 Should I file Bankruptcy or pay my debt? |
I am about 30,000 in debt, mostly from credit cards.
I was married already when the debt occured but they are all in my name, not my husbands. This weighs on me alot. I stopped paying on ... |
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 Actually, I had an interviewer ask me if they could check my credti??? I just said politely.. Why would? |
| you want to do that?...They explained it is policy and so forth...so my answer was No...I said it very nicely...I was SHOCKED that they wanted to go into my personal business????...My credit is fine.... |
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 When I try to add my credit card to my paypal account it keeps saying it is already in use by another account? |
| At first I was just using my paypal account to buy things on ebay; I was not selling anything. Then I wanted to sell something, but ebay said my email address could not be confirmed, so I had to ... |
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 Desperate for cash please help!!? |
| I've just found out that my newly aquired husband comes along with alot of debt..I need some ideas of how to make some extra cash..I've done the ebay,online surveys and I've already ... |
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 What Happens if I stop paying on my car loan? |
| Back in March, I purchased a car from JD Byrider with 22 % APR...( I know, I know). A week ago, I was in an accident, (a hit and run), so I didnt get any license plate numbers. As a result of the ... |
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 How old do you have to be to apply for a credit card? |
| How old do you have to be to apply for a credit card? (Discover, American Express, Visa...)... |
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 Can I use more my debit card and spend more that what is in my account? |
For example, what is I have 5 pounds in my account, but I want to spen 10. Will my card work?
I know there is the risk of overdraft, but I need to spend the money today and I will put it in ... |
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 Do you think there should be harsher laws with people with delinquent debt? |
| Ok here is the thing, i see people owing thousands of dollars in debt and get away with not being forced into paying it. For cc companies/collection companies dont sue because its too much hassle ... |
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 What's a good way to build credit, when you have no credit? |
I tried two department store and I wasn't approved because of innsufficent credit.
So what is a good way of getting credit?
I was wanting to get one item at a time and pay it off ... |
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 Took phones as I knew I am leaving for good.? |
| I am leaving London for good.But I live in one of the EU countries.I have 5 contracts. All with different companies.one from "carphonewearhouse",another from "phones for you"...... |
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 Is it better to make the min. pymt. on c.c. ? |
| I'm trying to build my credit and I was wondering if I should just pay the min. payment due, or if I should make a bigger payment to kind of show "good faith" , so to speak.... |
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 Can i get an auto loan? |
Im 17 with no credit, just got a job at McDonalds; havent had a Real job before that except for mowing yards, yard work etc,
I need $8000 for a car i want; and my parents could co-sign, ... |
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 Where can i get a car loan with low interest? |
I have ok credit and have been approved but the interest is 15%. That seems really high. Is that average? Wheres the best place to get a loan? I live In Indiana if that makes a difference.
A... |
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 Sick of no response on Answers from Askers? |
I joined Answers to try to help people with their issues giving my expert opinion as I am a credit professional by trade.
I have experience in many other areas as well. These ignorant ... |
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| Suicide??? My friend is hurt and can't work. Bankruptcy is in the air. Can the? |
| Can her bill collectors garnish her husband's wages? They will have no food money then or clothes and stuff. He didn't do this and he can't handle paying all of it back no matter how ... |
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channy | I dont have very good credit, no bankruptcy, just a couple non payments adding to $800 can i purchase a house? |
I dont have any collateral, but I have a great job and can definitely afford a home. What are the steps needed to purchase a home. I am going to be a newlywed in Sept. but my husband does not have great credit at all as well. (His ex-wife ran up his credit cards after she left him and resulted in 5000 dollars that he hasnt paid yet. Do you think we have a chance of purchasing a home? He and I both make quite a bit of money so paying mortgage is not the problem. |
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Blunt Honesty
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You could, you just may have to pay a higher interest rate. Go somewhere and get preapproved for a loan so that you will know what you can shop for. |
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Nani
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It's amazing that you two got such great jobs with your lousy credit. What do you do? Sell drugs? |
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rashenbo
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Hi Channy,
You should probably call up a mortgage lender and pose these questions. They can prequalify you. Anyone can buy a home - good or bad credit. Where someone gets hurt is with down payments, interest rates, balloon payments, etc. There are organizations like local neighborhood housing services or Fanny Mae - that assist first time home buyers.
A mortgage lender is going to look at your credit. They are also going to look at your debt-to-income ratio. If you have a lot of money coming in - with minimal money going out - you have a higher chance of being prequalified for a larger home purchase amount. However, if you have a lot of credit cards, loans, etc.. your debt will be higher and it may limit the amount you qualify for. Once you have an amount that you qualify for, you can also discuss interest rates.
I hope this helps! |
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SCCRealEstateUNCENSORED.com
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I will go agains the grain on this one!
