 Having problems re-establishing my credit? |
| Hello, I am 27 years old and have problems re-establishing my credit. When I was younger I had problems managing credit. I really did not understand the consequences of how credit can affect your ... |
|
 Ebay payment question? |
I'm new to ebay, and have just bought something for £30, plus postage of £5. I put through the payment a couple of days ago for £35 via paypal.
The seller is saying they've ... |
|
 First Auto Loan? |
| Im going to my bank to try and get an auto loan. I dont have the best credit in the world, will it even be possible to get a loan from them? What exactly should I take with me (paper wise)? Anyone ... |
|
 Does anyone know where i could get a loan without a checking account or credit card or no job or credit check? |
| hi does anyone know where i can get a loan without a checking account or credit card or job or credit check because i need to pay my bills ... |
|
 Is there a website where you can view your credit report free, no credit card needed? |
| Every other website that says it can give you your credit report for free asks for credit card numbers( I don't have any cards) does anyone know of any that don't require card numbers? ... |
|
 I got served a summons for an old credit card bill, do I have to appear in court for this? |
| I didn't think that credit card companies could do this. It's been like 4-5 years since I've seen or heard anything about this account. I disputed the charges years ago on my credit ... |
|
 Great need of money.? |
| I need to find a guarenteed loan as I have no good credit its from years ago and I have learnt how to use money now and Im paying my way as you should do! However I have three loans due to end in 2009... |
|
 My husband has excellent credit and i do not? |
| i only have fair credit from my mistakes years ago. we want to buy a house, can we just get a mortgage in HIS name? i don't have to be on it , do I??? my credit would surely screw everything up!<... |
|
 Can you remove a collection from your credit report once it has been paid simply by trying to negotiate? |
| I received a letter from a collection agency stating that I had 5 days to pay an account or it would show up on my credit report. I complied and sent off a cheque for the balance immediately and it ... |
|
 SO ..i have no credit and i wanna know what credit card and company is best for me? |
| im 18 and i need to build up my credit but i dont know anything about credit cards and all the stuff of apr??....so i wanna know which credit cards is the best one to have?... |
|
 Which credit card companies issue co-singing? |
| which credit card companies allows co-signing where the borrower's credit is reported to credit bureaus?... |
|
 Balance transfer question? |
| If transfer balances from a credit card to a new credit card, does the new card take all of the debt that is requested or can they choose a portion of the debt and then you are left with two cards ... |
|
 Mortgage for Discharged Bankrupt? |
I am a discharged bankrupt (2.5 years clear now) but had the house I was buying at that time included in the bankruptcy, so it was technically re-possed and any shortfall added to the bankruptcy.
... |
|
 Court Case is Tommorrow HELP!!!!? |
| tommorrow is my court case, to sum it all up. 3 years ago, I maxed out my $3,000 Credit card. Lost my job, place, and car. Now the credit card is trying to sue me for $6,000. Obviously, the other $3,0... |
|
 Is a paralegal just as safe to use as a lawyer for bankruptcy? |
| A co-worker of mine referred me to a paralegal that has helped a few of her friends and cousins get through bankruptcy. He is only going to charge me $600 (as opposed to up to $1700 with a lawer) and ... |
|
|  |
Erin S | How is a credit score of 639?? Is that good or bad? |
|
 |
 
SPIFIMAN1
 |
The national average is 675, so you are below that but not by much.
The more important question is what makes up your score.
Credit scores are made up of the following;
1. Payment history 35%
2. Time in bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Credit to debt ratio 30%
As you can see 1,2&5 are the most important as far as score is concerned. But you need much more then just a good score, you need a good profile as well.
You should have 3 credit card accounts (revolving) with balances below 30% of your credit limit and at least 2 cars, boats, homes, furniture or peraonal accounts (installment) all with good long pay historys to have the best score/profile.
I look at credit every day and see young people every month that have a 700 score and can not buy a car because their score is made up of 1-credit card with a $500.00 limit paid 15-times and a couple of student loans.
While this produces a great score it doe's not really show the ability or willingness to actually pay anyone. |
|
arosenboy1
|
It depends what you are looking to get (ie how much of a loan/mortgage) but generally 639 is slightly above average |
|
T the D
 |
You're right in the middle. It's good enough to get you approved for credit cards and loans, but if you can work on bumping it up into the 700 range then you will get better interest rates and will qualify for better loans.
But right now you have nothing to worry about! Just keep building good credit and you'll be all set! |
|
leadersexcel
|
That is not too bad, but keep working on it to get it over 700! |
|
Enchanted
 |
It's about average; you'll be able to qualify for credit, a home mortgage, etc. Higher is better, but this isn't 'bad' |
|
mike g
 |
Not bad, you should be able to find credit pretty much any where, with pretty good rates. Get to the low 700's and you are sitting pretty. |
|
iceman
|
Most lenders say that 630-680 is considered "average". However 639 would be on he low end of average. Its ceratinly not a bad score, but some lenders might charge you higher rates.
At a score like that though normally you will not have a problem getting credit cards or most types of loans. As long as you have a stready income. |
|
Julie J
 |
im only in 7th grade........
but i think its good |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 23 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
9 | 3 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
9 | 4 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
