Information to help you qualify for credit
I need a loan and some people have suggested that I look into a home equity loan because it would have lower interest rates than credit cards. The money I need is not for a home and I don’t have enough collateral for the amount I’d like to borrow. I have a good credit score [...]
I recently paid an old debt of $900 and I am now debt-free. However, my credit score is only 550 due to financial problems over the past few years. I really need to build my credit so I can buy a car soon. I would rather not get a credit card to build my credit. [...]
I have a credit card that I never use. How does this account affect my credit score? Does it just show on my credit report as an open account in good standing or does it not show up at all since it’s not being used? Would I be better off closing his account? Related Credit [...]
Over a year ago I paid off all of my accounts that went to collections and all my credit cards. I recently purchased a new car with a co-signer and I pay more than the payment amount every month. However, my credit score is still in the 400′s! What else can I do to improve [...]
I recently opened a new credit card and then my fico score dropped 50 points shortly afterward. How long will it take for my credit score to recover from opening a new account and regain those 50 points? Related Credit Issues Components Affecting The FICO Score Model. « When Problems Get Solved Low Credit Score [...]
I want to buy a home but I am not sure what size mortgage I could get. I make $40K/year and have no outstanding debt. The only bills I have now are rent and utilities. My credit score is pretty good (around 680+). About how much will I be able to qualify for? Related Credit [...]
Whenever I apply for any kind of credit, I tell the lender what my credit score is but they still check my credit. All the advice I have seen talks about the importance of knowing your credit score, but what’s the importance of knowing my score when the creditors run it anyway? Also, how do [...]
I”m thinking about buying a used car soon and I was wondering if there is a way to check what kind of loan I qualify for without it being an inquiry on my credit report. Is there a way to do this? Also would pre-qualified or pre-approved inquiries hurt my credit score? My credit score [...]
I want to know if I would be approved for a $300,000 loan. My credit score is around 650-675, I earn $5700 gross and take home $4250 monthly. I pay $365 per month in credit card debt and $235 in student loans. I am a first time home buyer and have a very small amount [...]
I have a good credit score but I have unpaid collection accounts on my credit report. Would a lender expect me to pay those before approving me for a mortgage? Will they really care about what is on my credit report as long as my credit score is high? Related Credit Issues Collection of Judgment [...]
I have recently paid all of my credit in full and my credit score is slowly rising. I, like a lot of people, made mistakes and damaged my credit when I was younger. My Scores range from 579 – 618. Is this high enough to get a car loan? If not, how high does it [...]
1. If I apply for a new credit card (visa signature) but cancel my old visa card? If my current credit score is 750, what will be my score after doing so? Related Credit Issues Refinance bad online credit report credit score | XJJXB A bad credit score Plastic card Offers | Investing Blog Saving [...]
I am not talking about a great interest rate loan, but just baseline, what credit score do I need to qualify for a loan at all? Due to some student loan troubles over the last 12 months, my credit score plummeted into the 500s (from around 700), but I make 6 figures with minimal debt [...]
I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the situation? (Is [...]
Let’s say I have money and I qualify for a loan, so I buy a house and rent it out. My wife has to sign that she is not responsible for the loan, this loan is based only on my income and my credit score. So does this mean that my wife can get a [...]
I want to get a frequent flyer credit card but I already have 3 credit cards with generous limits. I don’t need these credit cards and I would like to cancel them and have this “possible credit” to go towards the new card. I heard once that canceling a credit card has a negative effect [...]
Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next two or [...]
Learn about a 3 bureau credit score. For more info, go to ezinearticles.com To repair a credit rating, go to consumercreditrepairhelp.com Related Credit Issues Fitch Hikes Ford's Credit Rating | The Carlovers Magazine Improve Your Credit Score – Cool Great Stuff | Finance Burned by housing mess, credit-rating agencies play key role in …
Say you are in good standing, never late. always pay the balance. but you have too many credit cards. So when you cancel that credit card, what happens to your credit score? Does the credit limit you had for that card get erased from the records after all those years of building the credit limit [...]
I received my credit report today and it shows that my total credit amount is $300 and I have $296 available. After further inspection I noticed that only one credit card had reported a credit limit/max balance and that all of my credit cards hadn’t been reported for the past three months. Is there an [...]
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 [...]
Ok, past credit messed me up. I have a judgment that’s almost paid off and now I am trying to raise my credit score.I have 3 new accounts that I’ve paid on time for over 1 year. I read that one way to raise your score is to ” piggy back” on a relatives good [...]
What is in a credit score? www.scorechicago.org An excerpt of an interview with Mark E Goodman and Matthew Sapaula, financial planner on CAN TV21 Hotline show recorded March 2, 2010. In this segment, Mark and Matt discuss your credit score. How do credit score companies keep your information. Whats involved in the process? You can [...]
I have only have one revolving credit card, and I have a very high credit score. Because of this overall score they subsequently increase my credit line, even though I don’t ask for or use this revolving line of credit. Question? I have been told if you ask for a credit line decrease they lower [...]
I have mostly hospital bills on my report but I also have some other things on there too (just five). When they get paid off, how long does it take for the company to remove it off your credit report? Is there someway for me to consolidate my credit report, pay it off and then [...]
I need to combine all my bills into one easy loan payment. I don’t want to deal with debt consolidation companies because they are really a rip off and they limit what you may be able to do financially in the present and future. I need a loan to build my credit score. I’m not [...]
My credit score is about 615. I am working on improving my score so that I can qualify for a mortgage loan with low financing in about a year or so. I currently have an auto loan, and 3 revolving credit accounts. (All bank credit cards) Two of the revolving accounts are new, and the [...]
Our very own Bankaholic Banker Alicia Lagan shares some great tips on how to raise your credit score (FICO). Related Credit Issues
I have decent credit (my credit score is 700) but I had canceled all my cards when trying to get out of debt. I am now free of all unsecured debt but I need to have a card so in the future I won’t be hurt by having no credit. I’m thinking I want a [...]
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