 Will my hus bad credit influence mine? |
My husband just settled two credit cards under his own name. Will that bad credit history influence my credit score?
Sb told me it will only influence me when we are trying to buy a house ... |
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 Where can I go to actually get a FREE credit report? |
They all say "free credit report" and as soon as you get to the last page of questions, they ask for your credit card.
I know there's a place some where because I did it ... |
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 How can I find out what a credit card's credit limit is before I apply for it? |
| I am looking at several credit cards, but the most important factor to me is the credit limit. Is there any way to find out the limit before I'm actually approved for the credit card?... |
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 How can a young adult (between 19-21), start up some credit? |
| I need to know because I trying to start school, and I need to take out a loan. The school I will attend is a "career training" school. Dad and Mom credits were not accepted so, now I ... |
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 No Credit History? |
| I was wondering if it is hard to get a Target Card. I'm 18, I have no credit history whatsoever, but I want to start building a credit history. I love target and know it would be a good store ... |
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 How do i stop a bill collector from calling me,because they want to talk to my daughter,without giving her #? |
| i think someone stole her ID in the pass, and now some collection agency picked up the contract. My daughter had a job where she was making over 60k a year. she just had twin girls last month.she ... |
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 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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Tony D | Lost job and credit went to hell? |
i had about 5k in revolving account and a car loan for 21k now thats down to 10k. my problem is i had 5 credit cards and a 2k loan all of witch where just about maxed out. well i lost my job for about 2 months and couldnt make any payments on anything i got back on track but by then i had late fees and over fees on all acc. and the 2 k loan i had got charged off. well once i got a new job i took care of the loan and paid for it in full then i went about paying all the fees i had with the credit card and that was taken care of i have about $900 on a 1k credit card the other 4 cards only have 500 limit and 3 of them are at 50% paid for the forth i would say i only paid 25%. my score is now at avg of 538. i applyed for a loan in hopes of consolidating the other debt but still declined what can i do ? i have a pretty safe job and good source of cash flow comming in not enough to pay off everything but still i would like to be ride of this debt and get back to having good credit |
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someonecanbme
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I read the story-that sucks.... |
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Studly
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For several weeks now I've been posting responses here about this very subject.
The danger of paying off your overdue debts is that once they are paid off, you still have bad credit. Why? Because the creditors will not restore your credit history. They will continue to punish you for the next 7 years! Is that fair? You paid your bill and it doesn't help you at all!
That is why I contantly tell people to demand IN WRITING that if you pay your bill, the creditor will remove the negative report from your history. Yes, it is legal. They will try to tell you it's not, but just read the Fair Credit Reporting Act. It's all there.
So now what? All you can do now is contact the creditors, kiss their b*tt and politely ask them to remove the listing. But now that they have your money, don't count on any cooperation from them. |
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homeschoolmom
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First - you need to know how much you owe and to whom. Sit down with all your bills and list: how much you owe, the interest rate, and the minimum payment.
Once you know this, start with the account with the SMALLEST BALANCE. (It has been proposed to start with the highest interest rate, but the difference in interest paid after you've paid everything off is so small, it is better to start with the smallest debt. This way, you get encouraged with each debt you pay off and you can fairly quickly increase the amount you pay to each susequent debt.) Pay as much as you can on this debt and the minimum on everything else. Once debt #1 is paid off, take the money you were paying them and add it to the amount you pay to debt #2. Keep doing this until everything's all paid off. This is called a Debt Snowball. The amount you pay each month will stay the same.
