Archive for category Personal Finance
need a personal financial report forms. thanks?
Posted by admin in Personal Finance on October 15, 2010
simply, house value, business value, earnings,rental incom,bank and credit card infos,and stocks or mutual funds…etcs
Jill
Under the corporation we are trying to clean my credit before dec only two good accts open?
Posted by admin in Personal Finance on September 8, 2010
I am preparing myself to open a business under a corporation and have some of the money to pay off the delinquent accounts on my personal credit. After going over my reports i see 1 or two postive accounts the rest of course delinquent and some very small that i can pay now. The huge bills i got letters from the creditors to reduce half the price and i would like to pay some of them this month. . At the time i was barely making it for the delinquent accounts. . If i make arrangements with the creditors to delete them how will that raise the score and how soon? because i would like to try for a loan in december. Unfortunately the credit union ran my credit for a loan and of course that didn’t go through due to the delinquent accounts. . Wouldn’t i need to show proof of paying something to raise my score ? My car was already paid off two years ago but i guess the company did not report and i assumed in our xmas loans that we pay on time every year i was on the account but it only shows my husband! Under a new corporation the owners credit is also reviewed right? How can i raise my score before december? I already have the letters to prepared for the pay delete and the creditors addresses . Don’t mind paying now that i am able for the small to medium bills but i have to know which is the best way. I hoping my credit wont’ effect the corporation credit although the companies say other wise i am scared to go for a new credit card to get another ding on my credit.
Joann
“So. I can’t hire you cause you have bad credit, SORRY”. ARE YOU SERIOUS?
Posted by admin in Personal Finance on July 9, 2010
Wow!
I truly thank God I have a job right now! But am I the only one that is bothered by this? Please tell me.
Many employers are now starting to do credit checks on applicants and basing their hiring decision based on this!
First off with the poor economy many Americans are having a had time simply keeping up. Many have lost their jobs due to lay-offs. I don’t know about you but I can’t be with out a job for no more than 3 months.
READ THIS:
“Employers reviewing a credit report want to see that the applicant is financially stable, not overextended, and meeting his or her obligations in a responsible manner,” says Sam Davidson, customer service manager with Bills.com.
The credit information is important, Meschke adds, when comparing two applicants. “If, for example, an applicant reports a significant level of personal debt obligations or credit delinquencies that might distract that person from his/her job responsibilities, then a hiring entity may take that information into consideration when comparing such an applicant to another comparative candidate without such distractions.”
I feel that if you have bills to pay, this will motivate ANYONE to bust their A$$ and make that money. Do you agree? Even to be a Law enforcement officer! They would rather hire someone that has previous gang association than to hire someone with a fico score of under 600. Next they’ll start juding people that have experiance divorce cause they can’t consintrate on their work…. PLEASE!
We are all human and $hit happens. I realize that some people ARE irresponsible and spend more than what they can, but seriously… People need to work to survive and to be judged based on this especially with there difficult economic times is just not right.
PEACE!
YOU GOT IT FROGLADY!!!!! Jude me based on my criminal background and job performances! Sorry, But no matter how much I might me hurting financially I would NEVER steal! That is being judgmental and discriminating!!!!!!!
lol! Sorry… got emotional and spelled “Judge” wrong. hehe!
Jerry
Where can I get a legitimate personal loan?
Posted by admin in Personal Finance on June 25, 2010
I need a personal loan to pay off some bills. Most banks have denied me because my credit is only fair. Also a lot of them have stopped giving unsecured personal loans. What banks give loans a little bit easier than most? What companies are out there that I can get a legitimate loan from? Most of these companies are scams and are on ripoff report.com.
Chester
I want to fix my credit and I have questions about my report?
Posted by admin in Personal Finance on June 21, 2010
I have pulled my credit directly from all three reporting agencies and I want to start fixing my credit. I have a few questions about what is being placed on my credit.
1.) An acct I paid off reads paid, closed/ collection account – Is this what it is suppose to read and is that good?
2.) I had a car reposesed in Oct of 06. The original car loan was for about $15k, I paid approx $5k on the car before getting into trouble. I know they sold the car at an auction for about $6k. so I shoudl owe about $5k, plus some legal expenses. It is reporting Original Amount of $10,500, with a $7,120 is written off (whats that mean?) and a $0 balance as of 12/2006 (under recent balance) But last payment recieved was 12/06 for $5645. So I am confused on this debt and it is one of the things I want to really fix (as it is the highest debt and I want to buy a car in the future).
