 Credit Card Problems........? |
| Is it possible for me to get approved for a credit card even if I have bad credit.....so far I've been denied. So is there any companies that'll approve me?... |
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 How can I find out about my wife's credit reference or bad bebts? |
| I feel sure my wife has bad debts with credit cards and personal loans, but have no evidence. How can I find out more about this through official sources? Credit references are available to banks and ... |
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 Is this legal? |
| At a grocery store downtown, there is a little "bulletin board" type thing near the cash register that has copies of "bad checks." This wouldn't bother me much, it's ... |
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 I found a credit card on the ground. How do I return it to its owner? |
| I found a credit card on the ground, but with no other things to give me information on its owner. How do I get this credit card back to its owner, since I have no information besides the credit card ... |
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 Why does the government not control the interest rates and charges the credit card companies charge? |
| Credit card companies are allowed to increase interest rates to over 30% if they want. They also determine that the consumer is a poor credit risk if they have high balances on loans without looking ... |
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 I think I'm being SCAMMED, any advice? |
| My credit card company is charging me a $90.00 late fee because they say my payment was late. As long as it is postmarked by the due date isn't the payment considered on time? Thanks.... |
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 Will my credit score be negatively affected if I pay off and close some of my cards? |
| I'm about to pay off four of the seven cards I have and I've read that closing them after paying them off can hurt my credit score. But I've also read that it may be better to keep ... |
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 Can they send me to jail? |
| I got caught in the payday loan scam. I needed money to pay bills and before i new it i was getting loans to pay back other loans. They were taking money out my account and the bank ended up closing ... |
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 How do I remove my name from a mortgage. The house was awarded to my ex via divorce decree? |
| My divorce decree gave ownership via quick claim deed to her, and states she will pay the mortgage. I am having trouble getting credit because my credit report show the loan in my name.... |
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 Im 19 and just found out the my SSN was used when i was 12 and ruined my credit HOW DO I FIX THIS MESS? |
| Im 19 and just found out my SSN was used when I was around 12 now my credits all screwed up how do I go about fixing it? Do I get a new SSN? Who do I call? etc etc etc.... I was wanna get this ... |
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 Anywhere I can apply for and get a credit card with NO credit history? |
| My bank declined my application because I have no credit history. I've never had a credit card before.... |
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 My sister has a problem with her credit report? |
| there is a few accounts on her report that were not made by her. The problem is they were made by someone she knows and doesnt want to get them in trouble. Is there a way she can lock her social ... |
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 Do i have to pay this debt? |
| had letter from bank for a debt over 10 yrs ago. i got overdrawn when their machine cocked up and they gave me money i didnt have. i thought it was all sorted 10 maybe 12 yr ago . i did not have an ... |
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 What is APR? |
| I'm looking on carmax.com at their cars and I clicked on 'Payment Estimator' and I have to enter 'Finance Rate: APR.' What is that? Is it something more that I have to pay? P... |
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 Best credit card to build credit, I have non at the moment? |
| I need a credit card to build credit, I have none and only plan on purchasing a meal a month with it and paying it off asap so I dont care about how much the limit is or anything. Just one with the ... |
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SharpDr08 | Buying a House with Bad Credit? |
I am 27, i have been out of job for a year and now i'm back working at a new job and i live with my parents. I really want to buy a house, i have $30000 in student loans and i'll be adding more to that when i start grad school in june. I had many credit cards when i was in early 20's and made late payments and such but i paid them all off. Now, I only have a one credit card and have missed couple of payments but now i paid the whole thing off as well. I don't want my parents to co-sign or anything, so would i still be able to qualify for a home loan just by myself? I welcome any input! |
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nebula7693
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The problem is that with the problems in the mortgage industry right now due to the fallout of the subprime market is making it increasingly difficult for people with poor credit histories to obtain loans. Your work history will also hamper your efforts. It is understandable that you would put your schooling ahead of work (as it should be) but the fact that you have just started work after a year of unemployment will not serve you well.
You are in a situation where you should just wait and get yourself financially stable first, THEN consider purchasing a home. Keep making your credit card payments on time, don't EVER charge over 1/2 the limit on any of the cards, and keep your debts to a minimum for the time being. Save as much as you can for a down payment. About a year before you are ready to apply for a mortgage, go to a reputable credit repair company and have them work on your credit report. This will maximize your chances of successfully applying for a mortgage.
If you have any further questions, please feel free to email me at nebula7693@yahoo.com |
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Pravda
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My suggestion is to buy a 3 in 1 FICO credit report because you need to know your FICO credit score. By doing this you'll be able to form a plan of action to correct any problems your credit may have. You can also visit http://www.thecreditrepairmanual.com for a low cost way to learn how to improve your credit score, dispute accounts, and write professional letters of dispute. |
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nwftbl25
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Why do you miss payments?? Pull your credit report from the big 3 at annualcreditreport.com and then start to dispute the incaccuries. Hopefully that will raise your FICO, but with such a high debt to income ratio you are likely screwed. |
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PMS 24-7
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All the things you mentioned will affect your credit score, but it is possible for you to get a home loan. Find a good mortgage broker in your area who can find the right deal for you. That's what I did. (I'd had a bankruptcy in the past and bad credit.) My broker helped me get a loan with Citifinancial. At first the interest rate was a little high, but after 2 years if you make the payments on time and stay on the right track, you can refinance and get a better interest rate. |
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harish
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Small steps like paying your bills on time and using only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected in your credit record. More tips available at http://www.acreditlibrary.com/buildcredit.html |
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iceman
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Well you didnt exactly state what your credit score is. Just having alot of debt does not mean you cant get a house, it just might mean you can afford slightly less. But if your credit score is way down due to your missed payments then you may have a problem.
Find out what your score is. If you are over 600 you will be able to find someone to approve no problem. You will not get the best rates though. |
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hendy h
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It is not difficult to get your mortgage approved even with bad credit rating. The key is to choose a right lender who deals especially in bad credit mortgages. There are lenders known as Subprime mortgage lenders have various programs that cater only to the homebuyers whose credit rating is bad. Do not go to your traditional mortgage lenders or banks, which are more likely to turn you down.
Many of the traditional lenders have a condition about your employment. They expect you to hold a steady job for at least 2 years. On the other hand, the subprime lenders expect you to be at your job for only a year. But all these subprime mortgage lenders will not finance you totally. Hence you have to look around or ask the mortgage broker to help you find the right subprime mortgage lenders. |
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DaMan
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You seem to misunderstand how credit works.
You PAY ON TIME.
EACH AND EVERY TIME.
ALL THE TIME.
You just don't decide to miss a couple of payments -- let stuff hit the ceiling -- then play housekeeping by paying them all off. This method still undermines your creditworthiness.
That is not how credit works and to want to get a house when you have so much debt already and are planning to go BACK to grad school is somewhat delusional.
First things first -- show yourself approved by paying on time for 24 MONTHS STRAIGHT WITHOUT exception.
Then let's have an intelligent discussion about getting you into a home with rehabilitated credit. |
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