Posts Tagged ‘credit score’
What is the best way to purchase my condo from my friend that Im currently renting from?
For the past 18 months, Ive been renting a friend's condo for 0 a month. Now Im interested in purchasing it. It has an appraised value of approximately ,000-,000. I know he paid about ,000-,000 for it in 2007. In 2008, I settled (not bankruptcy) my credit cards and in doing so, my credit score dropped from 800 to 600. (so Im not sure about going [...]
Getting a commercial real estate loan?
My fiance and I are trying to get a commercial loan for a rental property. He has a credit score of about 680, and I have a score of 554, what are our chances of getting this loan? I have the worst score, but I make the most money.
How to settle bad debt?
I have debt that is about 4 yrs old that I would like to settle or pay off. Some are/were with collection agencies (not sure now where they are because of the age of the debt). The debts are unsecured (electric, cable, etc.) and some are secured. I also had a foreclosure of the same age. While I know that the foreclosure will still hurt my [...]
$43,000 in Credit Debt and Growing…?
I have a credit card with around ,000 worth of debt at an interest rate of 11%. I used this credit card to purchase 50% of a business as I wasn't eligible for a small business loan since I'm acquiring a successful business instead of starting one from the ground up and have zero equity so this was my only option. Now that I've committed myself [...]
First Time Car Buyer
I want to buy a car from a Ford Dealership soon. I am only 18 and have one credit card. What would be the best steps to get a good car? Some have told me they have "First Time Buyer" offers where if its your first time buying a car they don't check your credit score, but I doubt that is true. Some have told me about CREDIT UNIONS and i [...]
FHA Loan instead of Conventional Loan because of No Credit?
I am recently looking to buy a house and went down to a bank for pre-approval process. The Mortgage consultant told me that i could not qualify for conventional loan because i did not have any credit. I have been solid financially and did not have the need to get credit cards and get credit and also was going to put down 15 % for the house i was [...]
low Credit score questions (college mistakes)?
I had a few credit cards that I let go while in college, they were run up to the balance (which was about 0 each and not paid) because I was not able to pay them and didnt get help from family at the time. Of course, I really got attacked with fees, etc. So now, my credit score is very low and I am having a hard time. I didnt have a choice at [...]
Credit??? AHH??
Ok, I have tons of questions regarding my credit.. 1. I currently have a low credit score of 632...I would like to first know what is the best way to increase this score? 2. I do have an item in collection that is ,068.00 and I am in the process of paying this off... after this is paid off, does anyone know what my credit score will be after [...]
How far apart should I apply for a Credit Card?
My credit score is around 730ish sometimes higher sometimes lower. I have 14 Hard Inquiries on my credit report because I was not aware of the inquiries and how it will effect my score when trying to build my credit. I currently have 0 limit for Kays Jewel, &300 limit for a regular Credit Card and recently a 0 limit for Peir1. I recently got [...]
can my company's corporate credit score effect my personal credit score?
Because of the current economy my small business, which is incorporated is unable to make payments on its credit lines. Will it effect my personal credit score if payment are on late on a corporations Credit line?
Are there any unsecured credit cards for rebuilding credit?
I am trying to rebuild my credit, I made some poor choices when I was younger and would like to work on improving my credit score.
Is an Auto Loan the best option?
I'm in the process of recovering from declaring bankruptcy. I was discharged earlier (non-asset forfeiture) this year. My credit card debt was the only debt discharged. My lawyer and just about everyone I've talked to have advised me to get an auto loan. I've pulled my credit score and although not an impressive number but still within the [...]
How to repair my credit?
Ok I am 23. I am a first year grad student and I also have a full time job. I am trying to be responsible and plan for my future. I have a low credit score because of stupid stuff and now I am trying to build my credit and show that I am responsible. I have 3 hospital bills on my credit report which I just paid all three of them off, I have a [...]
I really need help/ advice about a couple of thing on a credit report please.?
My husband and I are in the process of buying a house and I was shocked when I seen his credit score. I don't know how we've overlooked this but here are the 2 things i found and i'm not sure what's best to do. 1) He opened a loan in November of 2005, last reported activity was in 04/2006. It still shows opened, with 120+ days back due. He [...]
Bad credit?
Hi I had to go out of the US as my company got acquired by another company. This happened too fast and I had to give up my apartment and leave. I came back now after 2 months and got another apt, but in the process even though I had forwarded y mail to a friend I have lost a lot of mail. Unfortunately I had a small amt. of some 20$ on a store [...]
