 Can major credit cards do anything to you if you stop paying? |
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| So, I have an acct with WAMU (Washington Mutual) and made 1 late payment a month or 2 ago. Since I have online billing, and no paper statements (and they don't offer APR online)... I called to ... |
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 What is your favorite thing to do with those annoying credit card offers that you get in the mail? |
| I like to tear up everything in the envelope and put all the other junk mail I recieved that day in the post-paid envelope and mail it back to them, believe or not they eventuality quit mailing them.... |
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 How can i get rid of student loans? |
| I dont necessarily want to get rid of them but i went to school and ended up not finishing now i owe quite a bit in student loans, i cant afford to pay 3 or 400 a month to start paying them off and ... |
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 I have about $6K in credit card debt. I was thinkin of gettin a personal loan to pay off the cards, good idea? |
| I am a 25 yr old male with a good job. I am not having trouble paying for the two cards I own, however I am thinking that the rate on my personal loan would be significantly lower than my two credit ... |
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 How can i get a loan? |
| i am kinda in a bind here. i need at least $ 7,000. i dont have any colaterial. how can i get a loan? should i just go get a credit card? i have a good job and i belive in paying off all my depths so ... |
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 How does a credit card work? |
| Im 18 and thinking about getting a credit card. I do have a job and such. Is it a good idea? I was going to get a car for around $3000. Should I use a credit card? How does it work?... |
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 What will look better on your credit report...? |
Hello all,
Here's the situation:
Several credit cards are late and now in collections.
Creditors have been calling for months now.
Currently credit report has ... |
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| I'm turning 18 soon and I want/need a car, I have a job but I dont have enough money saved up for a car I want. Is it possible for me to take out an auto loan for like 10 g's? No one will ... |
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 My dead dads loan? |
| my dad took a loan out in 1992 it was passed on to the recovery department of natwest he payed it off at £250a month i dont have the money to pay it off as theyre is still £8241 left to pay but i ... |
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| I AM PLANNING ON BUYING A BRAND NEWCAR AND I WAS WONDERING IS THIS SCORE A GOOD ONE .... |
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 Can I use Visa debit card for online shopping? What is the difference from Visa credit card? |
| Can I use Visa debit card for online shopping as same as visa credit card??I am experiencing some difficultis on some online shopping site, and I am wondering the problem might from the card.... |
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 I have a question about using someone else creditcard?? |
I need to buy something online and i know you need a credit card.. soo I'm wondering if i can change the name it will be send too?
Cuzz i want to make sure my mom doesn't open it.. And ... |
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 How can I raise my credit score? |
| I'm 29 and have no outstanding debt other than student loans, which are in repayment and on time (always have been.) I've had a few accounts go to collections in the past, but never for ... |
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Dr. Rockso | What is the best way to fix my CREDIT SCORE? |
I think my credit score is funked up. I used to own a house and I missed a payment or two when I was laid off from my job. I sold it and I paid off all my credit cards. I recently applied for a credit card and was denied.
I need to fix my credit score. Any suggetions?
Additional Details
I dont have any bills because I PAID OFF ALL MY CREDIT CARDS. I cant even get credit to pay down the bills early. |
 |
 
t D
 |
Try this to improve your score:
First know that the bureau must verify any debt you dispute. If they can not verify it, it must be deleted. They have 30 days to do this.
With 7 years in the credit business, I recommend disputing them all at the same time, as you will likely need to go through several rounds of letters to get what you want done. If something is blatently wrong with your credit report, call the bureau after they write back and refuse to remove it. Go up the food chain until a manager agrees to remove or amend the incorrect info on the spot. Don't buy into their speach about re-disputing it - but make sure you have provided the information necessary by mail already to correct the error. It will not help you to insist on something being removed if you have not provided verificaiton on why.
When you mail in the dispute letter, mail in as much information as possible with it. If your verification is a bankruptcy, send in all the pages to your petition and tab the important pages for them to review.
Also mail in a copy of an electric bill and a copy of your ID to avoid any delays. See the FTC web's site for your specific rights with collectors and debt reporting:
http://www.ftc.gov/
If your problem is directly with the creditors, write to them ONE time. If they do not remove incorrect information, write to your state's attorney general's office and the FTC. This will get you the results you seek if you are in the right.
If this is a collection agency problem, write to the same people plus the ACA at www.acainternational.org. Collection agencies are generally slime, so know your rights before you call them. See your rights here:
http://www.ftc.gov/bcp/conline/edcams/credit/index.html
If you have legit items that are bad, dispute them also. If they can not be verified, they must be deleted. It is not your responsibility to prove they are inaccurate, it is the credit bureaus who must demonstrate they are.
