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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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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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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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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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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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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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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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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How should money be spent for fixing credit?
I have a poor credit rating, but next to no debt. I don’t believe in consolidation companies or credit repair services. Can I contact debtors directly? How aggressive should I be? I am looking to buy my first home, should I spend my money trying to erase all debt or should I try to save money for a down payment?
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Can we report an unpaid civil judgement to the credit bureaus?
We were awarded a civil judgment for $100,000. It was signed by a judge and filed with the court in Jackson County Missouri. The defendant never paid and we would like for this to show up on his credit report. I have heard that unpaid civil judgments can be included in the personal section of a credit report but I haven’t been able to find out how to get the credit bureaus to acknowledge this debt and show it on his credit report. Can anyone tell me how to get this debt on his credit report?
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What effect does canceling a credit card have on your credit score?
Say you are in good standing, never late, always payed the balance, but you have too many credit cards. When you cancel a credit card, what happens to your credit score? Does the credit limit you had for that card get erased from your credit report? After all those years of building the credit limit to help your credit score, what happens to it and what happens to your credit score?
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I need a good, reputable debt consolidation company
I am thinking about doing debt consolidation, but I am confused about all the different companies out there. I have heard that there are a lot of companies that will ruin your credit. Does anyone have some helpful advice. My debt is not huge ($6,000), but I am tired of continually paying on them and never seeing a difference on the balances.
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How should I start fixing my credit?
I have been ignoring my credit problems for years. I have decided that it’s time to start doing something about it because someday I would like to buy a house, a new car etc…
It is mostly credit card debt but there are a couple of other small debts. About 60% of the negative items on my credit report is around six years old. The rest of them are about 1 year old.
I know that when you pay collections off it will drop your score. I am ok with that if it will improve in the long run. Should I pay off all of them? Are negative items removed after seven years anyway?
I have two credit cards that are in good standing and I know this will help my credit score also.
What is the best way to repair your credit? I am overwhelmed and I just don’t know where to start. Also should I try to negotiate with the collection agencies? Do I need everything in writing from them?
Is there some good books I could read?
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How to get creditors to report account information to the credit bureaus
I got my credit report today and it shows that my available credit is $300 and I have $296 available. After further inspection I noticed that only one credit card had reported a credit limit and all of my credit cards hadn’t been reported since April. How can I contact the credit card companies and get them to report accurate and up to date information to the credit bureaus? I think that this might be affecting my credit score, so I would really like to fix it.
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Does your credit score go down when you apply for a credit card?
I would prefer answers from people who work in the credit industry and can tell me roughly the number of points, and how long it will take for my score to recover once the new higher available credit kicks in…
I know part of your credit score is determined by how much available credit you have. I closed several credit card accounts a few years ago before I knew it would hurt my score, and now I have very little credit available. I have excellent credit otherwise, and pay off anything I charge the next month. However, I do have a balance I’ve been slowly paying down, and want to open a new card so that my balance takes up less of a proportion to my total credit debt.
How much will this hurt my credit in the short term? And how long will the point drop last?
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What do debt consolidation companies offer to people who are in debt?
Can anyone tell me about debt consolidation companies and their services?
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How do I fix my credit and pay off all my debts if I haven’t kept track of them?
I am currently trying to get my life back on track and recover from a disastrous past when it comes to financial matters ( and some personal problems). I am not sure where to even begin to try and pay off all my debts since I did not keep track of anything.
Any advise would be helpful. I am trying to avoid filing for bankruptcy or going with one of those credit repair places.
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What credit report does credit card companies see?
When I activated my credit card they asked me to verify the make and model of my car. How do they know, it’s a different company? My credit report doesn’t say what kind of car I have. How can I see the credit report they see that has this information?
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How can you raise your credit score besides paying on time?
Past credit mistakes messed me up. I have a judgment that’s almost paid off and I am trying to raise my credit score. I have 3 new accounts that I’ve paid on time for over a year. I read that one way to raise your score is to ” piggy back” on a relatives good credit ( have them add me to one of their good accounts and not use it) Is this safe? Is it legal? I would love to hear constructive ways to increase my credit score. Please don’t judge me. Almost all of my ” bad” credit accounts have been paid off. I put my sons first after I was divorced. They lived in the house that I paid for while I lived in a basement.
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Qualifying for a mortgage after filing chapter 7
I filed chapter 7 back in 2004 and I checked my credit score and it is 645. I am looking to purchase my first home by the end of summer this year and I want to make sure that I am able to get a loan. I have heard that it is hard to get a loan if you have filed chapter 7. Any and all information is greatly appreciated.
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Debt consolidation loan for people with bad credit
I am in dire need of a debt consolidation loan and I have bad credit. I can make things work with $5000, but I don’t know where to start. I have gotten emails from people claiming that they can loan money but they sound fishy because it is not a company email, their emails always seem to be yahoo. Any info will help. I fell on hard times and am now able to pay my monthly bills but I cant seem to catch up after falling behind. I have a 5 yr old and I don’t want him to suffer if we loose our home or car.
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Will lowering your credit limit also lower your credit score?
I only have one credit card, and I have a very high credit score. Because of my good score, the credit card company keeps increasing my line of credit even though I don’t ask for it or use it. I have been told that if you ask for a credit line decrease it will lower your credit score. Why is that? What can you do to minimize a lowered credit score?
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I have a bad credit score. How can I fix it?
How do you repair a bad credit score?
I need to fix my bad credit score but I have no idea about how to do it. Can any body please help me?
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Credit report without a credit card
OK, I’ve never really understood the whole credit thing and I don’t know if I have bad credit or no credit…but, I can’t seem to get a credit card from anywhere to even build credit? Where is the best place to check out my credit report safely and help me understand in laymen’s terms about everything?
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