Me and my dh are about to have awesome credit. Here is our story.
We had a really hard time about eight years ago. We moved and then shortly after we both got laid off. Dh had a medical emergency right as he started a new job. The 90 waiting period for insurance was not over yet, so we got stuck with paying the full amount of the hospital bill. It was a lot of money. We got behind. We had a car voluntarily repoed. Dh then had to drive a POS that was held together with duct tape. I'm serious. Our lives were a mess. We scrapped by like this for like four years.
Very, very slowly, we were able to pay off our debts. Every time we got a work bonus, we threw it at our debt. Every time we got a tax return, we paid down our debt. We stopped taking vacations. We stopped going to the movies. We stopped eating out so much. We basically did noting but put our heads down and worked like Hell. We did this for another four years. dh was finally able to buy a new car. Mine was eventually paid off and I am still driving it.
In that time we had a child. We did so knowing that we could finally afford to have one. I was well into my 30s when I had her. The wait to have a child was worth it. We just couldn't bring ourselves to have kids until we felt like we could do it financially. We were never on any sort of PA, although I'm sure we might have qualified for it at one point in time. We thought about filing for bankruptcy, but we decided to plow through without doing that.
It has all paid off now. We are looking into buy our first home. We have been working with a credit counselor. With our next tax return we are going to pay off our three remaining credit cards, and we are closing out one of them. Our creidt is about to jump to high numbers and we are so excited we can hardly contain ourselves. The only debts we have now are student loans and dh's car. That's it! Woo hoo!
My point here ladies, is that the work is worth it. Everyone seems to want the good life right away. It just doesn't happen that way. It took about eight years to get over our hurdles, but we did it. Yes, we are doing some things late in life. I think this is good thing. We are smarter from all of the hard knocks and think it has made us better people.