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Posted: Tue Apr 18, 2006 10:02 am Subject: Anyone else here 25 or younger?

I was just wondering who else on this board is around my age. I'll be 25 this year. I pretty mad at myself right now. I can't believe my credit situation is so poor and I'm only 25. I got my first credit cards when I left for college (1 Cool

. These credit card companies bombarded us with offers and even free stuff. If only I knew then what I know now about CC's.....

Posted: Tue Apr 18, 2006 10:04 am Subject:

knic, I turned 25 in November.

Don't feel bad, everyone here is in the same boat.

Posted: Tue Apr 18, 2006 11:00 am Subject:

I'm not 25 but I know what you mean. The thing is that once you have damaged your credit it takes time to correct it, but it can be done. You do what it takes to get your debts in order. Some of us are a little slower to learn that. I didn't get into debt trouble until I reached 45 and made some bad choices, but I am well on my way to correcting these mastakes. Just keep plugging along, it gets better. They always say we learn from our mistakes and I must agree.

Posted: Tue Apr 18, 2006 12:55 pm Subject:

I am 25 years old also. The thing is, many, many people get into debt this early. College students especially tend to leave college with a ton of debt. The good thing though is that you are starting to make your way out of debt now, rather then later one when you have a family to support, etc.

Posted: Tue Apr 18, 2006 1:09 pm Subject: credit woes

My credit woes began while in college and have been continuing till now. I have finally had enough of ignoring the problem and begining to resolve the issues. I have six judgements. I made many poor choices over the years, some of them were very necessary than others. You live and learn.

Posted: Tue Apr 18, 2006 1:15 pm Subject:

I know your situation, I am 20 years old, got my first credit card late in my senior year of HS. I was great at managing it till I moved outside of the house. Then it all started to tumble from there. I used credit for everything, and have taken payday loans to pay necessites, as well as borrowed from family and friends. Not a fun situation at all. But I am working to correct that, as my wife and I are looking into a house in the near future with any luck Very Happy

I know you can pull out, even if it takes some time, it will definitely lift a weight off of your shoulders.

Posted: Tue Apr 18, 2006 1:16 pm Subject:

You just have to reach that point where you know things have to change and then begin the process. The years will pass quicker than you know, believe me. Once you have a few years of good payment history, creditors will see you are turning things around. The smartest thing I ever did was to make sure I was never ever late with my morgage payment. Good luck and remember, You begin most journeys with baby steps!!!

Posted: Tue Apr 18, 2006 1:17 pm Subject:

Yep...Learning from our mistakes is what keeps us going...Being young we can learn early and NEVER let this happen again.

Think about it this way. If we get everything squared away now, and focus on building positive references, within the next 10 years (When we'll STILL be young) we'll be set...Negatives will go away, and in their place will be the positives.

Posted: Tue Apr 18, 2006 1:21 pm Subject: Me too

Me and my husband are trying to do the same thing, get a house. He had open heart surgery last july, so we are a bit behind in our dreams. we are trying to do the right thing, but i am ashamed and afraid. Sometimes, they really get to your psyche. But I have experience in Judgements, collections, btw, DCS is rehabbing my husband's student loan, and they have been really awesome to deal with. We have 4 more loan payments with them and it goes back to Sallie Mae. Yippeee. Last year, him and I were both out of work. my husband was out sick for 6 months and has only been working part time till now. I was unemployed for three months myself. And to think, every year that we have been together, it's been 10, one of us has been either sick or laid off. Pretty crappy.

Posted: Tue Apr 18, 2006 4:01 pm Subject:

25 too...just last week!

I feel that even though we got ourselves into this bad situation so early, it only means we can repair it in enough time to save ourselves in the long run down the road when we're 40 and 50.

Posted: Tue Apr 18, 2006 6:19 pm Subject:

26, but had financial farces of my own in my earlier 20's. You get it all squared away in a couple of years, trust me, thats how I did it. Just have to keep going.

Posted: Tue Apr 18, 2006 6:37 pm Subject:

I wish I was in my 20's again, then i wouldn't be in this mess financially.

Posted: Tue Apr 18, 2006 10:03 pm Subject:

I'm 26, most of my debt is from 20-24 years old. We are all here to support eachother, young or not-so-young!! Smile

We are glad to have you here, kcnic Smile

~Mary

Posted: Wed Apr 19, 2006 7:07 pm Subject:

20-24 is right about the same time I was wrangling my financial farces. That must be the age when we all lose clear financial vision, or take deperate measures during desperate times. 33 is not old though, you can expect your financial farce to be over by 36 Tammy.