Posts Tagged Line Of Credit
Questions about my credit?
Eric Z asked:
I have never had a line of credit. With this said, the only thing on my credit report is negetive. The amount showed that I owe is $2,201(12 accounts) in debts. I just recently paid off $1,400 (10 accounts). I have about $800 (2 accounts) left to pay. With my fathers help I opened a credit card in my name and he also verified me as an authorized user on one of his credit cards. Right now 2 of the credit bureau’s don’t even give me a score, the other one gives me a 458. My question is how long will it take if I make all my payments on time for my credit to go up about 100 points? Also my father is willing to co- sign for a personal loan to help my credit. Should I do that? or is that to many lines of credit?
Lucille
I have never had a line of credit. With this said, the only thing on my credit report is negetive. The amount showed that I owe is $2,201(12 accounts) in debts. I just recently paid off $1,400 (10 accounts). I have about $800 (2 accounts) left to pay. With my fathers help I opened a credit card in my name and he also verified me as an authorized user on one of his credit cards. Right now 2 of the credit bureau’s don’t even give me a score, the other one gives me a 458. My question is how long will it take if I make all my payments on time for my credit to go up about 100 points? Also my father is willing to co- sign for a personal loan to help my credit. Should I do that? or is that to many lines of credit?
Lucille
is it easier with poor credit to get a?
mandrin4200 asked:
line of credit or personal loan..i know its probably hard to get both with poor credit but which is better, i have paid off all the bad things on my credit report now just waiting for letters and score to rise. any info would be helpful
GUADALUPE
line of credit or personal loan..i know its probably hard to get both with poor credit but which is better, i have paid off all the bad things on my credit report now just waiting for letters and score to rise. any info would be helpful
GUADALUPE
Will closing a line of credit before it is paid look bad on my credit report?
Andrea asked:
I have a line of credit through Bank of America. I was told it was a personal loan and the balance would go down each month. (I had consolidated 3 credit cards). I just found out it is technically called a line of credit and the interest is 23%! I am going to be applying for a mortgage soon and I know it looks like “potential debt” and that looks negative. But, is it worse to have the account closed and still be paying it off, or to pay it off then close it?
Kansieo.com
I have a line of credit through Bank of America. I was told it was a personal loan and the balance would go down each month. (I had consolidated 3 credit cards). I just found out it is technically called a line of credit and the interest is 23%! I am going to be applying for a mortgage soon and I know it looks like “potential debt” and that looks negative. But, is it worse to have the account closed and still be paying it off, or to pay it off then close it?
Kansieo.com