Posts Tagged Credit Cards
how do i re establish bad credit?
kburgess612 asked:
i have previous closed accounts, charged off, taken to collections, delinquent, and finally paid. there are about 5 credits all the same, will not be taken off until 5 years. they were minimum amounts between 200-500 each. i have a student loan i pay on time each month. i get denied for credit when i apply for my bank (wells fargo) personal loans and credit cards. i do not want to be in more debt since i finally got all of those delinquent accounts paid off now. how do i re establish credit, all i get is denied, and i need money for a loan someday soon. is a secured credit card through the bank the way to go? is there any other ways to re establish my credit or help my credit report/score? if a secured card is the way to go, explain to me how it works, i understand you put down a minimum deposit. what i dont understand is you make monthly payments, but if its YOUR deposit, why would you OWE anything?
Kim
i have previous closed accounts, charged off, taken to collections, delinquent, and finally paid. there are about 5 credits all the same, will not be taken off until 5 years. they were minimum amounts between 200-500 each. i have a student loan i pay on time each month. i get denied for credit when i apply for my bank (wells fargo) personal loans and credit cards. i do not want to be in more debt since i finally got all of those delinquent accounts paid off now. how do i re establish credit, all i get is denied, and i need money for a loan someday soon. is a secured credit card through the bank the way to go? is there any other ways to re establish my credit or help my credit report/score? if a secured card is the way to go, explain to me how it works, i understand you put down a minimum deposit. what i dont understand is you make monthly payments, but if its YOUR deposit, why would you OWE anything?
Kim
Don’t Pay For Your Free Personal Credit Report
Tim Parker asked:
All over the Internet, advertised on TV and radio, and saturating magazines are reports for services that will help you obtain your free personal credit report. Here’s the bottom line: Although I don’t have personal experience with these services, if they are charging you fees, they are banking on the fact that you don’t know that you can get it for free.
As you probably know, you are entitled to view your free personal credit report from the three reporting agencies for free once every 12 months. Notice that I said, FOR FREE three times. You don’t have to pay anything if you view it online. It’s extremely easy to obtain but you don’t do it by going to one of those advertised sites. Instead you go to a site that isn’t advertised. It’s the official site to get your free credit report called Annualcreditreport.com.
The process is very easy. Go to the above site, select your state and answer the questions. Select all three credit reporting agencies and get each report. Make sure to print each report and go over it with a fine tooth comb. If you see any errors, go to each reporting agency’s website and follow the instructions to dispute the misinformation.
While you may be tempted to close out your unused credit cards that have been sitting idle, the credit experts recommend not closing these accounts. Apparently it is better for your credit score to keep these accounts open By closing your cards, it decreases the amount of credit available to you which increases your debt load. Also, keep track of your FICO score. Your FICO score is what qualifies you for a loan and sometimes a job.
The most important thing to take from this article is this: Do not pay for your FREE personal credit reports. It’s quick, it’s painless, and it’s free when you go to the site that is set up by the government.
Philip
All over the Internet, advertised on TV and radio, and saturating magazines are reports for services that will help you obtain your free personal credit report. Here’s the bottom line: Although I don’t have personal experience with these services, if they are charging you fees, they are banking on the fact that you don’t know that you can get it for free.
As you probably know, you are entitled to view your free personal credit report from the three reporting agencies for free once every 12 months. Notice that I said, FOR FREE three times. You don’t have to pay anything if you view it online. It’s extremely easy to obtain but you don’t do it by going to one of those advertised sites. Instead you go to a site that isn’t advertised. It’s the official site to get your free credit report called Annualcreditreport.com.
The process is very easy. Go to the above site, select your state and answer the questions. Select all three credit reporting agencies and get each report. Make sure to print each report and go over it with a fine tooth comb. If you see any errors, go to each reporting agency’s website and follow the instructions to dispute the misinformation.
While you may be tempted to close out your unused credit cards that have been sitting idle, the credit experts recommend not closing these accounts. Apparently it is better for your credit score to keep these accounts open By closing your cards, it decreases the amount of credit available to you which increases your debt load. Also, keep track of your FICO score. Your FICO score is what qualifies you for a loan and sometimes a job.
The most important thing to take from this article is this: Do not pay for your FREE personal credit reports. It’s quick, it’s painless, and it’s free when you go to the site that is set up by the government.
Philip
Experian Personal Credit Report – Phone and Address
Hector Milla asked:
Many consumers know that they have a credit score that is used to calculate what kind of car loan they are qualified to obtain. However, a great many also don’t know that this figure is formulated from their credit history and is basically a composite number — the average of all 3 credit reporting bureaus. These firms all employ a unique algorithm to determine a 3 digit number between 350 and 800. As the number goes higher on the scale, a consumers ratings goes up as well. That is why there are more advertisements in the media, advising people to obtain a free personal credit report. By obtaining this document and analyzing it thoroughly it is possible to find erroneous data that has been reported about their finances.
