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Paid off Debt, however Credit Score stayed the same....Why?

Forum: Debt
Wen Dee
Curious why did my credit score not improve, even though I paid off my debt and the creditors have reported it to the 3 credit bureaus. My credit report indicates all the debts were paid off. Any advice is appreciated. ThanksRead More...
Paying debts helps but not doesn't guarantee your credit score will gain points. There are a few factors that determines what your credit score should look like.Read More...
@Moore Income I will, thanks.Read More...
Last Reply By Jennifer scarlata · First Unread Post

Why is my credit score not rising?

Forum: Credit
Wen Dee
I am confused, I took out a secured credit card and paid off my debt, however, my credit score is tanking instead of rising. What am I doing wrong? I only use 20-30% of my credit card limit and pay it off monthly. Any suggestions would be greatly appreciated! ThanksRead More...
I believe you are doing it right but there must be something wrong. Just focus on minimizing your credit utilization to a 10% instead of 30% for a few months and avoid closing any open credit cards. I have a credit score of 785 and only two credit cards but it took sometime before I was able to achieve this.Read More...
I am not familiar with this but now that I know I will research. Meanwhile, could it be because you froze your report and might be preventing it from updating?Read More...
Last Reply By Jennifer scarlata · First Unread Post

Living off $720 s month

KKimberly
I’m 37. I’ve been living off of Disability for 16 years now. I was diagnosed with Multiple Sclerosis in 2004. So over the past 16 years, let’s just say I’ve acquired so debt over that time. First thing! I tithe! $72 I have 4 store credit cards and one visa credit card VS Card, Express Card, Stage Card, one more cant remember. Approximately $420 My insurance is 134.00 a month. i give my daughter $60 a month for her insurance i have Foodstamps - $120 Also, Medicaid health insurance. HELP HELP...Read More...
@Ray Taylor Tetreault , that's one of the best things she could do. I've never tried the Credit Counseling service, though both my wife and I worked in that field for a short time after we were married. Of course, back then, it wasn't as highly regulated as it is now, and people didn't always get the best advice, though we always tried to get them the best advice possible.Read More...
It sounds like the biggest budget busters are the credit cards... 52.6% of income. Have you thought about consolidating those total balances into a lower interest personal loan for a fixed time period and/or sought help from a legitimate Consumer Credit Counseling service to lower the interest... and payments?Read More...
Last Reply By AverageJoe · First Unread Post

Deep, Dark Hole - No Hope in Sight

We have a serious issue I'm hoping for some help with. We are seriously delinquent on our electric bill. I've asked them for help but their only help is for us to pay $1500+ to get back on a payment plan, which isn't feasible with our current financial situation. I've contacted Social Services and was denied based on my income. I contacted our local 211 number and was given a couple of options (Catholic Charities, Salvation Army, etc) which I'm following up with but fear that I'll have the...Read More...
Jeff- Please don't take my comments and/or suggestions the wrong way, as I have been in a similar situation. Regarding disability - Social Security - My wife does not have enough work credits for regular social security and has been deemed that her medical issues do not warrant approval for disability insurance. EVERYONE gets denied the first time. Get in touch with an attorney that specializes in this. They will do a consultation for free, and only take a portion if you win. On a different...Read More...
How much do you pay towards your CC's each month? It is not ideal, but depending on the amount - you could skip paying them in order to keep your electricity on. I mean, it is the 4 walls. If you can't have a necessary utility on in your home, you don't have the money to pay towards CC debt. Sad to say, but true. Of course, that is going to create its own mess that you will have to figure out. But seriously, how did you let your electric bill get past due by over $3k? That takes quite a...Read More...
Last Reply By MrsD08 · First Unread Post

FlexJobs

Forum: Make Money
I just saw this reduced cost for FlexJobs, a place for searching for flexible and remote jobs, that I've mentioned in the forum previously. They frequently have sales and they're having a particularly good one today only. 7. Flexjobs, a popular job board listing opportunities for remote and flexible jobs, is taking 50 percent off each of its membership plans on Sept. 27 only. Use the code FAMILY to purchase a $15 one-month membership for $7.50, a $30 3-month membership for $15, and a...Read More...

