Am I Screwed Before I Even Start?
So I'm 30 years old and American and haven't had a credit card or anything before because I've been scared of ruining my life with it. I do (did, I guess now) have a bank account and I was going to get over my fear of credit cards and save up money to apply for one through that same bank to build credit through that because I'm sick of being limited by not having credit. Sounds like a great plan and all, right?
I overdrew my bank a bit ago and because of medical issues, I haven't been able to earn the money to put back in the account. Now, today, I wake up to my account being closed, my bank telling me they're filing a report with some credit bureau, and the amount I needed to repay going to a third party collection agency.
So simple question: is my credit now completely screwed over before I even try to build it just for a $53 amount I was genuinely planning to fix through my own effort?