 Best credit card to get with excellent credit? |
| I have 'excellent' credit ( 780-give or take a couple points depending on bureaus). I want to get another credit card because as of right now I only have one (when I was younger, I was ... |
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 Credit Card Question? |
A hotel charged my credit card when I requested to pay cash. They said they cancelled the charge cuz afterwards they accepted my cash..is this going to appear on the credit card record?
A... |
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 Has anybody taken surveys online and actually got paid? |
i am 16 years old. and i need a job badly
i was wondering if any ACTUALLY USED a site and took surveys and got paid.... |
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 Is it bad to pay your credit card before the bill is due? |
| I often pay my credit card mulitple times during the month instead of making one big payment when the bill is due. If there is a balance due for the statement, I always pay it on time. I was just ... |
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 How do you rent or buy a house or a car with no credit? |
hi,
I'm 22, and I would really like to know if it is possible to rent or buy a house or a car without any credit? I have no credit whatsoever, I only have a debit card, which works ... |
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 Wages on time.? |
| can an employer change from month to month what day he/she pays you.... |
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 The interest rate on one of my credit cards was recently raised from 9% to 23%. What are my options? |
| Like a lot of us, I am trying to dig myself out from too much credit card debt. I have a monthly budget and have been paying down balances as I can. Recently, one of my cards increased my interest ... |
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 If i don't use my credit card, will they close the account.? |
| i have a cc that i haven't used since i've received. i do plan to use it at some point, but i'm young, the cc line isn't alot, so when i use it, i want to be smart about it. I ... |
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 What is the full form of EMI? |
| % EMI for purchase of some goods.... |
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 I am 26 years old and married, my husband and I have not very good credit, what to do? |
| Not good credit, no saftey net, two young kids, want to buy a house. What steps do I take, where do I ... |
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 What happens if you don't pay your creidt card debt? |
| I am sitting her sick and tired of paying this ******* and getting charged 30 percent intrest I have 20k that i owe to credit cards AND my payments are like 650 bucks a month and that fu"kin ... |
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 Can i get a credit card when i have no credit? |
| do you know any websites where i can apply for one?... |
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 Does anyone know where I can get a loan with bad credit?? |
| There are tons of websites, but I'm not sure which ones to trust? I need it for a studen loan actually, HELP!... |
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 How do I establish good credit with my credit card? |
| I just got my first credit card, and was wondering what the best way was of paying off my first bill? I've heard to pay double the minimum payment for 5 months, then after that start paying off ... |
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L S | Trying to buy a house with bad credit? Where to start? |
My wife and I are loking to buy a house very soon. I have pretty bad credit (550) and tired of paying rent. I have a three year old and one on the way. The apartment arent big enough for the four of us. I just got a new job (this month)making around 50,000. But, like I said I have bad credit. What is the best way to go about finding who will give me the best rate. What is the FHA loan? is lending tree any good? Should I try to find a lease to purchase / rent to own. I just dont know where to start. Any advice would be great thanks. |
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Gary H
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You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that.
WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below...
http://www.axalda.info/bad-credit-car-loans.html |
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Alterfemego
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What I would suggest is locate several loan companies near where you want to live or are living now. Please don't use online mortgage companies, this is too important, you want to talk to someone face to face so that you know they understand your financial situation. As for your bad credit, they are the professional, not these folks here at Yahoo. An FHA loan may be the right thing for you, then maybe not. If you have never owned before, ask about first time buyers money. That can help you with things like downpayment or closing costs. So start with a loan company, have them pre qualify you. That way you know what you can afford. The by looking at open houses in the areas you like, talk with the agents and when you find someone you're comfortable with, ask them to help you find your home. Working with an agent does not cost you anything and they do all the leg work, plus drive you around in a pretty nice vehicle most times! lol
Your bad credit or low credit score will impact you, there's no doubt about it, but maybe not to the extent that you think. You are on the right track as far as understanding that renting get's you no where and owning does.
P.S. Just don't let a loan officer talk you into anything but a fixed rate loan. Save yourself a lot headaches down the road.
Good Luck! And thanks for being in the market! |
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Melobar7
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Got any friends in the industry? Talk to them. It's who you know and word-of-mouth. I'm in the market to buy myself, and it is a buyer's market, so the timing is good. However, to avoid getting run over, you want to talk to someone who is really going to look out for you. There are hundreds are mortgages to choose from these days, and a lot of them are set up to offer you help getting your credit together, but then the payments balloon after 3 or five years. And of you haven't gotten it toge her, guess what? You can lose your house.
