So to start I have a small business (with a business credit card.) I paid it faithfully until I ran into some issues with an employer refusing to pay my last paycheck and my new employer withholding my paycheck for 3 weeks longer than they were supposed to. I missed a payment and a half payment on the business account due to this and my card was frozen. My credit score has dropped to 549 from 765.
Also in this mess is a vehicle. On the personal side, my mother offered to buy me a vehicle for high school graduation but wanted me on the loan to "help build my credit." Like an idiot, I agreed. I don't get the payment book, but my name is still on it. I have found out through the man who fathered me that they have debt collectors calling them every single day multiple times a day wanting money, and I suspect the lender for my SUV is on the list as well. We're talking they change phone numbers every month to keep from getting more calls from creditors.
If that's the case, her being behind on that payment, plus the business account I was delinquent on (but have since brought current, card is permanently frozen though) resulted in my score being so low. I was denied for a secured card by my bank for too many delinquent payments and age of credit, but they can't see or say what is or was late and what is causing this.
How can I fix this if I can't even get a secured card to help raise my score? I don't make much at all, less than 17k a year, and don't really use the business credit card for anything except shop supplies and I usually pay the full balance off at the end of the month. I don't really care about ever having a credit card again, but I do want to buy some land and build a house eventually.
Any advice is appreciated here. Thanks in advance
Submitted June 16, 2018 at 08:58AM by Therestandstheglass1 https://ift.tt/2MvE5OJ
