 What is a perfect credit score? |
| And where can I get a free credit report ran? I think last time I got my score, it was an 827. Is it out of 1000?... |
|
 I'm on benefits, how does bankruptcy work for me ? |
| i want to go bankrupt but dont really understand it, could somebody help me ... |
|
 Do any credit cards prevent you from paying off your debt in full in one month's payment? |
(a kind of early repayment penalty as with mortgages)
ie. Most have a 'minimum payment', has anyone heard of one which imposes a maximum payment?... |
|
 What is best credit card for college students with no credit history? |
| i'm planning to apply for a credit card but i have been declined from one (american express blue for students) and i'm not sure which one is best for me since i believe some of them require ... |
|
 I bought things online before i was 18, am i obligated to pay? |
hello,
i purchased a bunch of items online through abcdistributing and ltdcommodities when i was 16 or 17, a couple hundred worth, buy now pay later sort of thing, they won't stop calling ... |
|
 Where in the UK do people find loan sharks? |
| I mean really sharky sharks, the dodgy type?... |
|
 Why do i need a social security card? |
| i got a job offer at my school today but she wants me to bring in my social security card . i have a social security number. i went to the social security office did the paper work but have to wait ... |
|
 I made an offer on a condo, and my father is co-signing for me because I have very bad credit.? |
Is this possible? Will this work? Or will some of my debt have to be paid off? Anyone know? $15,000 is what he's putting down for me also.
The offer has been accepted by the seller, ... |
|
 Can anyone recomend where to get a loan? |
| My partner andi both work but have a poor credit history does any one know of a reliable place that will help ... |
|
 How can I lower the Finance Charges on my credit card? |
| Visa is charging me 21.49 % for purchases + 24.49% for cash which adds up to finance charge $149.00 a month. How can I reduce my monthly finance charge?... |
|
 Does this make you credit score drop? |
| I got an auto loan. My score dropped by 12 points. I am current on all of my payments and carry a low balance on my credit card. Did my score drop because of the loan?... |
|
 I have bad credit and I have a credit card that filed papers with my local court to sew me. I am very worried? |
| I need to come up with $3,000 and I don't have good credit. What can I do? What could happen to me? I don't have a job right now so Im very worried. Is there somewhere I can go to apply for ... |
|
|  |
punkrockerfanguy | Wondering if my credit score is good enough for a motorcycle loan.? |
After just checking my credit score according to equifax it is
680
I was wondering if that score was high enough to get a semi decent loan on a motorcycle. Oh and I'm 19
Additional Details
Well I took out around 14000 for school loans. Erm my mom did and I co signed it but I've been paying it back and I have nearly 4k paid back. I've been at my job for over three years now(but i took 7 months off for school) Also I've had no lines of credit. So my only debt is my school loans. |
 |
 
Judy1
|
Probably - it's a little below average, but not bad. You can probably get a loan if your income and obligations are such that the lender will feel that you can pay back the loan - they look at more than just credit score. |
|
Wassime
|
Your credit score is actually a little above average (avg is 675). However, creditors like to see how you treat tradelines that you have. If you do not have any, it does not show them how you repay your debt (responsibility). Equifax is not the best one to check as most lenders use TransUnion, plus they are the most reliable. I have had customers check Equifax and have credit scores of 720 and when I pull it from TransUnion, it has only been 640 or so...try getting a small loan from your local bank and pay it off early (making at least double payments). This will also help you build a relationship with your bank and they may be more willing to take a risk on you. Just be careful with how much you pull your credit and don't worry too much!
***Rebuke for Mary B - My wife and I share this account. I am a Police Science/Criminal Justice Major. SHE is a Loan Officer for Citi. Not just is she experienced, she is the top producer in her Region, with the plaques and rewards to show for her excellent work and judgement, not to mention commendations for customer satisfaction. DON'T get it twisted!*** |
|
D
|
The score itself should be fine but they'll look at debt to income ratios, job time, and established trade lines as well. good luck... Be safe... |
|
BILL
|
The average credit score in the U.S. is 670 and although that is low you probably will get the loan but with higher interest rates. They will also consider what you make compared to how much debt you currently have as well as a few other things. Also they will probably ask for a down payment ( 20% or so )
Good Luck with your purchase and please wear a helmet. |
|
Expert Realtor
|
Unfortunately, Wassime is extremely incorrect, probably because on one of their other answers in another forum he/she claimed to be a Political Science/Criminal Justice Major.
680 is actually a pretty good score and you should be able to easily qualify for about 90% of the premium loan programs out there at excellent rates.
The average credit score that you see in the papers, factors in everyone...especially the elderly that has extremely high credit scores and no longer use credit much..so it is "skewed" higher than what most lenders actually see in practice.
Equifax is actually the most commonly used credit report of the 3, when lenders use only one report...which most of them don't use only one...most lenders use a tri-merge report to make lending decisions and they usually take the mid-score.
However if you have $14,000 in student loans, do you also have a car? If your car is paid off...will it last until you pay off your motorcycle? It's something to keep in mind.
I think you are actually on the verge of over-extending yourself...so be careful...it only takes a few months to destroy your credit and years to correct it.
Keep in mind, that you can NEVER bankrupt a student loan. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 27 minutes(s) ago
| | | |
10 | 33 minutes(s) ago
| | | |
5 | 56 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 6 day(s) ago
| | | |
10 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
