 Can Collections file a case on you and get you arrested ? |
| can that happen if you owe $600 or more to your bank, credit card company, or online company like neteller ?... |
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 Will consolidating my debt with a consolidation company worsen my credit or will it help? |
| I am in debt with all my credit cards, i was thinking about consolidating my debt but I heard that was going to mess up my credit even more. Is that true?... |
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 Which credit card should be paid off first? |
| I have 2 credit cards that I'm trying to get paid off. Card A has a balance of about 700 and an interest rate of about 9%. Card B has a balance of around 1700 and a REDICULOUS interest rate of 28... |
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 I forgot to pay my discover card payment. Will it affect my credit score? |
| I was just busy over the holidays and missed it. I paid it on my computer after I got off work last nite, but I am so embarrassed because they called me at work and wanted the payment then and their ... |
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 How can I build my credit? helppppp? |
I just turned 18 in October and I need helppp!
I can't get approved for credit cards, even the ones that say no credit history credit cards, or instant approval. I've applied for a ... |
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 I want to start building my credit, How do I do this? |
| I'll be 18 soon so how do start building my credit and keep it good?... |
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 My credit score went from 765 to 632. I have 2 hospital bills reported in collections. $953, and $480? |
What happened?
Additional Details
Is that really enough to make it drop so much, or should I check into this? Who would I call, the credit bureau? What is the FASTEST way to correct ... |
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 Need a Bad Credit Loan? |
| I am looking for a loan I have a poor credit score, looking for lenders that are willing to lend rather than waste time saying they do loans when they don't. If anybody has managed to get a ... |
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 How do you get an unsecured loan when you have EXTREMELY bad credit.? |
| I have tried prosper.com as I have seen suggested so many times on this site, but I was turned down. I need $3500 ASAP. I am desperate.... |
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 Terrible credit credit cards? |
My credit is not bad because I can't handle money, I have never had an account open in which I would receive credit if I paid on time or vice versa.
Two medical bills, small $10... |
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 My credit is about 650 and next year i want to refinance home? |
| i have a credit score of 650 got 1 credit card one small loan that will be paid by october and mortgege payment i want my score to be at 750 next year is it possible with these credits or should i ... |
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 I purchased a home for 360,000 paid 50k, down and I now owe 366K on it payments now 2700 a month, suggestions? |
| the lender will not lower the payments or the interest rate and the new appraisal on the home is 330,000. Any suggestions will help I can't afford the payments.... |
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 Credit card question for you folks that 'know better'!? |
| I have 2 credit cards with extremely high interest rates because of past mistakes.. one is for $500, the other for $700...they are nearly maxed out because with the interest I can't get ahead. W... |
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 If you default on your credit card debt, an unsecured debt, why can the bank garnish your salary? |
| I thought a credit card was an "unsecured" debt, meaning they are loaning you money not based on your assets, but on their assumption (based on their research into your history) that you ... |
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leggsley | Out of all 3 reporting agencies, which score do lenders usually use when making a credit desision? |
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 |
 
CP
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Depends on the lender. I used to work for a lender who used Experian, but if the Experian system was down, would use TransUnion. Really, if there's a problem with any of your credit reports you should address the situation with the bureau directly (www.experian.com, www.transunion.com, www.equifax.com).
You should consult your prospective lender to learn their policies about which bureaus they use. |
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shardonnay
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experian |
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tennessee
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usually the middle one is what they use. |
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Henry Sosa
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Every company would use one two or all three for their decision. You never really know what credit report they are going to use until they send you that letter that says you have been denied because of Expiring. |
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Tony L
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Firstly, it depends on which company you're trying to get credit from. If it's a department store or small company, they may just pull one credit report. Which bureau they choose is their decision, based upon the fees they are willing to pay. For example, if you're applying for a Gasoline card, they generally only do one credit report. Whichever bureau charges them less for credit reporting, is the one they will use. However, for a car loan, they may run all 3, in which case, they'll choose the middle score between the 3 of them. Mortgages always run all 3 reports. You can ask the company which bureau they run before you apply |
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SPIFIMAN1
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None of these people are correct.
It depends on what type of loan you are applying for. If it's a vehicle loan the lenders only look at Equinox or Trans union.
If it's a mortgage loan they pull all three and use the middle score.
If it's a personal loan it will depend on the lender, they all have their own default bureaus. |
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Cam
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It actually would depend on what type of loan you were applying for. If you are trying to get a car loanit will be your experian score. But if you are trying to purchase a home they will use the middle score of the three. I hope this helps you out. |
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jerman1919
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experian |
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Gwynn T
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None of those are the right answer!
I AM A MORTGAGE CONSULTANT AND THIS IS MY PROFESSIONAL (and free) ANSWER.
The middle score.
All lenders look and the "mid score". That is the magic number. Ask a trained professional to look at your credit with you before your loan is submitted. If there is anything on your report that can be corrected or "tweeked" to improve your score you want to get that taken care of first. (Pay this card down to this amount, pay off that collection and so forth) |
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~ViSiOnArY~
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It depends on the company but the most common is Equifax because they are usually the most up to date and easy to receive. But be careful some things will be reported on one of the three but not all three. ex. a late payment can show on one of the three agencies but not all three. |
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