 How do people that finance homes make money? |
| When someone finances a home for someone.... how does the financer make money?... |
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| Someone deposited over 4500 into my bank account..right account # but wrong routing #?can I keep it ? |
| the funds were deposited last friday and a hold was put on them yesterday..but mysteriously, the hold was lifted today and it is again avialable for withdrawal..I planned on saying nothing, waiting 3 ... |
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 When the going gets tough....what will be your action plan? |
When you are facing mounting finacial burden of day to day life?
whom will you think can help you out?
friends,family,parents, or some B... |
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 Should i co-sign , or not? |
| my father is looking to refinance his home loan and has asked me to co sign with him, so as to help him get a better rate. Apparantly he is having a hard time getting a fixed rate without a cosigner..... |
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 I have huge credit card debt, is it best to file bakruptcy or continue to build up fees I can't pay.? |
| Credit card debt adds up to about $21,000 and the only thing I seem to be paying is late fees and interest. I do nt see any hope because I'm still in grad school and can't work a second ... |
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 NEED HELP. Overdrafted in Bank by $10.00 and I was charged $150.00 in fees? |
| I have direct deposit at work, for some strange reason, the check, which usually hits 6 AM on Friday morning, hit my account at 6AM Saturday morning. The previous day I put $10 on my debit card at ... |
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 I am looking for someone to loan me 36000.00,and let me pay them back within 5yrs. I have good credit,to much? |
| I do not own my home but am making the mortgage payment to bank in my sons name.I am paying off a judgement so no one will loan me this amount to consolidate my ... |
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 Making money? |
Hi,
i am 15 years old (male) and i want to make money, i need to make around £180 so does anyone have any ideas apart from getting a job, im already lkin, chz.... |
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 What can I do My bank let me overdraw 8700? |
| I only had 600 in my checking account and was using my card for christmas shopping. I was spending and spending and i ened up spending 8700. I know i went crazy when i realized i had no limit. my ... |
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 If you dont get a chance to get your vacation, are you still owed the vacation pay??? |
i was unable to take my vacation this past year.
Additional Details
i live in central ... |
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 How can I earn money over the summer please I only have a month left(:? |
| please help!!!!(: im trying to earn money and so far I have )$0.00 and my goal is to $100.00 or at least $50.00 if you have any ideas please list them. an easy way to get 10 points(: please help me!! ... |
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HMH | I currently have 8 open credit card accounts most with a 0.00 balance. Should I close them? |
I was told closing them would hurt my credit score but I also heard that too many open accounts counts against my credit score. I am confused. What should I do? Open or close? |
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17_peppers
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You should not close all of them... part of your credit score is based on your credit to debt ratio. So, you would need open credit to help this. |
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FozzieBear
 |
You definitely should not have eight credit cards. Even though they have a zero balance, the loan officer will have to take into account that you COULD run up these credit cards, and it will count against you.
If they all have low limits, it's probably not a problem, but if they each have the potential for thousands of dollars of charges, get rid of all but three.
. |
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Greg O
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you should really only have 2-3 credit cards.....8 is a bit much
close some of them, but make sure that you close the ones with the lower limits
credit bureaus and lenders like seeing high lines of credit with low balances.....shows you're responsible with credit |
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HonestBizPro
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I have seen 700 plus scores with near perfect credit have a little note about overextended credit so it may help to close some that you are not using. Or all if you have a mortgage or something substantial....you definitely want to be making some type of monthly payments somewhere. |
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hello
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You should leave open 2 or 3, whichever have been open the longest. The longer the credit has been open, the higher your score, and the lower the balance owing, the better. If the account has a balance, then just leave it open, at least until its paid off. |
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ed
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If you needed financing at some time, your credit will be based on the "amount of credit" available to you.
8 cards are too much. |
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juli o
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yes...not more than 2 |
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Frank Castle
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No.
You cannot have too many open accounts.
The more credit cards you have the higher your credit score will go.
I suggest you to apply for more credit cards.
People always says too many credit cards hurt your credt because they are using their credit cads.
There is a thing called Debt Ratio.
If you have a Credit Card for $1,000.00 and you have a $500 debt then you have a 50% Debt Ratio.
Companies want people with 50% Debt Ratio or less.
If you have 2 Credit Cards for $2,000.00 each ad you have $500.00 debt on each one of them you have a 25% Debt Ratio.
You could have 100 Credit Cards for $10,000.00 each and if you only have a $10,000.00 debt in one of them then you have a 1% Debt Ratio.
That would give you an excellent credit score.
Remember, always keep your Debt Ratio below 50% |
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wizjp
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No one needs 8 credit cards. For practical and security reasons, I'd close 1/2 of them today and probably 2 more next month after I tried it. |
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ALFimzadi
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Are you wanting to take out a mortgage or something that this could be a factor of? Yes, closing them could hurt your credit, and yes, having more than a couple also hurts your credit, but it also depends on several other factors. What are your available credit limits? If these are high credit limits, then you may want to close a few of them, or request that the credit limit be lowered. This is key if you are looking at buying a house, because it is your debt potential that would hurt you. Also your payment history is key. If all of the accounts have a satisfactory payment history when they've had a balance, then it is up to the individual or financial institutions standards whether or not they are going to give you a loan. But ultimately, it depends on what you are worried about. If you are doing it for a loan, talk to the banker at the institution you are going through, and they will tell you what their standards are and what they recommend doing. |
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loganj1203
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Keep only a couple open - 8 is spreading yourself too thin and could get tricky. Having a 0 balance is great, but if you want to look better with your credit score, USE them once and a while. Don't rack up a bunch of debt of course, but it looks better if it look like you can afford to use them then pay that off in one or two payments, as opposed to never using them. Also, if you don't make any purchases for a certain length of time and owe nothing, the companies will consider it a dead account and close it. |
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