 Where is a good place to get a car loan or a home equity loan if you have not so perfect credit? |
| where is a good place to get a loan for poor credit. my x husband ruined my credit now i need to get a car or a home equity loan any suggestions?... |
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 I wrote an entire book of bad checks up to $400 each. Where can I go for help financially? |
| I have a job. But it looks like I will need nearly $5000 to pay for my mistakes, and much sooner then I can come up with it. Does anyone know of a service that will help me with this? I have awful ... |
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 My Mom used my name and ss# to open credit cards...ADVICE PLEASE!!!? |
| When I was little my mother had TERRIBLE credit (no fault of her own - she cosigned for my dad and he left and never paid the bills) - so she opened up credit cards in my name with my social security ... |
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 Can i get this loan through my credit union? |
| I've been working at my job for a year and a half but i have no credit. At the same time, i don't have any financial obligations besides gas. I'm going to ask for 10k and the highest ... |
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 I just paid off my car loan and a credit card. But my FICO score dropped 32 points, why? I'm paying my debt! |
| I'm paying off all my credit cards, not closing them. But I want $0 balances on them. I paid off my car 6 months early, I never missed a payment and I was never late. Why would I be punished for ... |
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 Should I close a bad credit card? |
| I cut up two cards months ago, but after being unemployed I haven't been able to make the min. payments. I've been in contact with them, but wonder if closing the accounts will atleast ... |
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 Is this a myth...what happens if you just stop paying for your credit card? |
| I have a friend who just got a notice from a creditor via the Sheriff's office. Is it true that if you just stop paying your credit card bill after 7 years it just falls off? He hasn't ... |
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 Is it Illegal for a bank to do this? |
My discover card payment is almost 300.00 dollars and only ten of it goes to the principal.That seems very extreme to me.Isn't there a law against this?
Additional Details
This is ... |
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 Is there something I can do (legally) about ridiculous credit charges? |
| I've been a customer with this clothing catalogue for a while now and I have a credit limit of £1,000 with them. However, I decided not to use that facility and buy on a pay-as-I-go customer. A... |
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 Does this seem fair for owner financing (on a house)? Or is the guy trying to make a few bucks? |
| My fiance and I have plenty of $ for a down payment on a house, but can not obtain a mortgage. A seller is offering financing @ 8%, and after 1/2 of it is paid (30k) he will give us a deed for trust. ... |
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 How can I avoid being served with papers, a debt collection agency want to sue me? |
I do not live at the address they have on file, can they sue me if they can't find me to serve me?
Additional Details
The explaination for why I have not paid the debt is very long..... |
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 I sold something on ebay and when i go to paypal it says i've received a payment...? |
...But when i log into my paypal account the balance is still at £0.00...Anyone know why? Cheers
Additional Details
Actually I have sold two things to two different buyers and on Ebay ... |
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 I have a credit card, but haven't paid them for over 4 or 5 months? |
| how can i get out of it? my limit was $1000. I owe them more than 900 Dollars. MOST of the money is from non payment charges. $30 a month. Even before the last bill i made, there were mmmaaannny ... |
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 I need financial help please!? |
| I have a County Court Judgement caused by an ex partner who run up debts in a joint account just after we split. He's disappeared off the face of the earth and I cannot get credit or a mortgage ... |
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SAD | I have a credit score of 575? |
and i payed down half of my credit card. and payed off a collection do you think it should bring my score up by 5 or more points did this biginning of last month
Additional Details
also all credit card and car payments all all on time no lates for 1 year |
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Scott I
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Assuming that you need to raise your score for a specific thing. You can ask a mortgage loan officer your exact same question. I am a real estate agent and have clients ask me similar questions all the time. Their mortgage reps call the loan underwriters and can tell them things like "if you pay these 2 cards down to less than 50% your score will rise 15 points." However they need to prove it with receipts because the credit reporting bureaus never seem t report positive things quickly. So; yes you can but check with a pro. |
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Mel and Ed
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Once something goes into collection, it doesnt increase your points if you paid it off. It only increases when you pay on time. Once the damage is done, they will not give you points for paying it. Pay your bills on time. It's not so much if its paid in half or in full.. but it must be on time .. all the time. That will increase your points. Having a small loan, a car loan, etc and paying on time all the time will increase your points. And do not check your credit too frequently as this will reduce your points. Also having too many people "inquire" (such as new credit cards, loans, etc), will cause you to lose points. Good luck! |
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cj
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Nothing is going to quickly jump your score if you have a collection history - you'll have to patiently build an ontime payment history and not exceed recommended debt-to-credit line ratio to move that score.
Routinely do these:
-Never exceed 25% of your avail. credit on a revolving acct. Ask for a credit line increase to meet this criteria.
-Use one credit card for two months and pay it off every month then switch to another one for two months and pay it off every month...keep this up.
-Find a relative with excellent credit and ask them to add your name as authorized user without giving you the card. I did this for my brother after Hurricane Katrina. They will not be negatively affected by your credit history.
Best Wishes,
pup |
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Lianne
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This will increase your score but reporting agencies use complicated algorithms to calculate your scores so there's no way of knowing how much you score will be affected from the info you gave us. First of we have no idea what types of accounts or how many you have which is a big factor in calculating your score. Check out http://creditwisdom.blogspot.com/2006/09/fico-breakdown-how-your-credit-score.html for a breakdwon of how your fico score in calcuated and a link for a credit score estimator. |
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Roger
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i can't say anything for sure, but i'd think that would make at least that much of a difference for you. |
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lady01love
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You can bring your score up for it will take a couple of months. Please do not have any other company pull your credit. You can pull your own credit and it will not affect your score. If you have a business pull your credit it will cause your credit score down. Do not open any new credit and do not open any new credit for at least 6 months. After the 6 months limit putting in applications for credit, especially store credit cards. |
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"Electric" Bill Pylon
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Your credit score sucks, but it's still better than mine. But I'm a semi-employed musician, so that's alright. |
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DaMan
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Please be aware:
Paying a collection item in full doesn't necessary "boost" your FICO score unless you requested, in writing, a "pay for deletion" which recommends that the collection agency remove the item altogether from your credit report because of your settling the account.
Please see link below in regards to "pay for deletion" practices for any future collection notices you may receive.
Paying down half of ONE credit card balance might boost your credit score, but it depends on how much THAT credit card debt is relative to your total outstanding debt as contained in your credit report.
For example, if you have total outstanding debt of $40,000 and you paid one-half of a balance of $1,000 with Macy's. You have not made a major dent in your overall debt. As such, your FICO score may not change much.
On the other hand, if you paid down a huge debt of $8,000 out of a total debt of $40,000, then you can expect a noticeable jump in your FICO score. |
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OPM
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It is kind of hard to answer that. Your credit score is a non-linear multi-factor analysis with decaying values. Single events do not have a large impact unless they are extremely adverse. Paying off the collection account was a great thing to do, but its adverse value decays with time and does not bring an instant change. |
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beatnik
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Whoa that's low. It's going to take awhile. It's not going to go up overnight. it takes time. |
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ricewriter
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Your credit score can rise 5 points but remember that every time you pull your credit report you lose points. So don't pull it very often. If you need to fix your credit see what you can do with the bad items that are on there. Every time you have someone "take a look at your credit" for you it will cost you more then the 5 points you might have gained. That goes for mortgage companies, car lenders, credit car companies. Work with someone that knows what they are doing and fix any problems. It isn't hard to have a credit score fixed if you really want it. Keep at it. |
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