 Dealing with an aggressive collection agent? |
| The last two years of my life have been extreamly difficult financially. I have worked my butt off sometimes 4 jobs 80+hours a week to avoid bankruptcy and pay back all my previous bills/debts. I ... |
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 How do you get bad credit? |
give me some examples
Additional Details
is it true if you go over your half way mark for your credit card limit, its considered bad? I went over my half way limit, but I don't miss ... |
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 Can Sears credit card garnish your wages if you owe them money? |
| My hubby was planning on paying them off with his tax return but we are getting calls about how they are sueing us and going to garnish are wages will they do that? up until 6 monthes ago we were ... |
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 How can I remove a default on my credit file? |
| I was recently refused a loan. Upon further investigation, I found that I have a default on my credit report from O2. My contract with O2 ended 3 years ago. The default was put on this year but I ... |
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 How can I convince my mom to let me have a credit card or something like that (I'm 13 years old)? |
| I'm 13 years old and I'm turning 14 years old in a few months and I'm going to get my working papers work a job. I know it sound crazy that I want a credit card, but I need it to buy ... |
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 How long does it take for a 10,000 check to clear? |
Additional Details
I deposited the check in my Bank of America account, and the check was from Chase Bank.... |
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 When A Couple is Married, Do They Take On Each Others' Debt? |
| I feel foolish for asking, but hypothetically, if I was x amount of dollars in debt due to college loans, will my new husband take on that debt? Will it reflect in his credit score or taxes? How ... |
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 How do i get a bank loan? |
| Ive just been to Spain for holiday and saw this closed down pub, its in a prime location next to all the English hotels, with two big palm trees growing outside the door, and would make a great ... |
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 Will this hurt or help my credit?? |
| i currently have three credit cards. if i where to take the balance on these three credit cards and place them onto a new card that could hold the amount on all three of these and then close the ... |
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 I am 20 years old with no credit? |
| I have tried everything no one will approve me of a credit card, loan, nothing. I'm not in school so I can't take out a student loan. I've even tried applying for store credit cards ... |
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 What is the worst that could happen if someone sees your pin number? |
hey
i want to know if someone by chance saw ure pin number when u r using your credit card at the atm what can happen cause if they dont have your credit card or credit card number they ... |
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| True of false? |
| everytime someone checks your credit, your score will go down? like applying for credit cards and other stuff.... |
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| I got my first credit card last year and screwed up. I went over the credit limit. If I cancel.......? |
If I cancel it, will all the monthly finance charges and such stop, and I will just have to pay what I bought only?
I screwed up, it was so easy to just use the card and now I wish I never ... |
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| Can't pay my credit cards not working what's going to happen next? |
| I am no longer working due to an incurable illness I have recently been diagnosed with. I am young and have about 2500 in cc debt that I just recently stopped paying in the last couple of months. I ... |
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psychclaire | I pay my bills on time..and have poor credit.? |
I am on the electoral role, pay my bills on time and have checked Credit Expert. I am at a blank? Does anyone know what else could affect this? |
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Mitch
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If you have checked a credit reference agency then what they have told you is indeed correct, you are at a blank, and that is the problem. Banks, credit cards etc use credit scoring to asses every different application that comes their way. They apply a series of criteria to each person that applies for credit. The only way to get around this is to go for credit with one of the firms that really offer quite poor rates of interest to get your feet in the door. VANQUIS are good for this as are provident |
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Timothy S
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Do you have a credit history? If you've never had a loan or credit card this can also count against you. The credit companies will not be able to obtain information on you (as there isn't any) and will therefore consider you a risk automatically. Once you have a credit history you'll be inundated with offers. (I know, it's crazy) |
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Nicola
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Your address - if you are renting and the previous tenant had bad credit that may go against you.
Also if you have a lot of debt compared to your income (even if you do pay everything on time) you may not be able to get mroe credit. |
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jacek s
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I used an offer found at americash.com, lexington something, it did fix my score in like 6 months, nice people, too. |
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Baby Girl Due May 2009!
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You cant just pay your bills on time. Usually they will only report to a credit bureau if you are late on your payments. You have to have atleast 3 or 4 good standing open accounts(Credit Cards & Loans) to bring your credit score up. And you cant have alot of bad accounts or inquiries because that can bring it down as well. Anyways I hope this helps! Good Luck :) |
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XoxoxoxoX
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Check out this list and it might help you to understand why...
Top 10 Strategies that Will Improve A FICO Score
Ensure credit bureau data is accurate and dispute legitimate errors.
Focus on bringing currently delinquent loan accounts current. Do not allow current trade lines to go further delinquent while using cash flow to pay on old collection accounts.
Comparison shop for mortgage and auto loans within a 14-day period of time to minimize the impact of hard inquiries.
Pay off and close second-tier finance company trade lines.
Pay down the credit cards first that are near their limits (assuming interest rates are close to the same).
Pay down total revolving balances, but do not close these accounts. (i.e. keep balances low and limits high).
Move revolving balances to installment debt; but again, do not close the revolving accounts.
Minimize new accounts.
If you are transferring balances, a better strategy than getting a new credit card is to ask your current credit card lenders if they have any existing offers. Always ask for as much limit as you qualify for.
