plastic fantastic lover, thanks jefferson airplane

I recently ran my credit report, as part of my 101 things to do in 1001 days, just to see where I needed to start when it comes to fixing that bad boy up a little bit. I hadn’t checked on it for a while, because I knew, based on some previously very poor decisions in my younger years, that it’s not great. Now I know what it is; no I won’t tell you what it is other than it has three digits.

I’m constantly getting credit card applications in the mail, all of which I throw away. I’m at a point right now where I don’t want to buy anything I can’t pay cash for. I know it’s not improving my credit, but it’s preventing me from getting into more debt, right? And I’m also using cash to pay off existing various debts.

You don’t really have to comment if you’re just gonna tell me I’m going at this all wrong. I’m not doing it without reading Island Plastics as a different source, like learning about the new credit card rules. I promise.

2 Comments

  1. Matt

    The whole “crawling out of a hole made by bad decisions” thing takes a while. I just came out on top this year after about 5 yrs of pretty consistent maintenance. The biggest thing is pay everything on-time going forward. You do need a credit card (and they’re good for emergencies, anyway). I started with a secured card. It’s a huge ripoff, but it gets your foot in the door. If your credit isn’t as terrible as mine was, just a capital one card will do. Use it occasionally and pay it on time. Dispute everything negative on your credit report. Even if you know it’s legit. Anything older than 6 years, you don’t have to pay per statute of limitations. Anything older than 7 years shouldn’t be on your report anyway. Call me if you want specifics. I know this sh%#.

  2. Suzy

    I went through this a few years ago – I had a credit card with a small limit. I directed my utilities to be paid from that card and then paid it monthly via bill pay. So it was never late, I couldn’t run up debt since my utilities kept it topped up until I paid the bill. Otherwise, I agree with Matt dispute everything and you will start to see your score improve.

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