One of the 3 main credit reporting bureaus is Experian. Their toll free contact number is 1 888 397 3742, and contact mailing address is Experian, PO Box 2002, Allen, TX 75013. Both of these methods are valid ways to obtain a copy of your own personal payment history. This company also advises consumers to order this once per calendar year. There are a number of simple ways to improve this rating, including paying all bills online if possible. In this way, a statement or payment can’t get lost in the mail and the charges are deducted straight from the bank account. There are no bounced checks or waiting for them to clear.
The most important part of any credit score calculation is how many late or missed payments are made by a consumer. These make up about 1/3 of the total and will stay on the report for 7 years, even if there are no other items for this length of time. Only time will fix this problem, not a financial service that promises a quick end to those financial hardships.
As the credit score increases, a consumer is able to get lower interest rates and credit cards with lower annual fees. These 2 perks are reserved for customers who are a good risk. That is, the companies offering their credit services are betting on the fact that these people pay on time, every time. This is why it is important to stay within a budget and pay bills on time. By establishing, and maintaining a good payment history, most people can get exactly what they want out of their life.
Stacy
Many consumers know that they have a credit score that is used to calculate what kind of car loan they are qualified to obtain. However, a great many also don’t know that this figure is formulated from their credit history and is basically a composite number — the average of all 3 credit reporting bureaus. These firms all employ a unique algorithm to determine a 3 digit number between 350 and 800. As the number goes higher on the scale, a consumers ratings goes up as well. That is why there are more advertisements in the media, advising people to obtain a free personal credit report. By obtaining this document and analyzing it thoroughly it is possible to find erroneous data that has been reported about their finances.
One of the 3 main credit reporting bureaus is Experian. Their toll free contact number is 1 888 397 3742, and contact mailing address is Experian, PO Box 2002, Allen, TX 75013. Both of these methods are valid ways to obtain a copy of your own personal payment history. This company also advises consumers to order this once per calendar year. There are a number of simple ways to improve this rating, including paying all bills online if possible. In this way, a statement or payment can’t get lost in the mail and the charges are deducted straight from the bank account. There are no bounced checks or waiting for them to clear.
The most important part of any credit score calculation is how many late or missed payments are made by a consumer. These make up about 1/3 of the total and will stay on the report for 7 years, even if there are no other items for this length of time. Only time will fix this problem, not a financial service that promises a quick end to those financial hardships.
As the credit score increases, a consumer is able to get lower interest rates and credit cards with lower annual fees. These 2 perks are reserved for customers who are a good risk. That is, the companies offering their credit services are betting on the fact that these people pay on time, every time. This is why it is important to stay within a budget and pay bills on time. By establishing, and maintaining a good payment history, most people can get exactly what they want out of their life.
Stacy
TransUnion Personal Credit Report Phone and Related Information
Hector Milla asked:
With credit card agencies fluffing up their marketing strategies to encourage sign up and identity thieves stealing those same offers out of trash bins it’s a wonder anyone has any credit anymore. We all know who the credit reporting agencies are, but seldom take the chance to contact them until it’s too late.
TransUnion is one of the three most notable credit reporting agencies in the country. For more than 30 years they have dedicated themselves to helping consumers across five continents to collect and review the information necessary to build a strong financial foundation.
However, there is only so much the agency can do on its own. It’s up to the individual to obtain a copy of their credit report at least once a year to check for inaccuracies. This ensures that the information that has been assigned to you is truly yours. By going to TransUnion’s website you can perform a variety of activities to not only check your report, but enhance the services that you receive from the agency.
To obtain your free yearly copy of your report:
Call toll free: 1- 800- 888- 4213
Make your request online or download the form and mail it in.
One thing many parents forget is that once their child receives a social security number, they are open to identity theft as well. While you are checking your own credit, take a look at theirs too. Make sure your child does not become a victim of identity theft:
Call toll free: 1- 800- 680- 7289
TransUnion Fraud Victim Assistance Department
P.O. Box 6790
Fullerton, CA 92834
It really is important to opt out of those prescreened marketing campaigns made by credit card companies. Mainly is because we fail to dispose of them properly by shredding or otherwise obscuring the validation codes on the offers. These numbers give thieves the opportunity to open up credit cards in your name.
Call toll free: 1- 888- 567- 8688
TransUnion Name Removal Option
P.O. Box 505
Woodlyn, PA 19094
It can take years to recover from the financial devastation created when someone steals your identity. As stated before TransUnion can only do so much from its end to protect you. From there it is up to you as the individual consumer to be sure that there is not someone in Texas claiming to be you as they purchase that $45,000 boat.
