 Loan or Credit Card? |
I will shortly be purchasing a car and will need a loan of some sort to fund this. Which way is better:
To have a personal loan for £4000 over 2 years at a rate of approx 7.9%
T... |
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 Double up on your car payments or double up on your rent? |
| Which one is the wiser choice? If you could be ahead of the game as far as payments and you needed the security of paying ahead of time.... |
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 Hi,i aplied online for a bad credit loan they sent me a letter the other day which goes something like this? |
| we are pleased to inform you that your aplication has accepted,please send a cheque for £49 for brookers fees and prossessing your loan and we shall proccess your loan immedatly,does this mean i ... |
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 What's your idea of credit cards? |
| Some people have credit cards and get in dept, but overs get better credit.... |
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 What should I do to keep creditors from calling? |
| I am in a position that I won't be able to pay on two lines of credit. We're having a baby, we've cut down expenses to help with that, but w/ the credit card payments, we won't ... |
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 I have $20,000 in debt? |
| I have 20,000 in debt and I was wanting to do debt negotiation. I was wondering if that is all they say it is. I also wanted to know the best way to pay off this debt. I have switched all my cards to ... |
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 What is the best solution for credit card debt? |
What is the best solution for credit card debt?
I am way in over my head, I have 6 credit cards and I'm over $40,000 in debt. I have tried to take out a loan at the bank to consolidate but ... |
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 $125,000 Credit Card Debt? |
| We are a married couple, both are 32 year old, we lost jobs 2 years ago & came up with $125k unsecured debt. Now both are working & our monthly income is around $6k before tax, which is $4500 ... |
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 When's the best time to pay off your credit card debts? |
| I want to focus on buying a house soon, and raising my credit is my main priority. I just got a credit card, and want to know if I should pay my debts off little by little, or at the end of the ... |
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 Bad credit.. possible loan? |
| I have really bad credit and I would like to try to take out a loan to buy a used car.. with my credit, who can i go through and what can i do to get a loan? how much would i need to put down for a $5... |
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 Can I use my daughters social to buy a computer? |
| I want to buy a computer and my credit isn't all that good. I wanted to get a dell and they give you an option to get a credit card and pay monthly payments. My daughter is 3 months and she has ... |
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 Credit Card? |
| My husband is going to be off of work for a medical reason. We are self-employed truck drivers. Does anyone know how to make offers to credit card co. we don't want to default on anything it ... |
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| Not using any credit cards. What do I do in an emergency? |
| Or for an expense that was not budgeted for? Or for an expense that's more than my emergency fund?... |
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 Do you think money is the worst thing ever invented? |
| would'nt it be nice to have a world where everybody has a good life.... |
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preciseonegirl28 | Credit Questions? |
Okay so my credit isn't the greatest and I am working on improving it. My question is this, how am I supposed to improve my credit if no one will GIVE me any?? It's really frustrating any advice anyone has would be greatly appreciated. |
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aheitzman
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Hi preciseonegirl28,
I know many people in your same situation. But there are ways to still rebuild your credit so that you can get back on track. One of the quickest ways is credit cards. But you don't just want any you want one specifically designed to rebuild credit. The best card out there is the Orchard Bank Mastercard because it actually reports to the three main credit bureaus when you pay your bill. By doing this it raises your FICO score faster. Below is a link I found to view this card. I would reccomend taking a look.
http://www.0-apr-creditcards.com/orchard-bank-mastercard.htm
Hope this Helps! |
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ndea_1999
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You claim that your credit isn't the greatest, this suggest to me that you at least have some credit? You'll need to start by working with what you've got. If you have any credit at all (student loans, credit cards, utility bills, overdraft protection) make a point of paying a little more than the minimum on time! You have to establish an effective credit history before anyone will loan you any money.
You may want to consider obtaining your FICO score and credit report from trans-union or Equifax. It will outline how well or how poorly you're doing credit wise. Typically a score of 710 is average. The higher your score, the more you save on mortgage rates, car loans and interest. |
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gum s
 |
I hope this helps you:
Step-by-Step Credit Repair Guide
http://www.debt-loan-refinance-mortgage-credit.com/category/Step-by-Step-Credit-Repair-Guide.html |
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snowraider
 |
You must first LEARN how to raise the credit you do have.
You don't want more loans and credit cards if you can't even handle the ones you already have.
