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Credit Repair !!! 2007-10-22 16:27:00 5 Tips for Fast Credit Repair
!!!Every One dreams of owning their own home, raising their families and having the best credit ever. But in reality this is not the way that it happens. You may have started with good intentions but life happens and you get behind. When you get behind it is like a domino effect as everything becomes past due and delinquent. You slowly crawl back out of it but you are left with scars on your credit record. If you need a fast credit repair there may be a way that you can do this quickly so you can start applying for things you need. There are 5 tips for fast credit repair.Fast Credit Repair
Tip #1: Don't buy anything on the spur of the moment. Look at something you like and set it back on the shelf. If you still want it after 48 hours than see what it will take to get that item. Sometimes the worst thing you can do is buying on impulse. This allows you to financially pressure yourself for something that you may or may not want or need in the near future.Fa
Request Debt Validation From The Creditor !!! 2007-10-29 16:29:00 Can I Request Debt Validation
From The Creditor ?!!!I would like to send a debt validation letter to the creditor or there attorneys but can this be done. The creditor is the one taking me to court thru an attorney.The Answer : I`m glad you asked this question. And I have the perfect sample letter you can use. And it is your legal right under the Fair Debt Collections Practices Act and the Fair Credit Reporting Act : http://www.creditinfocenter.com/forms/sa...http://www.creditinfocenter.com/forms/sa...Also : You sure can. Please google the phrase "debt validation letter."There are lots of free letters on line. Once you get the letter customize it to fit the debt in question and send it to the company.Really the best way is to send it and require signature as proof of receipt. The company will send you a response with in an allotted time, I think they have 30 days.I am told by our credit rehab dept it is better to go this route then show a dispute on your credit report and still owe the
Using A Personal Loan To Rebuild Credit !!! 2007-10-29 09:44:00 Bad Credit Personal
Loans $ Using A Personal Loan To Rebuild Credit !!!If you have bad credit title in your credit report, then it doesn't mean you cannot get a personal loan. There are bad credit personal loans available for people with poor credit rating. If you have poor credit rating -- because you made late payments, missed payments, exceeded credit card limits, or filed for bankruptcy -- these loans not only solve your money problems, but also give an opportunity to improve your credit score.Personal loans for bad credit are available in secured and unsecured loans. Since lenders bear higher risks these loans require a higher rate of interest and a higher down payment than the normal loans. The interest rate on the personal loan for poor credit depends mainly on your credit score, the collateral security offered, loan amount and personal income.Secured personal loans are for the homeowners. Secured loans are the right choice if you need extra money, but you do not qualify for a
Your Credit Cards Are Paid Off On Your Credit Report !!! 2007-10-29 04:40:00 How Long Does It Take to Show That You Paid Off All Your Credit Cards
On Your Credit Report ?!!!Also , how long will it take for my credit score to go up?The Answer : Depending on the credit card company and when they report, it could collectively take 45-60 days for your accounts to show paid off. How much your score will rise will depend on how much the balances were versus the availalble credit, and if you have any other outstanding debt, and the current status of all your accounts.
How Many Points Credit Score will Go Up !!! 2007-10-28 20:58:00 How Many Points
will The Score
Go Up ?!!!My hubsand had a medical bill that was in collections. We disputed it and we got it deleted because it was the hospitals mistake. Okay we just found out last night it got deleted. WIill this help my hubsands score go up and if so how many points?We filed a dispute online with all 3 credit reporting agencies then contacted the hospital and they said there was a mistake. We got a email last night from Equifax saying that the results were in and the investagation was over with. We went and looked at it and it said that the credit account had been deleted and we looked up his credit reports and it was gone.The Answer : The score will go up, but how much it will go up, remains to be seen. Keep in mind that it takes credit (positive accounts) to build credit. Depending on the state of the other accounts that your husband has, there's really no way to tell how much the score will raise.
