 Bill collector told me if i cant pay him, he could get me fired? |
| Hi i have a bill collector after me about a bill 8 years ago from a divorce. it was a credit card for 8k, from my wife... Now he wants 15k to satisfy this, i explained to him it was my wife. He ... |
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 I got approved for a car loan on by Wells Fargo. . .? |
| I did the credit app through the dealership (it went through 7 or 8 lenders--Wells Fargo was the only one to approve me because I have bad credit). Anyway, I was approved for a loan, but the down ... |
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 Credit rating? |
| How can you make it better once you have a few defaults from missing a few payments with just one company?... |
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 Which credit card would you choose and why? |
Additional Details
discover or mastercard to add to your visa credit ... |
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 Are consolidation loans worth it? |
ive got a few credit cards and a loan, at the time when i got them i had a fiull time job and found payments easy
i went back to college last year ti further my education and get better ... |
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 My credit score is 620. Is it really bad? |
| I'm planning on buying a condo. Should i wait for my score to be better? I have 2 credit cards now and don't want to apply for more. Should i get a car to help build my credit story or get ... |
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 Will we go to jail if can't afford to repay credit cards debts ? |
| I have 5 outstanding cards which had not been paid for over 1 year due to my unemployment. All of them are over limit.... |
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 My credit is improving but.......? |
| I hate having 5 different bils to pay every months so I am thinkingh of getting 1 loan to cover them all. the problem is that the loan is high apr (35.9%) but having worked it out my existing loan ... |
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 Whats the best way to build our credit without getting into a lot of debt? |
| We are young newly weds and niether of us have anything (good or bad) on our credit report. We were able (luckily) to be able to sign a lease for our apartment without a cosigner. I make the payments ... |
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 Why do we give sympathy to those with credit card debt? |
| No, I'm not referring to those whose identity has been stolen. I mean those that have, from their own irresponsibility, have bought so much stuff that they are now in mountains to debt. Why ... |
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 How do credit cards get away with outlandish interest rates? 30%??? |
| I thought there was a law that prevented them from going higher than a certain number. I used to see the highest rate being 21% but now it seems to be up to and over 30%! This is why I don't ... |
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 Does it hurt to Apply for Credit Cards if you have no Credit History? |
| hi, i just turned 18, never had any credit cards, never paid any bills, and i applied online for my bank of america student card, however, i was denied even though i met the qualifications, so i ... |
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 Any doubt counsellors or solicitors with debt experience out there? |
my friend (yes,really, not me (grin)) has arranged
regular payments wh all his creditors which he makes on time - one of them in particular keeps threatening him with legal action or debt ... |
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 Does anyone know where i can get my credit report? |
| i want to get my credit report so that i will know what i owe so i can buy a house for myself and my son for a better life but i actually want to get the report without having to apply for credit ... |
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auskan2002 | If you have no credit because you always pay cash, what's the best way to establish credit? |
I've heard people say you should get a credit card and only pay the minimum for a few months to carry a balance that is reported. Is that true? |
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The Angry Stick Man
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You can get a secured credit card. Its like a credit card that you pre pay. For example you would open this account with like a bank. You give them 200$ and they give you a credit card with a 200$ limit. You use it like a normal card just make sure you pay it each month. This will improve your credit score. |
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karenmay700
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Apply for a credit card!!! If you cant get one.. Apply for a secured one thru your local bank.. That means you give your bank like $300 and thats the limit on your card.. DONT max it.. use it to fill your tank or to buy something of smaller value.. THEN, pay the whole bill once you've rcv'd the statement in the mail. DO NOT pay only the minimum.. This will build your credit.. Im in finance.. It works! |
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Credit Guru
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This is one of the most common questions on this board.
How do I build/establish credit?
First off you need to be educated about how credit works in the U.S. Every credit decision a lender makes is driven by FICO credit scores. You can go to www.myfico.com and look in the Credit Education section to learn how FICO credit scores are determined. To build your credit you have to place positive credit items on your file that will report positively for 6-12 months minimum. If you want your credit to be in the Excellent category (FICO score 750+) then your goal should be to have 3-6 revolving accounts(dept. store, gas cards, Visa. etc.) WITH NEAR ZERO BALANCES and 1-2 installment loans(car, mortgage) that are reporting positively.