Pay at least the minimum EVERY MONTH, ON TIME. If you are late, this stays on your report for 7 years.
Do not go over your credit limit.
Call your credit card companies and lower your interest rates.
Pay off your cards completely.
Be selective in which cards you apply for. Don't just apply to a bunch of different offers in hopes of getting a card. Inquiries will be made on your credit report.
If you have bad credit, you don't want to tack on more credit cards -- the interest rates will not be good. Wait until you get your FICO score up and then try. You'll get better deals.
Do research on personal finance and credit management. If you want to use credit and loans, you must be responsible enough to know how to manage it all. Otherwise you are getting yourself into a lot of trouble.
Good luck. |
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freemansfox
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The best thing that you can do for your credit is buy a house. If you get rid of all credit cards but one, never take it to the limit (that counts against you) pay off monthly. Start saving money - get 10% for a house and they will give you a mortgage. If you do not make a lot of money still save 10% depending on where you live there are all sorts of programs. In MO if you qualify they will give you up to 20,000 for down payments and pay all the points. So if you do 100,000 home and have 10,000 - you will surely get your mortgage and your house payment could be as low as 400-500 dollars.
Your credit will then soon jump into the 700's - I know I have done this - and I had filed bankruptcy almost 10 years ago now.
Good Luck
Scores between 620 and 650 (average FICO scores fall into this range) indicate basically good credit, but also suggest to lenders that they should look at the potential borrower to assess any particular credit risks before extending a large loan or high credit limit. People with scores in this range have a good chance at obtaining credit at a good rate, but may have to provide additional documentation and explanations to the lender before a large loan is approved |
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Jim
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If your credit history is bad, the last thing you need is to get deeper in debt. Work on paying your bills on time, and eventually your old history will become less important. You might also consider getting a second job, and finding ways to cut expenses. If you really need a credit card to do something like online transactions, you may have to get a prepaid credit card or a debit card from your bank. Just getting in more debt will not solve your problems. |
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humanresourcesman
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Go to a bank and explain this problem. Put up a savings account of $500 as collateral for a a $500 loan. When you repay it, ask for a credit card with a $500 limit with the original $500 securing it. After a while apply for another one. You may be surprised. |
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Mrs. Know It All
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There are credit cards out there that are available to people with not so great credit. They don't give really high limits but when you show that you are responsible and pay bill on time they slowly raise it. Don't let this make you spend more! Talk with a credit counselor and get some advice on how to build your credit. |
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Molly323
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Since you have bad credit it might be a little harder. I know one website where they have a bunch of different credit cards listed, even for people with bad credit, maybe start with that and make sure you pay on time! Go to www.creditcards.com and they will list credit cards for people with bad credit, and see if you can get one. You can apply online and will usually get approved/denied the same day. Good luck! |
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troythom
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Time and stable payment history is the only way. You can get a secured credit card. Just make sure they report to the credit agencies. Do a search for secured credit card online. Tons of offers. |
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kcincon
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"Secured" credit cards are the way to go when you have no credit, maybe as well for "bad" credit. That means you deposit the money with the card issuer in a bank account in the amount of your limit, so if you default on payment, they seize the bank account, but if you pay on time from other money, you build credit! |
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cargrl
 |
Well I work for a car dealership, and we have a loan company we go through called credit acceptance everyone gets approved you just have to have a min. of $500 down. The loan is short term, high interest though. If you pay on time for a year or two on this your credit will change for the better. I am not sure if they offer this service where you live but the other car dealerships might have something similar to it. |
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brendalutoo
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If you have a mortgage and at least $10,000 in other debt check out: http://www.NoDebt4U.org
This company gets rid of all your debt, including your mortgage in about 9 years. No upfront fees. Does not mess up your credit. You can get a free 6 page debt analysis to see how it will work for you before you get on the program.
If you don't have a mortgage or don't qualify for the program you can purchase their Money Mastery Kit. It is a do it yourself program. |
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dantrumble1974
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Pay off and dispute ALL old charges. Seriously, I know it sounds crazy but you can do it on line. Just dispute EVERYTHING on negative on your credit report. Late pays, delinquents, etc. The credit company only has 30 days to repsond. They don't about half the time and it drops off your credit- NEVER TO RETURN. That'll jump your score about 100 pts. in 2 months. Typically.
Slainte,
-D |
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