I did a lot of things after my divorce to right my ship. Paying of debt I didn’t know I had on credit cards my ex took out in my name and never paid. Getting my financial house in order and sticking to a budget that saw my credit go from 580 to 720 in only two years.
I did it all on my own and without paying some corporation to negotiate on my behalf.
But about year ago I was involved in a car accident that totaled my car that I still held a loan on. It was determined the other driver held 100% fault and liability. But I was on the upside of the loan and actually got paid $3,500 to myself and the balance of the loan would be paid off too.
At the time…, I was like “Woo Hoo!”
Then 4 months later the loan company sent me a repossession notice. The first contact directly with me since the accident and determination of fault and after the insurance companies decided to pay out.
By that time I had already received my 3500 but apparently the adjuster in charge left her position before ever mailing out a check to the loan company… That resulted in the loan company reporting multiplying late , deficient, and defaults to the credit trackers….
So excuse me when I say that finding out 5 minutes ago that my score rose by 2 points didn’t make me happy at all. Life is fucked up and I don’t understand it on most days.
Congratulations. I took mine from the mid 500s to the low 800s. It's one of those things you want to shove in your ex's face and say, look what I can do without you in my life. Yeah, she did the same crap to me. She actually maxed out cards I didn't even know existed. She got them in both of our names.
@Gibbon I remember how confused I was at first and how mad I was afterwards. I've forgiven her for it all and we get along well enough these days as we both rally to the aid and assitance of our daughter and our grandsons.
Life is a real struggle at times. A good partner would help to shoulder the burden but in your case, the partner made the burden heavier. I’m sorry that you had to experience that. We have such a score too and even if you have no debt, you can get a lower score only by living in a poor hood.
Those scores make little sense sometimes. Mine dropped several points because an old account fell off the tracker, meaning I had less successfully repaid accounts to show. But a new loan would drop my score, too. Like, WTF?
@ineedadrink Right. I've never knowingly ever used credit except for my car loans. Never had or used a credit card because I believe you should only buy things you can afford. When I got divorced and put in my change of address, I got bills for 3 maxed out cards in my name at the new place....
@HikingMan People always need to run their credit scores with the bureaus. Shitbag soon to be exes aside, criminals can open up accounts in your name given half a chance. I'm phobic about checking regularly.
@HikingMan I have like 6 or 7 cards and use them for almost every purchase I make. I like the 2 -3% they pay me back on whatever I spend. As long as you pay the cards off each month, you should be able to maintain your fico score in the 800+ range.