Hope this helps! |
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peanut44
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It will take some time, but keep paying your bill on time whether it is mim. or more. It's something! |
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Dave W
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Make sure your credit reports are correct.
Specifically, check your bad debt entries (past due, in default, etc) and income to debt ratio. Make sure you contact reporting agencies where discrepancies exist.
Open a savings account. Use the amount to secure a loan. Don't spend the money. Make regular payments in accordance with the contract. Early payments are a plus. Keep doing this as your finances permit.
Your credit score can only rise.
A good payment record will let you get money even with a high debt ratio. |
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amandafofanda66
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Pay all your bills early, not on time, early. |
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frosted f
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first try and get paper work that has everything on it (you can ask a loan place for that it might cost around $5.00) then look at it and see if anything is wrong with it or what you can do to fix it it does take like 2 months for something to clear off you record if you paid it |
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Stephanie
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Secured Credit Cards work the fastest. |
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G-Sizzle
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How can you fix your scores if you don't know what's contained in your reports or for that matter ... what your score is. Which credit report did the creditor pull? Did you have any judgments, collections, negative information? You may think that you were denied for a credit card because of the issues you listed above. It may not be the case because approx. 90% of the US population has in-accuracies on their reports.
Pull all 3 reports (Equifax, Transunion, & Exp.). See what the inaccuracies (if any) are. If you have any outstanding balances, contact the creditor for a "pay for delete".
Credit repair is HUGE. There are so many things that can be done to validate a debt.
There are lots of websites out there that help people rebuild good credit.
Good Luck! |
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misz cami
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go to www.annualcreditreport.com. you are allowed one free credit report per year from each of the credit bureau agencies. the site also offers free sample letters you can use to request that items on your credit report be investigated for accuarcy. in several cases if you can demonstrate your earning income is minimal then you can work out a payment plan to slowly but surely pay back your debt. even if you can only manage $50 a month the credit agencies will report you are paying your debt (they may even settle with you for a fraction of the cost) and your score will improve b/c your back on track with your payments. |
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wayfaroutthere
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Just wait--it won't take long. You'll get an offer for a crappy credit card ($50 annual fee, bad interest rate, etc.) eventually--probably less than a year from now. Take it, and keep your payments on time and you'll have good credit in no time. I had a similar situation and it worked out a lot faster than I thought it would. |
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raw
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Start paying ur pending and upcoming bills promptly. |
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Kevin K
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You will need to pull your credit report and start challenging anything bad that's on there. While you're doing that, get a secured credit card - revolving credit is highly weighted in FICO scoring - and use it wisely. Don't apply for a real credit card until your score is in the 600s or so. However, if you have a secured credit card and use it wisely you will get there in no time. Look and see what's on your credit report first though. |
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jemmy
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The reality is, that you are likely in need of re-establishing your credit. The unfortunate part of this, is that it is a costly process, but it can be done. I would recommend that you start with whoever you bank with. Go into the branch and apply for a Secured Credit Card. Most banks will allow a card secured by your savings account, i.e if you have $500 in your savings, they will allow a $300 secured limit. After a period of time of you making timely payments, they will typically drop the "secured" and raise your limit. From a credit report stand point, it won't matter what type of card it is, because that info is not reported, but it will help raise your score. The other option is to apply for a Credit Card via a subprime credit card company that grantes to people with low credit scores. I would suggest either Capitol One, or HSBC (formaly HouseHold). Just be careful not to apply to more than 2 or 3 because the inquiries will start to hurt you if they get to be too numerous. Finally, your last option, although a pricey one, is to buy a car. Most dealerships offer financing for low credit scores, and it's a good way to start the rebuilding process. You should also get a copy of your credit report and make sure that you dispute anything that doesnt belong on there. but mostly you just need some re-establishing. Hope that helps some. Good Luck.
p.s. I've been a finance manager for 12 years, and have helped lots of folks rebuild. |
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Siobhan A
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The first thing you should do would be to get a copy of your credit report. You can go to https://www.annualcreditreport.com/cra/index.jsp to start this process. You can get a free copy of your report from all three of the top reporting agencies. Once you recieve them you can then see what is showing on your report as negative. Possibly open credit cards or collections and at that point start closing or paying off accounts. |
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butterfly_me
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sorry i don't know but thank for these 2 points |
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