SSDI Isn't Enough To Make Ends Meet

Forum: Make Money
Yolanda Vivien Archuleta
I'm on SSDI, married $695./month isn't much. My debt to ratio is more debts increased due to temporary illness. May I get positive feedback to get back on track financially !!! I do have good creditRead More...
Thank y’all soooo much!! I’ve done a lot of these mentioned. Mystery shopping, posh Mark, selling stuff. just kinda looking for some new ideas 💡Read More...
Contact your congressman or senator regarding resources available for fixed income & disabled. I’m on Ssdi as well, but disability retired from the federal government - so my pensions were a bit higher. You can also work up to a certain amount per month before they start to count the monies you earn against your pension. Go to Ssa.gov for additional information about these programs. Best of luck!Read More...
Last Reply By KKimberly · First Unread Post

Some bittersweet news!

Briana
Hello everyone! I have some bittersweet news to share will all of you. My time with The Penny Hoarder is coming to an end and I will be transitioning out of my role as Community Strategist. It's been such a pleasure to work and get to know all of you amazing members throughout the last year. I feel so fortunate to have been able to learn so much from all of you. I am very excited to introduce our new Penny Hoarder ambassador, @Ashlee, who you'll be able to go to with...Read More...
Thank you for the warm welcome everyone! I am happy to be here and excited to get to know each of you better. Please don't hesitate to reach out if you have any questions. Briana, you will be missed! Good luck on your next endeavor.Read More...
Congrats and Best Wishes. It was equally a pleasure getting to know you over the past year. Hugs from Ohio. /raytRead More...
Last Reply By Ashlee · First Unread Post

Social Security Disability (SSDI) Statistics

Forum: Retirement
Ray Taylor Tetreault
Did you know that one in eight American workers between the ages of 35 and 65 will have a disability lasting five years or longer? The average Social Security benefit is $1200 per month and the maximum benefit paid by Social Security is set for 2019 at $3,770 per month but that is significantly higher than the maximum benefits in the past. The maximum is regardless of a person's income even those in excess of $100,000 per year. Another two statistics are that only about 30% of Social...Read More...
From my personal experience and believe me it's been more than a little bit the nice thing about the government is that they always tell you the reason why. The reason for why they say yes and even more why they say no. They use code numbers and for the complete details you need to look them up, which is a real drag but necessary. Once you have read and understood the information all you have to do is make it happen. That's all I dare say. As others have said gather up all your proofs,...Read More...
I have been on disability for about 10 years now. I would be happy to give any info i can on my experience with ssdi. Working part time is a possibility and you can work and receive ssdi if you make 1200/mo or less.Read More...
Last Reply By Lady Kat · First Unread Post

Credit wiped out by Equifax breach

Forum: Credit
Vicki R Kemp
Can any one help me or lead me in the right direction, PLEASE. After diligently working on my credit score for quite some time(I had it to the 620 range and was so proud), my score just simply vanished into thin air. No explanations, no admittance of error or faulty programming glitches, and certainly no willingness to resolve or correct the problem was offered(freely or upon request) by any of the 3 major scoring entities. Just by pre lick I stumbled recently upon the beach info regarding...Read More...
Thank you. I've tried several including Lincoln Law. Nothing. I had several car purchases, two homes, furniture and the array of things someone in their 50s would have. I wouldn't think so, however, they were breached and I was rendered a zeroRead More...
Not sure what happened. But most rent and utilities dont get put on your credit report and won't reflect in most credit score models. The equifax breach wouldn't have made your score disappear. Try credit karma or another site to track your score.Read More...
Last Reply By Vicki R Kemp · First Unread Post

Were you affected by the Equifax Data Breach?

Forum: Credit
Moore Income
I remember hearing about the Equifax data breach, but it wasn't until just today that I checked on this website and found out that I was affected by the breach. I didn't even know, but it does worry me a bit because you wonder if/when they might actually try using my data. Because a settlement was reached recently in this case, I was able to file a claim to receive 10 years of credit monitoring or $125 since my data was part of the compromised data. Has anyone else done this or have...Read More...
I was breached. My credit scores were also completely erased as if they never existed and im still desperately trying to get them back as I wasnt to purchase a home. Since then, no matter what I do, I still have no score. Looking for answers to resolve yours as at age 58, no score is beyond bad creditRead More...
Everyone in my house was breached. I won't take the credit monitoring service. I kinda feel it's like asking the chicken to guard the hen house. I mean, if their security protocols were so great in the first place, none of us would be having this conversation.Read More...
Last Reply By Vicki R Kemp · First Unread Post
Have you ever thought to make a fortune in online services similar to popular websites or businesses? If you do not think of it yet, then it is the right time to think over it and make your innovative idea into reality with a means of your start-up as an entrepreneur at the global level.Read More...