You DO NOT need to find a mortgage broker first. What you need to do first is check your credit history on your own as well as your husbands. This will no hurt your score because you are inquiring it on your own. BE AWARE that there are companies that offer you free credit reports but I would NOT trust them. There are so many scams out there you could end up being another identity theft victim.
The ONLY website authorized to give free credit reports is www.annualcreditreport.com. You can order one credit report from each one of the 3 credit bureaus once a year for free. You can verify how legit this website is with the FTC (Federal Trade Commission) if you like.
Once you have this credit history visit a Mortgage consultant that really know about credit and they will give you adivice on how to increase your score. By the looks of it (from what you've mentioned) I would suggest pay off your debts $800 and maybe the $5k (depends on how your credit history looks like). After you have better you score you will much happier because you will obtain a MUCH BETTER % therefore you will qualify for a bigger loan amount as well.
One last thought, be careful of anyone that offers to better you score by paying them $$. You can do this on your own with a little of education and it is NOT done just by paying on time. There area other factors.
Hope this helps, good luck |
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William E
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Well, a few non payments adding to $800 may cause you a problem, but it depends on your FICO score and your other credit reports. I would first order credit reports from all 3 major credit reporting agencies to see what my reports look like. If I had any outstanding debts that were reported as negative, I'd pay them off right away. When you apply for the mortgage to finance a house, the bank you apply to may ask for explanations of anything negative on the report. So have your explanations ready and to have any outstanding negative information marked paid will help. There's usually a lender out there for everybody, the question is are you willing to accept that lender's terms...the worse your credit rating the higher the interest rates in most cases. |
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steph75969
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My credit is bad but me and my husband got a Jim Walter home built. They didn't take long to let us know that we were approved. |
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BuddyGuru
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Look . . . all you need to do is find a private party willing to sell to you on a contract and your credit score won't mean a thing.
There are desperate people who have done stupid things with their lives and need to get out from under a house in the worst way. All you need to so is find one. |
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silv2078
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If you have such great jobs... work on fixing your debt befor you take on a mortgage. If yours is truly "only" $800 and you are paid so well what's stopping you from paying it off?? At the very least pay yours off before you go for a home loan. If it has yet to clear off your credit report make sure you have a reciept of payment and such to prove to the bank that you're clear of debt. |
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jim
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yes, just don't get stuck in a shady loan. Do your homework and hold out for a good loan. |
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sadie_oyes
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Mortgage companies will have you pay off the debts first...the worse your credit is, the higher your APR (annual percentage rate) will be...high payments if no money down, closing costs, obtain insurance, hire an inspector... |
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kittylove
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Check your local Mortgage Companies. They are much more forgiving than banks. They are legitimate and have numerous different types of mortgages. They will work with you to obtain the best deal. |
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:)
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when you use credit cards its important to make most of your payments in full. you see if you pay the lowest and you have to pay again with interest. so the credit card companies get payed more than once. you don't have to pay them again only one time. my dad says that its best to also make most of your payments without credit cards, only when its absolutely necessary. okay okay, try going to the owner, slap the money down in front of their faces and say you want the house. i don't know if you can buy a house that way, but why can't you. people always get loans, which cost more if you pay it little by little. my teacher said that it can take a long time to pay something off on a credit card if you don't pay in full because of all the extra stuff. and the free credit report thing, its only a trial and my mcafee thing said that its trying to sell something that's available elsewhere for free. |
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M
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I can relate to getting into a bit of a credit situation in your past and now you are much smarter. I would suggest contacting a mortgage broker or loan officer and "pre-approve" you for a loan and tell you exactly how much money could be available to you. They will be able to assess your situation with the proper knowledge and advice. Anything is possible - there may just be a few things you need to tidy up, maybe write a few letters of explanation and should be good to go. Seek the help of a professional as they have the knowledge and may know how to get around things without making you come up with extra money. Best of luck to you. |
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irun4fun101
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i'd say pay off the money first... because if you make "lots of money" that should have been taken care of with your next paycheck. it's what's hurting you right now. start by paying that off, because if you can't or want, then you definitely shouldn't buy a house. |
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freakinghotinvegas
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Your debts don't add up to much when you speak of making pretty good money. Mortgage companies are going to look at your debt to income ratio... and if you are making a lot, then you can have more debt and still fall within the categories needed to purchase a home.
You two should get together and pull your credit for free at www.freecreditreport.com You can get a free credit report once a year and they give a really good explaination etc. of everything on your report and how you can improve it. I know just to rent a home they are looking for 680 ... but I know that we bought a house a few years ago and only had in the high 500s... as our debt to income ratio was pretty high.
Good luck. Hope it all works out for you. |
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