 Help me fix my credit!? |
| How can I fix my credit report on my on without an attorney? Is there a form I need to fill out? Will writing letters to previous creditors help? I need to boost my credit score!... |
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 Should I file for bankruptcy or work with a debt management agency? |
| My husband was out of work for almost a year and I lost my job. We have almost 30k in debt on credit cards. We have never been late with payments but it is starting to get tight. Should we file ... |
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 Will my bank give me a secured loan with my car title? |
| I have terrible credit and I need a loan. I have a paid off newer nice car bought with cash. Do banks give small loans with the secured car title? I don't want a to go to a title place becuase i ... |
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 How do I find out my credit score? |
| From a legit place, not having to pay for anything (my info right?) and not having to sign up for anything....... |
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 Gave my credit card to a friend but got it back then became a victim of fraud whatare thechancesit wasmyfriend |
| My friend (someone who i was pretty sure i trusted) needed cash to get something.. not thinking about it i offered my credit card. He used it for a minute then came back out andgave it to me. When ... |
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 Is this loan a good idea? |
| We have 3 credit cards: Balance of 530 with 19.8%, 1640 and 1738 both at 29.99%. My hubby had cosigned for his older brother a car and we had to take it from him. It was in a wreck (hit and run) ... |
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 Question about mortgage interest rate....? |
Is 5.9% fixed a good rate?
Is it lower or higher than you're paying now?
Additional Details
30 or 40 year, my choice.... |
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 What are the easiest and best credit cards for someone to get-have OK credit history-noty excellent but okay.? |
Additional Details
sorry should of said I already had a capital one card....its maxxed out !!!
need another!... |
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 Does any one know where I can get a credit card without having any credit? |
| I really want to help a friend out when she is in a bind., her family does not have too much money and I will do anything for ... |
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 A Question About Credit Reports |
| Does anyone know how to get your credit report without having to have some kind of membership and where you don't have to use a credit card? (freecreditreport.com is NOT free!)... |
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 Are there any downsides to opening 20 bank accounts in one week? |
I want to open checking accounts at different banks just for their bonuses ($100-$200). I will close most of the accounts after a month or so.
So are there any downsides to this? Does my ... |
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 HI im 20 and i have probably have over 5000.00 in debt? |
and ive havent made any kind of payemt on these for 2 years if i was to pay all these off in one lump sum would i be able to get a credit card again
Additional Details
its not all credit ... |
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 How do I transfer my car loan to someone else and have them take over the payments? |
| I have decent credit and I basically need out of a loan I have. I have heard that people interested could take out their own loan and purchase the car but I was hoping that there may be a way to just ... |
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 Debit Card Fraud? |
Yes, Just few days ago...someone took my money out of my checking account without my permision.
No, I didnt lose my credit card or debit card or anything...
Someone from Chicago ... |
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 Is there a way of knowing which stores use which credit bureau? |
I am interested in getting some type of store card (example: walmart, old navy, target, best buy and others)
Are there certain stores that get your credit report from one bureau or another?... |
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april_hwth | How is a credit score calculated? Read further? |
Is it true that they look at how many credit cards you have and determine how far you "could go" into debt? For instance. A person with 1 zero balance credit card would have a better score than a person with 20 zero balance credit cards. Is this correct. Anyone know a website that tells this? |
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smartmitch
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Your credit score is calculated based on a few factors
How long you've had a card....so keeping a credit card for a long time even if you dont use it is beneficial.
How much credit you have and how much of it you use. Dont go near your credit limit if you're looking for a good score. Having too much credit is bad too. So having 20 zero balance cards is not good.
Your payment history.....self explanatory. |
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rainfingers
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It's complicated. Having open lines of credit can actually help your score, especially if the've been open for a long time. However, if you have too much open credit (in relation to your income), that hurts your score. Also, opening a lot of new credit accounts reduces your score. |
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justbeingher
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Your credit score is balanced between how much money you earn, and how much debt you have or potential debt you could get in.
You should keep the number of cards or accounts you get to a bare minimum, and don't take every offer that comes your way. Pay off things timely. |
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sdmike
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yes - Fair Isaacs and Co is the company that makes the score models for all three credit bureaus. The link to their public info is below.
The score model is VERY extensive and includes all sorts of information about your spending and payment habits. Essentially, everything matters. If you have special concerns, contact a mortgage broker to help you assess your score and put together a gameplan to improve it. We are always happy to help a potential client get themselves into better shape. |
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jbowler
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http://www.credit-yourself.com is a great site for this kind of information.
Your credit score is determined by your bill repayment history, the age of your credit relationships - how long the accounts have been open - how much of your available credit you use and how much new credit you apply for.
In your example, both people could have equally good or bad credit scores. You need more information to make a educated guess.
But if you had one maxed out card, your credit score will probably be worse than someone who had twenty cards with zero balances. |
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rhsaunders
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That is correct. Too many cards will degrade a score, but I doubt that having four or five would make much difference. Unfortunately, only Fair, Isaac & Co. know for sure, and they aren't telling. |
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NONAME
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There is ZERO correlation between the amount of cards you have, or available credit, and your income.
INCOME IS NOT A FACTOR. Doesn't matter if you make $10K per year or $1 million. They do NOT know how much you make.
Go to myfico.com, annualcreditreport.com, fairisaac.com, all will have info for you.
Having too many cards outstanding, even with zero balances, can hurt your score. That is true. Having too many accounts with balances will hurt more. Closing out old accounts can hurt your score too, since it will reduce the average age of your accounts.
It's a dance, but the FICO guys won't tell you everything. They just tell you enough to keep Congress off their backs. There's something like 42 different reason codes in the FICO scoring system. All have different weights, and all are part of a complicated formula that will never be fully disclosed. |
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mikeherman45
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There are many, many variable to your credit score. Not just the number of credit cards you have.
Here's a site with more info.
http://www.how-is-your-credit.info/ |
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INACTIVE
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There are many factors that go into credit scores... debt to income, debt to credit limits, payment history, length of time, and also the ratio between credit cards and installment loans. There's no "better" score for one or twenty cards because it depends on many other factors. |
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