity
Feb. 2nd, 2005 01:39 pm (UTC)
passchecking
Ok according to the Better Business Bureau passchecking.com is legitimate. (see the first link to learn about it). It costs $35, if you decide you want to join I will pay the $35 as a Valentines Day present, I think they could help you.

http://www.goldengatebbb.org/common.html?location=/home/common/www/bindr/report.php&bureau=oak&compid=52835
subjectivity
Feb. 2nd, 2005 01:59 pm (UTC)
last comment, really
I won't give any more advice. Just wanted to pass along this last web site that offers advice on how to choose a "bad credit" credit card so that you don't get cheated. http://www.debtworkout.com/bad_credit/credit_card/application_help.html

The "passchecking" thing by the way is linked to in the first article as a way to find banks that are not part of the chexsystems database, but read the other stuff first before you decide if you want to do that. I know some of this is probably repetitive for you, maybe you've seen it, but there really is some good information on some of these sites. good luck.
shaynester
Feb. 2nd, 2005 04:19 pm (UTC)
I'm home now... dunno what happened with MO-bile, it still doesn't say missed call or anything. I IMed you but I don't know if it went through because I got kicked off and sometimes I'm actually kicked off before it tells me I am.
reamens
Feb. 2nd, 2005 05:32 pm (UTC)
If I'm going to criticize, it's only fair that I compliment as well.

"sometimes I wish everything were simpler"

Commendable use of the subjunctive, since it's such a common mistake. :P

Satis est. Vere modo volo te scire me attentionem salutare.
beekerzwhirled
Feb. 2nd, 2005 09:54 pm (UTC)
i got into trouble in college as well with my cards. they're still hounding me 8 years later! the thing i will warn you about is debtors that purchase your account from the legitimate credit card companies. they buy them for pennies on the dollar and try to make you pay them rather than who you technically owe. so, just be careful about that. i commend you for dealing with them directly.
( 6 comments — Leave a comment )

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Much like pineapples, I am hardcore.

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