I'll say it again. Talk to someone you know and trust to get the most honest, up-to-date, and affordable help you can. |
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petey00petey
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I WOULD RECOMMEND A RENT TO OWN |
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KC
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I would suggest on fixing your credit. Start by getting a low limit credit card and pay the entire amount for six months. Make sure you have the money to cover what ever you buy. This will show an improved track record, but even then you will probably have to find a fixer-upper or a bank/government repo.
However, with bad credit you can count out a good interest rate, but after six months to a year of making on time payment you can refinance.
Even though this will cost you a little more it is actually better because you aren't flushing money down the rental toilet.
Good luck! |
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CAT
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First of all, that's not THAT bad of a credit score. Call a real estate agent! Do NOT start with companies like the one you listed. Agents have banks that they use and trust and you will more than likely get a better "deal" that way! Here, in OK, it is a buyer's market. maybe nationally, too...don't know. You can email me through YAHOO if you'd like with more questions. |
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Will
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Well I'm in your same boat...I was a 586 and in 3 months built myself up to a 610 so far. I did this by:
1. Paying off all my collections (Since the collection agency can put a lein on your house for even a $200 debt, mortgage companies always reject open collections)
2. Pay down your Credit card balances to just under half of the credit limits. (Having balances near or over the limit make you look credit hungry, thus lowers your score...Also having open accounts in zero balance for awhile makes you look unprofitable thus also lowering your score)
3. By not closing my oldest revolving accounts that are in good standing. (Having revolving debt for a longer amount of time shows longer credit experience)
4. Never getting a car or house reposessed.
5. Don't go into bankruptcy.
There are banks that can help. My bank now is offering, with at least a 620 credit score a no downpayment, no fees and no Private Mortgage Insurance. Good to start there.
If you can't build it fast enough there are higher rate mortgages out there that just let you make the interest payment and when you get refinanced, the equity is only from market value fluctuations due to the fact you never payed the on the principle, only the interest. But this gives you ample time to build up your score, for adding any kind of mortgage gives you variety of credit lines (Mortgage, secured, unsecured, revolving, auto) you have experience with, thus also raising your score.
Also when it comes to "money talks, b/s walks", its sp true with the down payment. The more of a down payment, the more committed you are to making good on your payments.
Co-signers on the loan is also allowable and also increses your chances of getting a loan, for they are usually working off the best score in the group. Be careful to not default on the loan for you this makes the person who trusted you to go ahead and co-sign for the loan liable for paying if you don't. |
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colormehappy
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you have other factors to worry about. since you have not been at your present job for very long they will view that as unstable. also the market is more of a buyers market now but the lenders are scrutinizing loan applications alot more. the good news is that you may qualify for first time home buyers assistance programs and can get some really good assistance. try contacting your counties housing authorities they should be able to help. in the meantime clean up your credit by paying off any deliquent accounts in collections, pay off any credit card debt (this willl give you more buying power) DO NOT close any accounts which you have a long history of being in good standing with. good luck |
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Richard S.
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If you making good money then save for a down payment. Cash is king.
FHA is an option if you live in an area with low enough property values. FHA loan limits are set by geographical area. FHA doesn't look at FICO scores, however... you will need to pay off any collection accounts.
I would work on improving your credit. I work for a bank and loans for subprime borrowers are disappearing. The rates are sky high now (9-10%). Get your score up to a 620 and you can go with fannie mae or freddie mac. No recent BK's or foreclosures. |
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Michael T
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Bad credit can make a mess of your quality of life. I am sure you are experiencing this. There is hope. Last year my credit was so bad I could only get a payday loan. I did a lot of research on credit repair because I heard there were a lot of scams out there. I found a lot of scams but I also found several solutions for credit repair that actually work. I was able to increase my credit score by 200 point in less than 90 days. I knew if I could do it others could too. I decided to create a website that lists the products I reviewed so others would know which products are not scams. You can visit it at http://www.your-credit-solution.com/creditsolutions.htm
I hope you find your solution there. Good Luck! |
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clr9798
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Google it. |
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Helen m
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There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued with bad credit issues. These sites help consumers with bad credit scores to increase the viability of their existing credit scores and set up loans regardless of their credit history.Companies that specialize in bad credit home loans; usually offer a wide range of options for consumers with bad credit<!--These options include Bad Credit Home Loans, Home Equity and Line of Credit (HELOC) Loans and different options for Mortgage Refinancing, making it possible for those with bad credit to realize the dream of owning their own home.You can find more information on Home Loans here,
http://badcredits.awardspace.com/homeloans.htm
They also offer a debt consolidation offer which helps the home owner organize a comprehensive program for controlling their spending. Many consumers with bad credit are grateful for the opportunity to receive a second chance, sort to speak-->Bad credit hasn't stopped them from purchasing a home. There are several programs available for people with bad credit that helps to restore their credit status and to live debt free lives. |
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