 Can a cell phone plan build your credit? |
I recently got a 2 year contract in my name. I don't have any credit (I just turned 18 a few months ago) but they ran a credit check and I was somehow approved for a contract with T-Mobile.... |
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 Need a website where you can apply fo a loan with bad credit.? |
| Don't want any private lenders B.S. I don't have bad credit or good, so say it is fair. I am never late on payments, but have some doctor bills that have not been paid, I don't get ... |
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 Is a credit card better than a debit card? |
| I currently have a debit card and find it very convenient while making transactions at merchant dealers and online. But, most of my friends have a credit card and tell me to take one. I always think ... |
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 Do personal loans ruin your credit? |
| Can taking out a large personal loan of between 5-8000 dollars have any effect on your credit score?... |
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 Has anyone heard of or dealt with Eric Smith (eric_loan)001@yahoo.com? |
| I am thinking about applying for a loan from Eric Smith. He is asking for a non-collateral deposit of 2.1% of the principal loan amount and states that this is legal as stated in the Amended C... |
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 How do I protect my unborn child's credit from his irresponsible dad and grandad who have the same full name? |
| My husband John Smith II had his credit ruined by his father John Smith I. I am pregnant with a boy now and want to name him John Smith III but don't want the same thing to happen to my child. ... |
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 I need help in payday cash advance loan, plz? |
| I need some cash advance for emergency, somebody tells me a loan company that can lend me money like hundreds pounds??... |
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 BANK OF AMERICA check? |
my aunt in another state sent me a check in the mail for 1000 well....
i dont have a bank account and dont wanna start one quite yet, is there any other way to cash it?
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 Has anyone tried freecreditreport.com? |
| Just wondering if they are legit or if they will steal my personal info or sell it.... |
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 ARE there any real online lenders out there that give loans to people with poor credit? |
| Jeff Norerts? does anyone have anything on him? I got scammed once and i wont again but I need a loan immediately my life depends on it. If anyone can help me please do. If any of you scammers write ... |
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 Credit disputes question? |
I know this sound's bad, but can you dispute acounts on your credit if it's realy your bill, and if so what is the best way to do so?
Additional Details
THIS IS TO THE ONE WHO&#... |
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| What credit card should I get? I just turned 18 & I'm in high school, but want to get some credit history... |
| I'm not sure what credit card I should get. I want to get some rewards like rebates on gas, but since I've never had a credit card before I would probably not get accepted (or not?). Does ... |
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 Credit cards? |
| anybody know any websites where i could apply for a credit card with a poor credit rating?... |
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 $1600 Credit Card Debt.... help please? |
Alright, so I've been bad with my credit since the beginning of my last relationship. Brainfart.
Anyways, so my credit is fairly bad and I really want to get myself out of debt but ... |
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 Getting paid? |
| If our company gets paid on the 15th and last of the month. When those days fall on a weekend we get paid that friday....so if new years eve is a holiday and falls on a monday do i get paid on the 28... |
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 If i leave the country with debts can i still be chased abroad. can i leave debts here and start fresh.? |
| I was left with debts when my business failed two years ago. my ex buisiness partner hasn't paid any of the debts but we're jointly and severably liable. I have the opportunity to leave ... |
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 I never had a credit card.? |
| I never had a credit card but I need to get one for emergency use only. Every time I apply for one I am denied. I dont think I have any credit history. Can someone tell me what site will approve me ... |
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Matthew P | Is 640 a good credit score for a 25 year old? |
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Loan Lady
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The most accurate answer is "it depends." First, where did you get your score from? Is it a FICO score, a score from an individual credit bureau, or another source? Typically, different creditors use different types of credit modules in determining your score. Credit that is perfectly acceptable for a 100% mortgage may not be good enough to get you even a used car loan, and vice versa. Other factors, aside from your credit score according to the lender's module, constitute your credit profile and will determine your risk, and the terms of the loan. Other factors include, debt (to income) ratio, and employment history. I have seen borrowers with 800+ credit scores who have been turned down for loans at my hands. Why? Too many tradelines, too much unsecured debt, vast accumulation of debt, high risk of bankruptcy. To answer your question, if you live within your means, and have a few tradelines (lines of credit) that you allow to season (age) for a few years, you will find yourself not only with a good credit standing, but a balanced financial life. Age (aside from legal age - over 18)is not a factor considered when determining credit worthiness. |
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VATreasures
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640 is ok, but shows some room for improvement. Your goal should be to get your score above 700. If it is a lot of recent accounts, then you may find your score will be there after a year or two of good payment history.
The first step to improve your finances is to make more income than you are spending.
If you have a very high rate debt you should pay that off first, otherwise start with the smallest debt and pay extra towards that one. Also try to build up savings so you will not have to go back into debt when unexpected expenses come up.
Make sure that your payments are made on time. Also once you have paid off your debt, you can pay your credit card in full and it will still count towards establishing a longer credit history. |
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homeschoolmom
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I wouldn't worry too much about your credit score. Your credit score is a measure used by lenders to see how well you manage your money. An even better measure (from the lenders perspective) is if you have lots of cash available. If you have $10,000-15,000 in savings, any bank will lend you just about any amount you want at a great rate (don't go in asking for a million bucks, tho'). Do you really think Bill Gates worries about his credit score?
When you apply for your home loan (the ONLY thing you should ever borrow money for), the lender will request your credit report from the reporting agency and will ask you for copies of your last 2-3 months worth of bank statements (checking and savings) plus your last month or two of paystubs. This allows them to see your complete financial picture (can you afford this loan).
ALWAYS have cash in a savings account for emergencies. They WILL happen so it's better to be prepared. |
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johnmarc007
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say you want a car need a min of 700 to egt a better Irate |
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warlands
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That's alright. Could be better, could be worse. |
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deepak57
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It is an extra ordinary score. |
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shizbomb WMD
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Its ok....I am 28 and I have a 760 |
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lx_neve
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640 is a great score for the age just try to keep it there because as u get older it wont be easy. |
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arvee15
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yeah, i think so. i'm 30 my credit score i slower than yours. LOL |
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The Pilot
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depends on certain factors, I guess. Do you have a lot of credit cards and not a lot of other loans (car, house, etc)? That can hurt your credit score. Also, if you haven't had a lot of time do develop your credit history, that will hurt you, and that's nothing you can do until you get older. Don't worry, 640 is considered good. |
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It depends. If you're just starting to build a credit history and you have a lot of new accounts, it might not be so bad. If you've had a credit history for a long time and your score is lower due to high balances or something, then maybe that's a problem. I don't think it's terrible, but what really matters is what you're trying to do with your credit score (ie: buy a house, take out a loan, etc.) |
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