Hello ask le … I’m thinking about applying in the summer and I have about 6k in cc debt I had my kid at 19 and wasn’t making good money so I ran up my cc recently got a second job to pay that down and my credit score is 670 I’ve heard that they look hard into your finances and was just wondering how much that would affect me ?
Financial question
r/AskLE
Comments
I think you are fine. The credit score is ok and as long as you are making the payments on time they won’t look into it a whole lot. Just pay down as much as you can before you get to the backgrounds.
You’re fine. If you aren’t delinquent in payments and aren’t consistently living beyond your means and can explain your debt, it isn’t the end of the world.
6k is a nonissue as long as you’re making your payments on time and have a not miserable credit score.
I have like 35k in cc debt. All accrued while my girlfriend was in law school and we lived off one income and her occasional loans. Good credit score, good debt to credit ratio and payments are on time and more than minimum and no one cares. I made a point to have a whole conversation about it with my recruiter and literally no one cares.
My bestie had 20k in cc debt, a 250k mortgage and a 30k car loan and got offers from 3 of the 4 agencies he applied to AND got picked up as a fed TFO 2 years in.
All that matters is your overall score and your payment history.