 How can I improve my credit score fast??? |
I checked my credit score about a month ago on freecreditreport.com and my score was 665.
This month I apply for a loan to purchase a home and because I had 2 credit cards almost max out my ... |
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 Why do Americans have so much credit card debt? |
| I ask this because a few months ago I had about $1,500 in credit card debt at about 9% interest. I thought this was a lot. Then I read that the average American has credit card debt in the amounts of ... |
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 My wife is being harassed by a collection agency that we have not heard from in 7 years. Help!? |
| My wife had a credit card that had a $2000 limit on it in 1994. She made payments on it for awhile, but stopped in 1997 when money was tight. She did not receive anything from the credit card ... |
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 Bad credit without ever having a credit card? |
I need help. I am 26 years old with horrible credit. I have never had a credit card, all of my stuff is from bad decisions and not having steady income. (was a server for almost 9 years)
M... |
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 Is there a way to get a full credit report for free? |
| I heard once this is possible once a year. Any leads on where I can get this?... |
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 I need a loan can anyone in the usa help? |
| I am in search of a loan ,,,, I don't want one of those scammers of a private loan company ... i wnat something in the usa ... can any one help !!!... |
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 Can I get a personal loan if I have a horrible credit history and currently have no open account? |
I Got kicked out of my place and I really need a loan to pay a down payment to this apt. Im moving in to, but Im thousands of dollars in debt and im afraid to open a new account.
Additional D... |
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 Bad credit help? |
| hi i am 33 years old and over last years i have had bad credit cause of losing my job having a loan with no security ,unable tp pay loads of debts having thins for my partner wich he never payed i ... |
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 What are the ramifications of not paying a credit card bill at all? |
| if your credit is already destroyed why bother paying the bill? What else can they do to you?... |
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| Advice on a loan? |
| hi, im currently paying off a credit card of 3000 and a loan of 1000 (lloyds tsb) im not on a high income and im struggling with the repayments. im paying something like 120 a month. can someone ... |
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 After I pay off 3 credit cards should I close them or keep them open? I want to build more credit.? |
| I was unemployed for a while and wasn't able to keep up with payments so now my credit is not great. I have 2 cards that have been closed but I have been given assistance by the creditors to ... |
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 Credit Cards? How do I get my own credit card? |
| Today I found out that my credit score is 770. The reasons why my credit score is high is because my parents co signed ro me to get a car loan. I also have a credit card but my parents also have the ... |
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 How can I get rid of $30,000 in debt easiest? |
| I owe 30k and absolutely do not want to file bankruptcy. I can afford to pay $900 per month but the balance just will not go down. They will not lower my interest rate either. I am skrued?... |
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 Medical bill - What happens if i just don't pay? |
| My wife went to the emergency room. We have insurance with a high co-pay. We own a home and don't plan on buying another one any time soon. We have enough cash to pay the bill, some in my ... |
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 How do I get my name off a co-signed car loan? |
| I co-signed on a car loan right before I separated from my husband and later divorced. He has a Ford Explorer of which he hasn't made the payment on for the last 4 1/2 months. No one will allow ... |
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 Will my bad credit affect my hubby's good credit when he tries to refinance his mortage? |
| I have bad credit, My hubby has great credit. He is looking to refinance a home he purchased before he got married to me and wants us to apply for a refinance loan together, I'm scared that this ... |
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 Debt - What should I do??? |
| I am a 21 year old college student with about 9000 in credit card debt. I lost my job for a while and fell way behind on all my bills - now I have collection agencies calling me all the time and ... |
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 My daughter-in-law took out credit cards in our names but refuses to confess, what do I do? |
| I have reported to the credit card companies but it's been seven months and nothing has happened yet. I told them it was her and we have reported it to the police but I still don't know ... |
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 Why the heck?! (Credit Report question)? |
| I have had a capital one card for years now, it only has a $500 limit w/ a high intrest rate and I have NEVER been late on it. After significantly improving my credit (years of work) I applied for ... |
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lualfon02 | Is a credit score of 571 for a 23 year old good? |
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friendly neighborhood atheist
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no. they don't take care much about your age. most banks won't even consider you for a loan until 650, and that's in the "C" range of credit. you'll pay a higher interest rate even at 23. 700 and above is a much better place to be. |
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j_dooley44
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Not so good. Getting your credit over 625 should be a good short-term and very feasible goal. To do this, you should ALWAYS pay at LEAST double the minimum payment for all of your credit cards. If you happen to pay late on an account, pay it asap to keep it from going 60 days overdue. The more occurences you have of longer overdue payments, the worse your credit score gets. Better yet, if you know you can't pay an account on time, contact the creditor! You'll be surprised - I had some trouble when I was about your age and had to contact some of my creditors to give me another week to come up with a payment. Most of them worked with me and prevented my credit from getting worse. After about two years of on-time payments, paying more than my minimum, and keeping my revolving balances low, my credit score jumped from 523 to 730! So, it is possible, but you have to work hard to stay on top of it! Best of Luck!
