 Trying get a car loan have bad credit? |
| my credit score is low like 500 to 600 i fixing my credit now i caught up i paid my big bill off and only have 3000 in credit cards my parents have great credit and will cosighn is it possible i ... |
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 How good of a credit score do you have to have for a 20,000 auto loan from a dealership for a 1st time buyer? |
| i no it depends on income and residence and stuff but i believe i make enough and been at my job for over a year now. i make about 1,600 on a bad month.. i just paid off my credit cards (by the way i ... |
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 I recently applied for an auto loan but got denied due to outstanding balances. I payed them off how long ? |
will it take for my score to go up? I really need a car loan!
Additional Details
they were in collections. One was an old old bank account that was in collections that i didnt know ... |
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 If I have terrible credit can I still get a New car loan if I put enough money down? |
| how much would I need to put down to get a $20,000 dollar loan and what would my itererest rate and monthly payment be? my credit is about as low as it gets.... |
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 Does late payment on car insurance affect credit? |
| just wondering if a late payment of a bill....say my telephone bill, or car insurance affect my credit?... |
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 Is there any way to check your credit rating for free on the internet? |
| I would like to know what my credit rating is, is there any way to check this on the internet for free??... |
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 I want to get a "rewards" credit card ..which one is the best? |
| I want to eliminate all my credit cards and get just one that has "rewards" I don't spend thousands every month on my card ..only a few purchases... anyone know which one is the best ... |
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 I have bad credit but need a school loan with no cosigner...any suggestions? |
| i am a student with bad credit and no cosigner...im 6 months away from graduating and have NO way of getting a bank loan. please ... |
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 Can I get a credit card when i"m 13??? |
| Im 13 and i wanna credit card because i dont wanna carry around cash anymore, can i get one?... |
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 Is there any way I can change my name and ss# and have a clean credit report again? |
| I am 43 had 3 husbands and they ruined me and my credit. I don't have 7 yrs to wait for it to be cleared and I don't want bankruptcy...can I change my name and ss# and get a clean credit ... |
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 When can i refinance my car loan ?? |
i bought a car on June 5th this year ( 200-7-) Now i pay around 425 dollars for it every month , and as per insurance around 198 .
i make around 750 dollars a month .
i am doing ... |
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 Have moved to spain but have just been informed of a debt we left behind? |
whats the best way of paying this debt off could we pay in euros through our now local bank in spain
Additional Details
would like to leave it but they have been pestering my mother ... |
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 Does cancelling a cell phone contract hurt your credit? |
| i got a cell phone in my cousins name (with her permission, of course) and now we're trying to switch the contract over to my name. i don't know if i want to continue with this company, and ... |
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 Is one credit card enough? |
| I have two credit cards, my first card had a limit of $1000 which I got while in college. Today after five years they have raised the limit to exactly $10000. The second, American Express Gold, which ... |
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 What happenes if you dont pay your credit card bills? |
does it just go to a credit place or do they take you to court or jail? my bill is 4 thousand dollars?
Additional Details
I am on maternity leave, my baby is very colicky so i cant work ... |
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dora | If you have alot of open accts on your credit report, is it wise to close the accts? |
I know you still have to pay the closed accts off if they have balances. |
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junalo
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When you have a lot of open accounts it might give companies a reason that sooner or later you are going to start using those open lines of credit, which might lead you to default on future payments. Hence, future chargeoffs and bankruptcies issues which no company wants any of or willing to take a risk on. I suggest you close the most recent ones and keep a couple of the(oldest accounts) open so as to build and establish a history of credit for those most important purchases such as a car, house, etc. Good luck!!!! |
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Amanda H
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Only if you ahve excessive accounts. Even then, you only want to close more recent accounts-- not old ones-- beucase history is important. |
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bob a
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if you have many open accts. consider closing 1 every 3 months or so.
closing accounts lowers your overall credit available and therefore puts you at a higher risk.
ex: you have 10 accts with 5k line on each. total 50 k.you have 3k used on each,total 30 k owed. you close 5 accts that you no longer use and have now have 30k owed and available only 10 k. whereas before you had 20 k available. your balances to available credit are too high.
some companies will also look at it as you owe 30 k and only have 25 k credit line(since the other accts are closed). that looks real bad.
closing accts over an extended period shows a gradual change and your balances are also getting paid down.
even if you don't carry any balances your total credit available has shrunk. companies are likely to give you as much credit as the next.that's why we get so many credit card offers in the mail,online etc...companies want the rewards but not the risk.
only time to close accts at once is as a condition of a mortgage(at this point it doesn't matter since the bank has committed to lend you the money if you do).also,when consolidating bills closing makes sense since you want less bills anyway and only do after loan approval. then only keep 1 or 2 you truly need,preferably the oldest. |
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fatsausage
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Closed accounts should be taken off. |
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gmacwilliams
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Consumer advocate Clark Howard advises against closing accounts. It has something to do with your ratio of available credit to your outstanding credit balance.
I did close one credit account last year in a fit of anger. A recent check of my credit rating showed that it had no adverse affect. |
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adam H
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pay them and as they are paid then close them ... closing the accounts while they still have a balance is not as good for your credit score as paying then ending the account ....... |
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The Druid
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That's a maybe based on what you are planning on doing in the future. To many open account when trying to buy a home is not good. To few accounts when applying for credit cards...etc... is not good. Kind of 6 to one half-dozen to the other. |
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practicalwizard
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well, too much open credit does adversely affect your credit score. pretty much everything does. |
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bride2be091507
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If they have balances it will make your credit score go down because your balance to credit ratio will increase.
Closed accounts still stay on your report for 7 years after the date of closing. If they are paid off, then close them. |
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