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Contributor

Hi, I am currently trying to buy a home. I have about a 560 credit score. I want to use my VA home loan to get a home. I about 25,000 in debt. Most of my debt is from loans. I have a 2,000 dollar credit card from amazon that I haven't been paying on and I owe 1800 on it. I have a 660 credit card that I owe 649 on. I have another credit card from best buy that I have a 500 credit card and I owe 420 on. Also another credit card thats 300. If I pay these credit cards down with the 10,000 dollars that I have saved will it help my credit score.

4 REPLIES

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Duchi,

 

Thank you for reaching out to us in Community. I would recommend giving our Financial Improvement Team (FIT) a call. FIT helps members with Debt Management, budgeting and building and maintaining good credit. If you would like to speak to this team, please call (800) 245-9360 between the hours of 8am-6pm central time. Best of luck to you.

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i just read the credit repair article and i have many similar issues as my younger lad has. i to am in debt about 25000 including auto loan which is most of it. when i am on track and not spending foolishly i do pretty well. my credit score was well over 600 but now with all my od fees,8 and counting in one month! i definitely need restructure of my finances and my wasteful spending and also my drinking too much especially on the weekends. as of right now i am basically near homeless. i want to change these destructive patterns i fall into. i am 69 and still cant balance my checkbook or hold on to a cell phone for very long. i realize there are many redflags going off when you read this but i assure you i am a determined man who has faced many crisis and came out of it a better man. i amworking with the va to help resolve some of my issues. my most pressing problem right now is not being able to find and keep an apartment,my cat and i are staying with a friend in her living room but i really dont like the choices i have made. i will seek out and accept  any ideas your readers might have for my plight. i had an eviction.2 years ago though i had only been in the apartment a month and felt i had to move because my cat was so traumatized by the jet flightpath just above our studio.the good news is i am actually doing better than some years ago so i guess i can just keep trying .

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Dear Irrylwhn,

Seems like you are taking a great first step and seeking help. Like Angela mentioned above, I recommend giving our Financial Improvement Team (FIT) a call. FIT helps members with Debt Management, budgeting and building and maintaining good credit. If you would like to speak to this team, please call (800) 245-9360 between the hours of 8am-6pm central time. I wish you the best of luck!

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Hey strongly recommend tat you check out some AA meetings in the area.  The promise nothing except to help you stop drinking.  The funny thing is this:  if you follow their program, your mind will clear and you will be able to start taking the steps to turn your life around.  Thankfully I got their before I had serious financial consequences, but I would have had I not gone.  Take care and good luck.