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Posts Tagged Credit Score

Auto loan interest of 18% Help?

Jan 3

Posted by admin in Credit | No Comments

chessloser24 asked:


I purchased a car around 12600 (with a 1000 down payment included 1000-13600) with a credit score around 550. Americredit gave me an interest rate of 18%. Five months later my credit score is 646 and Im expecting it to raise around 669 early September (raises 20 to 24 points monthly). My question is should I wait a year to refinance? The car sales man told me that I shouldn’t refinance bad credit. Will applying to get my loan refinance lower my credit score? Will credit lenders prefer a year worth of on time payments on my credit history?. Will changing my creditor lower my credit score?

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Tags: Americredit, Auto Help, Auto Loan, bad credit, Credit History, Credit Score, Early September, Five Months, Interest Rate, Time Payments

How fast can I get my husband a credit score now that were buying a house?

Dec 31

Posted by admin in Credit | 3 Comments

Shree P asked:


I have good credit and I thought that since Im married that automatically that my h got the same credit score. So when we went to purchase the rental we are living in the Broker originally said that we would be fine as my h has a good government job hes been at for a few years now and I make about 1000 a month and my credit rating is good.

So now the broker tell us that we had a problem with a lender (shes still trying though with someone else) because there saying my h has no credit. Not bad credit just no credit so she says worse case scenerio is we would have to get a COSIGNER. I freaked.

So how can I get fast credit on his score? He doesnt even show up in the system because he has no credit. If I add him to me will he automaticlaly be the same credit as me? Please help.

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Tags: bad credit, Buying A House, Buying House, Cosigner, Credit Rating, Credit Score, Government Job, Scenerio, Worse Case

Can someone answer from experience please? How do they choose credit score between husband and wife?

Dec 27

Posted by admin in Personal Finance | 1 Comment

Expecting baby #1!!! asked:


I have seen SO many mixed answers on this site and I’d like to hear from either a mortgage lender, or someone who has recently been qualified for a loan. I have a credit score of 650 and my husband is 570. I know his is bad, and mine is fair, but I would like to know how they will decide? I make slightly more money and have seen answers that the primary breadwinner’s score is taken into account. I have also read that they average the 6 scores. Then I have heard that they take the lowest middle score. Which is true? We are trying to qualify for a RD Loan and most of our bad credit is due to student loans. We are paying our loans back and can easily continue to do so while affording mortgage payments as they are not much more than our current rent payments. Any help please? Thank you!

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Tags: bad credit, Breadwinner, Credit Score, Husband And Wife, Husband Wife, Money, Mortgage Lender, Mortgage Payments, Student Loans

Will you marry to somebody with credit problem?

Jul 29

Posted by admin in Marriage & Divorce | 16 Comments

simplylovely asked:


Fico score too low. Credit problem.
bad credit = character flaws?

How many of you agree with it?

I will never marry to someone with bad credit. Just wondering how many of you is with me on this one. Thank you

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Tags: bad credit, Character Flaws, Credit Problem, Credit Score, Fico Score

Jul 6

Posted by admin in bad credit articles | No Comments

Anaya asked:


Avoiding danger is no safer in the long run than utter exposure. The fearful are caught often as avoiding risk is nothing but making life devoid of challenges. All dividends you can reap from life depend upon how you handle your tough situations. Whether it is personal problems or the financial deficits, you have to take problems as steps towards prosperity to make life meaningful. A calm sea has never produced a successful sailor. Each day of life is a new beginning and a new canvas to paint upon. You should make sure that your picture is full of life and happiness, and at the end of the day you do not look at it and wish you had painted something different. In this picture you will never find a place for deficits and discontent.

Credit rating becomes blurred on the verge of default and arrears. When your credit score is poor, the chance of availing a new loan is also bleak. It is because of the fact that the lenders can not trust your credit worthiness. In the earlier years, loan availability to bad credit borrowers was considered as a negative investment and no lender was prepared to offer them loan plans. According to a survey, six out of every ten borrowers in the UK are now suffering from bad credit problems. Hence, these borrowers are no longer the neglected ones.

