Day 3 as a Business Owner– Debt, credit cards, and credit scores

Day #3 (2/3 at 12:24 AM):

I am actually tired tonight. I haven’t been tired till like 3 AM the last few nights. I think I am letting my brain relax a bit today. I was actually able to sit and watch 20 minutes of Ellen, 5 minutes of Oprah, and like 15 minutes of American Idol tonight without doing anything else! That is a big step for me…

Anyway, today, I had to get my credit score info. so we can see if there is any chance in hell that any bank or credit card will loan us money. I have been putting this moment off for a few months. I used to have a great credit score until I started a business, took out a loan we couldn’t afford, charged cards we should have never charged, and then only got paid 25,000.00 income for the whole year. I used to be able to pay my credit cards off every month, but those days have been gone for awhile. Anyway, after paying 15.99 for a monthly credit report and all of the bells and whistles through Wells Fargo, I found out that between the 3 agencies, I have a 704 as my highest and 683 as the lowest. I have ONE discrepancy and it has to do with my bank loan and I don’t even think it’s all my fault. Yes, it’s the bank’s fault. I have decided.

Lesson from today: Don’t be afraid to check your credit score. Most people at some point have had a low score and there are many resources–books and websites to teach you how to increase your score. There is a lot of support out there and it is better to just find out what you are up against and deal with it. Don’t live in the dark regarding money or you will never find your way out to the light. I also realized today that it is worth it to spend $12.99 a month through a reputable agency and track your spending and credit score. You can stay on top of your financial situation, and you deserve that. Uh oh…I sound like an ad right now. It’s true though. That is advice I wish I would have heard earlier and I wish my parents would have showed me how to check my credit score and keep checking it at a much younger age. I would have been more aware and made wiser choices.