June 9, 2005

  • Capitol WON


    I have a credit card. 


    Are you scared?  I'm scared.


    It's been slightly less than a year since my bankruptcy was discharged and these people are giving me a credit card?!?


    I'm a responsible person, I know that the only thing to do with credit is do everything BUT use it.  And I'm happy to have this card, don't get me wrong.  As a mortgage loan officer, I know that an open trade line that's not being used?  Improves my credit score which means that when I'm ready for a mortgage, I can get a better rate.  But really - what were they THINKING. 


    I've been working a lot and I'm going to work a lot more.  I'm scheduled for the next six days in a row, and odds are pretty good I'll pick up something in addition to what Brett put on the official schedule.  Little by little, my account is getting healthier. 


    I miss the boys, but I'm going to make this summer count. 


    I have talked with them.  They are doing fun things every day.  They've built birdhouses with grandpa, gone to Magic Springs amusement park, had a sleepover with their cousins - yesterday they spent at the lake picnicking and swimming.  And they've only been there a week. 


    Michael has recovered nicely from his sinusitis.  Things are goign well for them.  I miss them.  And if I have to live my summer without my kids, I'm going to make every minute count. 


Comments (13)

  • *chuckles* I received a Capital One credit card too, shortly after our bankruptcy. I promptly maxed it and just recently paid it off via a collection department. *growls to self* Be very, very careful.

  • Sounds like your boys are being kept very busy. 

  • They know it will be several years before you can declare again.

  • Browsing blogs and thought I would pop in and say Hello.  Your boy's are gone for the summer?  Is this a first?  How old are they?  They are lucky to have each other and treasure the memorie's with their grandparent's over the summer!

    Thanks for letting me take a peek

       Lisa 

  • I say use the card in small increments and pay off the balance every month--that builds better credit than just having it and never using it.  For serious.

    It's good to see you working again and building a stronger foundation--financial and emotional and spiritual, man.  Big hugs to you, Terri baby.

  • *Business Major steps up on soap box* The question is, why is it easy to get a credit card? The answer to that is very, very, simple. Its all about tax deductions. You look for every tax deduction you can get right? Well, so do the banks, creditors, etc. For every penny of debt they have to write off as bad debt that is a CREDIT on their federal income tax. Banks and Credit Card Company's make a sickening amount of moeny. Therefore, they need all the "Deductions" they can get. Thus, they hand anyone, including those who just went bankrupt. I know of two people, personally, that had credit card(S) in less than three months of thier filing!!!

    Spend on.... spend on!!! 

  • You are one brave little Momma.  Blessings.

  • I got a Cap One card too... I don't use it but like my Home Depot card, it is there to show I can get credit - Enjoy the time for all it's worth

  • scary people i hear them cap.1 guys..

  • Woohoo Credit Cards!!  Hehe!  I'm happy for you!

    I'm sure you miss the boys like crazy! 

  • Morning Terri :) Let's go shopping lol .. Naw , not scared . You deserve it , right ? Im sure you can manage a card again lol

    Magic Spring's is alot nicer now . Im happy your boys are enjoying Arkansas .

    Take care and dont work too hard but good for you getting extra hours .

    Peace and Love :)

  • I will tell you that years ago when I had a Capitol One card and things went badly for us and we got behind, it was a big farking mess. Merciless, those people. Of course, I would venture a guess that that's not unique to Cap One. Good luck - dh and I finally admitted that we simply could not have credit cards in our lives at all.

  • You would get a write-off if you loaned someone money and wrote it off. But then you wouldn't have the money nor the interest it would bring. I doubt if lending institutions lend money in the hopes that they can write it off and claim a loss for tax purposes. Nope, they're hoping to the higher interest out of you because you're not a great credit risk. At least they think you're good for the money. Good for you. Mike

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