 $16k in debt--Solutions? |
| Hi! My husband and I have about $10k in debt split up through 5 credit cards, and personal loan for about $6k. However, we do own a home with a mortgage of only $100k, and are making payments on a ... |
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 Ryan is with another girl so what do i do so i can stop them cause i really love them? |
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 Can I get a Debit Card with a Visa logo on it at the age of 17? |
| I just wanted to know if I could open one up, and what I would need, if I can, to open it up. Thank ... |
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 Does this sound like a scam? |
(from craigslist)
I am satisfied with the conditions and price as stated. I will like to make payment to you through Money Order... The check will be drawn from my company account...The ... |
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| I had a loan with a credit union and paid it off (so I thought) back in Nov. 1007. The balance was around $14,000.00. Seems there was still a balance of $979.00 left. The loan was taken out in CA and ... |
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 Too many credit cards? |
| I have many credit cards: two are from major financial institutions (chase and citi),others are from different stores (express,banana republic, vs)I have about 15 credit cards, is that bad? Should I ... |
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 PROBLEMS REPAYING C/C DEBTS- can we approach the companies and arrange a settlement figure? |
| We are massively struggling to pay off our debts as my partner lost his job...another victim of the credit crunch...we have been taking any work we can get but it's not enough and now we simply ... |
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 I can no longer afford to make payments on my Flat Screen TV. What should I do? |
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 How can I bump up my credit score? |
I have a 560 something and is fair.
I hate buying things on credit so I always buy everything in cash.
Additional Details
I don't have any credit cards.... |
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 I have 3 credit cards (1 is dept. store) but i only use one which is visa, should i close the unused visa? |
| The credit cards that I do use are my department store card, and my primary visa card which i have had for over a year and a half (1,500 limit) the other card i do not use is an amazon visa card ... |
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 Someone I know did something very bad to me? |
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 Is credit card debt, destroying the life of people.? |
Some people owe staggering amounts.
When you owe over 3K on a credit card and only pay the minimum payment it would take 10 years to pay it off if you mever used it again.
I believe they ... |
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 I have bad credit i would like a store card? |
| i have a bad credit rating and would like a store card for one of the major electrical stores or to be able to finance ££250... |
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ked5504 | How long after I pay off my debts will it take to improve my credit score? |
I have about 12000 in debt that I will be paying off once I sell my house. I am probably about 5 months behind on payments. How long after they get their money will it take for my credit score to go up enough to get a decent interest rate on a home loan? |
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tragicangel33
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Well, to be honest with you your best bet would be to put the money in the bank that you plan on paying the credit cards off with. Each month you can pay over the monthly limit, but make sure you make your payments on time. By just paying off your debt it's not going to really help your credit score. They want to see someone who has really established themselves and has a good reputation. You might be able to get a loan anyway, but I will advise it might not be the best nor the cheapest interest rate. These are definite things to keep in mind.
If you do these things it will help your credit score, and you will be building a good reputation for your credit. This will also cause your credit score to go up. Once you have established good credit again, you will be able to get the loan you want and deserve. Hey we all fall into some bad times. So you aren't a bad person!! Just get back up on your feet, and move on. Life throws us curves and sometimes we have to duck, sometimes we have to tread through!
My suggestion to you would be to go to the websites I have pasted below. It explains what is a credit score, how do I get my credit score up.
Good Luck, I hope this helps! |
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little_chipmunk
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It depends on the state, it's usually 3-7 years for you to have a clean credit score. Good luck. |
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Studly
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If you do it right, several months.
If you do it wrong, several years.
If the creditor has already posted negative information to your credit report, it has to be removed. Just placing "Paid" on your report will not erase the negative information about late payments.
Once the creditor has your money, it's very unlikely he will help you to restore your credit. Therefore, get an agreement IN WRITING from the creditor to remove any negative information before you pay them a dime!
This nonsense people spread about a paid deliquent account looks better then an unpaid one is wrong. Bad is bad, and it does effect your credit score! |
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sugarbaby3174
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I am guessing around a year and a half to two years. |
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amelioj
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Credit score to improve could take a few months, mine was pretty high then i bought a new car and it dropped about 50 points this was 11 months ago and my credit score still isn't at what it was before. |
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not4u2c_yet
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Paying off all your debt may raise your score a little, but the thing that has the most impact on your score is on time payments on installment loans such as a mortgage or auto loan. If you pay everything off, and don't have any open loans or lines of credit, your score will not go up or down until there are open accounts reporting to your credit. |
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sweetdawn710
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Could take as much as 7 years to have it removed for your credit report. |
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fwferris
 |
This could take years to resolve however once you pay them off seek other credit options like receiving a new card which will be at a higher interest rate but you'll never have to worry about the rate if you pay it off on time each month. This alone after a few month will improve your rating. But your still looking at years of faithful payments to find a decent home loan. Check your FICA score yearly. You need to be at +650 for a good mortgage rate. |
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Fran
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Being 5 months behind looks really bad on your credit, however, your credit score will start improving as soon as you start paying all of your bills on time. I don't think paying off your old debt will make your score go up much at all, if anything... just make sure that you're keeping your bills current, on time payments each month is what will increase your credit score. Good Luck |
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Amanda H
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My advice would be to use the money to get everything current. Put the money aside and pay monthly for a few months, maybe pay double payments. What lenders tend to look for is on time payments. It may actually do you more harm than good to pay it all off at once. Seriously, I would get everything current, then make monthly payments for at least 6 months prior to writing the big checks to pay everything off. It helps, i know! |
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