Dohan's Mom

Rebuilding your credit is also a question I have in mind. As I have mentioned in my previous post, I had a cancelled card before and I'm pretty sure I am now blacklisted from all banks. Now that I have learned my lesson and is starting to build my life, I want to be able to get my own house and car but without financing it'll be impossible. But how do I rebuild my credit? So far, the only answer that I have found are the following: Apply for a Secured Credit - It works the same way as a credit card but you will have to deposit funds to the bank either through savings or time deposit. Your credit limit will vary depending on the bank. RCBC, as far as I know the amount you deposited will be your credit limit 100% while with BPI or other banks, your credit limit will be at least 80 - 90% of the amount you have deposited. For more information, I suggest you visit your bank. They said that you should apply for a checking account but on the contrary I know that you will not be...

I remember having a credit cards 8 years ago. I was young back then I just started working roughly for 2 years and at that time I had two credit cards. It was so fun that whenever I see something I want to buy all I got to do is to give my card and that’s it. But little did I know that a credit card is like a double-edge sword. It can make you happy but if you can’t discipline yourself it will eat you alive LOL! I know I am exaggerating but I remember what it feels like to be a victim of debts. Actually, I cannot call myself a victim because I have bought this upon me. Anyway, I got numbers of calls from Collections Company and sometimes it is not enough that you will see a collector in front of your doorstep. My mom was so scared that she called me at work. She said that the guy informed her that they will take some of our stuff at home as payment for my debt. Since I have no idea whether what he’s taking is true, I got scared and I ended up having nightmares. I was too afraid that I...