 What happens if you don't pay your credit card bills? |
| what can a card company do to you.I want everyone to know that I am not trying to get out of paying my bills but my house payment is more important and my work has went down and I have 3 ... |
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 Will paying off my car loan 2 years early really help my credit? |
| My credit is Poor and I am going to payoff my car loan 2 years early will this finally help me with my credit issues? how much will this affect my credit score?... |
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 Am I better off closing old credit card accounts? |
| I go for credit cards that give deals (0% balance transfer, points or cash back etc). When the deal ends I stop using the card. Should I close them or leave them? If I close them should I close them ... |
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 If i paid off a debt and received a receipt marked paid in full can they then ask for more money? |
| paid off past due oil bill in full they are now trying to tell me that i owe them for a sheriffs fee, that incurred on the day i paid the balance off on the ... |
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 Can you go to jail for not paying your credit cards? |
| i have 7 credit cards all maxed out.i have no job no property and no car. wat can happen to me. can i go to jail?... |
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 What checks are used on a basic savings account ? |
| Hi everyone, i have recently been turned down by natwest and barclays for a basic bank account , i am not bankrupt but do have bad credit history. i have been given a cheque and need to cash it, i ... |
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 What does it mean if a credit card is declined? |
| i have my dad credit card, i dont know if I have done anything wrong to decline it i am sacred to tell him.... |
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 How can people protect themselves from banks and companies ruining their credit? |
| there must be laws against banks and companies taking people's money through high interest rates, overdraft fees, and other bank fees. Companies are designed to rip people off and the public ... |
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 Has anyone gotten there stimulus paper check earlier than the date that is posted on Wheres My Stimulus Paymen |
| I got my second notice and it says I should expect my rebate by the 16th, but online it says it will be mailed on the 16th.... |
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 How does it affect your credit report? |
| i have a credit card which is 31% interest(i didn't really pay attention when i got the card) i have a balance but want to close the account so as the balance goes down the temptation of ... |
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 I can not afford to payback the loan. What about my wife? |
| I have got monthly loan repayments and mobile phone bills that i can not afford to pay back each month. The loan is on my name and account. My wife and me have separate financial accounts.The house ... |
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 Can a 15 year old debt be put on your credit report legally if it has already been on it once before? |
| This debt has already been on my credit report once and was dropped 8 years ago. Now they have sent it to a collection agency who has had it put back on my credit ... |
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| Will she go to jail? |
| my friend mandy found a check that was signed and filled out for around 1000 dollars but not made out to anyone so she put her name on it and cashed it she got a call from a detective investigaging ... |
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| Where can i find a loan with not so good credit? |
Additional Details
i am trying to get a home equity line of ... |
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 Im being hounded by bill collectors! Please help!? |
And the best part is, i dont owe them a dime.
They arent trying to collect money from me. They are trying to collect money from a deadbeat relative of mine. Somehow they got my name and number ... |
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SadToday22 | Why don't I have perfect credit? |
I've never EVER been late on a payment, I've had and paid off several trade lines (and early too), so why is my credit score not an 800 or above? I just don't get it!
Additional Details
PS - I HAVE checked my credit report and there is not anything negative on it... |
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echo
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There are many factors that may be keeping you from the 800 club.
Credit history not long enough.
Utilization to high.
Not having a rounded out profile of accounts - major credit cards, store cards, loans etc.
Amount of inquirys within the last 6 to 12 months.
Recently opened accounts
Any negatives listed.
Those are a few examples of what can lower a score.
edited to add: never ask for a credit limit decrease. That will seriously ding your scores.
Your debt to income would depend on what you have outstanding, mortgage pmts, car loan pmts etc compared to your income.
Having a $100,000 limit with only a $1,000 balance (like the first poster mentioned) is a good thing, not a bad thing, since it helps your total utilization across the board. |
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sarah a
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ok long as you are over 720 you have A credit.. 800 only 5% have anything over that score |
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PaymentKey.com
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The August 2006 issue of Consumer Reports wrote a super enlightening article on the subject. Some things I was not aware of: It stated that your overall available credit may be too high. Lower the credit limits on your credit cards, but not lower than $3000.
It stated that not having one or two (not more, not less) credit cards will lower your insurance premiums with some auto insurance companies. They may very well use a different scoring method that others who pull your credit. Remember that the credit reporting agencies do not provide the score--the companies who view your report do.
Therefore it's very important that your one or two card are the best ones for you. I did some research on the web to see if there were any unbiased ratings, comparisons or reviews. I did find one here: http://lendersrated.com/creditcards.htm....
I hope this helps you.
Leafgreen |
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Charisma
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If you have been paying your bills on time and paying off anything damaging on your credit, then i would have to say its probably because any time you have your credit run it takes a point off your score. When companies check your credit they also look at how many times your credit has been run and for what reasons. Like for instance, if you attempted to get a loan from the bank and you allowed them to run you credit, just to be told your credit wasn't good enough for the loan. Then turn around and try to buy a car, when the car company sees that a bank refused you money, they will more than likely not approve you either. So be very careful about running your credit. alot of turn downs and alot of past credit checks is a bad reflection to your credit. As well as alot of people checking it. |
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bella_4624_19
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800 is this magical number that some people get and some people don't. You need a really long excellent, established history to get close. |
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LA_kinda_guy
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Anything over 730 is vanity, anyway. I can't think of anywhere where you pay less interest because your credit score is 780 instead of 760.
The criteria for credit scoring is proprietary. You even get small minuses if you apply for a loan and someone checks your credit. There's all kinds of weird and unknown criteria. But if you are over 730, you are likely to get the best rates when it comes to loans. |
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Barkley Hound
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It takes years of a good track record. |
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Answer_Man
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I don't know if this is the case with you, but continually rolling your credit card debt to newer cards will hurt your credit score. This happens because you are closing an account with an established payment history and incurring a new debt with no payment history. The bureau's credit scoring model will deem theses accounts " too new to rate".
If you are maxed out on your credit lines, just pay your debt down a little. Keep it at about 50% or less of the overall amount of credit you were granted. If you still need help, there is plenty of credit score info available at www.myfico.com |
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Dom .
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you may have had bad marks in the past and even though they dont show up it takes time to raise the credit score. |
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dantrumble1974
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If you've checked ALL THREE credit scores and there is nothing on all three reporting agencies then I would say it's your "debt to income ratio" or your "amount of available credit". If you have to much open credit it goes against you too (meaning if you have $100k open on your credit cards but only $1k charged... it would affect your score.
Slainte,
-D |
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