Work from home

Forum: Make Money
Mya Dangelmaier
Have been out of work due not being able to go in community settings because of illness. Savings dwindling and tired of looking for at home or remote only to find scams or surveys. I do surveys here and there. So any advice on reputable companies. Computer savvy. Data entry customer service. Again any help in a good direction would be womderfulRead More...
Hey @Joyce Taylor I really think you would benefit from the upcoming online events about work-from-home jobs. The host, My Employment Option, specializes in finding people on SSI & SSDI legit remote work. They have certified benefits counselors that can help you navigate your benefits and the job hunt. I highly, highly recommend you check out the webinar and the career fair. The webinar is about finding legit WFH jobs, this Thurs. at 3 p.m. Eastern. The following event is a virtual job...Read More...
I can't work either because of a illness. I am on SSI, and i would love to work from home.I have been doing these surveys, commenting of some web sites, that don't pay nothing but pennies.Read More...
Last Reply By Adam · First Unread Post

I Found Another Way, To Earn Money

Forum: Make Money
Joyce Taylor
I use this App on my phone, called Coin out and all I do is scan my receipts. And I get cash back on the web site. I really enjoy using this web site. It don't pay out much, but I still like using this web site.Read More...
Here in Canada they have Shoppers Drug Mart points card ,when you buy merchandise they give you point , I have now over $100 in credit to purchase any items from the storeRead More...
I use Ibotta and Shopkick. Both take time to accumulate a payout,but every little bit helps. I am going to try Coin Out . Thanks for the tip!Read More...
Last Reply By The Shawn Murphy Journal · First Unread Post

Money management in general

Forum: Budgeting
As a senior citizen on fixed income, you have to divide your income income in several groups: Shelter/Health care and /Emergencies. I have to have different accounts for each of these; How can I have one account and have money divided in these groups?Read More...
Out of all the replies I have read, I like the one from Kerrye the most. But I am going to keep reading.Read More...
I have three accounts at my bank. One is savings(emergencies), one for bills, and then one where my checks are automatically deposited. I just transfer a set a amount every month from my account into the other two accounts. Anything left in my account I can spend.Read More...
Last Reply By [email protected] · First Unread Post

Hello, to all

Forum: Debt
My name is Karen. I am 69 years old, retired, and deep in debt which I am trying to pay off so I can be debt free. Not getting any where fast. When I worked I had no problems now that I am retired it is a struggle to say the least.Read More...
I know what you mean by struggling with bills. I have Medicals bills, I am trying to pay off, I just keep on working online until. i have some money to send my creditors.Read More...
Hello @Karen White nice to meet you! I understand the struggle of trying to pay off debt! Just when things seem to be getting under control, something else seems to come up and set you back. I just encourage you to not give up hope! It will take a lot of work and effort but it is possible. If there are any specific areas you could use help with or need any tips or pointers please don't hesitate to reach out here on the forum. There are lots of friendly folks who are willing to be of help in...Read More...
Last Reply By Joyce Taylor · First Unread Post

Have you found a "Money Buddy" yet?

Briana
The challenge: Find your Money Buddy We all know that reaching our goals is a lot easier, and much more enjoyable when we have someone to cheer us on and check in on us, right? In our latest post on The Penny Hoarder, we're talking about how finding a Money Buddy can set you up for success. What's a Money Buddy you ask? You can read more about it here . I'm curious -- have any of you found a Money Buddy in this community yet? Someone to check in with, share ideas with and someone who is...Read More...
I and my sibling recently opened a joint account. We are required to deposit $200 to help each other save. My brother is one millionaire the primary reason why we decided to open a bank account. This will help him save since among the three of us he is the one who loves spending all his money with branded stuff.Read More...
MOORE INCOME thanks i missed that postRead More...
Last Reply By margarette stine · First Unread Post