PS - most normal bills like water, trash, phone, rent, etc do not report on-time payments to creditors! Some will especially if you are LATE, but if you are on time they don't bother.... |
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sir_karnage
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No, it is not a good score.
Different credit companies use different scales, but the general numbers are between 520 and 820, with a semmingly endless amount of things that can sway the number up or down.. From simply not paying bills on time or at all, to your debt to income ratio, and even the amount of your credit card balances (alway pay on time, and never max them out).
As a young adult, your on a bad track.. pay off what you can and get it straightened out..
As the previous answer suggested, "not if you want to buy a house" : You'll almost always be able to buy a car or house with bad credit, problem is the interest rate and terms of the loan will be so bad that it will almost assuredly put you in a crunch come bill paying time, which just revolves the cycle and keeps the credit bad. |
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jondog
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571 is not a good score for anyone. Lenders consider any score under 620 as bad credit. 620 to 720 will get you good interest rates. over 720 will get you the interest rate you see advertised by Ditech and all the other lenders. The rate they show is for people who don't need loans and have large incomes. |
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had438
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Not rally; that usuaslly means either you don't ahve a credit history or you have bad history. You should try to improve it by paying your bills on time; if you don't have a credit card; you should get one to increase your credit. Easiest way to better your credit is to have a phone/rent bill that is paid on time every month. |
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beauty s
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no its poor, it needs to be 650 and up to be good |
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The Real America
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Not at all. The average credit score is 650, and that is pretty low anyway. Work on it by adding a revolving account and paying on it on time monthly - don't pay it off completely each month because it wont help you much. But, do keep the balance low. |
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Agent47
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Not really. It's a little bad. |
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Steve C
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Nope. That is consider a rating of poor; age makes no difference. |
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Vocal Democrat
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it's not Tier 1 credit, but it's enough to get you into a home, a new car, or anything else you wish to buy!
Try to get it over 620, and you'll be in much better shaper! |
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Salayne
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awesome!!! Make it even better by getting a credit card and paying it off each month... |
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Impavidsoul
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Hmm.... it's okay. Kind of on the lower "medium" side. I would suggest what Salayne suggested: get a credit card (with a small limit so you know you won't go over-board) and buy little things, like a tank of gas here and there or something, and pay it off each month. But be careful, if you start using it as a "crutch" and start charging everything, and can't pay it off each month, it'll make your credit worse. Also, if you have a debit card, run it as a credit card instead of debit each time you purchase something with it. Financial advisers say that it actually helps your credit. Me personally, I'm too scared of owning a credit card - I'd probably end up getting in trouble with it! LOL....
The main thing is to get a line of credit that you make perfect payments on ... that's what really helps bring your credit score up. Like, if you have a car payment, be very diligent about paying it on time every month. Within a year, you'll really see your credit score rise. If you have any outstanding bills, pay them off! Also, stay away from those "buy here, pay here" places ... they don't help your credit at all!
Keep it up, and by the time your 30, you'll have excellent credit, and you'll be able to qualify at a lower interest rate and for bigger purchases, like a house, if you don't already have one! Good luck!!!! |
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SmartA$$
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not really I was well over 700 at age 24 |
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