 Does credit denial cause your score to drop? |
| I was needing to know if you apply for a credit card and you're denined, does that make your credit score drop. And if it does how many points will it drop?... |
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 How does a 28yr old with no credit history start establishing a credit history. Applied for 2 cards & denied!? |
| Applied for two low end cards and was denied. Will someone give me a chance? Don't really want to get a "secured" card.... |
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 I have a lot of credit card debt close to $50000 from my business. What are some ways to clean this up? |
| My business is still in the growth stage but we have racked up debt close to $50000 that is sitting on my personal credit cards. Should I transfer that debt to a large credit line under my company ... |
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 What might this do to my credit score? |
| I have a card that is paid off and compared to my other cards, it's limit pales in comparison. I want to close it. However it is one of two oldest accounts. The oldest account has a limit 4X ... |
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 Discover Credit Card? |
What are some of the benefits of having a Discover card?
Anyone have any experience having one?
PROS/ CONS?
... |
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 Credit Report Question? |
How long does the following information needs to stay on the report?
* Accounts that are paid for as agreed
* Charge off ... |
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 How old do you have to be to have a credit card? |
the title is self explanatory
Additional Details
can my mom get me one?... |
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 Visa Mastercard....or any credit card? |
If I buy some shoes and they dont accept paypal but only major credit cards.......where will the payment be deposited??
Will it be deposited into their checking account or something?... |
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 Credit Card Fraud question.? |
| My child's father used our son's soc sec number to get a credit card. Who should I tell & what will happen to my son's father?... |
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 If you pay collections off that are on your credit report, does that help any??? |
| I know it will stay on your credit report as a paid collection, but does it help any??? Your score??... |
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 Should I transfer my college debt to 0% credit cards? |
| My wife has about $28000 in school loans. Should I transfer this to credit cards, two in her name and two in mine, with 0% interest and keep flipping credit cards every year to maintain the 0%?... |
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 Debit card question ...? |
| I just got a new credit card in the mail(haven't had one before) to start building up credit. I read an article in Men's Health that recommended ditching the debit card and only having a ... |
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 Credit score question? |
| I just paid off the balance on my credit card. I just want to know how it will affect my credit score if I go ahead and cancel my credit card account. Some people have told me it's better to ... |
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 If i close a credit car account in good standing does that lower my credit score? |
| my bank offered me a credit line 1500.00 w an excellent interest rate the other company i only have a 250.00 limit w very high interest rate if i close that account will that lower my credit score?... |
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 Prepaid credit card????? |
could u pls tell me if prepaid credit card build credit history?
... |
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pinkprincess | Is it easier to get a home loan with bad credit if you have 20% to put down? |
I own a home now, but want to move. My credit has gotten bad since my last home loan. I would have at least 20% to put down on a new loan, do you think I could find someone who would finance me?
Additional Details
The credit problems I have now are from medical bills and other very small debts. I don't have ANY credit cards, and my only other debt is my current house and car. |
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just♪wondering
 |
Probably, but you will not get the best interest rate. A big problem will be if you have too much other debt: car loan, credit card bills, etc. This plus the higher interest rate will limit how big a loan you can qualify for. Before you go house hunting, go to a reputable loan officer and find out whether you can get prequalified.
Another way to go will be to look for a house with owner financing.
I hope that you are taking steps to clean up your credit and to correct whatever mistakes you have made that have hurt your credit rating. |
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huh
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:) |
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sunshine_today
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www.naca.com
They are a non-profit housing advocacy group. They do their own financing, will work with you to get your credit back on track and they also work with banks. They do fixed rate loans. Check them out. If you have bad credit your terms with a lender aren't going to be that great. NACA isn't about profit, they are about getting people into houses. They got their money by taking on Fleet Bank for predatory lending and they won. Now they use that money to help others get into homes. Good luck! |
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westoz
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if you own a home alredy and have 20% deposit that would be considered rich. if you are selling old home why is it u only 20% deposit. |
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baby_luvx3
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To have 20% down on a new home would be a huge asset and would be looked at very favorably. Depending on your credit score your interest may still be sky high though.
My credit is very damaged from a bankruptcy, we bought a new house with 0 down by going through a private contract/owner financed.
Just a thought for you to check out. |
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Elle
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You should get a copy of your credit report so you know exactly what you are dealing with. You can get a copy for free at www.freecreditreport.com. If your socores are sub 500 you wont be able to get financing even with 20% down. You can clean up your credit in 2 years as long as you have 4 trade lines and make your payments on time. If your scores are above 500 and you do not have mortgage lates you can easily get financing in the sub-prime market. However, expect to pay a hight interest rate. |
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tams
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Yes, but if you have that much to put down, make sure you use some of it to pay off any collections or late payments you currently have...that will help things along a bit. |
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Thom Thumb
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I'd say the chances are good. 20% is a high downpayment. It should help the credit issue. Call banks you're going to apply to and just ask them this question point blank. They'll tell you. |
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ron d
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Worry more about your mortgage payment history..... With 20% down you should have no problems. If you have no late mortgage payment on your credit report which in the last 24 month you would be an A+ borrow. |
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