My Shocking Credit Card Debt!

From all that I have written about credit and finance over the past year since starting my blog, you’d think that I was in debt up to my eyeballs and it certainly feels like it at times.

I’ve grown so accustomed to being in debt that even I assumed that my debt was much greater than it was until I decided to stop and take a look at just how much I owed in overall credit card debt. What I found was shocking to say the least.

To my surprise, I found that my total credit card debt only amounted to about $1,600.00. I could not believe it. I’d been in debt for so long that I never stopped to realize just how little cash I actually owed.

Sure, I have other expenses such as a school loan and tax debt but the school loan balance is less than $1,000.00 and in good standing and the taxes owed, currently do not affect my credit score.

Even though my credit card balances are low, my cards are pretty much maxed out, which lowers my credit score due to charging over 30 percent of my overall available credit. If I pay my credit cards down to a zero balance, I’m pretty sure that my score will increase by at least 50 points!

A simple 50 point jump can be a great help when it comes time to finance that new car!

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New Beginnings

There comes a time in everyone’s life where a new beginning is needed. A time to take a step back, relax and gather ourselves before moving forward. The same applies when it comes to credit rebuilding.

As a general rule, credit rebuilding is a process. There’s no quick fix to getting back on track. Sure, there are reputable credit repair companies at your disposal but the repair process still takes a bit of time.

Your credit didn’t get damaged overnight, nor will it be repaired overnight. All you can do is be diligent in paying your bills on time and just let the process run its course.

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Bills or Beer Money?

Bills or beer money? Ahh… that is the question. Well for me, that’s a no-brainer. Beer wins every time, right? No, not really. What I mean is that anyone who knows me, knows that I absolutely love my light beer! Just not enough to choose it over repaying my financial obligations.

As I’ve stated many times before, I give bill collectors a hard time for breaking credit collection laws all the time but I would never suggest a person not pay their bills. This blog is designed to help people navigate through the madness that is the debt collection industry.

I offer advice on how to handle illegal debt collection practices from the worst of the worst debt collectors. This includes teaching consumers how to stand up for themselves and to not be intimidated by insanely bogus threats of being arrested at your home or place of employment.

Whatever questions you may have relating to credit and collection I will most likely have an answer for, since I have seen and heard it all… but if you ask me if you should buy beer or pay your bills, I would highly recommend the latter. Just check in with me first before negotiating any payments.

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Dancing with the Devil

When you make a deal with a creditor, for all intents and purposes, you are making a deal with the devil… Figuratively speaking, of course. Purchases made on sheer impulse and without consideration or contemplation play right into the devil’s hands.

You see, that’s how the devil works. He draws you in by dangling material items before you and then tricks you into believing you can afford them when he knows good and damn well you can’t. You know it too but you convince yourself that you’ll find a way.

The next thing you know, you find yourself falling way behind on payments with the devil knocking on your door looking to cash in on the deal you made. He doesn’t care about your sick mother or that your car broke down on the way to work. He’s coming to collect and will do so by any means necessary.

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Don't Judge Me

I’m always reluctant to tell people that I’m the owner of a blog called “Bill Collectors Hate Me.” Not because I’m embarrassed or ashamed, but because the title alone makes them think that I don’t pay my bills which couldn’t be anything further from the truth.

Sure, I’ve had credit problems in the past but those days are long behind me. It’s because of my past that I’m able to bring you this great information from my own personal experiences. This blog is more about who I was, not who I am… and it’s of the utmost importance that people know that.

So contrary to popular belief, I do pay my bills. Furthermore, I can’t even tell you the last time I’ve been late on one. My credit is not great, but rather a work in progress that improves almost each and every month. It improves because I work very hard at it… and that’s what you must do!

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The Black Box

There are several situations that arise in one’s life where it would be nice if we could go back in time and see exactly where things went wrong so that we could learn from our past mistakes so that our closest friends and family members could avoid falling victim to the same pitfalls as we did.

Wouldn’t it be cool if all humans were equipped with a “black box” that could be viewed right after an emergency financial crisis such as when you were forced to file bankruptcy after years of overspending and bad decisions?

The black box could be retrieved from our brains via wireless connection similar to Bluetooth that could then be output to a laptop that would provide a chronological display of every poor credit decision you've ever made; right up until the financial crash point. Yea, that would be pretty cool.

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Bad Credit: Life's Dirty Little Secret

Bad credit is one of life’s dirty little secrets. For the most part, if a person has bad credit they will keep that information close to the vest; carrying it to their grave if they have to, in order to keep from sharing their poor decisions with even the closest of family and friends.

Contrary to popular belief, in today’s economy you might be surprised to find out that the majority of your friends have bad credit too! A great many of them have filed bankruptcy at least once, all the while keeping this information under wraps.

Just like the proverbial elephant in the room, people make a conscious decision to ignore what is staring them right in the face. They're afraid that if they share their credit past with anyone, that they will be judged like some second class citizen so they continue to live the lie.

In all honesty, I get it. I used to be the same way until one day I woke up and decided to just let it all hang out. I decided to no longer keep my credit status a secret and I found out that by telling people of the mistakes I’ve made in the past, that it was therapeutic. I feel much better now… and so will you!

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