Secured vs UnSecured Credit Card ?!!! 2007-10-28 11:52:00 Secured vs UnSecured Credit Card ?!!!I am aware that a secured credit card will help me boost my credit score as long as a I pay on time, but if I can get qualified for an unsecured credit card, should i get one? Basically my question is, will one raise my score faster or higher than the other? Do lenders look down upon "secured" credit cards?The Answer : Here is the real answer. Both cards build up your credit. The credit bureaus and lenders don't look down on secured cards because they have no way of even knowing whether it's secured or not. That's between you and the credit card company.You should keep in mind that when you apply for credit whether it's secured or unsecured, it creates a "hard inquiry" that can lower your score several points whether you're approved or not. So if you apply for a regular card and get declined, you lose those points, whereas if you apply for a secured card, you still lose points but you have a much better chance of getting approved. And to you qu
Negotiate with Credit Agencies , Fix Your Credit !!! 2007-10-28 06:55:00 How Do I Negotiate
with Credit Agencies on My Own ? How Can I Fix My Credit ?!!!The Answer : Below are links that you can follow on how to negotiate with collectors.http://www.creditinfocenter.com/debt/set...http://www.creditinfocenter.com/debt/neg...http://www.creditinfocenter.com/debt/Can...http://www.creditinfocenter.com/debt/Act...
Building Credit !!! 2007-10-28 03:41:00 Help Building
Credit ?!!!First of all I will admit that I did mess up when I was younger with credit cards. Now that I'm older, and married, and trying to get a house I realize that I should have been smater about the situation.That being said, my husband and I were looking into getting a house and found that my credit is LESS than spectacular. In the mean time, I have decided to try and improve my credit. My problem though has been that I have applied for a few credit cards and all have told me the same thing...Sorry we can not give you credit based on delenquinces from past creditors.I have paid off all of my past accounts that had went to collection, and am currently working on paying off one other card (this one has NOT gone to collections). My question is how or where can I get a credit card that will help my credit score without being denied?The Answer : Got a question for you...On that card that hasn't gone to collection, is it still open? If it is, that in itself is your tick
Improve Poor Credit Score !!! 2007-10-27 23:48:00 Iproving A Poor Credit Score
?!!!I don't know my actual score, but I did the estimator and I'm guessing it is in the mid 500's.I went to college last year and got in way over my head. I was young.. still am, but I realized how important money and credit is. I opened four credit cards last year: two store and two regular. All of them have a balance. I lived off of them all year: not smart. I know!!! Now, how long do you perceive it will take me to get my credit straightened out. I am on a payment plan and will have all of them paid off by January. Once they are all paid, i know my credit will not boost immediately, but how long should it take. I am moving into an apartment in January and want to make sure i won't need a co-signer. I am still in college and I do have college loans out. I just want a 650 for starters....! HELP!My total cost of credit debt is: capital one: 400 (but limit is 300)Macys: 200(limit 500)Ny and Co: 400 (limit 200.. ughhh.. missed may and july payment)Chase: Read more:Improve
, Credit Score
Let The Credit Bureau Know You Have Paid A Collection Off !!! 2007-10-27 20:46:00 How Do I Let The Credit Bureau Know I Have Paid A Collection Off ?!!!I recently bought a house. To get the house i had to pay off a collection. After i did so i checked my credit only to find another agency was trying to collect. (National Credit Adjusters) I disputed the charge with experian but they said it was a legitimate collection. However i have a letter with my account number saying i paid it off. How do i proceed?The Answer : By now, you know the drill...the gazillion dollar a year "game" played on your behalf will fight to keep reporting your bad credit listings. Sad but true. Okay, so you didn't get off easy with a simple deletion. It's time to go to work. Yeah, I know...that stinks. Here's the good news...we have a plan.With that said, let's unveil PLAN "B" ... our effective contingency plan.Here it is ... FCRA section 611 (a) (7). Don't worry, we'll break it down for you. You're busy and you want the executive summary version. Correct?Once you receive a "verified as
Raising Your Credit Limit Hurt or Help Your Credit Score ?!!! 2007-10-27 17:50:00 Does Raising
Your Credit Limit
Help or Hurt Your Credit Score
?!!!The Answer : Yes it does, and this is the reason why:1. Payment history-35%2. Total debt owed vs. available credit-30%3. Length of time establishing credit-15%4. Types of credit established-10%5. Inquiries and new accounts-10%Increasing your credit directly affects #2 because it creates a much needed cushion betwee the total debt you owe and the available credit you have. Now this won't help if you carry a balance more than 30% of your combined available credit. So with that in mind make sure that you keep the balances low if not at 0. Read more:Credit Score
Good Bank with Low Fees ?!!! 2007-10-27 08:56:00 Whats A Good Bank with Low Fees ?!!! I Need A New Checking Account ! Chase Bank Sucks !!!The Answer : I had to star this question, because I'm starting to feel the same way about them too. I've been with Chase for 3 years, and everything had been fine until they started charging me fee after fee even when I wasn't doing any transactions. So with that said, I started shopping around for a new bank. What I was able to come up with was 2. Wachovia and Bank of America.I've heard nothing but good things about Wachoiva, especially their customer service. I used to be a Bank of America account holder, a while back, and I thought about switching back to them because of their nationwide presence. So you can definitely check out those two. Credit Unions are another option because they're more localized and they're more customer friendly. So hopefully, these are a couple of ideas that you can play with.
