 I have a credit card i dont use and probably never will,,,cancel it? |
Additional Details
i like the answers.. the card has a low limit and i have other open revolving accounts too (high limits)..so i fell its useless to ... |
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 Can I use my friends credit card without them being at the store? |
| She offered to use her credit card and pay half of the repairs on my vehicle. Neither one of us have enough credit to pay for the whole thing on one credit card. Now she can't come with me but ... |
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| How likely will a debt collector sue? |
| Ok i hear lots of diffrent things. I hear that they will not mess around with amounts for under 7500. It cost too much for them. I also hear that it is under like 500. I opend a credit card and ... |
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 To get credit card? |
| i used to live with family, now i moved to my property last month, i never apply for credit card in last 5 yrs but i have my credit history, so is it possible to to apply for credit cards..when i ... |
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 I have $6,000 in credit card debt, what's the best thing to do? |
| I can't get a loan because I don't have any collateral. What' the best thing I can do? Should I get a balance transfer or is there any way I could get my credit card company to lower ... |
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 Credit history? can i pay a company to fix it? |
| Is it possible to pay a company to remove bad credit listings on my credit rating?... |
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 How can you get a checking account when your credit information says checking account abuse? |
| Okay this wasn't my fault but we had a joint account and we where hurting financially and my husband NOT me wrote some bad checks. We payed off the account and all the fees but now when I tried ... |
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 Is it Illegal? |
| I have heard that you can contact creditors and make "pay to remove" arrangements with them by a lot of different sources but when I went to contact the creditor at first the acted as if ... |
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 Why file for bankruptcy when your credit rating is already bad by not paying up in the first place? |
| Example: am in debt of £6,000 for about 6 years now, i keep getting letters saying i must pay for 6 years now, but i know my credit rating is bad so what difference wud filing for bankruptcy make, ... |
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 What should i do get a loan or a credit card? |
I need about 800-1200 ASAP to pay off college buy books and other things.
what can i do to get the money fast with less fees ect.
what do you ... |
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 I am very frustrated, I cannot purchase a home because of my credit scores.? |
| My credit score is in the low 500s. Everybody is telling me I have to have a 620 before they will even consider me for a loan to purchase a house. I pulled my credit report and I have starting ... |
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 Credit cards for poor credit unsecured? |
My husband and I are looking for a credit card for poor credit. We want to use it to rebuild our credit and were told the best way to do it was to get a credit card...
Thank you for real leads, ... |
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 What is the best credit card option for college students? |
| I'm very concerned about my building my credit and I was interested in applying for a credit card with a great rate and a very low spending limit. (I'm intending on just using it for gas or ... |
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 My bank manager has requested to see me? |
| No doubt he wants to borrow some more money. When I last loaned him money, I told him that it was not 'normal' and he said the bank do it all the time - they lend money to people who can... |
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Don | How bad does a forecloser hurt you credit score if you have a score of 800+? |
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bdancer222
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Generally folks have a few late payments before the foreclosure. Also, other bills don't get paid in the shifting of money to pay the mortgage. So it's highly unlikely that you'd have an 800+ score by the time it got to foreclosure. |
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rtharp8
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drops like a rock |
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kate
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You'll be below 700 .
How did an 800+ FICO end up in foreclosure ?
> |
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Deliah
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You will drop below 600 when that hits your credit reports. |
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William
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You will go down in the mid to low 600's |
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Alterfemego
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Do you know what bottom is? If your score drops to under 600, your chances of getting a loan are pretty slim with today's financial requirements.
If you're experiencing difficulties paying your mortgage, call 888-995-HELP. This a free counseling service approved by HUD to help folks during this mortgage crisis. Don't lose because you didn't make one phone call. |
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J*A*K*C
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I'm not sure on that, but I know it's harder than ever to buy again. My MIL lost 2 homes to foreclosure and it's impossible to buy again. |
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gab BB
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You will drop below 600 |
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ds37x
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Someone asked this question on WikiAnswers and here is the answer they got:
Information about the specifics of credit scoring is largely emphirical and based on trial and error. The Fair-Isaac company, who pioneered credit scoring, is very secretive about the exact working of their software. In addition, credit scores compute ALL the information showing in your credit report each time it is calculated. Changes in your debt to available credit, other derogatory information (like late payments and collection accounts) and when these things occured are taken into account. History, specifically what has taken place in the last twelve months, is factored a full 35%. So if the foreclosure was within that time period and was removed, your score would recover a significant amount of points. If the foreclosure was older, it would not impact your credit score nearly as much. |
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Richard S.
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try identityguard.com
they have a credit simulator and you can see exactly what will happen.. some other websites offer it too. I just use them personally. |
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Rob
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The good news is you are not alone. Today, especially with all the sub-prime mortgages going belly up there are more foreclosures than ever.
Your credit score will take a big hit. But, I think lenders will have to be more lenient then they have been in the past when evaluating credit worthiness based on what is happening today.
So, it is what it is and you should continue to maintain all of your other excellent credit habits that took you to over 800. |
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