Bad credit loans are the outcome of the efforts made by lenders to grab the unexplored opportunities in the financial market. The lenders are now offering loan plans to the bad credit borrowers at a hiked interest rate. The hike in interest rate is not a big problem as the requirements of the borrower is fulfilled and once the loan plans are offered; there is a fair chance of improvement in borrower’s credit rating. These tailor made loan options are available with and without residential property.

Bad credit unsecured loans are the all purpose loan options for bad credit borrowers. These loans come with easy repayment options and a longer term (10 years) repayment period. The maximum amount a bad credit borrower can avail is 25,000 pounds and the borrower is free to spend the borrowed amount on any legally correct purpose.

E-lending has lessened the problems of the bad credit borrowers and the bad credit unsecured loans are now processed faster than ever. The online application is available and the borrower can use them to get rid of the lengthy paper work process.



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Tags: Bad Credit Unsecured Loans, Calm Sea, Credit Borrowers, Credit Rating, Credit Score, Credit Worthiness, Loan Options, Personal Problems, Purpose Loan, Residential Property

How can someone with bad credit get a Loan to purchase rural land?

May 30

Posted by admin in Renting & Real Estate | 4 Comments

Navy Seal Wife asked:


Single Mother, in a bad car accident several years ago…result bad credit from collection companies for unpaid medical bills

I want to buy two acres of land, I have no money for downpayment, can anyone point me to a lender that does lot land or land loans with a credit score of 549.

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Tags: Bad Car, Car Accident, Credit Score, Downpayment, Land Loans, Lot Loans, Money, Single Mother, Two Acres, Unpaid Medical Bills

Apr 29

Posted by admin in bad credit articles | No Comments

maria asked:


Signature loan is the category of loan in which you do not have to represent collateral with you. Your signature is like your collateral. Borrowers of bad credit history always go for bad credit signature loans. The loans are offered for a fixed period of time and it totally depends on the promise of the borrower to pay back the loans within the specific time. You can take signatures loans for any purpose either student loans, car loans etc. it is also called personal loan or unsecured loan. You can take signature loans for a fixed time. The amount which you can borrow from lenders is $10,000 but if the situation of the borrower matches the loans requirements then the borrower can manage to get as much $1500.

Time of repayment fixed on the basis of amount taken by borrower that means a 5 years typical repayment period for a signature loan with bad credit, if the vale of such score falls below 500, the credit score of a borrower can be declared as bad. In this loans risk for lenders is pretty much high so they demand for the high rate of interest. This high rate of interest is quite relaxing when you get money to solve urgent problem.

One of my good friends was in big trouble. She was in bad credit history. For her higher education she need money, then the right decision taken by her was going for bad credit signature loans. And now she has completed her studies and going to join in very good company. So in my view for any kind of work if you really need money in bad credit history go for bad credit signature loans.



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Tags: Bad Credit Signature Loans, Borrowers, Credit Score, Good Friends, Higher Education, Lenders, Personal Loan, Rate Of Interest, Repayment Period, Right Decision

Looking For RV Financing Bad Credit

Jan 16

Posted by admin in bad credit articles | No Comments

Devin Dozier asked:


Have bad credit just ruins everything. If you have bad credit you will know what this means. You are not able to get credit anywhere, as your credit score is just really bad. This means that you will not be able to buy anything on credit, and that, if you want to buy something, you have to save up for it. However, there are places that offer loans for people on bad credit, like with RV financing bad credit.

It is not always easy saving up for something you need in life. These days saving money at the end of the month is just not possible for many people. We may try, and we may want to but making ends meet at the end of the month is getting harder all the time.

This means that we cannot put money away for that rainy day that we all dread so much, and it means that you cannot by the things that we want to buy, because most of the time you will find that you salary just covers you monthly expenses and is enough to get you through the rest of the month.

This then means that we are all working from month to month, and most of us cannot even afford the essential thing in life, like home and car insurance.

But this is the way things are. If you are looking to buy something that you want and you are on bad credit, all you need to do is find a financial institution that is willing to back you.

Now, you may not think so, but there are places like this. They will back you even if you do have bad credit, because places like this believe that we all deserve a second chance, as the bad credit might have happened a long time ago.



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Tags: Credit Score, Dread, Insurance, Life These Days, Loans, Monthly Expenses, Rainy Day, Rv Financing, Saving Money, Second Chance

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