Raise low credit score ?
i have a small business whith no credit line sometimes i have as much as 50k in ac so i use my credit cards for cash flow but they get maxed out and the when we get paid from a big job we pay them off but they get maxed out all over again.so my credit score is low and no bank will give me the time of day we've been in business for 3 years. the [...]
NO spammers! Im building a strategy too increase my fica credit rating and open credit card accts.. advice?
I work from home and own a business, now that things are growing i plan on needing a line of credit etc.. i used too have 15 credit cards, department store, jewelry, furniture/visa/mastercard etc... i closed all of them 8yrs ago. that was a mistake as now i have had some spots on my credit and i cannot get credit etc.. i have operated off of debit [...]
How is a credit score for a small business established?
I started a small business 6 months ago that has been very successful. I have a business bank account, but have not done anything else to establish credit for the business. I would like to lease a vehicle in the name of my small business and am curious if my business credit score would be too low? Does anyone know a general guideline on [...]
Paying off Credit cards..Should I close the accounts or keep them open with Zero balance?
We are in the process of paying all of our credit cards off. Four of them will be paid off this week. The interest rates aren't the best so I was wondering... Should I keep the accounts open with zero balance or call and close the accounts? What is better for my credit score? Thanks!
What are the risks associated to an UNsecured small business loan?
I am working on starting a small business soon. I am financing a big chunk myself but need a small business loan for more than half of the start-up cost. I have been told by different professionals out there that with my age, credit score, and years of established credit I would easily qualify for an unsecured business loan, meaning that I don't [...]
What is the best way to Improve my Credit Score.?
My score is 658 now. I have 6 open credit cards with about 20,000 balance. I do make all payments on time every month. I want to raise my credit score to above 700 level. I am in the process of refinancing my mortgage. Please Help.
Is it a bad idea to apply for a credit card while in the middle of a mortgage refinancing process?
I have a high credit score (760), and was approved for my bank's best rate. The refinancing process is taking awhile, and I would like to get a better rewards card than what I have. Would it be a bad idea to apply for a new credit card before the refinancing closes?
secured credit cards?
Do they really work? Do they really rebuild you credit? Right now, I have a 660 credit score. 1 credit card that I owe 2600.00 on. I am in the process of getting my credit score up. Do you think I could do this by signing up for a secured credit card? or, would it just be best to pay the 2600 credit card off first and wait it out? I just want [...]
When will this show on a credit report?
On July 16th we got a credit card for best buy and spent three hundred dollars on it. We have not received a statement yet. Well on July 27th we decided to get try and purchase a home. We made an offer and they accepted we are waiting on a loan to process. They said they needed the credit score to rise 3 points to get an FHA loan and they did an [...]
How can I start a credit line for new small business?
My business is really small and sort of new (2 years) I just don't know how to start a credit score for it. My personal credit is not perfect. I have applied for some business credit cards but I just can't be approved. Please advice how this works for new small business
can my son sue me for credit card fraud even though he gave me permission to use them and I made the payments
My son andI talked and agreed that it would be a good idea for him to accept a couple of the pre approved credit card offers he had received in the mail to start building him some credit. The deal was I would keep the cards use them for things we needed and I would make the payments since I had much more money coming in at the time. Everything was [...]
My First Credit Card…. Is this BAD?
Hi I was wondering what the best habits for paying off balance of my credit card. What is good, and what is bad for my credit score. What will raise my available credit. My credit limit was only 0. I spent it immediately, and payed it off completely within 1 week via multiple online payments of no less than 0. I had planned on doing that [...]
Canceling your first credit card – hurt my credit score?
I have total of 7 credit cards (I know, that's a lot). In the process of trying to pay off my balances and re-organize my finaces, I am thinking maybe I should cancel few of my credit cards after paying them off. I got my first credit card back in college (about 10 years ago), and second one the year after. Those two credit cards are my [...]
how to change the secured credit card to unsecured credit card?
I have a secured credit card with Bank of America , I would like to draw the deposit and get the account to unsecured credit card instead what shall I do?tnkx 1- I have build a good credit score 2- I already obtained a credit card 3- I just want to draw the deposit
How often should I use a credit card to keep it "active"?
I'm several years into the process of repairing my credit after stupid youth + a divorce, and I have a few old cards that have insultingly high APRs. The companies refuse to negotiate (even though my credit score is more than 200 points higher these days - getting close to 700), but I don't want to close them for fear of losing too much credit [...]