Restoring Cedit !!! 2007-10-27 05:37:00 Restoring Credit ?!!!How do I restore credit if no one wants to approve me for anything? I have a score around 530 which is not bad but it is rated at very poor. So how do I get better credit if not even a bank will approve me? I have a great paying job and they don't accept that as collateral. Please help!!!The Answer : My job as a credit analyst and underwriter, my job was to manually review accounts that were unable to be approved and declined by the automated process, so I'd know a thing or two about your situation. First, it would help knowing what makes up your score, so I'll give a quick breakdown:1. Payment history-35%2. Total debt owed vs. available credit-30%3. Length of time establishing credit-15%4. Types of credit established-10%5. Inquiries and New accounts-10%I figured that if you knew what made up your score, you would know what and where to start on.You mentioned that you have a great paying job, which is good, but that's just half the battle. Do you have a checkin
A Lot of Credit Cards Effect Credit Score ?!!! 2007-10-26 20:04:00 I Have A Lot of Credit Cards
, will Paying Them All Off at Once Effect My Credit Score
in A Negative Way ? !!!I recently got a bonus with my current job, and am now able to pay them off. I already have bad credit due to late or missing payments. Now all of my cards have a high interest rates. My main goal is to improve my credit score and payoff debt. I am not really sure the best way to go about it. The Answer : The first 3 posters pretty much just restated the obvious, they really didn't answer the question, so I guess that's where I come in. I'll not only answer your question, but I'll give you some valuable tips to get it back up. First, you should know what makes up your score:1. Payment history-35%2. Total debt owed vs. available credit-30%3. Length of time establishing credit-15%4. Types of credit established-10%5. Inquiries and new accounts-10%Ok, with all that said, #1 & #2 are what's hurting your score the worst. After all, they make up ⅔ of your score. So, by payi Read more:Credit Cards
Credit Card Debt !!! 2007-10-26 16:56:00 Credit Card Debt Elimination !!!Sure , you’ve heard of people talking about eliminating credit card debt with a consolidation loan, but does it really work?. The answer is YES, it is a useful tool that can help if you are in a situation with your credit card debt that you can’t handle alone.If you are in credit card debt and have recently received an interest rate hike due to making a late payment, or even if you just wish to eliminate your credit card debt, a credit card consolidation loan may be just what you need. Credit counselors are available to discuss your individual situation too see if you might qualify for one of their credit card debt consolidation programs.Credit card consolidation has it’s advantages and by qualifying for one you will receive a lower interest rate than what you are currently paying now. If you have been late on your payments and your creditor bumped up your interest rate as a result, you will save money just from the lower interest rate right from t Read more:Credit Card
, Credit Card Debt
American Express Clear Blue Card ! How to Pay it ?!!! 2007-10-26 15:10:00 I Have an AmericanExpressClear
Blue Card !!! How Do I Pay This ?!!!I have a new card with 6 month 0 APR. I would like to know If I purchase something with it will I have to pay it back immediately or would I have the 6 months to pay it off? I know with other cards I would not have to pay until the 6 months is up.I just want to make sure because Ive heard horror stories of American express being quick to raise your APR if you pay late. As long as I pay the min balance and have it at 0 by the end of the six months will I be ok?The Answer : As long as you make "at least" the minimum monthly payment and have it paid at the end of the 6 month promo period you should be in good shape. Plus you will have a nice (interest free) payment history reporting on your credit reports which will help your scores.Do not let the amount you owe go past the promo period.Depending on the promo they offered you, if there is still a balance remaining after the promo ends, you may have to pay the interest fr Read more:American Express
My Info on My Checking Dept Card & Credit Report !!! 2007-10-26 10:09:00 When Companies Are Doing A Credit Report
! , Can They Get My Information on My Checking , Dept Card , Savings ? !!!The Answer : Not unless you listed this information on your credit application.Personal banking information does not show on credit reports. Also See for yourself what is on your own credit report at www.annualcreditreport.com you can get one report free a year.
