I have tried applying for loans and cards. How can I fix my credit?
Question by ravenous_person: I have tried applying for loans and cards. How can I fix my credit?
I’m gonna get a Verizon phone, will a cell phone fix the bad credit I have? The loan I applied for said I had “no established credit” But I did have something in collections. It is listed as Paid.
Best answer:
Answer by Cold
Cell phone do not report your payments to the credit bureaus.
Therefore they do not bring any benefit to your credit.
Consider getting a secured card.
You drop about $ 500 to $ 1,000 into an account and get a debit card to use against it.
Replace the money in full each month – no games.
Only a small percentage of these cards are turning into credit cards.
People that get them usually have bad credit, and can’t seem to be able to pay in full each month for what they use.
Use it wisely – it will reward you with good credit in a couple of years…
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Q&A: can i get my credit score up if its REALLY low?
Question by : can i get my credit score up if its REALLY low?
Like if I overdrafted my bank never payed them then would my credit score go down? im 16 my mother is also on the account would my credit get ruined before i was 18? if so how do i get it up like can you actually get your credit score up? is it hard?
Best answer:
Answer by Johnny A
Dude especially now it’s hard because the banks aren’t lending that much, but it’s possible to get a joint credit card with your mother as a co-signer, like a student visa credit card. Your mom is joint on your bank account so if you overdraft your card, she pays for it or it messes up her credit. Same goes if you get a co-sign credit card. You might be able to get a credit card if you have a part time job, it’s known sometimes as a signature line of credit. If you owe money under your name, your only credit will be bad credit. Bad credit doesn’t drop below a score of like 400 i think. Good credit is around 700. Very good is 800+. Right now if you did a credit report with nothing negative like money owed to banks, or have a credit card or car, or loans, you would have what they call a “thin record” or “no data or score” Hope that makes sense. There are also 3 major credit beaureus that banks and collections report payments to Transunion, Experion, and Equifax.
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My credit score is 737. What should i expect for an APR on a new car?
Question by syrendyr: My credit score is 737. What should i expect for an APR on a new car?
i’m looking for a 2010 SUV and I don’t want to have anyone run my credit and ding it before am 100% about what i want to get.
Also: What is a good SUV for gas mileage?
Best answer:
Answer by Toni
Is that a FICO score? If so that is a great score.
From Money Magazine.
Scores higher than 740 to 760 are really not necessary.
You will get the best rates with these.
You are so close.
Make sure any credit card you have is paid in full each month to bring that score up.
Or at least make sure you are not using more than 30% of your available credit limit.
Carrying balances on credit cards can easily damage ratings.
There are some poeople out there with scores of 800 just with credit cards – it can be done.
Credit.com Credit Score Calculator
Fico Score Estimator.
You must pay in full each month for those top scores.
Note: Many experts on CNBC are predicting gas to hit $ 4 a gallon this summer – some $ 5 a gallon.
These are professionals that study the markets day in and day out.
We just bought a little cheap new car because we know this is coming and things are going to get rough, very rough. Please ponder this just for a few minutes – the future could be bad, very bad when it comes to gas prices…
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Q&A: is there somewhere online that i can just check my credit score not my credit report?
Question by macgrl80: is there somewhere online that i can just check my credit score not my credit report?
i dont want to sign up for anything that is a free trial either i had problems with that before. i don’t mind paying for it but i want it to be a one time only charge
Best answer:
Answer by ESweetPea
No, not really.
They’ll give you the credit report for free, but what you’re looking for is a “beacon score” or FICO score or something like that.
For that, they generally charge, like, 8 bucks or something.
It’s kind of a scam, but whatever.
They know the score is what you really want to know, so they either make you sign up for something or pay them or do something so they get paid.
Free report, yes.
Free score, doubt it.
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Q&A: how are points determined on your credt report?
Question by Callie_Peach: how are points determined on your credt report?
I recently disputed and begin to settle and pay off things on my credit report how can i find out how much my score will go up?
Best answer:
Answer by savc_port
It will take is up to 6 months for your FICO score to go up if you just paid off all your bills. Now if you have been staying on top of your bills and paid them when you was suppose, then your score will go up in 3 months.
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Categories: Credit Score Questions Tags: answer, Best, Credt, determined, Points, question, Report
What happens when credit is used for a debit card?
