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Screw You Credit Score

February 24th, 2018 at 03:12 am

Yesterday I applied for a pre-approval for a mortgage and was denied. Though my score was high I had too much debt vs my income. I was down but not to the point in that I was worried or very upset. I don't know why, but I wasn't. I just figured, God was not ready for me to purchase yet. Or he's teaching me that things don't make me happy, it's the freedom that he wants us to have that does.

Basically, I have a house in my name, and student loan. But was told if I pay off the cards and close them all is well.

So once I get the money from the sell of the house, I'll be paying off every single credit card.

Yesterday I received a $7k a year raise after I spoke with the bank and being told I don't make enough. I changed my withholdings so that I have more of my money to do what I need to do vs Uncle Sam and getting a nice refund each year. I've never done this before, because I'm always afraid that I'll owe. But I realize it's better to have my own money, pay my debt vs Uncle Sam. Not to mention, I plan on changing it back around in August so I should be fine.

Today I checked and my tax return should hit my bank account next Wednesday, that means that CC4 will be pretty much gone. Then it's on to number 5. I also sold an item on Poshmark making $16. I'm excited about this. As you all know I've been having a hard time selling things.


The SO finally gave me the money for the plot that he owed, I mailed a check off last night, so he's caught up and that means next Saturday I can transition the debt to him, freeing up $2k. Ugh this has been a nightmare but at least I can get rid of it now.

I realize that a credit score is simply a debt score as Dave Ramsey says, it means nothing if it's high and you make no money. You're just in debt 🤦🏾‍♀️

7 Responses to “Screw You Credit Score”

  1. creditcardfree Says:

    Yep, it's a debt score. I can imagine that is disappointing, but I'm actually relieved for you. I think it was too soon to take on a mortgage. I have no doubt you are on a new path and will get a home in the future. Live like no one else!!

  2. Househopeful Says:

    It is definitely a debt score. Sorry that the timing isn't right, but it WILL be. You are working towards your goals steadily & I know you'll make it!

  3. DW Says:

    I think the denial was actually a blessing. Slow down, pay off the debt. Don’t just buy because it’s convenient.
    You’re looking at new job opportunities which could reveal a better deal elsewhere.

  4. CB in the City Says:

    You have a great attitude, Amber! It's inspiring.

  5. Trying to get ahead Says:

    Hi Amber, I was wondering, couldn't you live in your father's house for the time being until you get your debts paid? Maybe you covered that in an earlier post and I missed it.

  6. rob62521 Says:

    Sometimes when we think we want something, God has a better idea. Like your attitude. Although I'm a homeowner, I can see where sometimes it is better not to be. Perhaps with a possibility of a new job, it would be a blessing not to have a different home mortgage to deal with.

  7. LuckyRobin Says:

    If they told you to pay them off AND close them, then you got bad information. Pay them off and keep at least two of the main ones open but don't use them, including the card you have owned the longest. They don't just look at your debt to income ratio. They also look at how long you've had a card, your available credit and how low your balances are in comparison to how much you could charge. Which seems counterintuitive, because to me that means you could charge them up at any time, but that's what they do. Close the store cards. After you qualify for a mortgage, then close the other cards if you want to.

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