If I seek help for debt consolidation, will it affect my credit score?
If there%26#039;s no credit check, your credit score is not affected.
Get valuable tips on debt consolidation from http://moneymentor.cashmatter.... . It%26#039;s a very useful website. Report It
Get valuable tips on debt consolidation from http://moneymentor.cashmatter.info . It%26#039;s a very useful website.
I recently got my student refund money from school for this semester on September 5 and I paid off all of the debt that me and my husband owe on September 6(about $6,000 worth). We are trying to buy a house, but in order to achieve that goal our credit score has to be 50 points higher than what it is already to even get approved for a loan. We pay our bills on time and now we don%26#039;t have any debt. When will we see our credit score raise drastically, or what are some tips to speed up the process?
Your on the right path, just pay your bills on time, don%26#039;t miss a deadline, and you should see your credit rating soar!
www.gacsolutions.com :) fill out the form and say Kyle Gilbert referred you! :) We can help you!
You can raise your credit score.
First you have to learn how to eliminate bad spotd from your credit.
You can do it yourself or take help from experts.
Here are some tips How to Evaluate and Raise Your Credit Score
http://fhurl.com/b1420
Best of luck
If you paid off the debts prior to the debtors reporting to the credit bureaus, then your credit score will jump drastically. My credit score jumped 45 points, when I did this to buy my house.
i think that the below website will help you to raise your credit score.
A loan officer should be able to do a rapid rescore if you are in that much of a hurry
The most unscrupulous company in the world, Dropship Design (NEVER work with them), sent a collection agency after me to collect $80, one year after I closed my account with them.
I sent in the papers to dispute. Unfortunately, the collection agency %26quot;never got them%26quot;, and so now it%26#039;s been posted to my otherwise pristine credit score, basically wrecking it.
I%26#039;m down more than 100 points.
Please help! I%26#039;m screwed!
You can dispute the report by sending the papers directly to the credit reporting companies as proof that it is a mistake and they will withdraw.
Take a look at the links below. Should give you what you need:
http://www.kiplinger.com/basics/archives...
http://www.bankrate.com/brm/news/credit-... - Gives you the web sites, numbers ect for the three reporting bureaus.
Hope this helps.
I%26#039;m an expert on this, I would suggest you take a tour here,there are expert%26#039;s tips there.http://credit-score.onlinebestoffer.info...
I am trying to research refinancing cars to see if it%26#039;ll be beneficial for me to do so
I have a 2005 Nissan Altima and paying 16% interest
My credit score has improved some since August 2006 when I purchased it ~ it%26#039;s now 620-630 which still need improvement
What other factors do I need to look at as well
Your credit score is number one, but some of the other things considered are:
1. what your car is worth versus what you have left on the loans
2. Your debt versus your income -- if you owe too much on your house, other regular bills, etc., the lenders will wonder if you can pay the loan
3. If you%26#039;re in the military, or have immediate family who is, you can get some great rates
And if you go to a lender finding service like RateGenius.com or MyAutoLoan.com they take your applications out to many lenders. It saves you time and how many people look at your credit report.
Refinancing your auto loan can also help your credit score too ... it looks as though you are paying off good debt and taking on more. Just trust me, it%26#039;s good.
for score 630 , you can go to any credit unions and they give you less than 11% interested loans..,
Try DCU.org online for a quote
At 16%, it will certainly be beneficial for you to do so. Although, make sure there are no early payment penalties. Your Beacon score is pretty low, but I don%26#039;t think low enough to warrant a 16% rate.
The financial institution will look at the black book value, how much you still owe, Beacon score, income, etc. to determine what rate you should get.
Try different banks, rate shop. I would also suggest trying a few credit unions in your area as they have historically been known to give more reasonable rates.
Besides your credit score, refinancing companies also go by the mileage, work history ( how long are you in your present job), your income, other loans and some check your other expenses.
Good luck. Try your bank first.
Trying different banks may hurt credit score
I bought one at equifax for 10 bucks, all that came with it was two score updates to be used at your will and one score update that pops up the minute it changes.
Is there anywhere I can buy a credit score that last for a year that reflects your actual changes for a set price, rather then 12 bucks a month kind of deal?
I%26#039;m not sure what you%26#039;re trying to accomplish here, but please consider another avenue.
First of all, you need to know which scoring models you are even getting, as this can affect the number by as much as 100 points.
Second of all, you cannot freeze a credit score. They are recalculated each time they are accessed and are dependent on data that is constantly being uploaded to your credit file.
Third, and last, paying $12/month to see your credit score is completely unneccesary. There are much better ways to do this.
Sounds like you need a professional, someone who won%26#039;t take advantage of you. Good luck
I am considering a short sale on the my house, as I am looking at a negative equity situation. I am up to date on my payments, but will have no money to bring to closing. It looks like I will have to sell it for $10K less than I owe on it. I have consulted a lawyer who says it is a viable option. I also understand the waived amount will be taxed as %26#039;phantom%26#039; income. Is it taxed as a paycheck would be? or like an early withdrawl IRA? Lastly, will it impact my credit score even though I am up todate on my payments, but won%26#039;t be able to come up with the diff between what I owe on the loan and what it%26#039;s selling for... implementing short sale? Thanks!!
The sales expenses will be subtracted from the proceeds of the sale, increasing the deficit of the sale. The short fall will result in a 1099 being issued for the forgiven amount. Check with a tax person, but it is my understanding that forgiven debt on a house sale is not taxable or it is likely to become law soon. If not the shortfall is treated just like ordinary income.
The past few years, I%26#039;ve only been making around 10K per year, however my credit Score is at 750
How does it work ?
Thanks guys
It has nothing to do with what you make. Your credit score shows that you pay on time and hold little debt.
your credit score has nothing to do with your income (i think) but check out myfico.com
Your credit score is 35 percent debt history, 30 percent debt level, 15 percent length of debt, 10 percent new debt, and 10 percent type of debt. Income does not factor into the equation.
