Dave Ramsey books

fbmandy55

And by the way, other than my student loan debt...my husband and I are debt free. Our cars are paid off. We do not own a home yet. But I am sure we will have a problem when it comes to financing because we have no credit history other than my student loans of course.

We too have laptops, flat screen tvs, and a house full of furniture all of which we have happily paid cash for. Didn't get stuff until we had the money for it.

This is basically what I have done my entire life. Sadly, it has hurt me credit wise. I am 26 and have very little established credit. My fiance and I have been trying for 2 years to get a house and cannot get approved for a loan due to lack of credit history. Lenders want to see that we have proved that we can make payments and I have basically nothing to show that. Paying cash for a house isn't an option so we have to rely on a mortgage.

soldier4242

And by the way, other than my student loan debt...my husband and I are debt free. Our cars are paid off. We do not own a home yet. But I am sure we will have a problem when it comes to financing because we have no credit history other than my student loans of course.

We too have laptops, flat screen tvs, and a house full of furniture all of which we have happily paid cash for. Didn't get stuff until we had the money for it.

This is basically what I have done my entire life. Sadly, it has hurt me credit wise. I am 26 and have very little established credit. My fiance and I have been trying for 2 years to get a house and cannot get approved for a loan due to lack of credit history. Lenders want to see that we have proved that we can make payments and I have basically nothing to show that. Paying cash for a house isn't an option so we have to rely on a mortgage.

You can use things like a certificate of deposit or a credit card that you get directly from your bank. This way you can have that history of credit without having to stray too far off the beaten path as it were.

soldier4242

So do these *kitten* just look up what interest rate would make them loan sharks and charge a little bit below that? I see buildings like that as debt generating engines. They take people that are in bad situations and bury them further. How does anyone ever come to the conclusion that a PayDay loan would be their best option?

When your entire paycheck goes to bills and you have to feed a child for 2 weeks until your next payday.

I will NEVER do one again, but thankfully, have another adult in the picture now. I did give stuck in the vicious cycle as a single mom. It was literally my only option to feeding my son and myself for two weeks and having gas money to get to work. Borrowed a bit and with the huge interest, when I paid it the next payday, I had to reloan to get through and that continued for awhile.. When you live paycheck to paycheck, there is no wiggle room.. . I had to wait for a big check (I think it was my end of year unused PTO payout) to get out of the cycle. Have not gotten once since.

I have had to make sacrifices for my children so I can understand the situation that you are in. Perhaps you were in fact in a situation without any other options. It is just that places like that are hoping that you will fail to pay them back so that they can keep ramping up your debt. If you go in to default and a collection agency gets involved they walk away with a stack of money and you are saddled with a nightmare of debt and few options.

rml_16

So do these *kitten* just look up what interest rate would make them loan sharks and charge a little bit below that? I see buildings like that as debt generating engines. They take people that are in bad situations and bury them further. How does anyone ever come to the conclusion that a PayDay loan would be their best option?

When your entire paycheck goes to bills and you have to feed a child for 2 weeks until your next payday.

I will NEVER do one again, but thankfully, have another adult in the picture now. I did give stuck in the vicious cycle as a single mom. It was literally my only option to feeding my son and myself for two weeks and having gas money to get to work. Borrowed a bit and with the huge interest, when I paid it the next payday, I had to reloan to get through and that continued for awhile.. When you live paycheck to paycheck, there is no wiggle room.. . I had to wait for a big check (I think it was my end of year unused PTO payout) to get out of the cycle. Have not gotten once since.

What about food banks? I know it's too late for you at this point, but for someone else reading this, that is a great option.

A friend of mine found herself in a similar situation with three childen and the food bank was a great resource for her. Also, Catholic Charities, Salvation Army -- all sorts of places. Social services in any county can point people in need to places like that.

whierd

And by the way, other than my student loan debt...my husband and I are debt free. Our cars are paid off. We do not own a home yet. But I am sure we will have a problem when it comes to financing because we have no credit history other than my student loans of course.

We too have laptops, flat screen tvs, and a house full of furniture all of which we have happily paid cash for. Didn't get stuff until we had the money for it.

This is basically what I have done my entire life. Sadly, it has hurt me credit wise. I am 26 and have very little established credit. My fiance and I have been trying for 2 years to get a house and cannot get approved for a loan due to lack of credit history. Lenders want to see that we have proved that we can make payments and I have basically nothing to show that. Paying cash for a house isn't an option so we have to rely on a mortgage.

Save up 20% and look around for a place that does manual underwriting. Churchill Mortgage is one lender I know of that does not base their loans purely off of credit history.

soldier4242

And by the way, other than my student loan debt...my husband and I are debt free. Our cars are paid off. We do not own a home yet. But I am sure we will have a problem when it comes to financing because we have no credit history other than my student loans of course.

We too have laptops, flat screen tvs, and a house full of furniture all of which we have happily paid cash for. Didn't get stuff until we had the money for it.

This is basically what I have done my entire life. Sadly, it has hurt me credit wise. I am 26 and have very little established credit. My fiance and I have been trying for 2 years to get a house and cannot get approved for a loan due to lack of credit history. Lenders want to see that we have proved that we can make payments and I have basically nothing to show that. Paying cash for a house isn't an option so we have to rely on a mortgage.

Save up 20% and look around for a place that does manual underwriting. Churchill Mortgage is one lender I know of that does not base their loans purely off of credit history.

I though this was just and old fashioned practice that nobody did anymore but I looked it up just now and sure enough it is still going.

TyTy76

I started taking Dave's class 8 weeks ago. This Friday will be week #9.

Is his stuff common sense? Sure. But if common sense were so common, we would all have it.

