Right now credit card debt is taking its toll on me. I had a very good christmas due to plastic. If you read back you will find that post where I went crazy shopping. For every gift I bought for someone else, I bought two things for me. Please tell me, what was I thinking?!!! Now the plastic is haunting me, like the ghost of christmas past. I pay and pay and the amount goes down but oh so slowly. I have one card with the late fee of $39.00. Don't think about being late with that one. Those fees will add up quick. It will be a struggle for the next few months but by the end of the summer, I should have made some headway.
If your credit has deteriorated to a place where you had no idea how low it could go, you may want to consider Bad Credit Personal Loans. (If I do not get my act together I may sinking.) There are two types. Those that are secure and those that are unsecured. Secured bad credit loans are loans that you are given in exchange for a security deposit, which is equal to your loan amount, or valuable assets that you own. Unsecured bad credit loans do not require you to secure the loan with money or assets, but they do have very high fees and interest rates. At times, you may be paying a 30%+ interest rate in order to take advantage of this type of bad credit loan.
You really need to think about your situation to see what bad credit loan will be best for you. The unsecured is a little tricky with that high interest. It can build up quickly. No matter which one you choose, each type of bad credit loan will help you to build or rebuild your credit history, as long as you make your monthly payments on time. Think about your financial. Is it good? Mine is ailing right about now. The good thing about all of this is that there is still away to improve your credit in the long run.
You can chase a butterfly all over the field and never catch it. But if you sit quietly in the grass it will come and sit on your shoulder.