 Do I need a credit card? |
| I just graduated from a graduate program. I have never had an actual credit card, just a bank account with a credit/debit card. My BF told me I needed to get a credit card to establish my credit to ... |
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 Obama now wants to go after "predatory credit card" companies? |
| because they are the ones responsible for putting Americans into debt. In my opinion, Americans' lack of personal responsibility is what is getting them into debt. Keeping up with the Jones... |
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| There is a debt consolidation company that has a commercial which claims that the average American has 8 credit cards in their wallet. I find this totally ridiculous, and hard to believe. Do you ... |
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 How should i deal with my debt? |
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| Should I settle my debt of pay it in full? |
| I am 10 k in debt and haven't paid on any of it for over a year. I know that if i make a settlement that it will show on my credit just as that and not paid in full. I think i can cut the amount ... |
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 What does "Principle" mean when dealing with loans? |
It's hard to find the definition. I have looked it up before posting here, but can't find it.
Thanks in advance.
(I do vote best btw)... |
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 When a credit card had "check ID" on the back, what do I need to look for on the license? |
| I know that the face need to match the person, and the name on the credit card needs to match the name on the ID. Is that it? Or do I need to check anything else?... |
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 Hey can anyone tell me where i can get a loan for 3000 dollars please help? |
| hey im unemployed have good reefences but bad credit rating im after a loan of 3000 dollars does anyone know where there a website that will loan me the ... |
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 â–º Whats the best way to build my credit? Right now I have NO credit at all? |
Im 21 and have NO credit.
Im also a college student and have no job (hence no money, lol). I graduate next year (May) and will need an apt and car, but right now I dont have any credit. What ... |
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Okay so I got served papers for an outstanding credit card debit.
The balance is now $6,000, but the credit limit qas $2,000. I had called the company several times to try and set up a ... |
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 Capital one card? |
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 Is it better to pay off current non-delinquent debt or my spouse's past credit delinquency? |
| We are trying to clean up our credit scores and are about to come into some money. We know we need to pay off some debt, but are unsure whether to pay off old delinquency's or if it is better ... |
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i am really distressed at the moment as i need to borrow money urgently.
please help me, my car is on my name and so are bank statements,
thank ... |
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Rosie V | Will my bad credit affect my hubby's good credit when he tries to refinance his mortage? |
I have bad credit, My hubby has great credit. He is looking to refinance a home he purchased before he got married to me and wants us to apply for a refinance loan together, I'm scared that this will affect his chances of getting a good rate. Also, he purchased a car and since we married I have been responsible for paying the payment. It's been a whole year and the payment has always been on time, but again the loan is only under his name. Is it possible to add my name to the loan with out affecting or changeing the interest rate in order to build my credit? I have paid for everything on my credit report except for 4 accounts. This includes 1 hospital bill, 1 phone , 1 power and 1 rent month. total equals about 1,600 dollars. is there hope? any ideas or links? |
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KrzyMom2
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Just do it in his name - You can be on the title, but do the mortgage in only his name |
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gymrat0187
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If you are married and apply for a loan together then both credit scores are looked at, the best bet would be for your husband to us a loan officer he has used before that knows how well he pays his bills and your husband explain to him that you are on the account to help improve your score. Also if you husband list you as a second card holder on some of his credit cards with a great history your score will improve almost immedieatly. |
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Judy1
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If your name is on the application, then your credit will be looked at in addition to his.
If it's just $1600 showing negative on your credit, you'd be wise to pay the items off. They'll still show for awhile, but your credit rating should improve. |
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wizjp
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If your name goes on the loan and you have negative credit, it "pulls down" the credit score. No way around it on a joint loan. |
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Some dude
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Unfortunately, you're hubby is hosed. If he wants to finance together your bad credit will drag him down. And he cannot add you tot he car loan without factoring in your credit and it dragging his rate down too.
Your best bet, since I'm assuming you poole all your financial obligations together as a household, is for you to start by getting some smaller financing in your name alone that you know as a household you will meet every time. A credit card that you use regularly, and pay nearly completely off monthly (a common mistake in building credit is to pay it all off monthly, but unfortunately you have to carry a balance for you to build credit) is a good place to start. This way you can improve your credit without having a larger bill be affected by your high interest rates.
With active positive credit transactions it doesn't take as long as you might think to turn a horrible rating into an "okay" one (assuming bankruptcy isn't involved, just late payments, & it does take a long long time to turn it into a great one, but...). Once your rating is okay to average and not horrible, any joint credit you get will be significantly less effected by your "okay" rating, than a really poor one. Then you can go for larger loans together and build solid credit as a couple without really dragging down his high rating. |
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catzrme
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Your bad credit WILL affect your refinancing or any financing if you put your name on it. Just been there, just done that. I co-signed a loan for my son (he didn't pay) and now my credit is in the proverbial toilet, so to speak. So, I cannot finance anything on my own or with my name attached until sonny boy gets off his butt and pays the loan. Luckily, we live in a small community where the banker knows us and our situation and looked at the credit report THEN looked at the history before and gave us a loan for our new home.
You need to take care of outstanding debt and then it can take up to three years for creditors to even look at you.
Good luck! |
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JuneB
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One of the fastest ways to get cash with bad credit, and little hassle, would be with a payday loan. Yes they have terrible interest rates but they are taking a risk. This site offers more details about the payday loans as well as various sites offering the loans, many without even a credit check. Do your homework. Best starting point is here:
http://tinyurl.com/23zhb7
Good luck. |
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Mrs. Pierzynski
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Only if your name is on the new mortgage. |
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Ari
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The credit score that "counts" is the primary wage earner's. If your husband is the primary wage earner, than his middle credit score is the one that will be used to determine the rate. However, some banks do have underwriting rules that stipulate if a co-borrower has a credit score lower than "X" than it automatically drops the loan into a higher interest rate bracket, or you may not be able to go on the loan at all.
You can always apply together, and if you find that the rate is better without you on the loan, ask to remain off the loan and be placed on the title with him instead. They shouldn't have an issue with redoing the mortgage application.
As far as the car loan goes--the two of you would need to go to the bank and see if its possible for your name to be put on the loan. They may or they may not depending on their bank's policy. |
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MensaMan
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If you are on the loan it will affect the rating. Those guys will do anything to get more money out of you. |
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kimberly b
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Um from what i know it shouldn't do too much if his name is first and your just the second person kwim? I think whoever is at the head of the loan is the most important your just like the co-signer i think? |
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