Speaking of my credit, I had an interesting phone call from a loan officer from American General the other day. Even though I have paid all of my debt off over a year ago, I am still having problems with obtaining more credit since I never paid off my past debt when I was in school. I have had many points taken away from my credit score because of late payments that occurred over 5 years ago. So I recapitalize some advice that I should try to obtain a personal loan from a local bank to help establish some credit. Maybe take out a small loan of $1000.00 and set that money aside in a savings account and make the small monthly installments over maybe a two year's time. The loan officer approved me for the loan, but said they might want to hold my car title for collateral. This kind of freaked me out a little. I asked if I could offer up cash as collateral instead, but they insisted on the car title. I never really got a loan before, but it seems kind of overboard to give a car title for just a loan for a G, even though my car might only be worth a little more than that. I want to get my credit in line so that I can purchase a house or new car in the future, but I'm not sure if it's worth it.
All well. I guess that's just part of living in the real world I guess. Remember I've only been a part of it for a little over two years now. ;-)
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