- This topic has 0 replies, 1 voice, and was last updated 10 years, 2 months ago by Anonymous.
- May 24, 2011 at 3:44 pm #218023AnonymousInactive
do I raise it again? I always used my credit card for everything and paid the full balance every month…I did this for 2 years every month and got my credit score up to 760-780. I made some bad decisions and took out a 20k personal loan with a intrest rate of 19.99% and maxed out my credit card to $5000.
I never missed a payment ever in my life so far but I’ve been paying the min every month on all my bills. my score last time I checked was in the 600s. i’ve been doing this for two years now. Now I’m finally making some more money and I want to pay off all my debt in about a year or so…wich is about 15k.
My min due each month for my loan is $330
my credit card is about $110
I have about $900 extra a month left after paying the min every month and I would like to use it all so like this
loan pay- $800 a month
credit pay- $110 still intell loan is paid off and then pay $1000 a month
If I do this how long will it be till I can get my old scores back or even high towards 800?
once I pay off my debt I’m going to do what I did before. Just use my credit card and pay the full balance at end of month…
note this is not I went into debt..I went into debt because of something else that occured that required me to take out a huge loan and max my credit card….that will not happen again.
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