 Horrible Credit.I Need Help? |
| I'm 22 and I have horribly bad credit . I have 2 capital one cards with $500 credit limit. Plus I have been financing a car for 3 years, with 2 more years to go? Is it hopeless that I will be ... |
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 Why doesnt my debt of almost $8000 show on my credit report? |
| Stopped making $300+ payments in 2004. Shouldn't this show up as an adverse account on my credit report? Why isn't it there? It should at least be listed and say "charged off as bad ... |
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 If I pay my mortgage late, but under 30 days, will that affect my credit? |
| Unfortunately, I got into the habit of paying later in the month and haven't been able to get back to paying on the 1st of the month. I asked someone from the mortgage company, when I called to ... |
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 What is the best way to establish credit after a bankruptcy? It has been about 3 years since.? |
Additional Details
I've read about opening secured credit cards (pay $300 deposit on a $300 card)... |
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 Whats the best credit card to use? |
| well my husband whats to get a credit card and dont know the best one to use can you please help?... |
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 Where can I find a fast personal loan? |
| I am in need of an unsecured personal loan today!!!! I have a bad credit score. I am working to try to get myself out of this mess, but it would make my life easier if I could pay some of these bills ... |
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 How do you find out what's wrong with your credit? I just applied for a credit card and was denied. I have a |
| couple of theories as to why and what i owe being the culprits, but how do you find out exactly what is making your credit too bad to recieve a credit card?... |
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 Credit card question? |
| I need to move to LA and fast to start college. My mom and possibly my brother are moving with me who both have incomes to help me with living there, but the thing is coming up with the money to move ... |
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 Why do people live way beyond their means? |
| I understand owing money on a house or even a car, but why are people so in debt? We (our family) only spend money on things we can buy outright, no credit. Sometimes we have to save for several ... |
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 Do most credit cards have annual fees? |
| I'm still pretty inexperienced with credit. I've only had one credit card (a Visa) for the past three years, and it has no annual fee. I just got a second (a MasterCard), and it has an ... |
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 Child support? |
| My BF has a child support judgement on his credit report. It's compleltly paid up in full and his has paperwork proving it. This is the only debt he has on his report. Even though it's ... |
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 How Much Is Your Total Debt? |
How Much Is Your Total Debt?
Mines is $15,000.00... |
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 What to look for before applying for a Credit Card? |
| I have never had a credit card and I don't have a clue what to look for in the terms and conditions before applying.... |
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 I got credit issues what to do!? |
| Ok Im 25 now, in the past when I was in high school, I got 3 credit cards and maxed out, Since about 03 I havent paied on any of them, now they are charged off. I tried the whole CCC thing but it was ... |
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Karen M | Grace period/late on car payment? |
I have been sorta late on my car payments for the last couple of months, they just keep hitting me up with late fees, which is fine, I completely understand that. What I am wondering is, if I keep being (usually 10 days at the most) late on my car payments, will they reposess my car?? Everyone tells me not to worry that there is a grace period, and so far, nothing has been reported on my credit report for being late... thanks |
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SPIFIMAN1
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Auto finance is what I do for a living and these people do not know what they are talking about.
First of all you must be 30-days of more late with your payment for them to report it to the credit bureaus.
Second they can not even think about repossessing your vehicle until you have missed 3-payments.
Third the only negative thing that will happen besides the late fees is that your account will be flagged as whats called internally late. This will keep you from being able to get additional loans from your lender and will cause them to not want to work with you if you are ever in default. |
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stan c
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See if they will give you a 2 month extension on your loan. In most cases, it is available after 12 months. If they will not grant it, try paying 1 1/2 payments for 2 months, that way it is putting the account ahead 30 days. |
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Sweet Lilies & Lavender
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There is a grace period on most auto loans. Usually it is 7 days. If they received it within 10 days, they usually will hityou with lates fees, and not report it on your credit. However, you might want to be careful....many creditors report every three months. As long as you are making your payment, weather it is late or not, they can not reposess your car. |
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Motherof2
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I've always heard that you have to be at least 3 months overdue before they can legally repossess your vehicle. |
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Jessie H
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As long as you are making the payments, I don't think they can repo you car. Late payments do affect your credit score. If you are always 10 days late, maybe you could call and see if you could get the payment date changed from like the 1st to the 15th |
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wizjp
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usually they won't even think about beginning a repo action till you are 30 days late; doesn't mean they can't.
Read your loan documents; each loan is different and the conditions are spelled out there. |
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shamieya
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It is usually only reported if you are over 30 days late. You probably won't have problems if its less than that. You might want to change your payment due date if you are always 10 days late. |
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saddledheart
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once you have established (ususally over a 4-6 month time) that you are a late payer, they will report that to your credit report. But if you are able to swing back to the 10 days and begin your payments on or a few days before the due date, you can begin a new record with them. For your car to be repossed it takes not making any payment or working out any arrangements with the creditor. They simply don't come get your car, they benefit more if you make the payments, at the beginning of the loan, most of what you pay is the interest that would be collected over the terms of loan, so they are happy that you are paying cuz right there is how they make all their money. If once you are paying most of the principle (the actual car value) they get a bit stiffer with the payments. Cuz they stand to loose more, the actual car if you aren't making the payments then.
Late is alright, it's not good, if you want to maintain an excellent credit rating; I know the cycle of getting a few weeks behind and not being able to reverse it cuz other bils are due, but you won't loose your car for payments that are 10 days late. BUT think about the interest that is adding up and late payments you are paying it may be very worth your while to switch up the payments so you get yours in on time. |
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Seth g
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one thing I can say is that if you having trouble making payments go and talk to them most of the time they will be more than willing to try and help you make your payments on time
if its just that you are forgetting then all I can say is find a way to remind yourself |
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DonPedro
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They may not repossess your car but they may place a mark on your credit report if you consistently pay late, especially if you make a payment 30 days late. Even if it is an accident or not your fault.
This could affect the interest rate of the next car or house you buy. |
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sunbun
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Yes, they can repo your car the very next day after you are in default....most MAJOR financial institutions will not reposses so quickly...however, a very small institution will not hesitate to repo the vehicle when you least suspect it. |
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mikalina
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Why risk it and end up with a mark on your credit? Besides, why keep paying late fees? Get your bill to current, then call them and ask about moving your payment back by a week or so. I did this, even though I was never late, my car payment was due 5 days after rent and phone bills. They moved my payment to the 15th. Now I have that time to get another check before my bill is due. |
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