 How to improve credit score |
| I am 21 years old and have credit issues.I looked my credit up and it said i have a 600 (D) rating .I only have hospital bills and one cell phone bill.I haven't had anything else in my name but ... |
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 How can I get out of debt? |
| I am swimming in credit card debt. I've got creditors calling my house and on some cards I can't make the minimum payment. I feel like I will never ever be good with money.... |
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 How should I handle my upside down car loan? |
| I owe 11,000 on my 2007 car that I bought new, it is worth only 8K to sell privately and 7K or less for trade in. Obviously I bought it from a crook of a car salesman while I had bad credit, big ... |
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 Is it easy to get a loan for bussiness (100K)? |
| how can i take out 100 K is it easy and if so what about my credit? pls helpp any general tips would ... |
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 I've had a Capital One card for a Year,When will they raise my limit? |
| Hi..I've had my credit card for a little over a year now,And i have a limit of 500..it was 300 when i first got it..and a couple months latter they raised it to 500.But that has been about 8 ... |
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 What would help my credit score more? Pay off some collections, or pay down credit cards? |
| I have $90 and $160 collection accounts I can pay, or I have about $3000 of credit card debt I could pay a few hundred on maybe. I am trying to pump up my low credit score within the next month or ... |
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 Planning to marry? |
I am planning to marry my long-time companion
here is the problem. He is unemployed due to a disability his credit is really bad owing student loans and IRS. I have a good job and my credit is ... |
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 What is my credit score? |
| I got my report back from transunion and its only a two page report but know where on it does it have my credit score. Does anyone else know where its located on the report or what????... |
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 How do I go about consolidating 10,000$ worth of credit card debt without using a debt management company? |
| Myself and my soon to be fiance are in a lot of credit card debt. Between the both of us we always pay our bills on time but now it is starting to become a problem where it is getting overwhelming. I ... |
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 What are pay day loans? Are they scams or rip-offs? |
| I'm having trouble getting a loan for $1000, I am considering a pay day loan, but don't know what they are.... |
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 Is is better to close a credit card when you pay it off or leave it open? |
| I heard that it helps w/ debt to income ratio...I had a few cards, paid some off & transferred balances..now I have two, One w/ a balance on a 0% card & one that is paid off, but still open &... |
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 Capital One Platinum Visa credit card? |
I have a capital one Planity credit card, they gave me a $2000 limit, I'm a college student. My interest is around 20%.
Does anyone else have the Captial one Visa Plantium Credit card and ... |
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 Help - A collection agency is trying to strong arm me!? |
| I've been trying to improve my credit, but with lots of old bills and living paycheck to paycheck, I have a ways to go and it's going to take some time. An old Visa account of mine was ... |
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 Would open up a new line of credit, i.e. credit card, loan, etc. hurt my credit score? |
| My current credit score is mid-500. We are planning to purchase our first home in the near future.... |
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 Is it bad to sign up for credit cards just to get rewards points? |
| I sign up for 5-10 credit cards a year solely based on the fact that they'll give me $50-$100 in rewards points for using it once. I pay my balance in full every month. Is it hurting my credit ... |
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m | Just filed bankruptcy, when will my credit be better? |
hello, I just filed for bankruptcy oct 25th, i haven't received my discharge yet , but will be very soon. I was wondering, how long will it take before my credit gets good enough to maybe get a good interest rate on a house or a car. I am in nursing school right now, and will be graduated nov 3, 2008. I hopefully want to have my credit to a point where i can get a good rate on a house. What steps can I take to improve my credit? I did just recently get a credit card w. a 350 $ limit, and plan on paying monthly to improve my score. I was rather suprised I even got a card w.out the discharge. I also just opened a checking accounts, and again was suprised to see i was accepted w. no problem, w. a big bank like bank of america no less. But what else can i do to achieve better credit and how long does it take? has anyone had similar situations. I am kinda scared to put alot of money in my bank account, because I am afraid a shady creditor will take my money out and garnish it. please help |
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jessica s
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you will now get a TON of credit card offers. Don't get sucked in and do this to yourself again. Keep your one credit card for the next two years and pay it perfect every month. Creditors love a bankrupcy - they are sharks who see blood. Be strong and get your life together and you will be fine. Good luck. And congrats on going to nursing school. :) |
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INACTIVE
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It will take a while ... like 10 years... before the bankruptcy is removed from your credit report. The important thing to know now is that you cannot file bankruptcy again for 10 years so be careful about wanting and using credit. Don't set yourself up to be put back into the same cycle you just got out of. There are creditors that will give you credit however I don't know what you consider to be "good" interest rates on loans and credit cards. You are still a credit risk even though you cannot file bankruptcy again. Now is a good time to live on a cash only basis so you don't get over your head in debt again. Once your bankruptcy is filed, you should no longer have collection calls so you shouldn't worry about having your bank account or wages garnished. |
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douglas l
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There's no simple answer to this. Ballpark guesstimate is 4 to 6 years before you can be be considered a good credit risk again. A bankruptcy is a very serious blemish on your credit but it's not the end of the world, it means from here it can only get better. Within 2 years you can be qualified for subprime auto/mortgages, but you can also expect to pay extraordinarily high interest rates, and that's WITH an unblemished credit history since your discharge.