I would start out with a Bank of America or Wells Fargo secured Visa card. Both banks have great programs with low annual fees, low starting amounts ($300.00) and no junk fees. After 12 months of positive on time payments you will graduate to an unsecured status. Then you will probably be approved for other cards such as dept. store and gas cards.
Good Luck |
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ShoeGal
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Don't get a credit card. You will regret it. Go to a loan company, borrow like 300 or something. Keep paying on it until it is gone. Don't pay it off completely. Make the payments. This will start your credit. |
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martinpeters
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Try a Discover Card. Charge everything you normally would pay cash for. DO NOT GO NUTS WITH THE CARD. Pay off the balance in FULL, every month. That way, you have NO interest, and up to 5% cash back while you gain credit points. BUT IF YOU CAN'T CONTROL YOURSELF, YOU WILL BE S@##@ED. |
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i am fr3sh
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in order to create a solid credit score you would have to have some sort of mortgage on a house, possibly something cheaper like a lease on a new car or even financing a new car.
but in order to get a good deal on a mortage or lease you need to start somewhere, the easiest would be to sign up for a credit card, most companies that are going to accept you are going to have high intrest rates and probably the easiest company to get a credit card from is from your bank... that is if they even offer a credit card.
if your a student i suggest you get a card that's for students, they usually offer a credit line of about $500.00 which is enough to get you started.
most companies, like american express, and citibank probably won't accept you right out from the start but your easiest bet would be like i said either a credit card from your bank or try looking up for one at visa.com
and you are better off paying the credit card bill off in full every month. so maybe charge like 50-100 a month and pay it off completly. you dont want to be paying off a credit card monthly because what happens is, if you get a credit card with a zero intrest rate for the first year, yeah every month you'll pay a minimum of 10 dollars for a 100 bill so in 10 months you would have paid it all off, but once the intrest rate comes in.. you might be paying a minimum of 20 a mont and it'll take like 150 dollars just to pay off a 100 bill. |
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up_all_night420
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You should pay slightly more than the minimum, and ahead of time. This way it will be reported as "paying more than minimun, and on time"
If you dont have credit, gas station cards are a good way to start, buy you generally have to pay them off monthly. |
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kristin
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Yes you can build your credit by getting a credit card with a low amount, buy small purchases and pay it off the next day. I had terrible credit and I did this to raise mine. If you are able to also the higher the purchase you pay off the faster it will work. Just make sure you do pay it right away. Otherwise just get small things. |
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Pocahontas
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if you use a credit card you should pay it off as soon as possible. If you only pay the minimum in the long run you end up paying more because of the interest. |
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illinicubbies
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own something tangable, ie property, car, or stocks/gold
you can use that as collertal, also a Whole Life Insurance Policy is a great way to build credit, kinda like building equity from owning a home. |
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ingeniousolutions
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Not that I've heard. Personally, I would get a credit card and buy something small and when the bill comes in, pay it before it is due. This is how you build good credit. If you pay hydro, phone, cable, or have a lease or loan, how often these are paid on time will also effect your credit score. The best answer is to call the Credit Bureaus and ask them how to do it and possible find out what your score is. Just remember to apply for only one card, because each time you apply, it will show on your credit report. |
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Legna_Inc
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I am a mortgage broker and to a certain extent, that's true. Though I don't know what your current credit rating is, please not that this a generalization and may or may not apply to your situation.
Your choices for creating good credit history, in many cases, come at the cost of higher interest rates. This is done based on how they view you as a risk. Generally, with NO history, you will not get the best rate, nor will you get the worst. Check with rent-to-own companies (I know, it sucks), but make SURE that they report to the credit bureaus! Not just when you miss a payment, but when you are on time - all instances. The KEY is to establish a min. of a 12 month history, ideally 24 months.
Check on the net, ask your local bank and even friends that you trust for possible avenues.
Note - here's something few people know; do NOT maintain a balance on a revolving credit accoun that exceeds 65% of your limit. I could tell you why, but it would take up too much space here. But that is the magic number. Also, make sure that there is activity on the account; an open account with no activity is just about worthless. Why? They want to see your pay history.
Hope this helps. |
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