Posts Tagged Credit Report
!HELP! 24 YRS OLD, TRYING FOR PERSONAL LOAN THROUGH MY EMPLOYERS CREDIT UNION !HELP?
Lifequestions asked:
I am 24 years old, i gross about 70K per year, I will be getting married this summer. I am looking to get a personal loan through my employers credit union. I am not yet a member, i just checked my credit report today for the first time really. I have very little debt, about 375 dollars total. I have a currently open auto loan (5500 loan, co-signed by father) that has a balance of 1500 left and the loan term will be ending in 6 months, so i will have that paid off. However in the beginning of the loan i was late often by up to 30 days or more, i have not been late on my payments in the last 6 months. I have 3 negative reports on my credit and only one positive, one of the negatives has been there for 2 years and the other two have been there for 5 years. I will be paying off the 3 negative reports very soon. I am looking to get a $8000-10000 loan though the CU which i verified does provide personal loans at 15 % APR. sorry but i had to provide all the background, but my question is do you think i should settle the negative credit reports before i even become a member of the CU. ( will it make a difference?) Is it likely they will require another Co-signer? or will i likely be turned down? what can i do to help my chances of being able to get this loan by myself? any help is appreciated, i know i am paying for my mistakes when i was younger and more careless with my credit. I appreciate any constructive responses. thank you for your help!
i also forgot to mention I do have a son, my life expenses; Rent, Bills, expenses etc. take up most of the money I earn, but I would be able to afford the monthly payment for the loan. However if i could save the money (8K) in the time i need it i would but I calculated it and its really not possible.
Lydia
I am 24 years old, i gross about 70K per year, I will be getting married this summer. I am looking to get a personal loan through my employers credit union. I am not yet a member, i just checked my credit report today for the first time really. I have very little debt, about 375 dollars total. I have a currently open auto loan (5500 loan, co-signed by father) that has a balance of 1500 left and the loan term will be ending in 6 months, so i will have that paid off. However in the beginning of the loan i was late often by up to 30 days or more, i have not been late on my payments in the last 6 months. I have 3 negative reports on my credit and only one positive, one of the negatives has been there for 2 years and the other two have been there for 5 years. I will be paying off the 3 negative reports very soon. I am looking to get a $8000-10000 loan though the CU which i verified does provide personal loans at 15 % APR. sorry but i had to provide all the background, but my question is do you think i should settle the negative credit reports before i even become a member of the CU. ( will it make a difference?) Is it likely they will require another Co-signer? or will i likely be turned down? what can i do to help my chances of being able to get this loan by myself? any help is appreciated, i know i am paying for my mistakes when i was younger and more careless with my credit. I appreciate any constructive responses. thank you for your help!
i also forgot to mention I do have a son, my life expenses; Rent, Bills, expenses etc. take up most of the money I earn, but I would be able to afford the monthly payment for the loan. However if i could save the money (8K) in the time i need it i would but I calculated it and its really not possible.
Lydia
does your taxable income viewable on your credit report?
tiffany asked:
Hi,
I run a small business (selling stuff on the internet), but when i file my taxes. I file it as my personal income. Now I am wondering on my credit report under employment would it show me as unemployed? or self employed? and do creditors have any access to see how much I filed my taxable income as? (btw: this is for canada)
Nicholas
Hi,
I run a small business (selling stuff on the internet), but when i file my taxes. I file it as my personal income. Now I am wondering on my credit report under employment would it show me as unemployed? or self employed? and do creditors have any access to see how much I filed my taxable income as? (btw: this is for canada)
Nicholas
I applied for a job online and they asked me to do my own credit report and send it to them? Is this common?
Posted by admin in Other - Careers & Employment on February 21, 2011
Wendy G asked:
I applied for a job online, and when they wrote me back they asked ME to do my credit report print it out or send the information over to them once I recieved it. Is this done often? Or am I being had? Can they recieve personal information off of my credit report besides my credit score
of course i didnt do the credit report; OR send them any information. and obviously i have never heard of it before.. or i wouldnt be asking
Constance
I applied for a job online, and when they wrote me back they asked ME to do my credit report print it out or send the information over to them once I recieved it. Is this done often? Or am I being had? Can they recieve personal information off of my credit report besides my credit score
of course i didnt do the credit report; OR send them any information. and obviously i have never heard of it before.. or i wouldnt be asking
Constance
Credit Report – Your Personal Financial Profile
David T. Johnson asked:
A lot of people don’t know about their own credit report. Some people even don’t know that it even exists. Because of this, they tend to regularly neglect payments for their loans or their credit card bills. The result: a bad credit score. Basically, you have to remember that your score is your financial profile. It tells a lot about you financially and it is what determines whether creditors or lenders will approve you for the loan or the new credit card you applied for or not.
