My Credit Score Went Up 158 Points This Month

A transparent look at how I regained control of my finances

I‘ve always had a complicated relationship with money

For most of my life, I believed that talking about money was taboo. This resulted in my becoming a fully grown adult with no financial literacy and no desire to learn about it. Growing up, I learned from my family that it was shameful to imply that you had money problems, and even more shameful to not be able to “keep up” with the people around you — a mentality that I adopted until late into my twenties.

How I managed to regain control

Over the past year, I took settlements on 2 credit card accounts, entered into a loan rehabilitation program, and cut my spending by 70%. I had well over $20,000 in credit card debt and through aggressive payments and significantly downsizing my lifestyle, I’ve been able to pay off about 70%.

A few lessons learned

Making minimum payments is better than making no payments at all. For a while, my student loan payments were $5 per month. There was really no reason for me not to make these payments.

Occasional writer, and serial project-starter/abandoner. I have a lot of feelings. I also have a newsletter:

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