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Plan B/Update

Recently, I planned on starting college this spring, however, I will not be able to start school because I owe my last school money, hopefully I will get my debt paid by this summer so I can start school. Now I plan on going to the library to research and study business and marketing.

 

I am well however I think I am experiencing side effects of my medication, sometimes I shake when I am not cold and breath heavy. I will discuss this with my doctor at my next appointment in January.

 

I checked out my credit report and it was not what I expected. How do you improve your credit score?

 

I applied for state medical insurance, but I will not know if I've been approved until a couple of weeks. My doctor has been giving my samples until I get my insurance straightened out.

 

I am excited about Thanksgiving. I offered to bring the candied sweet potatoes to dinner.

11/21/08 6:19pm

I think it is great that youare thinking about going back to school. There isn't a hurry- school will always be there for you.

As far as credit scores go- I don' tknow to much about them. I thin it is important that you pay back at least the minimum required payment every month on time.

i do this and am alwyas getting letters in the mail saying that I am pre-approved for some credit card. I assume they found that I am on time with my other credit card payments.

Unfortunately it is taking me awhile to pay off these debts. I n the new year I plan to try harder. I dislike being indebt and nowadays these credit companies like to trick people into thinking that youae saving  money by using your crdit card- with  bonus coupons and "reward points", and like millions of people out there- I fell for it for awhile and now I am in debt up to my ears. i am disability now and wonder whre the money is going to come fromto pay them back in full. I suppose I will have to cut up the cards and just not use them- and stay out of these stores unless I can afford to pay  out of my regular bank account. I suppose that what is meant by credit score. I don't have much experiece with terms like that and about handling money.

It is wise that you payback your debts before you try to get back to school-  or bills will pile up and you will feel overwhelmed. BUt I admire your healthy and mature attitude.  Best of luck to you!

Claudia

11/22/08 10:56am

Hello Valash,

 

You can improve your credit score by paying more than the minimum on one of your credit cards, if you carry a balance.  Pay off the card with the smallest balance first to feel you've accomplished something.  David Bach outlines a good plan in his book, The Automatic Millionaire, where he talks about DOLP: how to eliminate debt so it's Dead On Last Payment.  If you have student loan debt, work out a payment plan.  Once you pay off your consumer credit card debt, commit to using a debit card or cash for every day payments.  Transfer to a credit card that has 0 or no interest for a specified time period, and make sure to pay off all or as much of the balance within that time.  I wouldn't charge anything new until you've paid off your old debt.  If all you have is student loan debt, you're in pretty good shape.  A student loan is consider "good debt."  I hope this has given you some ideas.

 

Regards,

Christina

11/22/08 11:02am

Valash,

 

A credit score above 640 is OK; 700 to 750 is good; 750 and up is better; above 785 you're in the top tier.  Obviously, the lower you go, the worse it is.  In New York State, via the SONYMA Home of Your Own program, a person with a psychiatric condition can get a mortgage with a 640 credit score.

 

Regards,

Christina

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