A List Of Credit Cards Dont Make A Hard Inquiry Reviewing Application !!! 2007-10-26 07:17:00 Credit : A Lit Of Credit Cards
That Dont Make A Hard Inquiry
When TheyReview Your Application
?!!!Can someone find me a list of credit cards that don't make a hard inquiry when they review your application? Maybe one that would just check my w-2 and current pay stub and even take a copy of my credit report? Thanks for your time.The Answer : Most credit cards are going to do a check. There are all kinds of offers that come in the mail and are posted on the internet. There are quite a few banks/companies that will give you a card with a limited or secured amount to use. However, most of these cards ask for a annual fee, plus the interest rate is high, and there may be a monthly maintenance fee as well. They are all over the place it shouldn't be to hard to find. But, remember that any app you put in will hit your credit score and lower the number for each hit. Read more:Credit Cards
, Reviewing
Pay on A Bill within 7 Years Dropped Off Your Credit !!! 2007-10-26 03:01:00 If You Don`t Pay a Bill within
7 Years
, Does That Get Automatically Get Dropped
Off Your Credit ?!!!I heard that from a friend. what if you do pay on the bill, does it still get dropped off your credit even if you are paying on it? I am no clear on thatThe Answer : The time that a derogatory account can be reported on your credit is 7-years from the date of first delinquency. This works out to 7.5 years.It is illegal to re-age debt, so if you pay it will not start the clock over, what it will do however is start the statute of limitations over which is the legal time that collection people have to sue you in court.
Consolidate Credit Card Debt into Loan Payments !!! 2007-11-03 04:22:00 Do You Want to Consolidate
Credit Card Debt into Loan Payments ?!With the average household debt increasing year by year it is not surprising that there are more people looking to consolidate credit card debt into loan payments each month instead. This is more than understandable as to pay off the average household debt paying the minimum payment each month would take 30 years.The 30 year number isn't one that I just pulled off the top of my head it is fact. Fact that if you continue to pay off that minimum amount each month and don't use your card you could end up spending a large chunk of your life putting expensive meals on credit card company shareholders tables!By taking the decision to consolidate credit card debt into loan payments you are better off and in a stronger financial situation straight away. How do I know this, well the period of a loan is just that it is the length of time it takes you to pay off the money you borrowed. So if you borrow the money over 5 years then
Apply for A Credit Card No Matter How Bad Your Credit is !!! 2007-11-02 22:15:00 Is There A Site Where You Can Apply for A CreditCard & Get it No Matter How Bad Your Credit is ?!!!The Answer : I agree with Harbinger about getting a secured credit card. They're the easiest to get, mainly because you have to put up a deposit that's used as collateral to establish a credit line. For example, you deposit $300, you get a $300 limit. One good thing is that the deposit is linked to either a CD or savings account, so it gains interest while you're building credit. You can also look at this as another way to save up money for yourself. Since you can add to the deposit at any time,that means you can increase your limit as well, especially since high limit/low balance cards help your score. A good practice to use these cards is to make a small purchase ($20/month) that can be easily paid off on time every month to show activity, but at the same time keep the balance either at 0 or pretty close to it to make it easy to manage. Also, it's good to increase the limit as h Read more:Credit Card
Prepaid Card Reports 2 Credit Bureau & Has Small Start Up 2007-11-02 04:48:00 Looking for Prepaid
Credit Card That Reports to The Credit Bureau ad Has SmallStart
