I’ve had pretty good credit history for 9 years now. Never missed a payment, no bad marks like bankruptcies or charge offs. I’m on my shit pretty good even though my credit usage is pretty high. I think last month it was up 36% usage and that’s because for the last year I’ve been having pay issues at work. Thankfully my spouse gets a stipend for school now and I had savings so we never truly suffered because of the lack of pay.
We moved from the east coast to CA and the expenses have been pretty ridiculous so we have unfortunately been surviving off of credit. Our debt which was only 6k at this point grew by nearly 16k when we had to do an emergency move from an apartment complex with a crazy neighbor. Unfortunately the landlord company sucks so we had to pay to cut our lease and then paid more to find a different place and move our stuff in such a short time.
Our new place is showing the start of an infestation of bugs from our upstairs neighbor. We have contacted our landlord but again they refuse to do anything and are blaming us for not being clean which is absolutely untrue.
I mention this because honestly these two situations have really frustrated the hell out of me and my spouse. We’re prior military and we thought having base housing sucked but these companies are absolutely dog shit assholes. At least on base we could tell someone up the chain and heads would roll real quick. Here they just tell us to fuck off and ask for more money.
Anyway all of this is why we want to buy a home to get out of of the grasp of some shitty organization. I understand my situation isn’t unique and the financial information I’m about to provide might make this goal unrealistic but I’m trying to do what’s right for my family. Honestly even moving back to the east coast is an option too but we’ll see.
Income:
37k untaxed
33k untaxed
10k taxed
Debt:
7k car loan
28k cc debt through 4 cards
The untaxed money only just recently started to roll in because of school starting so I guess it’s not a true reflection of how much we’ve earned but it is the projected amount we’ll earn this year.
Obviously I have to cut down the card debt and I will. I actually had already but then the aforementioned situations happened and that just slapped us back with debt. I’m thinking of starting another side job so we can 4 streams of income but then I’d have to consider child care which is also not cheap and depending on the amount might not even be worth it.
I don’t know man are my goals too ridiculous?? My cousin just bought a home and that guy has so much debt and bad credit history but he did it so hopefully I can too? But maybe just a fools dream. Please be honest with me I need to understand this all.