For now, stop trying to consolidate. Too many requests for credit will actually hurt your score. As long as you can make the minimum payments and a bit more, give it 2-3 months, making payments on-time, then look into a consolidation loan. Just make sure your minimum payments cover at least the interest charged each month. Realize that by reducing the amount of your payments with a consol. loan, you will take longer to pay off the debt and may pay more in interest. |
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call me anon
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Talk to the people at the Consumer Credit Counseling Service. Check with the Better Business Bureau to make sure
they are legitimate. I have a friend who worked with them
and he was over $40,000 in debt. He is now debt free and
just bought a house. |
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bglassford
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Work out a plan to pay things off as fast as you can. One way that has been suggested to work is pick the card with the highest interest rate. Pay the minimum on all the others, and put every dime you can on that one until it's paid down. Then work on the next highest interest rate one. As you go, you should get more and more money to pay down the cards since you're getting rid of the extra interest, so it speeds up.
Cut spending to the bone - look for ways to save money and put that against the debt. Even $10/month extra can help clear things out - and it goes really quickly. Also, talk to the credit card companies and tell them your situation. They may be able to help - and may reduce your interest rates since you had a short bobble in the payments. Whatever you do, don't charge anything more... |
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Mudisfun
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The one account that you have paid off already... Call them and see if they would be willing to issue you a letter of deletion for the negaitive information on the credit report. If they do send it to all three credit bureaus; that will help.
Keep in mind that every lender I work with 100+ looks at consumer credit counciling as a Chapt. 13 BK and your rates and terms will be based on BK criteria and CCC DOES show on your credit report... Just an FYI.
Good luck
Kevin |
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karrottopless
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get a second job. My husband was laid off three years ago and for almost two years, he worked two full time jobs and I worked seven days a week to make ends meet. It sucked, but we were okay and now, we are great. I am not saying work like that, but maybe get a part time job to make extra cash. |
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ljpeterson1956
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We went thru that, too. You need to wait 60-90 days and let your credit and score REST. Make sure anything that is past 30 days is taken care of and paid. No activity, except normal paying of payments will bring your score back up. And those "views" of your credit score to see if you can get a loan, drops it down really fast. But those hits can drop off usually after 30 days. So, don't apply for anything, or inquire into it. Just let it sit and pay your bills...and rest and repair itself quietly. Consumer Credit Counseling is a good organization, but it actually looks less than desirable on your credit report. If you are now working and can afford your bills, do like I described above. Any good loan officer at a bank will tell you the same thing. Let the score rest and build itself back up. Won't take long if you behave. |
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GeeDub
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Sorry to hear about your situation. I think you should just pay off what you can (since you have a steady flow of cash coming in) and, over time, your situation will get better. I wish you the best. |
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coronaryrn@sbcglobal.net
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Sit down, take a deep breath... call each of your creditors and explain your situation to a manager... work out a plan to repay every creditor starting with the card with the highest interest...pay minimums on all the rest until that card is paid off, then take what you are putting towards the first card and add it to the minimum you are paying on the second highest interest rated card until that one is paid off...once the 2nd one is paid off put that entire amount towards the third and on to the fourth...etc....until you get all the creditors paid off....in the meantime don't apply for any more credit and wait for at least 6months if not 1-2 years before you do....during that time do not miss any payments on anything and you will build your credit back up to a much higher rating. The best advice anyone can give you is to not buy anything anymore unless you can pay cash for it that is unless it benefits you financially! |
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ourtoxicfreehome
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When you apply for a loan the underwriter will want to make sure that now you are on a safe ground in order to approve your loan. So we need to look at couple of things:
1. how long ago was it.
2. Are you working at the same line of work you did before
Obviously the longer you are with the new company the better it is for you. And if you also work on the same line of work then really you hit a home run.
It is the mortgage broker's responsibility (and that's why you pay him/her) to find out this information and to put all this information when you are applying to a loan.
You should find a good mortgage broker in your area who could really make your case. Don't let anybody submit your loan again, unless they can really understand how to put it and have it go through.
Worst case scenario, you can contact a credit repair company. I know of a reputable one, and if you email me, I will look up their number, I should have it somewhere, they have helped many people, and they have some kind of guarantee. Their first consultation is free of charge.
ourtoxicfreehome@yahoo.com |
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Its ME!!
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Have you looked into consolidating your debt?? |
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