I have $900 in bad debt and no credit cards, should I pay them off or get secured credit?
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I wouldn't borrow from the parents unless absolutely necessary, and wouldn't go thru the hassle of a secured card. (Why give them money to loan back to you? Keep the cash!) If you have enough in the bank to pay off the $900, do it and wait till your credit gets better. If that blows all your money, your parents will help you out if your car needs new tires or something--wait until you need it before you borrow it. Deal in cash and debit cards until then. Your credit score will probably recover almost as fast without secured credit as it would with it.
I have $900 in bad debt and no credit cards, should I pay them off or get secured credit?Unless those debts are nearing the 7 yr age limit . realize that they will hang with you a longggg time , and all loans made to you will be at maximum %. You will be paying stuff off until you are 50.
With all that debt you should NOT get cards or incur any more debt as you are already tanking your life.
Ask your parents if you can move back in for maybe 6 months while you work 2 jobs and pay 75% of your check to the loans . Give your parents 15% and use the other 10% for fuel and laundry until the debts are cleared.
OR get a credit card and finish your $$ suicide run .
I have $900 in bad debt and no credit cards, should I pay them off or get secured credit?Do not get involved in your Parent's credit cards - that's a NO, No.
Make an arrangement with your Boy Friend's Dad - tell the Dad that his son told you that it would be free and the Dad will give you a break in some way. Lay it on thick with the Dad and don't discuss any of it with your BF.
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