Rebecca
With credit card agencies fluffing up their marketing strategies to encourage sign up and identity thieves stealing those same offers out of trash bins it’s a wonder anyone has any credit anymore. We all know who the credit reporting agencies are, but seldom take the chance to contact them until it’s too late.
TransUnion is one of the three most notable credit reporting agencies in the country. For more than 30 years they have dedicated themselves to helping consumers across five continents to collect and review the information necessary to build a strong financial foundation.
However, there is only so much the agency can do on its own. It’s up to the individual to obtain a copy of their credit report at least once a year to check for inaccuracies. This ensures that the information that has been assigned to you is truly yours. By going to TransUnion’s website you can perform a variety of activities to not only check your report, but enhance the services that you receive from the agency.
To obtain your free yearly copy of your report:
Call toll free: 1- 800- 888- 4213
Make your request online or download the form and mail it in.
One thing many parents forget is that once their child receives a social security number, they are open to identity theft as well. While you are checking your own credit, take a look at theirs too. Make sure your child does not become a victim of identity theft:
Call toll free: 1- 800- 680- 7289
TransUnion Fraud Victim Assistance Department
P.O. Box 6790
Fullerton, CA 92834
It really is important to opt out of those prescreened marketing campaigns made by credit card companies. Mainly is because we fail to dispose of them properly by shredding or otherwise obscuring the validation codes on the offers. These numbers give thieves the opportunity to open up credit cards in your name.
Call toll free: 1- 888- 567- 8688
TransUnion Name Removal Option
P.O. Box 505
Woodlyn, PA 19094
It can take years to recover from the financial devastation created when someone steals your identity. As stated before TransUnion can only do so much from its end to protect you. From there it is up to you as the individual consumer to be sure that there is not someone in Texas claiming to be you as they purchase that $45,000 boat.
Rebecca
What can be shared between family credit reports?
rnizlek asked:
I have two credit cards, of which I am the only holder and the individual responsible for making payments. I also have two credit cards which are held by each of my parents, on which I am considered an “authorized user.” On those accounts, my parents each have one card in their name, and I have a second card, but it is an individual (not a joint) account in my parent’s name (my name is only on the cards). On my credit report, my cards show, as well as each of my parents cards, where I’m listed as an “authorized user.” My question is, will my personal cards, of which I am the only user and there are no other cardholders, show on my parent’s credit report? Or are they exclusively on my credit report? Thanks!
Dolores
I have two credit cards, of which I am the only holder and the individual responsible for making payments. I also have two credit cards which are held by each of my parents, on which I am considered an “authorized user.” On those accounts, my parents each have one card in their name, and I have a second card, but it is an individual (not a joint) account in my parent’s name (my name is only on the cards). On my credit report, my cards show, as well as each of my parents cards, where I’m listed as an “authorized user.” My question is, will my personal cards, of which I am the only user and there are no other cardholders, show on my parent’s credit report? Or are they exclusively on my credit report? Thanks!
Dolores
Can you help me get out of my massive credit card debt?
Nick asked:
I have about 7500 in credit card debt. I know this may not seem like a lot to some people, but I’m only 24 and I bought a truck that I probably shouldn’t have and the payments on that are what’s killing me. I’ve decided that the last thing I want to do is get rid of the truck. I have fallen behind on some of my payments and am acquiring late fees and higher interest rates, and my credit is being shot to hell in a hurry. I have applied for several personal loans to pay off my credit cards and get one lower monthly payment, but I’ve been denied every time because of my poor credit. I don’t really want to go through a credit counseling service yet, because that shows up on my credit report and will further reduce my score. I have worked thorugh my budget with a fine tooth comb and I’ve done calcualting with differnt loan terms/interest rates/etc. and I know I can afford one, but how do I get one? Any advice you can give would be greatly appreciated.
I would appreciate worthwhile answers only, please. I’ve only had the truck since March, so my loan would be way upside down, and with my credit what it is now, I wouldn’t get anything reliable for the loan I’d get.
April
I have about 7500 in credit card debt. I know this may not seem like a lot to some people, but I’m only 24 and I bought a truck that I probably shouldn’t have and the payments on that are what’s killing me. I’ve decided that the last thing I want to do is get rid of the truck. I have fallen behind on some of my payments and am acquiring late fees and higher interest rates, and my credit is being shot to hell in a hurry. I have applied for several personal loans to pay off my credit cards and get one lower monthly payment, but I’ve been denied every time because of my poor credit. I don’t really want to go through a credit counseling service yet, because that shows up on my credit report and will further reduce my score. I have worked thorugh my budget with a fine tooth comb and I’ve done calcualting with differnt loan terms/interest rates/etc. and I know I can afford one, but how do I get one? Any advice you can give would be greatly appreciated.
I would appreciate worthwhile answers only, please. I’ve only had the truck since March, so my loan would be way upside down, and with my credit what it is now, I wouldn’t get anything reliable for the loan I’d get.
April