Archive for March, 2011
Sarah B asked:
I recently paid off an auto loan. It had quite a few times that it was 30 days or more late. I was not responsible for paying the loan as I gave the car to a friend and they were not paying on time. The car was still in my name and my husbands name. My question is now that it is paid off, how long will it be before I see an increase in my credit score. This was the only account that I had that has a negative paying history. It says closed and balance 0 on my credit report now.
I recently paid off an auto loan. It had quite a few times that it was 30 days or more late. I was not responsible for paying the loan as I gave the car to a friend and they were not paying on time. The car was still in my name and my husbands name. My question is now that it is paid off, how long will it be before I see an increase in my credit score. This was the only account that I had that has a negative paying history. It says closed and balance 0 on my credit report now.
Also what is the average time it takes for a persons score to increase if they are paying all their bills on time and paying down installment loans and credit cards. How much should it increase in say 7 months. We are trying to get ready to buy a house and hoping to get everything in order in the next few months. We filed bankruptcy (ch 7) 4 years ago.
Kylie Marrapodi
akee asked:
Im looking for a vehicle to purchase. I currently have a 659 credit score. I was wondering if that would make me a qualified buyer for the 0% APR. If not, what would the most likely APR given to me.
Annamaria Mensalvas
Im looking for a vehicle to purchase. I currently have a 659 credit score. I was wondering if that would make me a qualified buyer for the 0% APR. If not, what would the most likely APR given to me.
Annamaria Mensalvas
Jessica A asked:
I am in the process of paying my debt off. I have just paid off three debts and only have one debt left. Because of these debts i have terrible credit. Is there anything I can do to help my credit score build up, so i am not at a horrible credit score and just a fair credit score? I do not have a credit card. Would a high interest rate, low limit credit card help as long as i keep up on it. Please help, Thanks
Imogene Lucherini
I am in the process of paying my debt off. I have just paid off three debts and only have one debt left. Because of these debts i have terrible credit. Is there anything I can do to help my credit score build up, so i am not at a horrible credit score and just a fair credit score? I do not have a credit card. Would a high interest rate, low limit credit card help as long as i keep up on it. Please help, Thanks
Imogene Lucherini
meeko15 asked:
Just had my first credit card so I have a question about it.
What is the best way to get a better credit score in credit cards?
Just had my first credit card so I have a question about it.
What is the best way to get a better credit score in credit cards?
1. Pay the whole amount of debt if I can every billing cycle.
2. Pay above like 15% – 50% from the minimum amount each month.
Which do you recommend the most and why? I need your advice, Thanks.
Sammie Baltazar
Brownbrotha31 asked:
I owe more than 75% the balance on my credit card. If I pay the balance below 30% how many points should my credit score increase? Does this point system also apply to personal loans as well?
Donnell Roof
I owe more than 75% the balance on my credit card. If I pay the balance below 30% how many points should my credit score increase? Does this point system also apply to personal loans as well?
Donnell Roof
baby cakes asked:
I plan to purchase a new car however I wanted to be approved for a bank loan before I go to the car dealership. In our area, Chase Bank is offering rates of 4.4% at the most. What is the minimum credit score needed to be approved. I don’t want to go around applying for different loans if I will continue to get turned down which will then lower my credit score.
Barney Fager
I plan to purchase a new car however I wanted to be approved for a bank loan before I go to the car dealership. In our area, Chase Bank is offering rates of 4.4% at the most. What is the minimum credit score needed to be approved. I don’t want to go around applying for different loans if I will continue to get turned down which will then lower my credit score.
Barney Fager
Pookie asked:
I need to improve my credit score within a six month period in order to refinance my home at a better rate than the one I currently have. My loan to income ratio is high because I am single and on a fixed income but live with my boyfriend who has income, but no credit. Specifically, we signed for an auto loan together hoping for a better rate even though it was purchased with the intension he would be making the payments from his pay. I prefer to remain on the title, as it is, because I provided the down payment. The problem I have now is that on my credit report this auto loan adds an additional and hefty liability to my already stretched debt to income ratio. Any way to improve this outlook for my credit score? One reporting agency shows the loan as a “joint” account, the other as a “co-signed” loan. Do they effect my score differently? It has created stress between us because if he pays late, it’s reported on my account. Any ideas besides selling or splitting up?
Genevive Crough
I need to improve my credit score within a six month period in order to refinance my home at a better rate than the one I currently have. My loan to income ratio is high because I am single and on a fixed income but live with my boyfriend who has income, but no credit. Specifically, we signed for an auto loan together hoping for a better rate even though it was purchased with the intension he would be making the payments from his pay. I prefer to remain on the title, as it is, because I provided the down payment. The problem I have now is that on my credit report this auto loan adds an additional and hefty liability to my already stretched debt to income ratio. Any way to improve this outlook for my credit score? One reporting agency shows the loan as a “joint” account, the other as a “co-signed” loan. Do they effect my score differently? It has created stress between us because if he pays late, it’s reported on my account. Any ideas besides selling or splitting up?
Genevive Crough
Ronald S asked:
I have A LOW credit score. I am in the process of paying off debts to try to repair my credit. There are numerous credit card offers that claim guaranteed approval for a fee. Iwould like to use any tactic available to help buildmy credit. I am however affraid to fall victim to the “SCAM”. Does any one have a possitive experince or advice on the options or other techniques for rebuilding credit.
Wayne
I have A LOW credit score. I am in the process of paying off debts to try to repair my credit. There are numerous credit card offers that claim guaranteed approval for a fee. Iwould like to use any tactic available to help buildmy credit. I am however affraid to fall victim to the “SCAM”. Does any one have a possitive experince or advice on the options or other techniques for rebuilding credit.
Wayne
jaquith unch asked:
I have recently paid off everything on my credit report. My credit score is slowly creeping up. I, like a lot of people, screwed up my credit when I was younger and am paying for it now. My Scores range from 579 – 618. Can someone give me some feedback please?
Max Sola
I have recently paid off everything on my credit report. My credit score is slowly creeping up. I, like a lot of people, screwed up my credit when I was younger and am paying for it now. My Scores range from 579 – 618. Can someone give me some feedback please?
Max Sola
Monique B asked:
I have 11 charge-offs on my credit report for a group of student loans that charged off about 6 months ago. Will I ever be able to obtain a credit score of 620 or more if those remain on my credit? Is it even mathematically possible considering how the FICO is calculated? I have a reasonable credit card availability %, no mortgage, etc.
Romona Marinella
I have 11 charge-offs on my credit report for a group of student loans that charged off about 6 months ago. Will I ever be able to obtain a credit score of 620 or more if those remain on my credit? Is it even mathematically possible considering how the FICO is calculated? I have a reasonable credit card availability %, no mortgage, etc.
Romona Marinella