Blogging

Forum: Make Money
Katiebug08
Hello I'm new here but have followed Penny hoarder for a while. I currently work full time right now Monday thru Friday 8-5. I hate it. I've been working these 8-5 type jobs all the time and I'm just tired of it.I've never ever gotten fulfillment from a job away from home. I would love to be able to blog about my hobbies and things I'm passionate about but have no idea where to start. The thought of having to keep up with the whole html crazy website stuff scares me but I'm so tired of this...Read More...
If you're serious about wanting to blog and make money I'd start learning everything you can about affiliate marketing. Check out www.makingsenseofcents.com or www.ruthsoukup.com . You can learn some stuff from free on these sites but to learn more you'll have to purchase the classes, which aren't necessarily cheap.Read More...
I hope you will find you interest, in blogging I would love to, do that myself I have searched on websites. But most of them want money to join.Read More...
Last Reply By lismox · First Unread Post

How Do I Earn My points

Forum: Make Money
Joyce Taylor
I am confused on this site, how do i earn my points on this site? I read the instructions I still don't get it, can someone please help me. So I can get this right.Read More...
You have helped me out a great deal, with my question I thank you a lot for this.Read More...
Hi Joyce, You can earn points by engaging within the community...posting a new thread topic, posting comments on existing threads, sharing on social, etc. Does that help? Also, you might want to check out the FAQ info in the Get Started section. https://community.thepennyhoar...reference-guide-faqsRead More...
Last Reply By Joyce Taylor · First Unread Post

Suggestions for the best type of loan for home purchase

Cindy Tyson
We have lived in a rental house for almost 30 years. A couple of years ago the landlord offered us the opportunity to purchase the house at a price well below the value. The house is on 1.5 acres in a rural area. It qualifies for a USDA loan. So far so good, right? Here's the problem, many years ago a portion of the land was set up as a mobile home lot and the landlord rented the space. Several years ago someone rented the lot space and moved the mobile home to the land. When this person...Read More...
Thank you for your suggestions and incite on my issues.Read More...
I can't guide you on non-comforming financing but a good, experienced mortgage broker might be able to help you. They would not be working for bank financing departments but instead look to mortgage companies where there are usually a lot more options for types of financing. I don't suppose the current landowner would be willing to hold a mortgage note? At least until the mobile home owners can move the mobile home. It is kind of you to keep their concerns in mind but I have a feeling you...Read More...
Last Reply By Cindy Tyson · First Unread Post

Why Google Flights Hotel Option is Better than Others?

Johnny Deep
When you are searching for a flight, Google Flights is the main webpage on the web you search for modest arrangements. Be that as it may, do you realize it likewise has the choice of inn appointments? Very few clients know about it. In the present blog, we are going to tell about it. What alternative it has, how can it help you to book a perfect inn for yourself? In the wake of understanding it, you will know correctly what you are searching for. Be that as it may, it completely relies upon...Read More...

Gambling

Thomas Teaver
What do do in a situation where you tried to gamble to make ends meet but ended up worse off than before.Read More...
Step 1 would be to stop feeling regret and wishing you can go back and change things, because reality is you can't and the sooner you can accept that the sooner you can move forward. Step 2 is to take a look at your situation and come up with a game plan and break it down into steps. If you feel overwhelmed, you may need to start with small short term steps so that you can build your confidence and work on feeling positive.Read More...
If you are able to dissect why you are in such a tough place, maybe start with 1 thing you are able to change and hit it hard. It takes a lot of strength and discipline, and you can't quit. If you feel it is an insurmountable situation, you'll have to depend on someone else doing it for you. Do you have someone like that in your life?Read More...
Last Reply By TheSugarFreeLife · First Unread Post

Out on sick leave

Forum: Budgeting
1cent
i ended up in the hospital and was out of work 3-4 weeks. I have sick time but it’s paid out in December. I was out last year and determined not to use all my time. I took 2 sick days a week and waiting for the HR to get my private disability in. I have a dr appointment with surgeon next month so I asked to return to work meanwhile to get a full check. I’m in pain but can handle it as I work 4 days 9-14 hour shifts. I like to go out in the winter if I had to have more surgery. Use my...Read More...
I wish I had advice for you.Read More...
Last Reply By MsKimberly · First Unread Post

Credit card debt

Forum: Debt
I am looking for a way to have a lower interest rate on my credit card and my credit company won’t lower it due to it being a starter credit card. Any suggestions?Read More...
Talk to your credit card companies. Explain your financial situation and ask if there is anything they can do to help. Many will lower your interest rate for a period of time and/or waive current late fee balances to give you an opportunity to catch up.Read More...
To credit card save moneyRead More...
Last Reply By margarette stine · First Unread Post
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