Question by CGYN3: What happens when credit is used for a debit card?
Meaning, if I’m at a store and I’m using my debit card, and the cashier says “Debit or Credit?”
And I say/push credit even though I’m using my debit card what will happen?
Best answer:
Answer by HumptyMomma
Other than the obvious…you will sign the receipt instead of entering your pin number…
Specifying ‘credit’ is always more secure. I’m not 100% on the reason why that is, but I know that it is most often the truth.
Also…many banks offer extra ‘rewards’ when you swipe it as credit versus debit. You are encouraged to do so.
…yet, it is habit for me to always say ‘debit’. Unless I’m usin my husbands card…which I always forget the pin number to…so I say ‘credit’ and sign.
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Does it make sense that my lack of credit affects a car loan?
Question by redsxgal32: Does it make sense that my lack of credit affects a car loan?
I am 23 years old and I applied for a loan yesterday to buy a new car. My credit score is 749 and I was refused the loan becuase of my “lack of credit.” Most items on my report are less than 3 years old, but I thought that was taken into account on your credit score. I was just wondering if this makes sense.
Best answer:
Answer by Bharris44
Unfortunately, credit agencies only like to loan money to people with long, clean credit histories. Join a credit union and get a car loan through them. They are the most friendly for loans. You won’t get a great rate because of your short history, but you will most-likely get the loan, and the rate will be better than other agencies.
Keep your credit spotless, and once you’ve paid on it for a year or so, ask to refinance at a lower rate.
The other option is to get a co-signer who is older and has a good credit rating, but it’s best to get credit in your name only so that you won’t have this problem in the future.
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How can I get a credit card?
Question by antoniodab: How can I get a credit card?
I am 18 and a college student. I applied for a Chase student credit card but was denied becauseof my lack of credit history. My Chase bank told me I should get a gas card or a department store credit card. I applied for a Walmart credit card but was denied that also.
How can I build my credit history if they wont let me have a credit card?
Best answer:
Answer by StephenWeinstein
First, stop applying, immediately. Now, you have a history of applying, which is worse than having no history at all.
Second, get a “secured” credit card, which is the one type that you might be able to get when you are 18 and have no history, except for a history of applying.
After you have had the “secured” credit card long enough to have a credit history, and you have gone more than a year without applying for any cards, then you might be able to qualify for a credit card. (As long as you continue to apply as often as you are applying now, you will never qualify. You may also never qualify if you do not get a secured credit card first.)
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Categories: Credit Score Questions Tags: answer, Best, Card, Credit, credit card, question
How can you get an actual free credit report off the internet if you dont own a credit card?
Question by Robert S: How can you get an actual free credit report off the internet if you dont own a credit card?
Best answer:
Answer by Steve P
Go to the Federal Trade Commission website. By law, you are entitled to one free report each 12 months. You’ll set up a user ID and a password. The report won’t give you “scores”, but it will show accounts, histories, inquires, etc. Just look for errors, and seek to correct incorrect information. You can’t remove factual history, just work to let it age-off.
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what happens if you settle your debt will it affect credit score?
Question by h.p: what happens if you settle your debt will it affect credit score?
how bad it will be?
Best answer:
Answer by victor c
A debt settlement will actually improve your credit. Having a lot of debt typically hurts most people’s credit because it gives them an exceptionally high debt-to-income ratio and debt-to-credit ratio. Inversely, a debt settlement, which manifests in a debt elimination, lowers and brings both the debt-to-income ratio and debt-to-credit ratio to a positive standing.
According to Fair Isaac corporation, which created the FICO credit scoring model, the “debt-to-credit” ratio makes up roughly 30 percent of the consumer credit score. So, obviously a debt settlement (a.k.a. debt negotiation) will improve your credit.
In addition to being able to improve your physical credit score, hiring a debt negotiation specialist to settle your debt can give you added credit benefits. It also makes you look more creditworthy than previously showing a whopping sum of debt and high debt to credit balances. Keep in mind that creditors are more concerned about debtors that owe a lot and can’t seem to reasonably pay off their debts than if you’re presently debt-free, yet had a checkered credit history.
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Categories: Credit Score Questions Tags: affect, answer, Best, Credit, Debt, happens, Score, Settlement