The credit report is what creditors take a look at in order to determine if you are risky to lend money to or not. This is what basically tells them that you are a good payer or you are a delinquent one. Even landlords take a look at their prospective tenant’s credit report to make sure that their future tenant will be able to pay the rent on time and also make sure that they will never run away in the middle of the night with payments worth 3 months rent.
As you can see, it is very important for you to make a good credit score by making a good credit report. Although the credit bureaus are the ones who make the report, you have to remember that they base the report on what you do financially.
In order to get a good credit report and a good credit score, you need to be able to make payments on or before the due date. By doing so, it will be recorded in the report and will have a positive impact on your credit score.
Basically, you alone are responsible on how your credit information will look like and how much credit score you have. If you are a good payer and you only made late payments once or twice, you will be able to get a positive report and score. In fact, if you are a good payer and you only have one late payment because of an unavoidable situation, then you can even have the negative report removed.
These are the things that you have to remember about credit report. It is your personal financial profile that you alone are responsible for making.
The better you pay off your credit card bills and your loans, the better your credit score will look like. So, you definitely need to take your repayments seriously. If a bill arrives, pay it off as soon as you can and never ever think about paying it off next week because you are lazy to get out of your couch and go to the bank. Your laziness may cost you your credit score and will give you a bad name in the eyes of your creditors.
These are the things that you need to remember about credit score, credit report and why it is very important for you to repay your bills on time.
However, there are times where your credit report might be bad even if you know you pay off your bills and loans on time. It may be caused by credit card fraud or it may be caused by mistakes made by the credit bureaus themselves. Just get a copy of your credit report and if you see any irregularities, dispute it, prove it and it will eventually clear up.
Your score is your financial profile. Always make sure that you have good credit in order for you to have more financial freedom by paying off your bills on time as well as constantly reviewing your credit report at least once a year.
Debra
A lot of people don’t know about their own credit report. Some people even don’t know that it even exists. Because of this, they tend to regularly neglect payments for their loans or their credit card bills. The result: a bad credit score. Basically, you have to remember that your score is your financial profile. It tells a lot about you financially and it is what determines whether creditors or lenders will approve you for the loan or the new credit card you applied for or not.
The credit report is what creditors take a look at in order to determine if you are risky to lend money to or not. This is what basically tells them that you are a good payer or you are a delinquent one. Even landlords take a look at their prospective tenant’s credit report to make sure that their future tenant will be able to pay the rent on time and also make sure that they will never run away in the middle of the night with payments worth 3 months rent.
As you can see, it is very important for you to make a good credit score by making a good credit report. Although the credit bureaus are the ones who make the report, you have to remember that they base the report on what you do financially.
In order to get a good credit report and a good credit score, you need to be able to make payments on or before the due date. By doing so, it will be recorded in the report and will have a positive impact on your credit score.
Basically, you alone are responsible on how your credit information will look like and how much credit score you have. If you are a good payer and you only made late payments once or twice, you will be able to get a positive report and score. In fact, if you are a good payer and you only have one late payment because of an unavoidable situation, then you can even have the negative report removed.
These are the things that you have to remember about credit report. It is your personal financial profile that you alone are responsible for making.
The better you pay off your credit card bills and your loans, the better your credit score will look like. So, you definitely need to take your repayments seriously. If a bill arrives, pay it off as soon as you can and never ever think about paying it off next week because you are lazy to get out of your couch and go to the bank. Your laziness may cost you your credit score and will give you a bad name in the eyes of your creditors.
These are the things that you need to remember about credit score, credit report and why it is very important for you to repay your bills on time.
However, there are times where your credit report might be bad even if you know you pay off your bills and loans on time. It may be caused by credit card fraud or it may be caused by mistakes made by the credit bureaus themselves. Just get a copy of your credit report and if you see any irregularities, dispute it, prove it and it will eventually clear up.
Your score is your financial profile. Always make sure that you have good credit in order for you to have more financial freedom by paying off your bills on time as well as constantly reviewing your credit report at least once a year.
Debra
Representative from an insurance company distributed personal information without permission?
Posted by admin in Law & Ethics on February 17, 2011
Miss Sarah asked:
A representative from an insurance company obtained my credit report, distributed my credit report, and disclosed personal financial information to a third party all without my permission. They also sent my credit report to a potential client of mine. What sort of action can be taken?
A representative from an insurance company obtained my credit report, distributed my credit report, and disclosed personal financial information to a third party all without my permission. They also sent my credit report to a potential client of mine. What sort of action can be taken?
Additional Details
The client has no interests in the company, the person was trying to cause defamation of my character in efforts to discredit me and steal the accounts for there self.
The faxed credit report was received through a unrelated company of this persons, which did not have a consent form.
Troy
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