Up and Monthly Fees !!!I have bad credit and I am working to establish that credit. I've heard of the prepaid credit cards that report to the credit bureau, but some are $30 to start the account. I'm looking for the following: - Reports to credit bureau, so that I can improve my credit.- Low start up fee. (Under $10.00)- Low monthly or annual fee (Under $10 p/month, $60 p/year)If anyone knows, or has story about a good card, please respond. Thanks.The Answer : I think the card that you're talking about is the Eufora prepaid card. It has a credit building program [click here https://www.eufora.com/creditbuilder.jsp... From what I gathered from the website, it only reports to Transunion and Equifax. I myself think that a secured card would work out a lot better than this, being that I've had one before, and I don't know a whole lot about this. But I've posted the links below explaining more about t
Bankruptcy - Bad Credit - Persnal Loan !!! 2007-11-01 22:44:00 Bankruptcy , Bad Credit
and A Personal Loan ?!!!So , you think you want to apply for a bankruptcy bad credit personal loan. Maybe you should think twice! Without extensive research and forethought, a loan could cost you more than you realize.When a person files for a bankruptcy with a bad credit personal loan, they are usually trying to re-establish their personal credit. Many people will jump at any opportunity to gain some sort of credit line. When they apply for a personal loan, they do not always read the fine print.While there are many different companies that will offer a bankruptcy bad credit personal loan, there are many who will take advantage of the consumer. It is important to understand that while the lender is taking a greater risk by offering a personal loan, they should not make their demands difficult to live with and accept.Often the interest rate for the loan is astronomical. Some companies will charge a rate of over 500% interest! The consumer may find himself or her
Best Way for 25 Years Old 2 Establish Credit !!! 2007-11-01 07:00:00 What is The Best Way for 25 Years
Old 2 Establish Credit ?!!!My boyfriend is 25 years old and has absolutely NO credit whatsoever. I am not saying he has bad credit, he has no credit. He has tried applying for smaller lines of credit lately to start off somewhere. He has been denied twice.We were told to try the bank. He had his dad co-sign on a loan with him. They were denied that too. His dad/parents have a healthy line of credit so we are a bit bewildered at this point.We plan on getting married in the next couple of years and will want to buy a house, cars, who knows what else. He needs to start working on his credit ASAP. What can he do to establish credit somewhere (anywhere at this point) and start building his credit history?Actually I have been told by several different financial people to NOT pay the credit card off each month. You will never build any credit this way. You have to show the company you have the card with that they can actually make money off you. If they can'
Good Secured Credit Cards !!! 2007-11-01 01:08:00 D0 You Know of A Good Secured Credit Cards
?!!!My boyfriend is trying to rebuild his credit and I suggested a secured credit card since he can't get an unsecured. Now the problem is trying to find a good company that is not trying to rip him off with horrible fees or just take his deposit money and run. I'm looking for some info from people who've had actual experience with a company. Good or Bad...The Answer : I can help, not only do I talk about this on Y! Answers all the time, but I've had personal experience. Does your boyfriend have a checking and savings account? The reason that I ask that, is that some banks and credit unions offer secured cards. Some of the major banks like BofA, Wells Fargo, and USBank all offer secured cards. These, along with Orchard Bank(HSBC), I would recommend (I posted links below to each of their sites) I would stay away from New Millenium and First Premier as they have to many hidden fees that eat up the available credit on the card before it even Read more:Credit Cards
Quicly Better Your Credit !!! 2007-10-31 15:25:00 How Can I Quickly Better My Credit Score ?!!!I recently requested a loan of $20k and was denied due to a credit card with a $1500 limit that is in collections. I would like to pay this off, but wish to borrow this money within the next 2 months. Will my credit score go up enough by then if I pay it off? My current score is 550. Thanks for any help you can offer.The Answer : While it would be a good idea to pay it off, you need to keep in mind that paying it off, isn't going to be enough. 35% of your credit score is based on payment history, so with that credit card being in collection, it's damaged your score. Even if you did pay it off, the negative payment history would still show. The only chance in that would be to negotiate a "pay to delete" meaning that the balance would be paid in exchange for it being removed from the credit report. Keep in mind that while it's not totally impossible to get this done, it doesn't happen often. If you get them to agree to it, make sure you g
