What happens to your credit score if you pay off all your debt and never get another credit card?
I have a tremendous amount of bad debt. Almost 2000 dollars. If I were to pay it all off, would it raise my score or just keep it from getting lower? I have no intention of EVER having another credit card. My credit score is in the low 500s. What will happen if I pay off all debt and do nothing to raise my score?
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Is identity theft possible without having your social security number stolen?
Can you become a victim of identity theft without getting your social security number stolen?
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Which credit card is the easiest to get?
Which credit card is almost guaranteed to accept 1st time applicants? I am a student who has no credit. I would like to start with the easiest companies to deal with for 1st timers.
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How do I remedy a debt that was assigned to my ex-husband?
When my ex-husband and I got a divorce, the divorce agreement stated that he would take two debts that he incurred while we were married. They were his responsibility but they are still showing up on my credit report. Is there any way to stop these debts from being reflected on my credit?
Any help at all is appreciated.
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I need help fixing my credit but I don’t know where to start.
Here’s my situation: I have about 10k in debt and really bad credit. About 90% of my debt is medical bills that I could not help because I didn’t have insurance. The rest is unpaid cell phone bills, utility bills and a credit card that is wriiten off as “bad debt”. I’m only 23 and I want to fix this so I can buy a car, a home, and start buliding my credit again. If I just start paying them off with what I can afford (that would only be about $200 a month) this would take years to pay off. I’m also getting married next year with no one to help pay for the wedding and everything. My fiancee’s credit is just as bad as mine, so he can’t help. What is the best thing for me to do so I can at least buy a home in the near future? I don’t want to be in my 30′s and still living paycheck to paycheck. I’ve heard of debt consolidation loans, but if you need decent credit to get a loan, how could I get one? I know there are alot of scams that would take advantage of a person in my situation so I want to find a reputable company to work with.
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What would my credit score be before I get any credit?
I just turned 18 in July and I have no credit history at all. What would my credit score be right now now? What does it start out at? What is the easiest way to increase my credit score? How long does it take to build credit? Do you get points per month or how does it work?
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What is a good interest rate for a personal loan?
I took out a $4,000 personal loan from a credit union. It’s a five year loan and the interest rate is 9.9%. Is this a good deal? I have excellent credit, I have never been late on any payments and I have already paid one student loan bill in full.
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Is a credit history required to get a store credit card?
I don’t have any credit history because I just started working. I would like to start building my credit history and I thought a store credit card would be easier to get than a regular credit card. So I was wondering, do I need to have past credit history to get a regular Walmart Credit Card (not their Discover Card because I probably wouldn’t qualify). If you have any idea, please help. Thanks.
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What percentage of your income goes toward your mortgage payment?
We’re getting ready to buy a house and I’m just curious about what percentage of their income people are comfortable with spending on their mortgage. What is your mortgage payment (including taxes and insurance) and your household income, and are you comfortable with your mortgage payments?
Thanks!
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How to improve FICO score and repair credit
I would like to fix my credit and improve my FICO score so I can purchase a home of my own. I currently have a lot of debt but I really need to get my life back on track. Would it be better to file bankruptcy and start over or would I be better off paying on my debts to clear them up?
Also, once I settle my debts, how do I improve my FICO score?
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Credit repair advice to qualify for a mortgage.
My husband and I would like to buy a home but we are not sure we would qualify for a mortgage because our credit is not great. I contacted lending.com recently to find out what we can do to be ready in 6 to 9 months. They said that our credit score was less than 500 and there’s nothing they could do to help us. If we pay off the doctor bills that are on our credit report, would it raise our credit score? Does anyone know of any mortgage companies that handle high risk credit? Any advice on getting our credit score raised would be greatly appreciated!
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What matters more; your credit score or the contents of your credit report?
I have a good credit score but I still have unpaid collection accounts on my credit report. Will lenders expect me to pay those off before they would give me a mortgage? Since my credit score is high, will it really matter what is on my credit report?
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Credit Repair After Bankruptcy
I filed chapter 7 bankruptcy after a divorce in 2002. I then had to file chapter 13 bankruptcy in 2007 because of a foreclosure on my home. I’m one month from finishing the chapter 13. Will these bankruptcies be on my credit report for the rest of my life? What can I do to improve my credit score?
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What does my credit score need to be to finance a car?
I recently paid off all my debts and my credit scores are slowly improving. I got my credit report and it doesn’t look too bad since most of the negatives have been removed. I, like so many other people, messed up my credit when I was younger and I’m still paying for it now. My credit scores range from 579 – 618. Is this good enough to get a loan for a car, or do I need to wait a while longer?
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Will applying for a personal loan affect qualifying for a mortgage?
We payed off almost all of our credit card debt but now we need a personal loan to pay off student loans and do some repairs on our house. We would like to buy another home soon so we will be applying for a mortgage. Will getting this personal loan affect our ability to qualify for a mortgage for our new home? Our credit scores are excellent right now. We need professional advice. Thanks.
