Dear personal finance,
I live in ontario, I recently got into the trades (ironwork non-union) after finishing college. My student loan payments are about $250/month starting in June. I had an issue with my student loan where I was basically banned for 5 years right before my final semester. I used all the savings I had in order to pay for my final semester in order to graduate. I racked up about $2k in credit card debt in order to pay rent and eat throughout my last semester.
Now, I'm making about $17/hour full-time with about 50-60 hours a week. (Overtime at time and a half after 44 hours).
So far I've paid off about 50% of my credit card debt. Unfortunately, I made some major mistakes in the past that directly impacted my credit leaving me with a credit score between 550-600 (transunion).
My bills & utilities are pretty low. Paying about $675/month for rent, $90/month for my phone, and about $44/month for internet. I've got a company truck for the time being, so I'm not paying for gas and insurance as well I don't own my own vehicle.
I've started getting back on my feet and have saved about $2000 over the last 2 and a half months.
I use a capital one credit card ($300 limit) to pay for all my day-to-day expenses and pay it off in full every two weeks. Then save whatever is left over from bills and utilities.
I'm just wondering what my best options are to get my credit back to a reasonable score as well as save for a car/house down the line.
Thanks in advance!
EDIT: Clarity
Submitted March 24, 2017 at 05:00AM by dtpunn http://ift.tt/2nKEPGl