An Expert Needed !!! Should I Apply 4 A Credit Card Even Though . . . ?!!! 2007-10-31 02:51:00 Need An Expert
Please !!! Should I Apply 4 A Credit Card
Even Though ?!!!So here's the deal - Earlier this year (around March) I had applied for a credit card from my bank and was rejected (I had no credit). But I ended up having to get a small loan to get a new engine for my car that was around $1300. I payed it all off with no late payments and whatnot. So I'm hoping it brought my credit score up a bit.So I really would like to apply for a credit card again but I dont know if it's too soon. I know it effects my credit score so yeah - I dont really want to mess that up.Also, before my loan my credit score was 616. And my checkbook had been stolen a few years ago which caused me to overdraft (a few times :S - they ended up going to jail) So I'm wondering if that has anything to do with me being rejected or will have any effect on my reapplying.And PLEASE I dont want to hear the crap about why I shouldnt get a credit card. I'm not a total idiot. :) If you need anymore info just let
is this possible ?!!! 2007-10-30 17:11:00 is this possible ?!!!I am trying to look a the phone bill (we are with t-mobile) but you can only look at calls made AFTER you pay the bill!For instance, sept 14- oct 14... you can see all the calls made after you pay the bill on oct 14.my question... is it possible to see the calls made since then?or do i have to wait until november 14th to see it?!The Answer : I have itlog into t-mobile==> https://my.t-mobile.com/login/?click on "see billing details"Over where it says "Resources" on the right hand side where it shows your minutes used, click "see minutes used details" It should show you all the calls you made starting from the last called placed today until the start of the billing cycle
Bad Credit Card Debt Loan - A Way Out !!! 2007-10-30 09:20:00 Bad Credit Card Debt Loan - A Way Out !!! Looking at a bad credit card debt loan is something many people might hope they never have to do. But perhaps the idea of getting into a cycle of debt and bad credit isn't as impossible as it sounds. Even for someone who seems to be in great financial shape, it just takes a few wrong steps to find him self up to the ears in credit payments. Just Charge It This phrase has become so common nowadays and is perhaps one of the leading reasons for debt bad credit. A credit card can sometimes make you believe you have money to spend, when you actually don't- you just have credit. If there is more than one credit card involved, the situation can be that much worse. If you don't actually have the cash to buy a new stereo system, you won't. But with a card, not only do you have the ability to buy it, there's a good chance that you will.That means that at the end of the month you may find a nasty surprise for you in the mail- not only have you boug Read more:Bad Credit
New Credit Lowers Score !!! 2007-10-30 07:28:00 New Credit Lowers Score
?!!!I aquired 2 new credit cards in June (BP and Home Depot). My score immediately dropped from 702 to 641 (FICO). As of today my score has not risen 1 point ! True Credit states the reason is I aquired the cards in too short of time. Now had I been denied the cards my score would have not dropped. My banker says I should cancel the cards and it should go back up. Since the score hasn't risen at all in 4 months I'm pondering doing just that! Any thoughts?The card limits are only 400 and 700. Debt to income is 10% ( moot point since credit bureau does not factor that norr is privy to your income. My other credit cards have a total limit of 10,000 and I only owe 220.00. 1 car loan never late on anything , no collections. TransUnion does not use FICO any longer, they use Vantage.I owe nothing on theses cards. I owe 3% of my total available credit. One of my credit cards show my score each month. I also have a friend that ran my credit thru his car dealership.. Read more:New Credit
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