Post - BK questions

[wjnicki]

Hey--

I have a question. I'm 11 months post BK an am wondering what my credit score is. I'm going to check later this month.

I have 1 credit card- Limit $300.00. I have not used it for about six months, but I get charged a monthly service- which is paid in full everymonth.

My questions:

1. How many credit cards do you have?
2. Do you pay cash for everything?
3. Have you put yourself on a budget since filing or post BK?

[Never_Again]

1. None. No desire to have any either
2. Yes. Cash is king. Why would you want to do it any other way?
3. Yes. That budget is what makes numbers 1 and 2 possible

I am really not wondering what my credit score is at all. It is wonderful to not get a credit card statement every month. That is what a real fresh start and freedom is all about!

[wjnicki]

I agree. I have no desire to get anymore credit cards. I think one is enough, BUT it needs to be for emergencies only. My DH has only 1 credit card.

I never want to be in the same situation ever again. I pay cash for everything or use my debit card. DH has been doing this for years and it shows he got perfect credit.

We sat down and set up a budget and we follow it. I give myself $150.00 per month to spend however I want. Once its gone its gone until the next month.

Normally I would not care about my credit score, but we are going to try and get approved for a home loan in the next year or two.

[Logan]

If you want your credit to improve you need more than 1 credit card with a $300 credit limit.

Logan