Bad credit
Extreme HDF Member
Joined: Jan 2012
Posts: 12,986
Likes: 715
From: NE Philly
Well, you can stereotype me if you want. I paid every bill up to the day my BK lawyer said to stop paying. To have continued onward using cash advances to continue paying bills would have been fraudulent. I sure hope nobody yanks away 25-30% of your income at the drop of the hat with no notice and you have to figure out a way to make due all the while coming off of a divorce and a bilateral pulmonary embolism.
If I don't need it I don't put it on credit. All cash.
Road Warrior
Joined: Sep 2008
Posts: 1,557
Likes: 6
From: Fort Lauderdale, Florida
You said you were on medical retirement, right? What sort of income do you have from that? I think regardless of your credit score, if you could show a good stable source of income, Harley Davidson Finance will front the loan. Albeit at a ridiculous rate.
Last edited by Thumper09; Oct 14, 2014 at 03:50 PM.
Thread Starter
|
Road Master
Joined: Mar 2008
Posts: 1,130
Likes: 0
From: FLORIDA
>> hope nobody yanks away 25-30% of your income at the drop of the hat with no notice and you have to figure out a way to make due all the while coming off of a divorce and a bilateral pulmonary embolism.<<
I'll say it again, you have already answered your question, if you look at things you will agree that <right now> is not a good time to buy.
I have lost income unexpectedly and it sucks. But why add to the problem?
Mark
I'll say it again, you have already answered your question, if you look at things you will agree that <right now> is not a good time to buy.
I have lost income unexpectedly and it sucks. But why add to the problem?
Mark
Thread Starter
|
Road Master
Joined: Mar 2008
Posts: 1,130
Likes: 0
From: FLORIDA
I also have a civilian job that is my source of income now.
Thread Starter
|
Road Master
Joined: Mar 2008
Posts: 1,130
Likes: 0
From: FLORIDA
Yeah well, I still have 20 more months of child support left from a former marriage so when that happens maybe I can be as fortunate as you to pay cash. Most people don't live on a cash basis unfortunately....and have Harleys unless they make a ridiculous amount of money.
Grand HDF Member
Joined: Oct 2012
Posts: 3,758
Likes: 196
From: Boise, ID
90% of your income?!? Sounds like a Sugar Momma!
Grand HDF Member
Joined: Oct 2012
Posts: 3,758
Likes: 196
From: Boise, ID
I don't owe what I used to owe....far from it. I want to reestablish credit. It won't happen by not getting credit and showing that I can make payments. We unfortunately live in a society where your value is based on a FICO score. Yep, I got thrown off that horse, but that doesn't mean I am going to have a pity party the rest of my life for what happened.
I will disagree with you on the "fact" that you NEED a FICO score to survive. The only time you need a higher score is to borrow more money.
You are 100% correct to increase your score is by borrowing and paying back that money plus interest. In essence you "buy" your score.
You can save up money and pay less for things, or you can get them now and pay more. The good news is after filing bankruptcy and that is all done, plenty of banks will want to loan you money. Since you can't file again for a period of time, they feel they have you on the hook.
Seasoned HDF Member
Joined: Aug 2013
Posts: 35,827
Likes: 38,717
From: Post Falls, ID
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
6 Weirdest Harley-Davidsons Ever Sold to the Public
Verdad Gallardo
7 Times Harley-Davidson Chucked Tradition Out the Window
Verdad Gallardo
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Verdad Gallardo
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
Grand HDF Member
Joined: Oct 2012
Posts: 3,758
Likes: 196
From: Boise, ID
But not having a score would not prevent you from any of those. No one says, "You have not borrowed money and been in debt, you get no job/insurance/apartment!"
It is a poor score (bad credit) that hurts you.
I'm not saying people should not borrow money to buy things, just saying debt does not make the world go 'round.
Seasoned HDF Member
Joined: Aug 2013
Posts: 35,827
Likes: 38,717
From: Post Falls, ID
But not having a score would not prevent you from any of those. No one says, "You have not borrowed money and been in debt, you get no job/insurance/apartment!"
It is a poor score (bad credit) that hurts you.
I'm not saying people should not borrow money to buy things, just saying debt does not make the world go 'round.
It is a poor score (bad credit) that hurts you.
I'm not saying people should not borrow money to buy things, just saying debt does not make the world go 'round.