 Do credit cards without balances affect your credit report? |
| Is it true that your credit is affected not only by the credit cards with balances but also those without balances??... |
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 How likely is it the person will be caught using my credit card? |
| It's been almost 2 months since my card got stolen at a party. I actually don't remember if it was debit or credit. The person made a purchase of about 100 dollars at Target. I forgive the ... |
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 I'm 18 and work but have no credit yet. How DO I establish credit? ? |
| It seems as if the credit card companies want you to have credit to obtain a credit card...but I'm just starting out and have no credit yet. Now what?... |
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 What are a few key ways to bring up my credit score.? |
| I've let some things go in the past and I'd like to buy a house in about nine months. What can I do in those nine months to boost my score, if only by a bit? I do not want to go to drastic ... |
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 What caused the Credit Crunch? |
| As i said above what caused it?... |
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 How can I build credit? |
| I've never borrowed money or used a credit card b/c I always believed you shouldn't buy things you can't pay for. I never bought anything til I had enough money saved to pay in full. ... |
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 My credit card payment is due on Sunday...how am I expected to pay when the bank is closed? |
| OK, that's not my REAL question, but, I was going to pay today, but they said if it's after 2 PM, it won't be processed until the next business day, which is Monday. Is the bank going ... |
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 Can someone help I dont have a credit score? |
| hi, i went to buy a car today at ANYTHING ON WHEELS the car was ok, but when i went inside to do the paper work they check my credit nothing came up so i didn't get the car, someone told me to ... |
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 I cosigned on an auto loan for a year the person I sign for does not want to refinance. What can I do legally? |
| They have ruined my credit because they are late with payments. I made the mistake to co sign now how can I fix it. They are in-laws; my husbands son. How can I have the finance co. take me off ... |
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| Paypal question? (seller not sending items)Help Please!? |
| Here reciently i baught 147$ worth of movies off a seller on ioffer.com threw paypal. As soon as i paid they seller closed down his ioffer account and stoped contacting me its been over 9 days now ... |
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 Does anyone know of a lender for a bad credit personal loan? |
| Have bad credit but need to get a long term personal loan.... |
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 How do I get out of debt? |
| I have horrible credit and i just need a way to get organized and get out of debt now! i'm 20 yrs old married and yet we STILL live with my mother!!! HELP!!... |
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 I have 10 credit cards open, is it better to have open credit card accounts with no balance or to close them? |
| My credit score is a 690 and I want it higher. If I close some of my credit card accounts will it go up or does it show negatively when you close accounts?... |
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| About to turn 18 and I want to establish credit. What's the best deal on credit cards? |
| I've already been getting credit card offers in the mail and I have no clue which is the better deal. I don't understand anything really about interest and APR or anything... Can anyone ... |
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Dave R | Which is worse,a bad credit history, or a bancruptcy with perfect credit since? |
Which produces a better credit score more quickly, a history of bad credit, with everything being paid on time in the last year, or filing bancruptcy to eliminate past bad entries, and then re-establishing yout credit. |
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sjcmidnight1
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It is definitely better to file bankruptcy and have perfect credit afterward. If you are interested in buying a house you can get financed one day out of bankruptcy if you are working with a loan officer that knows what they are doing.
There are certain credit cards that specialize in extending credit to those who are just out of bankruptcy. You will have a higher interest rate but with the home after a year or two of on time payments you can refinance and get a lower rate |
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laitcaramel_rum
 |
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Studly
 |
You can't fix bad credit by filing bankruptcy. It's like fixing a headache with a bullet through the head.
First, you better take a look at the new bankruptcy law. I'm going to beg you have income, so that's going to prevent you from filing chapter 7.
Your choices are to either put yourself on a very strict budget so you can pay off your debts, or let the Bankruptcy Trustee FORCE you into a budget plan that takes all of your disposable income and pays off your creditors.
Read the link below before you make any more decisions. |
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♫♪bludaisy♪♫
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ANd if you file bankrupcy, you'll start getting a tonage of free credit cards, RIP 'EM UP! |
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?
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From a mortgage standpoint bad credit is much worse. Like has been said, you can get a mortgage one day out of bankrupcy with crappy rates. You can get the same rates as anyone else after 2 years. However, you should check your BK laws. Also, if credit repair isn't done correctly and bad items remain on credit it could take much longer than if you just tried to repair your credit in the first place. |
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?
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If you can avoid the BK do so and continue to pay your bills on time. You currently have 12 months of on time payments; Many lenders will now look at you as a good risk. If you were to file BK at this time you will have many years to deal with the reason that you filled and it will be hard to obtain new credit.
If you reach 24 months of on time payments that is the gold ticket for most lenders. Lenders like to see 24 months of on time payments, with a minimum of $2400 (available credit or a loan of that amount) or higher, and thay like to see at least 3 accounts (more is better. |
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Christy
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If you choose to file Bankruptcy - It will stay on your credit for 7 or more years. A lot of loan companys wont finance you if you have had a bankruptcy in the past 7 years - and if they do, you will most likely have a very high interest rate. BUT, then again, you will have a very high interest rate with bad credit, and hardly NO companies will want to finance you. Honestly there is no way to say which is better, because it depends on what the finance company itself prefers. |
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?
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Bad credit can be turned around in 3 years. Bankruptcy takes 7. Plus it's a lot harder to file for bankruptcy these days. Just make good payments and don't max out your card or keep high balances for a couple more years and you should be on a good path. |
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sharky_3_2000
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I know 3 people who have filed bankruptcy and they came out clean as a whistle. All 3 of them have bigger houses and drive nicer cars than I do and I've never had a major credit issue. So, in my opinion, I don't think bankruptcy is as big of a stigma as it used to be. |
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Wizgal
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Bankruptcy wil stay on record for 7 yrs. Its worst than credit history...coz its longer. Secondly Bankruptcy makes it almost impossible to get a decent loan in teh future...ie u may just be lucky to get one...but the rate of intrest will kill you, u wil have to file for bankruptcy and that means $$$ for the lawyer and its not cheap. I understand that you want to set your credit right- here is a suggestion: consloidate your debts, approach a debt management agency(non profitable) and ask them to help u. If not, then appproach the credit co directly and ask them to lower your payments or work out a payment plan. If that doesnt work then- dont ever take out a second mortgage...thats a killer.Fianal step is bankruptcy but u dont want to do that...not only bad for your crdit, employement, but also for you are escaping your respondsibility. you have any more ques then email me. |
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cln315north
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In the long run, bankruptcy is worse. It stays on your file for 10 years where if you pay off a collection, is only stays on for 7. |
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