 Can this go on forever? |
| A negative action on my credit report is supposed to fall off in 3 years according to what I see here. Can the collection agency renew my status as active or sell it to another agency to collect with ... |
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 Does bad credit ruin my chances of obtaing an auto loan? |
| i am applying for an auto loan through hbsc and i currently have a low to fair credit score. i also have a credit card that is closed and still unpaid. does this ruin my chances of being accepted for ... |
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 Repairing credit-Is it true old debts do go away after time? |
| I am trying to get an apt., so I recently had my credit ran, thought I had really really bad credit, turns out I only have two recent accounts in collections, which I've already requested ... |
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 If an overdue account is sent to collections, how long before it's on my credit report? I was told 2-3 mths... |
| I had three cell phone lines with Sprint that I decided to cancel because Sprint's customer service is the worst. Anyway, since I did it before the contract expired, I'm being charged the ... |
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 What happens if I have an unpaid credit card bill and I do not work therefore I don't have the money to pay it |
| A "Law Firm" out of CA called me last week and spoke to me about a credit card bill I had that is past due. The man told me that the Office turned the bill over to them because it was past ... |
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 I applied for a loan. My credit rating is poor but it looks like i was accepted? |
I am being sent a credit agreement. does this mean i was approved?
Additional Details
kerTCHING!! drugs and hookers!!!!... |
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 Can I cancel my credit cards before the balance is paid off? |
Hi,
I just got out of graduate school and have a lot of credit card debt on several cards. A few have decent interest rates. It would be great to cancel all but a few and keep paying them off. ... |
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 Repo question and a general credit rating question too!? |
| Okay, this is a little complicated. My fiance and I are about to get married and want to buy a house, among other things. Basically, we're trying to get his credit rating higher, because in his ... |
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 Do you have to pay to own a credit card? |
| I am thinking about getting a credit card, so I can pay for things over the internet, and then just clear my balance whenever I use it. Would this cost me anything? Do you incur charges if you don... |
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 Is there anything wrong with GA TRUST FINANCIAL? |
| I applied for a loan and just waiting for my funds, so far they are pretty good with me. do you think they are for real?... |
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 How do i handle this situation, i used my dads credit card through pay-pal ad he found out? |
| I used my Dads credit card through pay pal, and he just found out, in total i think i wasted about $160, but the money was wasted in breaks trying to see if he doesn't notice. For a while it ... |
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 Any company that provides loans for bad credit? |
| need to find a company that provides loan for people with bad credit.. no down payment ... |
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 We are trying to buy a home w/ credit score of 557..... Best way to improve credit quick? |
| We plan on putting 40,000 down in a house priced at 165000. We also have an extra 20000 cash. We currently have 3,400 in credit card debt on a 4000 limit. Is it better to pay the debt down, or ... |
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 How does this happen? |
| Me and my mom had an account with US bank and I was a minor. My mom racked up 982 dollars in debt with them. For some reason they think I owe the money. I was a minor when this happened. they later ... |
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 Is a 606 credit score good for a beginner? Im new to this whole credit stuff!? |
| Im 19 years old and im just starting to go in this credit thing. i had a credit card now for a year. I had no problems and have been paying my bills on time. But I was shocked that my credit score ... |
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 What's the best way to pay off 23G's of debt? |
Current APR varies from 23 to 30%, HELP!!!
Additional Details
Current apr varies from 23-30% but I don't want to consolidate b/c the cards will be closed after they have been paid ... |
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 How many of you live of credit cards?? and what will you do when you are up to your credit limit?? |
england is very much living off credit and is very much in debt with bank loans etc ..i just wondered what every one who has credit cards and lives of them will do when their credit as run out ??
... |
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| Is it a good idea to start establishing credit as a college student? |
| I am about to be a sophomore in college. I am not a big spender, but every once in a while I'll make a purchase that either requires a credit card or I would rather not pay with check or cash. I ... |
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drummergirl | How to build great credit fast? |
i have a credit card that i pay off every month but its only been like 4 months. and my brother says dont pay it off just make the minimum payments cuz its better for your credit that way. i always thought the opposite. i pay on time everytime. and im 22 and live with my parents. no car payments.low paying job |
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roginad
|
Continue to pay your card in full to avoid financial charges. Credit agencies reported ending balance from your statement, doesn't matter how you pay it back. Use your card in smart way - your ending balance should not be more than 40% of your credit limit.
You need at least 3 active trade lines (credit cards, auto or personal loans, etc.) to make sure that your credit has a solid base. Try to keep you balances on the above mentioned level, but try not to close them or keep $0.00 balance. This might hurt.
Keep in mind, new trade line will affect your credit in positive way in about 3 month after you opened it.
Deliquences and collections hurts a lot. Try to avoid these records. Normally, it takes at least 6 months to build good credit from scratch.
Provide details, if you need more help. |
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bdancer222
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Carrying a balance and making payments instead of paying in full every month DOES NOT help your credit score. People come up will all sorts of reasons why they think making minimum payments is better but the simple fact is that credit cards do not report how much you payment was. The just report if it was on time or not.
Pay the card off in full or make minimum payments. Your credit report will read exactly the same!
Don't carry a balance. Why pay interest? And don't fall into debt.
As to building a great credit score, it takes time. Most important thing is to always pay on time. After a year or 2 of consistent on time payments, you will have a good score. |
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muffin
 |
Keep doing what you're doing! |
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Major Score
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You are doing the right thing. Your brother gave you good guidance. Now don't blow it by missing any payments. I see credit reports everyday from people who had great credit, but lost 50-100pts when they started missing payments. The sad part was, it was just poor bookkeeping -- they had the money. Now you need just a bit more time. Perhaps add another credit card that has a bit higher limit. I'm not sure what your hurry is...perhaps a new car? Check with your bank, they may be willing to work with you. |
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david a
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to raise credit score
1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3.To boost your score: Don't charge anything for at least 60 days before applying for a loan
4. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.
5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.
6.To boost your score: Don't close unused accounts when you transfer debt.
7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan.
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http://www.bestcreditrates.net |
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blu3skY & SuNnY dAys :D
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Keep up with the full payments on time! everytime! |
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araknid80
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Put money into a savings account, then go to your bank and do a secured loan, borrowing against the money in the account. Make regular payments, don't pay off early...do this again and again...it will build your credit the easiest. |
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Ron K
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Checking and savings -
Small loans andCC's paid up |
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Gem
 |
If you want to improve you score you need to have a small balance for a few months and make a little more than the minimum payment (yes on time). After 5 or 6 months you will have credit card companies coming out of the woodwork to try and get you further in debt.
By paying off your card in full every month, the credit companies feel you are a bad risk because they AREN'T MAKING ANY MONEY.
In order to be attractive to credit companies you have to let them earn a little. Yes, it seems backwards, but it is true.
Just be careful and don't use this as an excuse to max out your card and make min payments. Once you start getting offers for bigger credit lines and better interest rates you will know that your rating has improved. Then go back to paying it off every month. |
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lemondrop1986
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Just keep doing what your doing, you don't want to get caught it that trap of accumulating a high balance.
If you want to build your score you can ask someone who has great credit to add you on their credit card. |
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