Before economic collapse you could still LIVE with bad credit history. But NOW, to live, credit history MUST be GOOD. It COULD be a matter of 'life and death.' The 'face of economic America' has changed leaving NO CREDIT availability for millions of Americans with bad credit! Banks have failed and credit is 'dry' and it happened when someone BLINKED! 'Loan shark' type loans called 'pay day loans' with astronomical interest sprang up to 'save the day.' But because of economic 'woes' these loans have been used, not for SHORT TERM, but to survive long term...leaving the client unable to pay at some point. EVEN the pay day loan industry has hundreds of businesses folding-up and locking doors! Many are still 'open for business' but they are looking 'hard and skeptically' at those who want loans.
Consider Credit Counseling
Tear UP all but one good credit card and make the call to consumer credit counseling if bad credit has torn your life to shreds! Millions of Americans have MORE than one card and / or have defaulted on more than one loan. You may already have 'tried' the horror of pay day loans. In 'that 'slave making world' no matter how much you pay, the interest still leaves you owing a FORTUNE! RUN to your state's consumer credit counselor and take the first STEP toward 'healing' your bad credit. Counselors lower or stop interest and guide you slowly toward the 'sunshine' of credit and LIFE preservation! Going to a counselor HELPS your 'credit history gone bad' by showing lenders you want to pay and are taking positive action to do it!
Learn to Live Within Your Means
It's NO MORE 'business as usual' no matter how complacent you have become with the 'little and big' things you HAD TO HAVE. It's time to STOP and 'smell the roses.' Life isn't about the 'junk' we think we MUST have! It's now about survival! If your family is to 'make it' in this 'time of trouble' then ALL must WORK and understand the 'goal.' Everyone must sacrifice for the 'common' good of the family. Schedule a family meeting. Yes, your kids WILL yell, but use consistent patience and 'they WILL COME!' It hasn't been THAT many years ago, even children 'worked' AND they managed to keep good grades and 'do GREAT!'
If your credit history is bad you STILL have choices! After becoming USE to changes that must be HAPPEN, you AND your family will begin to see a Sparkle through the GLOOM...Life can still be great!