Archive for category Credit
how can i get a personal loan without a bank account an bad credit?
Nichole asked:
i need a small prsonal loan to catch up my home bills how do i get approved without a bank account an bad credit reports
Julie
i need a small prsonal loan to catch up my home bills how do i get approved without a bank account an bad credit reports
Julie
How long Does my Credit History have to be?
Sub-Zero asked:
I’m trying to get a personal loan of $50,000 and I have a credit score of 704 and a history of five months, I have no negative counts on my report. But I keep getting turned down. Should I wait until I’ve reach a least one year in history? Thanks for any input.
Yolanda
I’m trying to get a personal loan of $50,000 and I have a credit score of 704 and a history of five months, I have no negative counts on my report. But I keep getting turned down. Should I wait until I’ve reach a least one year in history? Thanks for any input.
Yolanda
Will paying off an auto loan help my credit even though my credit card balances are high?
Rebecca asked:
To provide a little more information, my mother in law will be taking it over via a personal line of credit because the loan is taken out against her vehicle (we actually used the money to pay off some other debt). The balance is just under $10k and we still have another 32 months on the original 5 year term. So even though we’ll technically still owe her the money, as far as our credit report goes it will be an auto loan we paid off. We have 2-3 credit cards each (we’re married but not joint on any of the accounts) that are nearly maxed with really high interest. I’m wondering if getting the auto loan paid off will enable us to qualify for a lower interest high balance card where we could transfer these balances and pay the debt off in a reasonable amount of time. Any info is greatly appreciated!!!
Tracy
To provide a little more information, my mother in law will be taking it over via a personal line of credit because the loan is taken out against her vehicle (we actually used the money to pay off some other debt). The balance is just under $10k and we still have another 32 months on the original 5 year term. So even though we’ll technically still owe her the money, as far as our credit report goes it will be an auto loan we paid off. We have 2-3 credit cards each (we’re married but not joint on any of the accounts) that are nearly maxed with really high interest. I’m wondering if getting the auto loan paid off will enable us to qualify for a lower interest high balance card where we could transfer these balances and pay the debt off in a reasonable amount of time. Any info is greatly appreciated!!!
Tracy
How can I increase my credit score?
2blessed2bstressed asked:
I would like to increase my credit score. I don’t have any credit cards or personal loans. I do have $9,000 in student loans that I pay on every month. However I have an old telephone bill of $1,200 that has been turned over to collection and 5 medical bills that totals to about $5000 that is also in collection, which I’m currently making monthly payments on. I have no public records / no bankruptcy. Other than that I don’t have anything else on my credit report. My score is currently 583 and 576 for Experian and transunion. I know it takes time to increase, but what would you suggest to increase my score faster; I want to purchase a home in the next year or so.
Laurie
I would like to increase my credit score. I don’t have any credit cards or personal loans. I do have $9,000 in student loans that I pay on every month. However I have an old telephone bill of $1,200 that has been turned over to collection and 5 medical bills that totals to about $5000 that is also in collection, which I’m currently making monthly payments on. I have no public records / no bankruptcy. Other than that I don’t have anything else on my credit report. My score is currently 583 and 576 for Experian and transunion. I know it takes time to increase, but what would you suggest to increase my score faster; I want to purchase a home in the next year or so.
Laurie
Phantom debt? How could I be sure and what steps to I take?
PuzzledPink asked:
I am a responsible bill payer, never really had anything like this happen. I get a bill from a Sunrise Credit Services representing t-mobile saying I owe $259.61. I have no recollection of this bill nor was I ever contacted by t-mobile. I have not been a member of t-mobile for about a year or two so I know this is really weird. I get a notice saying I only have 10 days before the debt gets reported to my personal credit report with national credit bureaus. I NEVER RECEIVED PRIOR CORRESPONDENCE to even have been able to request for validation or dispute the debt. I never got a FIRST notice. How do I go about proving I do not owe this? Or, how do I verify that I do actually owe this? I do not have my final t-mobile statement anymore. I’ve paid the final bill plus the early termination fee prior to switching carriers.
Letter: (dated 07/14/09, received 07/19/09)
Our client has asked us to collect this debt. We have tried repeatedly to to so but with no success. (FALSE!!!) Our client has now asked us to report this debt to your personal credit report with a national credit bureau.
I am a responsible bill payer, never really had anything like this happen. I get a bill from a Sunrise Credit Services representing t-mobile saying I owe $259.61. I have no recollection of this bill nor was I ever contacted by t-mobile. I have not been a member of t-mobile for about a year or two so I know this is really weird. I get a notice saying I only have 10 days before the debt gets reported to my personal credit report with national credit bureaus. I NEVER RECEIVED PRIOR CORRESPONDENCE to even have been able to request for validation or dispute the debt. I never got a FIRST notice. How do I go about proving I do not owe this? Or, how do I verify that I do actually owe this? I do not have my final t-mobile statement anymore. I’ve paid the final bill plus the early termination fee prior to switching carriers.
Letter: (dated 07/14/09, received 07/19/09)
Our client has asked us to collect this debt. We have tried repeatedly to to so but with no success. (FALSE!!!) Our client has now asked us to report this debt to your personal credit report with a national credit bureau.
We will be reporting this debt to one or more of the national credit bureaus on or about 07-24-09. The only way this process can be stopped is by your action. You need to pay this amount in full immediately.
Banks, mortgage brokers, credit card companies, auto dealers and all major retailers look to your personal credit profile to make decisions whether to lend you money. You are jeopardizing your basic right to credit.
Your future credit is in your hands now! Don’t take this lightly. Don’t make a mistake that you’ll have to live with in the future. Pay this debt today!
Wilma
How does co-signing 4 a loan affect my credit?
KevinStud99 asked:
A few years ago I co-signed for one of my sister’s medical school loans, as I was the only one left in the family with good credit! It’s in good standing, everything’s cool, but there is this nearly 30K Sallie Mae loan on my credit reports, indicated as “joint responsibility”. That alone equals half my yearly income. Does this co-signed student loan have the same impact as if I alone simply had a 30K personal debt on my report? Anyone know how much that might detract from my credit score? It’ll be there for 15 years!
BTW I know that I’m responsible for the debt if my sister doesn’t pay it, but she’s utterly reliable and I couldn’t exactly let my sister be forced out of her final semester of med school for lack of funds could I? She is now finishing her residency and is a few months away from commanding a hefty 6-figure income.
Gail
A few years ago I co-signed for one of my sister’s medical school loans, as I was the only one left in the family with good credit! It’s in good standing, everything’s cool, but there is this nearly 30K Sallie Mae loan on my credit reports, indicated as “joint responsibility”. That alone equals half my yearly income. Does this co-signed student loan have the same impact as if I alone simply had a 30K personal debt on my report? Anyone know how much that might detract from my credit score? It’ll be there for 15 years!
BTW I know that I’m responsible for the debt if my sister doesn’t pay it, but she’s utterly reliable and I couldn’t exactly let my sister be forced out of her final semester of med school for lack of funds could I? She is now finishing her residency and is a few months away from commanding a hefty 6-figure income.
Gail