Okay so a little bit about my current financial situation and myself. I am 28 and I Was meticulous about managing my credit until approximately 24. Lost my job and went to a bad place with alcohol and drugs. I just let everything go. Almost got my car repossessed stacked up about 4k in credit card debt depleted all savings. I also stopped paying my student loans. They currently laid out a 9 month plan to allow me to continue paying them. Got back to work in 2015 and was promoted in 2016. Currently making a little under 150,000 a year. Currently committing 4.5% of my annual income employer match to my 401k. I want to go about repairing my credit. Should I try to settle with the credit card companies? Will this help my score significantly enough for it to matter? I have a paid off vehicle that's worth approximately 12k and about 11,000 in liquidity. 401k is currently sitting around 25,000. (If that matters) I am currently stuck renting until I get my credit back to where it was. ): Just wanted to see if someone could outline a plan of action. Hopefully lessening my timeframe to return to a place of owning my own home. Thank you all in advance for your constructive criticism and feedback!
Submitted July 19, 2017 at 05:42PM by tellmehowtospend http://ift.tt/2u9hIG3