3.) A credit card I had about the same time I lost my card is reported on my report as Status: Transferred, closed/ account charged off. $311 Written off. Again, what does that mean? If this account has been sold to another creditor (as it states) why are they reporting the debt as well? Further down my report the other company is reporting the same debt, so i am getting a doubly whammy for the same acct.
4.) A company shows a recent payment on an account that I have NOT paid on. This is actualy the new company from question number 3. They show I made a payment of $675 this month, but I did not. Why would they say this?
5.) Why does only one company show my Balance History?
6.) I have inquiries on my report that I do not know how to explain (like an Attorney from Paul Law Offices in UT. I live in WA state and have not contacted an attorney for any reason. The inquiry was made 06/2008.
7.) I have a judgment against me from an old roommate for a phone bill she said I owe, the courts agreed because I could not show up (I was in hospital having a baby). I have paid this back to her and she has yet to report it to the courts that I paid it. What do I do, she wont answer my emails, phone calls, or Certified Letters asking her to let them know I paid it. Plus I was an idiot and didn’t keep a record of payment.
8.) I have a judgment from an apartment complex that I was evicted from and I want to pay this off. However now a days even if it is paid off you can not find an apartment to rent to you if you have an evictions (paid or not). How can I get a judgment removed from my credit? I read somewhere if you get the plaintiff to agree to it being removed they will, but is this true?
9.) Under my personal information I have tons of aliases. Mainly they are mis spellings of my last name, but it will report that mis spelling several times because they will add my middle name, or report last, first and then middle. Does this hurt my credit and how do I fix it. I have only had two last names, my maiden name and my now married name. My mothers name is listed as well as a name I am known to go by. Believe me this is not true and I would never want to be known as her.
10.) I moved a lot and does the number of addresses hurt your credit, some of the addresses are reported three or four times even though I have only lived there once.
11.) I have been told that my credit wont be repaired by paying opff certain debts. Many of these debts on my report are for under $100, to $300 and I can easily pay those off. Will it improve my score by doing this? Can I call these debt places and give my address to get statments and such so I know I am paying the correct agency? Are they required to send me a statment (I had a credit agency refuse to mail me a statment before)?
Do you have any other suggestions that may help me? I am not looking to get credit or anything like that, but here in the next two years I want to be able to buy a house and what not. My low low credit scores are hurting me and I want to fix it.
Kathryn
I need some advice with credit card?
Posted by admin in Personal Finance on February 19, 2010
I need advice on which cards to keep and which to close In total I have 7 Credit Cards I know for sure I want to close two of them out but would also like to know if I should do anything to the others
I have the following Cards,
Bank of America Platinum Plus, using $70 of 2,300, opened 06/07
Sears (Blue), using $350 of $1,100, opened 12/07
HSBC, 0 of $300, opened 03/08
Capital One, $100 of $750, opened 03/08
Sears MasterCard, 0 of $1,000, opened 07/08
Target, 0 of $200, opened 09/08
Sam’s Club Personal Credit, $70 of $500, opened 11/08
I also have a student loan out that deferred for $7,000
I plan to close out HSBC ( they wanted to charge $10 for a credit line increase of $100 they also have an annual fee and I think the most they will do is cut it in half) and Target because of their low credit limit and I really don’t shop at Target, just used it to get a 10% discount on some present for my mom. I don’t want to close out sears (blue) because I bought a TV on it and its interest deferred until august (I should have it paid of by april). Capital one is interest free for a year which is about to end, think I could get them to give me a good credit rate?
Do you have any suggestions for me I don’t want to open any more credit cards any time soon.
My credit score is a bit out of whack, credit companies Always report to the credit agencies when I have a high balance with them, which I think is unfair, hopefully I get lucky this upcomming report. Suggestions with that as well would be appreciated. Thank You very much for your suggestion.
P.S. I use Bank of America Privacy Assist to check my credit report it updates every 3 months. I still have money over from my student loan (I was going to use for a down payment on a car) should I use that money to pay off all the debt or should I continue doing it the way I am now, I made a budget off all my credit cards and I should have every thing paid off by february, except the sears card.
NELSON