 How do i get approved for credit? |
| Im trying to build up my credit history but ive tried about 5 credit card and non approved me. i even tried a credit card that says it will approve credit for people with "Fair Credit". im 1... |
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 Can you have more than one credit card? |
| as in..more than one kind of visa or mastercard..or any ... |
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 Bankruptcy vs. Paying it off? |
| My husband and I make about $32,000 a year, and not including my car, have about $10,000 worth of credit card and medical debt. All of these accounts are closed, charged off, and in the hands of ... |
|
 Is this a good way to build good credit? |
| I have absoulutely NO credit history so I went to american express and applied for the AMEX Green Rewards Card which is a charge card with no preset spending limit and I got accepted and the card is ... |
|
 How can i get a consolidation loan to pay off all debts when i have bad credit rating? |
| I HAVE TRIED MOST PLACES FOR A LOAN TO PAY OFF DEBTS AND MAKE MONTHLY OUTGOINGS LOWER.BUT BECAUSE I AM CURRENTLY A HOUSEWIFE,AND DO NOT WANT IT TO BE A JOINT APPLICATION NO ONE WILL EXCEPT ME.OH AND I... |
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 300 pound debt? |
| My friend don't want to pay to the phone company (about 300 pound) cause he is going leave UK soon and probebly never come back. The phone company keep calling and send him letters. Plus,they ... |
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 Can I be arrested for not paying my credit card debt?!?!? |
| I'm 21 + a single mom. I got a Chase credit card 2 years ago with a limit of $300. I used it up, but never went over my limit. I was enrolled in a payment protection plan with the card, I lost ... |
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 Is it BAD to pay my credit cards off in one lump sum?? |
I was told that it could be bad for your credit score to pay off your credit cards all at once - Is this true? If so, how BAD could it hurt my score & for how long?
I am about $15K in ... |
|
 How is American Express different from Visa or Mastercard? |
| I'm considering switching from Visa to American Express, because they are offering me a much better APR. I'm wondering if it's worth the switch. I'm slightly confused on the ... |
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 I gots a question to axe .. why come I losin my house? |
honey .. tell your momma I needs to move in wit her. Da bank comin to kicks me outta my house. I gots so many bills, who gonna pay my automobills ! I mean SHOEZ
I be goin to walmark to ... |
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 HELP ME PLEASE ? Its Urgent? |
| I have a credit card dispute with icici bank india .On the same hand i also have a saving account with icici bank. the bank has withdraw money from my account without taking any authorization from me ... |
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Jdub | Who can I talk to about credit repair? I have a 675 score but am being denied for credit.? |
I own 2 rentals and 1 house. Income is commision about $60,000. I also have about 6 small credit cards totalling about $6000. I want to transfer balances but have been denied. Should I cancel all the cards to elimate the amount of revolving credit? Also, are the rental houses hurting me? Should I get an LLC? Any insight would be appreciated. Thanks |
 |
 
Luis C
|
PIGGYBACKING: Despite its' virtually
unlimited potential, piggybacking is
not used by nearly as many consumers as
it should be. It's easy, effective,
and extremely fast. Unfortunately,
it's mostly used among parents and
siblings while those who can really
benefit stay in the dark.
How it works. Almost every credit
card or credit account will allow the
primary account holder to add on (at a
later date) what's known as an
"Authorized User" or "Secondary Account
Holder". In most cases, when this is
done, the entire account history
(retroactively) gets posted to the
authorized users credit report
regardless of their current age or
credit history!
For example. If it's a credit card
with a $10,000 limit which has been
paid as agreed for the last 10 years,
then that complete history will be
posted to the authorized users' credit
report. I once saw a clients' credit
report who used this technique with his
mother. He was only 24 at the time and
he had a $15,000 Gold credit card on
his report with history going back 11
years! I laughed as I thought to
myself that this kid would have had to
be approved when he was 13 years old
for this account to be his!
As you can see, this strategy is
usually only used by parents and their
children and in most cases with no
regard to the benefits the children are
reaping credit wise! In fact, in
recent years, due to its'
effectiveness, this technique has led
individuals with excellent credit
scores to "rent out" authorized user
accounts on one or even multiple credit
cards in return for a fee! I once
recall seeing an ad in USA TODAY for
just such an opportunity. Like most
good credit loopholes, I'm sure this
methods' days are numbered much like
what may be the case with... |
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DaMan
|
Get a LLC where you are the primary (sole) shareholder and transfer title of the rental properties to the LLC. Do NOT issue shares of the LLC to anyone BUT YOU.
You then create a board of your closest QUALIFIED friends/business associates.
The board can then decide to hire you as an independent contractor making say, $4,000 a month check (which can be deducted as business expenses from the corp).
You have to get the articles of incorporation for the LLC and get them notarized and blessed.
Transferring the property to the LLC may be hard to sell to the bank!! |
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BereaGirl
 |
You can get into credit counseling and you can consolidate your debt. |
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Brown-eyed girl
 |
Try paying off those credit cards with the income from the rentals. I was told that the more credit cards you have the worse it is. It's better to have one or two maximum and have small balances on them. I would not transfer balances because that usually creates more fees. I would consult with an accountant about the LLC. My dad has a few small businesses and has good credit, but I don't think that helped his credit score. |
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robert w
|
6000$ ? get a second job and pay them off tis year. cut back of wasted eaxpenses.
visit daveramsey.com to learn what bankers pray you never ever learn or apply.
an llc is good money for every one but you. |
|
renzbenton
|
Call a loan officer |
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Speedy
 |
There are some helpful sites out there with good reading, like www.shoplands.com/creditrepair. For starters, DON'T close any cards out until they are paid off and clear. Also make sure to keep the oldest of them if possible, it gives your credit report more "age". Credit scoring rates people with balances around 20-30 percent of their limit the best, from what I can gather. Good luck to you! |
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Rick O
 |
If you have equity in you homes or rentals then try for a equity loan. Don't cancel the cards--that will hurt your credit rating. Make sure you pay on time every month but pay more than the monthly minimum. Also, don't apply for two many cards at once as that too can hurt your rating. If you pay on time and more than the monthly minimum you will receive credit card offers. |
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tttt
|
I think you will find that most providers have different loans and you might even be able to get a consolidation loan.There are loan companies that will provide a loan if you meet their criteria its just a matter of finding one that suits your needs. |
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Success Infinites
 |
I know a great company that will help you repair your credit ,Just by filling a simple form and then someone will contact you to answer your questions and help you get started .
Go here : http://mshocair.bettercreditpro.com/
Good Luck . |
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