 I received a check today from Scott Fetzer for $ 2,950.00 as an International Promotions Prize ...Is it real? |
| Letter states I have won $160,000.00 and the fee of $2,950.00 was enclosed in the form of a check on Keybank National Association Vermilion, Ohio check # 021698, and states that this amount will be ... |
|
 Has anyone ever used the Federal Debt Relief System? |
| I am possibly thinking about using this company to eliminate my debt. I am to a point that I want to be debt free and I have been researching this company. I just do not know if I should eliminate ... |
|
 What's the best way to re-build credit? |
| After a bad divorce and bankruptcy, what's the best way for me to repair my credit score and move toward home ownership again now that I have my finances under control?... |
|
 Does anyone know of a company that will give me a $5000 loan with bad credit? |
| I'm looking for a second chance on repairing my credit and paying off some dept that i have.... |
|
 What happens if you don't pay your credit cards? |
| I'm in a major credit hole. I have about 25k in debt and only make about 28k a year. what happens if i stop paying my credit cards? can they freeze my bank account or take it out of my bank ... |
|
 Need a loan but cant get credit? |
| ive tried to apply for a loan for xmas they all seem to get turned down except for ones with outrageous APR'S I WAS WONDERING IF ANY ONE COULD HELP ME... |
|
 I need some serious advice on my credit report?????? at my wits end (UK only)? |
recieved my Equifax credit report and O2 (mobile phone company) have defaulted an account i apparently had with them for £10 in September 2003,
i had ordered a contract phone from them on that ... |
|
 How Do I get A CO-Sighner For my College Loan ? |
| I live in USA, but I want to go study in EUROPE. Im thinking about applying for a Internation Loan. I graduated last year, and I saved some money for College by now. The problem is I need a CO-S... |
|
 Any serious advice would be appreciated?? |
Should I work with a debt councillor or should I file for bankruptsy??? Which is more beneficial??
Big time debt, credit cards at max and creditors hounding us and we never have time to do the ... |
|
 Can you use a credit card to buy gift cards? |
| I was told that all gift card purchases must be in ... |
|
 Can a recovery agency attach your wages for a 6 year old credit card debt? |
| I got a call from a recovery agancy about a credit debt and they said if it isnt paid they can attach my wages. My wages are already attached for child support, I thought only the goverment could ... |
|
 Who pays credit card bills in case of a relative's death? |
| My great aunt pass away. She has no living husband or children. Who will have to pay her bills? She also had no will.... |
|
 How do you? |
| how do you build up your credit. I have no credit history and i have no clue about the whole credit thing. Can someone help me.... |
|
 Is there a reason for this if so what? |
Hi,
I am trying to apply for a credit card and so far I have been refused!
I am 25 and work full time and rent a flat with my boyfriend. I did have some debt problems but got a ... |
|
|  |
New to the game | Need help/advise on house mortgage and car loan? |
I just received my very first credit report/score from TransUnion. My current score is 680. I did have 3 late payments in 4~5 years ago. Other than that, my file was clean. However TransUnion still commented my score was being "poor"
Will I be able to get a good house mortgage in Ontario? I already saved up over 25% down payment but this credit report doesn't encourage me. How about a car loan? What is the average score banker/loaner look for? Thank you! |
 |
 
Mountain Top
 |
680 will qualify you for a decent rate (anything over 660). However you need to check all three credit bureaus, because the bank uses the middle score of the three - it throws out the high and the low.
The other things in consideration - Loan to Value (you have 25% down so that's fine), and income to debt - which for the house should be no more than 25-33% and total non-mortgage income to debt - which should be no more than 25% or so.
The idea is that for all your debt together (including home), you should not be spending more than 50% of your monthly income.
Get the home loan first, then the car loan. If you do it the other way around, you may not qualify for the house becuase of above. Once you have the house, the auto finance companies will give you a car with little regard for the ratios - because you are a homeowner (as long as your credit stays OK - above 620). |
|
rlloydevans
 |
680 is not sterling credit, but it isn't bad, a little above average. I'm not sure what the annotation of "poor" from Transunion is about.
The thing, though, is different lenders use different credit scores as a base to consider, but it isn't the only thing. 680 should pass one hurdle for almost all loan programs, but they will also have debt-to-income ratioss, time on the job and amount of time at last residence.
So you can have a score of 580 and get approved for a loan (although the interest rate might be quite high) but some one with 680 could be truned down if there are problems with other aspects.
That might be what the other poster was refering to about having "their own score."
The main point is to make sure that everything is paid to date now, with no delinquencies in the previous 6 months. Then you should have no problem. |
|
Tawana G
|
Check out this site, I'm sure they have the answer you're looking for. |
|
zyberianwarrior
 |
680 is quite good but the credit scores are now a days bogus. They have a different credit rating system. the car loan should not be a problem though and 25% down on a home usually means you got it. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 34 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 4 day(s) ago
| | | |
11 | 5 day(s) ago
| | | |
7 | 6 day(s) ago
| | | |
11 | 2 week(s) ago
| | | |
11 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
