 My fico is 610, income 65,000/ fiance 680 income 50000. Should we apply for home loan together or just him? |
| Should he buy before we get married. my low FICO is due to past charge offs that are about 5 yrs old. We would probably qualify for more money if my salary were included, but we don't want to ... |
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 How many credit cards SHOULD I HAVE? |
I am 21, and have 1 credit card with a $1250 dollar limit.
I am just starting to build my credit, bought some furniture and I am paying it off every month. I also never miss any payments on my ... |
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 Will I be accepted? |
| Im 6 and a half months pregnant, I start my maternity leave in 2 months and I am going back to work full time when my baby is 6 months old, Will I be accepted for a mortgage as I am currently renting ... |
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 Does credit card debt add interest if unpaid? |
I had a credit card over 5 years ago that I used and only paid less than 10% of it back. I completely set it aside and forgot about it.
Let'd say my debt was $1000. Now, 5 years ... |
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 Old roommie opened credit card in my name? |
| Long story short, I checked my credit yesterday for the first time in years, and noticed a closed American Express card that is at collections. Shock to me! In researching, found out that my ex-... |
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 Why is there a payment due on my Discover Card that I haven't used in a long time? |
| I haven't been using this card lately. I don't know why there's a payment due when i didn't even buy anything with the card.... |
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 So what can "they" do to me if I quit paying my credit cards in the state of Tx? |
do to the fact i can no longer afford to pay them.
Additional Details
not that i want to quit. I borrowed the money by using the credit card therefore i should pay it back. but things ... |
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 I am way over my head in credit card debt, like $24K. Is there hope for me for bankruptcy (see details)? |
| Because of medication that I'm required to take and have been on since 1999, since I have no medical insurance, I've had to continually throw the costs of meds on credit cards. I'm ... |
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 Statute of Limitations for student loans? |
| I have a student loan, part of it is provincal and the other is federal is there a statute of limitaions on these loans. They reported on my credit buera but have come off because it has been 7 ... |
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 Co-sign a car, will they check my credit and other things? |
| If i co-sign a car loan for my friend, will they check my credit (employment and all the stuff), and also do I need to provide all employment history and stuff?... |
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 Do Americans spend more money using credit cards or cash? |
| I heard that if you pay for everything with a credit card, you end up spending 12-18% more. Is that true? Please include sources if at all possible.... |
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 Credit cards???? |
| If you have a credit card and do not use it to purchase anything do you still get a mnthly statement looking for payment or anything?... |
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 I have applied for a loan but the company want me to pay a brokers fee first, I have come accross this before? |
| The company want me to send a cheque for £39.99 and they say the loan is provisional - anyone else come accross this and is it genuine or a rip off ?... |
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 I can't pay my bills for the first time ever. What will happen to me.? |
| I lost my job two months ago and have only found odd jobs since. Im in college full time and have a car payment, 5 credit cards (havent used any for 3 years), phone, rent. No parents to support or ... |
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Lynn H | I have a credit monitoring system and my recent credit score was 635? |
I went to pull my report today and it dropped to 598 I had to charge some medical things for a family member for about 2,000 dollars and used a couple hundred on another card. DO you think that's what changed it??? On the card with 2,000 I have a large available credit. I didn't think it would affect does it ?????? |
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Sgt Big Red
 |
No doubt those new charges lowered your score. 30% of your score is bases upon current ballances due in ratio to your credit limits. The more debt you assume, the more likely you are to probably default.
CRA's don't care that the charge was for medical emergency or what, all they figure is you now owe more.
Here is a link to download a free pdf file regarding FICO scores and how they are calculated.
http://pueblo.gsa.gov/cic_text/money/creditscores/your.htm
All about FICO scoring. |
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Mobius
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It's hard to determine what exactly makes the credit score fluctuate. My guess is that the additional charges on your credit cards did it. In general, larger credit card balances are a negative. The lower your initial credit score, then the more likely that the additional card balances will negatively affect it. |
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Melissa F
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Anytime you use your credit, it takes away from your availability, which lowers your score. |
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Barrie H
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Yep, some of your credit score is determined by what you owe as opposed to what your limit is, irrespective of the number of cards and/or their individual balances. Is best to keep your amount owed to about half of what you are allowed to charge. |
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jawa
 |
temporarily...remember those credit report systems are only an estamate...your actual credit score may vary greatly from that it tells you...
as for the large charges...it may temporarily affect your score because of 2,000 dollars current debt...
check it once you're paid off and you should be better |
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Joey G
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it could possibly be because your debt ratio is too high which means your spend more credit than they think you make and can pay back, or it could be that you missed a payment on something, or if someone made a lot of inquiries on your credit... have you been applying for new cards or loans? |
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rocksister
|
I'm not sure that the amount you owe is the reason. It could be, but there is another possibility. I refinanced my house last year, and my credit report showed several debts that were not mine. I had to call the companies that showed I owed them money to get these things removed. Once I did that, my score went to 800!!!!! So call these reporting agencies, get a detailed report sent to you, and find out if you are being penalized for something that's not yours. It is all too common. |
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Ted
 |
If that's the only thing that changed, then that's what caused the change. Your best score comes from a used credit of 1-9% of available revolving charges. They also consider your debt vs. income.
Remember the credit monitoring services are only approximations, and they keep changing their formulas. |
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classyone4u2006
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all sorts of things affect your credit score, late payments, high limits, maxed out credit cards, number of cards, best thing is to keep them opened but with low balances. |
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Lea Anit
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anytime you have a balance on a credit card it will change your score. typically it won't swing it that much unless you are over 50% of your available balance...Have you applied for new credit recently as this has a pretty dramatic effect on score. Any chance that youu've been late on a payment. If not I would check your credit report more closey t find out why there was such a chnge
BTW "600-800" is NOT "top-notch"! anything below 685 is suspect and you'll find it difficult to get good terms! |
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rottentothecore
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400-600 is an average credit rating
600-800 is top notch. |
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