Only time will heal your credit. A CC with a low credit limit can only help you as long as you maintian a solid payment history. Even with a bankruptcy creditors can be much more forgiving if have re-established a trend of responsible credit management since then.
But be very very careful. Although you do need credit to rebuild your credit, there are less than ethical credit issuers out there who are more than happy to offer you a shiney new credit card. There is a reason for that. It's because as a bankruptcy you are a prime target as someone who they think will go out and rack up massive debts again, except this time you cannot file another discharge. That means you are trapped with massive debt, outrageous interest and late fees, and cannot escape. Use very minimal credit and use it wisely, throw any offers you get in the trash. The rest is simply time. As I said, it will get better and your bankruptcy will be a forgotten chapter (no pun intended) in your life. |
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tennessee
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check out dave ramseys web site. your credit from now on will be up to you. God bless................... |
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Gillian G
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If you've been bankrupt what eveyone wants to know is that you are a responsible borrower and will pay your debts back with regular and timely payments. You get to demonstrate that by borrowing money, small amounts, and paying it back as you should. It takes time, but if you go about it carefully you can rebuild your credit.
There's a website here with some useful tips.
Good luck! |
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Keith B
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Stay away from things you don't need. That way you will not end up in the same situation. |
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Jen G
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Bankruptcy will stay on your credit report for 10 years. You can start rebuilding it by paying your bills on time so that by the time the 10 years are up, you're credit will be better.
However... I would recommend not getting credit cards, etc. Just pay cash. It won't get you into trouble again. |
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dragonfire
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in 2 years you still have poor credit
your report will be blemish from the BK for 10 years
you will get offers from credit card as they know you slate has been wiped clean
but none of the offer will be low rate
all will be high
typically 21 to 30 percent offers
you can go the secure credit route via Bank of America ( the only one i would reccomend, go to ripoffreport.com and search secure credit cards to see what I mean )
a 350 limit is low and will not help you much as no bank will see you as a viable risk since you have not shown that you can handle a large amount financed, a finacne car would be better but even then that's a cath 22 since you have really no credit to even get an auto loan, only time and building up your credit will help you out, expect at least 6 years for you to get a descent ( not good ) rate, as until that BK rolls of your report, despite the loan industry's bad finances, they can still be picky about the loan rates they give to "subprime" candidates like you.
they do not check for credit when opening a checking account or savings..
as for garnishment.. that against your wages
levies are against your accounts / assests
and the only ones that can do that are the federal / state goverment and even with advanced notice
creditors can only get judgements and possible wage garnishments, but as long as all your creditors were listed / included on your BK filing, you are in the clear with all of them and they have no legal standing once your BK ha been discharged. but if you forgot a creditor they have statue of limitations to collect, and your best bet is either to settle ( in writing ) or do not make any contact with them what so ever for 7 years |
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Studly
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Mike, take a look at the link I posted below. There is a lot of very good info on this site.
Recovering from a bankruptcy take time. But with proper planning you can cut that time by a couple of years. Still, having that on your credit report will still look bad to many creditors.
I've helped out a lot of people in these situations. The key is to get your finances in order and establish a good payment history. No intelligent lender is going to turn down a customer who can demonstrate they will pay back the loan, even with a bankruptcy on their records. You may just have to shop around a little harder.
PS...not spam. I recommend this site to everyone. I am not a lawyer or credit counselor, just someone who has been down this road and knows what to do. |
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iao y
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How to Improve Your Credit Rating After Bankruptcy : Bad credit and bankruptcy are the two most dreaded words in the financial world. These two things can greatly impact your financial situation. But what you are not aware of is the fact that you can improve your credit rating after bankruptcy. Your credit rating and bankruptcy |
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Kevin A
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http://bankruptcy-relief.blogspot.com has good information for dealing with a bankruptcy or trying to prevent one with alternative methods.
http://bankruptcy-relief.blogspot.com
http://loanconsolidation1.blogspot.com |
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