I was terrible with money. I got wrapped up in payday loans years ago, and one became 2, 2 became 3..so on. The way that figured it, about $600 in payday loans cost me almost $4000.

Dave taught me a lot of things, and now 8 weeks later I am lot better off because of the things I learned in FPU.

Take his class.
Read his books.
Listen to his radio show.
It will change your life.

fbmandy55

So do these *kitten* just look up what interest rate would make them loan sharks and charge a little bit below that? I see buildings like that as debt generating engines. They take people that are in bad situations and bury them further. How does anyone ever come to the conclusion that a PayDay loan would be their best option?

When your entire paycheck goes to bills and you have to feed a child for 2 weeks until your next payday.

I will NEVER do one again, but thankfully, have another adult in the picture now. I did give stuck in the vicious cycle as a single mom. It was literally my only option to feeding my son and myself for two weeks and having gas money to get to work. Borrowed a bit and with the huge interest, when I paid it the next payday, I had to reloan to get through and that continued for awhile.. When you live paycheck to paycheck, there is no wiggle room.. . I had to wait for a big check (I think it was my end of year unused PTO payout) to get out of the cycle. Have not gotten once since.

What about food banks? I know it's too late for you at this point, but for someone else reading this, that is a great option.

A friend of mine found herself in a similar situation with three childen and the food bank was a great resource for her. Also, Catholic Charities, Salvation Army -- all sorts of places. Social services in any county can point people in need to places like that.

Oh it's been well over 2 years since I have had to do that. Thankfully I paid them back and that was the end of it but it was a vicious cycle. Thankfully, financial situation has improved and hopefully will never have to resort to that again.

fbmandy55

And by the way, other than my student loan debt...my husband and I are debt free. Our cars are paid off. We do not own a home yet. But I am sure we will have a problem when it comes to financing because we have no credit history other than my student loans of course.

We too have laptops, flat screen tvs, and a house full of furniture all of which we have happily paid cash for. Didn't get stuff until we had the money for it.

This is basically what I have done my entire life. Sadly, it has hurt me credit wise. I am 26 and have very little established credit. My fiance and I have been trying for 2 years to get a house and cannot get approved for a loan due to lack of credit history. Lenders want to see that we have proved that we can make payments and I have basically nothing to show that. Paying cash for a house isn't an option so we have to rely on a mortgage.

Save up 20% and look around for a place that does manual underwriting. Churchill Mortgage is one lender I know of that does not base their loans purely off of credit history.

I though this was just and old fashioned practice that nobody did anymore but I looked it up just now and sure enough it is still going.

I almost have to laugh at this. Realistically, how many people living paycheck to paycheck can save up 20% to buy a house? Inflation makes that nearly impossible for many people in this country. In the 50's and 60's when the cost of living was different, yes.

TyTy76

And by the way, other than my student loan debt...my husband and I are debt free. Our cars are paid off. We do not own a home yet. But I am sure we will have a problem when it comes to financing because we have no credit history other than my student loans of course.

We too have laptops, flat screen tvs, and a house full of furniture all of which we have happily paid cash for. Didn't get stuff until we had the money for it.

This is basically what I have done my entire life. Sadly, it has hurt me credit wise. I am 26 and have very little established credit. My fiance and I have been trying for 2 years to get a house and cannot get approved for a loan due to lack of credit history. Lenders want to see that we have proved that we can make payments and I have basically nothing to show that. Paying cash for a house isn't an option so we have to rely on a mortgage.

Save up 20% and look around for a place that does manual underwriting. Churchill Mortgage is one lender I know of that does not base their loans purely off of credit history.

I though this was just and old fashioned practice that nobody did anymore but I looked it up just now and sure enough it is still going.

I almost have to laugh at this. Realistically, how many people living paycheck to paycheck can save up 20% to buy a house? Inflation makes that nearly impossible for many people in this country. In the 50's and 60's when the cost of living was different, yes.

Have you taken Dave's class or read his book?

He teaches you how to do that.

whierd

And by the way, other than my student loan debt...my husband and I are debt free. Our cars are paid off. We do not own a home yet. But I am sure we will have a problem when it comes to financing because we have no credit history other than my student loans of course.

We too have laptops, flat screen tvs, and a house full of furniture all of which we have happily paid cash for. Didn't get stuff until we had the money for it.

This is basically what I have done my entire life. Sadly, it has hurt me credit wise. I am 26 and have very little established credit. My fiance and I have been trying for 2 years to get a house and cannot get approved for a loan due to lack of credit history. Lenders want to see that we have proved that we can make payments and I have basically nothing to show that. Paying cash for a house isn't an option so we have to rely on a mortgage.

Save up 20% and look around for a place that does manual underwriting. Churchill Mortgage is one lender I know of that does not base their loans purely off of credit history.

I though this was just and old fashioned practice that nobody did anymore but I looked it up just now and sure enough it is still going.

I almost have to laugh at this. Realistically, how many people living paycheck to paycheck can save up 20% to buy a house? Inflation makes that nearly impossible for many people in this country. In the 50's and 60's when the cost of living was different, yes.

Well, learn how to stop living paycheck to paycheck would be my first priority rather than figuring out how to buy a house.

rml_16

Realistically, how many people living paycheck to paycheck can save up 20% to buy a house? Inflation makes that nearly impossible for many people in this country. In the 50's and 60's when the cost of living was different, yes.

And this is the attitude that got us into the terrible economy we're in, the one that inflated the housing market and then burst the bubble.

If money is THAT tight, you have no business buying a house. How can you afford repairs when something breaks? What happens if there's a job loss or pay cut? No one under those circumstances should be buying houses and no lender should be giving those people money for one.