If you have closed some revolving accounts recently, a better strategy than opening up new accounts would be to call the lenders where he or she closed the account and see if they can re-open the same accounts and are able to keep the original open date. |
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fbomonkey
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For over a year I have been attacking the FICO score as a bogus measure of winning. All it measures is your interaction with debt. It is composed of 35 percent payment history, 30 percent amount of debt, 15 percent length of credit history, 10 percent type of debt, 10 percent applying for new credit.
So it really is the “I love debt” score because there is no way to have a great FICO score without getting into debt and staying in debt. If you make $1 million per year and have $10 million in the bank, you can have a low FICO score simply because you don’t borrow. So we tell people they can get a mortgage with a manual underwritten loan if they never borrow by paying their landlord early or on time and being on the job for two years.
The FICO score people are mad, oh darn. |
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charterman
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Your address should not affect your credit rating that much. I know that certain areas are considered less favourably than others.
If the area where you live has a high proportion of unemployment and social housing, this can mark you down.
If you are on a low income, it will go against you.
Like you, I was in this position, living in an inner city area with high unemployment. The bank would only give me a basic bank account and no credit.
Last year I moved to a village. The bank has upped my bank account to a full current account with cheque book, ÂŁ100 debit card, offers of credit cards and a ÂŁ250 overdraft which I didn't ask for. It's amazing.
The only downside is, I can't draw money out of the Post Office for free like I used to with a Solo card.
My advice, move to another area. Worked for me. |
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pinkgerbera
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It could be because you have never been in debt. If you always pay your bills in full, have never had a loan or gone into overdraft then you wouldn't have a credit history.
It's silly but the people who borrow money and pay it back on time, while paying plenty of interest on it have the best credit rating. Those who do not have to borrow, therefore paying no interest to the banks and other companies do not! |
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RIGGS
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yes..........loads of things,have you recently moved?has anyone else in your house got bad credit?........either way take advice from a not so old,man????? if you cant afford it.........don't get it. life goes on without the latest must haves,one thing Ive learn-ed,no matter how big the house,no matter how posh the car,right down to how good the hoover is....its all got to be paid for???if you cant pay cash.....don't get it on credit,because you will be paying a lot more in the long run.and if you could afford it you wold have paid cash. so what I'm saying is...is it really worth getting into debt for the latest must have?????????????? |
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Darke Angel
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Is it bad or just non-existent? If you don't carry credit (cards or other purchases that you pay monthly), then your credit would be considered low because you have no history. If you have cards and your balances are over 25% of the allowable amount, then you are considered a credit risk. You can have a great beginning interest rate, but new purchases after a period of time may be at a higher rate. Thus it takes longer to pay them off. Not sure about your address causing an issue because I've never heard that before. |
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columbo
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Lots of reasons Hun. It could well be the address that is blacklisted if it is you can pay a small fee and have that removed and problem is solved. However other reasons are if you are not working but on benefits even though your income on benefits is higher than a lot of peoples wages they see that as a risk. If you have never had a loan or a credit card this will also go against you as you have nothing for them to compare ti with.
My advice is to build up your credit with your bank. Thye have their own scoring system within the bank when you apply for a loan. They score you on 1 to 10 ten been the highest. If you are after a loan then pop along to your bank and ask them what your score is with them. In a lot of cases they charge less interest. To build up your credit with the bank all they look at is money going in and money coming out and a bit that is left over. So lets say you get your wages/benefit on a monday you pay it in on a monday then you draw most of it all out on a tuesday this is ok, as long as there is money going in and coming out on a regular basis this is all they look for. They look for turnover. If its a credit card you are after then start off with one like capital one, its high interest but it gets you on the ladder they specialize in people with no credit or bad credit.They usually start you off with a ÂŁ200 limit, once you are established with them, then apply for one with a lower interest rate and you should have no trouble. |
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Lady Rhianna
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Paying your regular bills (water, house, electric) on time doesn't help your credit report. You need to borrow money from the bank or finance something to start your credit. Make sure to pay it off on time or early. this will get your credit history started. |
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bril
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YOU HAVE TO HAVE 2 CRDIT CARDS THRY TO GE A LOAN N PAY IT BACK THAT WAY U WILL HAVE CREDIT APLLY FOR TARGET OR GO TO WWW.CREDITCARDS.COM |
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Mindless
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Your address or who you've been linked to in the past - an ex, family, lodger etc.
Go back & check your in depth credit rating & see if there are any links that you no longer have connections with - if there is, give them a call & talk to them. They were really helpfull to me & my fella on seperate occasions. Likewise the address, ring & tell them you've moved/been where you are for years & nothings changed & see if it helps.
If not ask if they have any ideas you can look into. |
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Ted
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Using more than 9% of your revolving lines of credit. Having lots of accounts. Having no accounts that have been around for a long time. Having a lot of open lines for your income.
All these things hurt. |
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lucy
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I have never checked my credit record myself,but have been told everything you have ever done is on it .catalogues old credit cards you may not have cancelled etc,So it could be something simple like a late catalogue payment .Or it could be you have never had a credit card and no history of being a good payee? I will be interested to see what answers you get good luck xx |
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