 If I have a cosigner, whose report does it go on? |
I'm 17, and My dad was going to sign a credit card for me, but now he won't do it because he thinks it'll just go on his credit report and it won't help mine.
C... |
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 I co-signed on a car loan, it is not getting paid, how bad is it going to be on my credit if I don't pay it? |
| two and a half years ago, I cosigned on a car loan for my wife....she left a couple of years ago, we divorced, she now won't pay for her car because she won't work. How bad will it be on ... |
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 Credit card solution for me? |
I have a lot of credit card debt. I have 3 cards total.
Card 1: Limit is $3460, carrying $3200 with 28.99% (because I defaulted last year and I am slowly taking care of the minimum ... |
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 Is god different than jesus? |
| If god=jesus,then who made the Earth before Jesus was born?... |
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 Getting back credit card charges? |
My credit card just defaulted, and they company are being pretty awful to me. I am a student and genuinely cannot afford to pay the large sums of money that they are expecting me to pay back.
I ... |
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 I got the credit card, but when I took it to the bank,they said that they havent seen such a card yet,help me? |
Additional Details
This card was sent throught Microsoft Lottery to me. There is even written my name and Global Quick Cash. but they are asking me a huge amount of money in order to ... |
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 Should I cancel my credit card? |
| Somebody stole my credit card but I don't want to cancel it because he spends a lot less money than my wife does.... |
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 Who is responsible for these credit card bills? |
| My daughter-in-law just left on a trip with the children. She left my son with a note telling him about $75,000 of credit card debt that she has run up during their marriage. He had absolutely no ... |
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 Can I finance a used car if I don't have a job? |
| If I was to put half the money down on the car and have good credit score, and am getting a job soon? Is it ... |
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 Does anyone know any credit card company that give people cards with bad credit?? |
| i am 19 and my mom ruined my credit before i turned 16 but i dont want to press charges against her and my debt is thousands and its not form me and i am suffering. I cant find a company that would ... |
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 Will I go to Jail? |
| Okay, Credit cards started coming in after my senior year of HIgh School.My parents and I decided that I would get 2 credit cards..and pay them every month.Well, I did that for a year.Next thing that ... |
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 Can anyone tell me what i can do to start building my credit? |
| I am 18 years old and i am ready to start building my credit but nobody will give me a chance with no credit! What can i do?... |
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 Is my credit card account active? |
| I got this credit card in the mail because I applied to see if I could get it. I don't remember saying I wanted it but I got the card anyway and it came with all the rules and charges etc. Does ... |
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lalalal | I have bad debt how long will it take to own a new house? |
I just started to clear all my debt... i soon want to get a new house.. what can i do to increase my credit score? how long will it take me to own a new house? |
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Jeff T
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Meet these four goals, and you can get the house.
1) Pay off ALL your debts (car loans, credit cards, student loans)
2) Big cash emergency fund (6 month's expenses)
3) 20% down (more cash. Don't borrow to get this)
4) Find an affordable house (2 year's salary. If interest rates stay this low, you can stretch it to 2 1/6)
Of all the people who have problems with houses, foreclosures, or the "I found a great job, but I can't move until I sell this house, but this house won't sell":
Every single one of them broke one (if not all) of the four rules. |
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allhailcaesar
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you need to have three years clean to qualify for a good apr home loan. three years of on time payments, good debt to earnings ratio, etc. |
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Beverly S
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Totally depends- usually 2 years with no lates, collections etc. However if you have never paid anyone on time you will need to establish some good credit as well. Try getting a secured credit card. Don't worry so much about the medical bills- we as mortgage lenders couldn't care less about those- unless they have sued you & have a judgment. Clear up the newest bad debt first- the old stuff drops off after 7 years & if you clean up everything that happened in the last 2 years you can then use FHA to buy a home. You will need 3% down- there are no 100% loans except for VA anymore. Keep in mind, paying off bad debt doesn't increase your score- it just allows you to qualify-paying debt on time is what increases your score. Good luck!
P.S. pay rent on time with a check or money order- no cash. We want a 2 year rental history with PROOF rent paid on time. |
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Rachel
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Debts, as well as established credit, can stay on your credit report for seven, and up to ten, years. You should monitor your credit report and submit any inaccuracies to the three credit bureaus. Your real estate agent should be able to tell you what you qualify for, if anything, and also advise you on how to improve your score. |
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jerryhobby
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Your credit history stays on based on the date of the last transaction. Since you are still paying, expect those debts to stay on your record for several years AFTER you pay them off. I think the duration is 3 years ... not sure ... may vary from state to state. But because you are still paying, just know it will be years.
Good news is that if you pay on time and pay over minimums, you'll start improving your credit score. I suggest you look for a book on subject and skim it for ideas on tricks to boost your score even more.
Jerry Hobby
http://www.AnythingInternet.com |
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tammyh20
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Get 2-3 credit cards that are credit rebuilding cards. They should have a small to no annual fee. Use them on small purchases and pay them off monthly. DO NOT incurr big balances on them. My husband did this a year after filing bankcruptcy and he was able to get a loan. He waited an additional year of doing this and he got a good interest rate. NEVER MISS A PAYMENT! We also did not know closing an account you do not use can hurt your score so it is better to just cut up that card and leave the account open. The longer you have a line of credit open the better. Do not lower your spending limits for the same reason. I know it sounds screwy, but it is true. |
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k bug
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hi,
get a credit card, and spend your limit. if you make 3000 amonth spend that 3000 on credit cards make sure when
your checks come in you give it all too credit card company.
make sure your credit card has the grace period... (which means whatever you spend if you pay back in 30 days it has no interest :)
you will live with great credit scores
hope that helps:)! |
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Jose V
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Depends how much debt you have. Besides paying off your debt you could first get a car to show you can make payments on something thats expensive. Do not apply for more than 2 or 3 credit cards every year. Call your credit card companies and ask them if they can increase the limit on your cards but dont spend more than 30% of the limit the more credit you have available the better your score. |
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Jaide
 |
before you even think about getting a house , you have to get out of the hole youve already dug. if you get a house. its just going to hurt you.
increase it by getting out of debt and showing that you can own things w/out getting burried in debt.
it depends on you. (how long it would take) |
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N K
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the only way to increase your credit score significantly and soon is to settle all your debts and have it removed from your credit. Get a pay for delete letter from the collections. dont pay a dime without having this signed by the collections.
http://www.creditliberty.com/credit-repair/pay-for-deletion-letter.html
Technically it stays for 7 years unless you get a pay for delete letter from them. Once all your negative stuff is removed and you have been building good credit, you will qualify for the house at the best possible rate. |
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Vagn F
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Good luck with the mortgage crisis. Make your payments on time and go talk to a professional. |
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pretty
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First of all it depends largely on how much your "bad debt" is. Your current income and your credit will play a large part in owning your own home. You will need to be able to prove that you are a reliable lendee and that you can afford a monthly mortgage. It also depends on where you are buying. Buying in California is going to be alot harder than buying in Oklahoma. You also need to consider the aftermath of buying a home. In this martket you need to consider whether or not your home will appreciate or depreciate. Check out the following website to determine whether or not you should buy or rent:
http://finance.sympatico.msn.ca/Banking/Mortgages/Rent_Buy_Calculator.aspx |
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