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How much do debt consolidation companies charge for their services?
I was wondering, how much would a debt consolidation company charge to help me with my debt problems. I’m trying to figure out if it would be worth it to pay one of these companies or do it myself. I’m in so much debt that I can barely make the payments and I really don’t know what I can do. After I get paid, I usually only have about $100 to last me through the week because the rest goes to bills.
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What credit score is need to qualify for a home loan?
What credit score do I need to qualify for a loan at all, not necessarily a loan with a great interest rate? Due to some student loan problems over the past year, my credit score has plummeted into the 500s from around 700. I earn 6 figures and I have very little debt, so that should look ok to lenders. I’m just wondering what my credit score needs to be before I can even consider applying for a mortgage.
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Advice for paying off debts
I have three credit cards and I owe a total of about $1500 on them. I also owe $300 on a hospital bill, $120 to the bank, and $8000 in school loans. What would be the best way for me to start getting rid of these debts?
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Can declaring bankruptcy eliminate credit card debt?
Can an individual eliminate credit card debt by declaring bankruptcy? I thought bankruptcy just got the bill collectors off your back but didn’t wipe out any debts. Recently someone told me that it depends on which chapter of bankruptcy you file and the right one WILL eliminate credit card debt. I know someone who has $80,000 in credit card debt and they are trying to get rid of their debt! Is ihis really possible? Are there any restrictions in doing this. Can you ever get a credit card again if you do it?
If you file bankruptcy to eliminate all debt, do you have to give up ALL of your possessions? Will you have anything left?
This is for a friend of mine (really). They don’t own a home, they have 2 cars and some furniture and A 401k plan. Between the two of them they make about $40,000 a year. I don’t see how debt consolidation could help them. How could they EVER pay off $80,000!?! They had a house but they used up all the equity in it over the years and sold it recently and broke even on the deal, ending up with NOTHING! What a mess! I just didn’t think they could wipe out their credit card debt! And, it really isn’t fair to the rest of us who pay our bills!
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Free credit report without using a credit card
I would like to get my credit report but all the sites I have found ask for a credit card even though they claim that it’s free. I no longer have a credit card. Is there a way for me to get my credit report without using a credit card?
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Is the interest on a personal loan tax deductible if it is used to buy property?
When you get a conventional mortgage, the interest is tax deductible, right? So if I get a personal loan to buy my primary residence, would I be able to deduct the interest on that loan when I file my taxes?
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Credit Card Fraud – Don’t fall for this one
Criminals have a new trick. Watch this to see how you can protect yourself from being ripped off. Have you been a victim of a credit card scam? Share your experience on www.complaintsboard.com
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How to dispute negative items on your credit report
There are a few items on my credit report that have been re-opened by collection agencies. It is my understanding that they are not allowed to do this. The statute of limitations has passed and they should be removed from my credit report. I have never had a problem about items dropping off before. This Capital One account will not drop off and the three different collection agencies for this one account keep reporting a new date opened. It has been 8 years now and they are still on my credit report. How can I get them removed?
Also, when you view your credit report, where is the “date of last activity”? All I see is the open date and last reported date. The last reported date can’t possibly be the date to go by because then the statute of limitations would be meaningless. Lenders and collection agencies could just keep reporting and the account would stay on your credit report forever.
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Why did I get two different credit scores?
Last year I got my free annual credit report from all 3 credit bureaus and they show one negative item on my report. Six months ago I did one of those free 30 day trials to get my credit score and it was 517. I haven’t made any payments to my negative account, but today I got a free credit score from Experian and my score is 624. Why the difference between the two scores?
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Give the benefits of debt consolidation loan?
I am planning for a debt consolidation loan. I want to know the benefits of the debt consolidation loan.
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Could I rebuild my credit without getting a car loan?
If I file for bankruptcy, would I be able to rebuild my credit without getting a car loan? I want to purchase a car without a loan so I can just get liability insurance. I have a student loan and two credit cards that I’m planning to keep to help rebuild my credit. Will this get me to a credit score of 700+ after 2-3 years of paying on time?
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What happens to the second mortgage when the first mortgage forecloses?
I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.
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What credit card can I get at 18 and not a college student?
I always thought that lenders love to give credit cards at 18, but I’ve tried Capitol One, Chase, a QT credit card, and a Best Buy one. All of them denied me because of no credit history. Obviously, I won’t be able to get a credit history if they won’t let me have credit. I Work two jobs and I want to have a credit card just in case and to build my credit. Why do I keep getting denied?
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Getting a personal loan with no credit
I am 18, just getting prepared to go to college, and I have no credit at all. I don’t need a student loan because my dad is paying for my school. However, my boyfriend and I live together and we just bought $1500 worth of furniture from his brother. We were supposed to stick to a payment plan since we don’t have a huge income, but his brother wants the money now. My boyfriend is just going through bankruptcy so he can’t get a loan. How can I go about getting a personal loan to pay them off? We are both employed so I am not worried about making payments, but I am clueless about how to even get a loan.
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