Credit - June 2006

I am 37 years old, African-American, gainfully employed in D.C., have lived, worked and studied abroad. I have a Bachelor's in French. I also have 60,000 dollars worth of student loans to pay back, a bad credit card history (years of just being irresponsible, but that's now over) I would say that I have about 4000 dollars to pay back credit card wise. I have now returned to the United States after having lived in Paris for 4 years and know now that CREDIT DOES MATTER. My goals are to own a loft apartment within the next 4 to 5 years.
I have already sent away for my free credit report. I have 500.00 in savings and pay 1000.00 dollars in rent. My paycheck after taxes gives me 1,034.00 every two weeks. How do I change my situation to achieve my goal? Are there any programs for first home buyers that I could take advantage of? I'm fabulous and broke. I am going to change this. I'm too smart to be financially inept. I need help, please. Thank you.

2006-06-21 03:37:23 · 11 answers · asked by Felicia S 1

3 years ago I hit a rough stretch and defaulted on a cell phone bill and a few doctors bills. I want to know if I paid these Items now, If it helps or hurts my credit score. All four are listed as charge offs. My concern is that If I paid them now, They would show for another seven years. Also is there a major difference score wise between (charge off) and (Paid charge Off). I thank you fine folks in advance for helping me out.

2006-06-21 02:28:27 · 11 answers · asked by poor no more 1

2006-06-21 01:36:18 · 8 answers · asked by akabo 1

I am 19 yr. old female who turning 20 in a couple of weeks. I have a really bad past. I used to drink alot, smoked all the time spend my money recklessly whatever it was I did it. When I was 18 I got a credit card that had a $200 limit and I have yet to pay it off... back then I didn't care... needless to say the principle and interest are sky high. Now that I'm trying clean up my life and be responsible... I have two jobs while going to school full time...I need help. I have to move out cause I can't live with mother any more, so I went with a friend to get an apartment. It is tax credit housing... I have money to pay rent but I'm not sure if they will approve. What can I do clean up the financial mess that I have made and make myself financially independent from my parents and financially stable and secure for the future? How do I clean up credit by the time I'm 22? Do you think the housing people will reject me?

2006-06-20 20:08:48 · 19 answers · asked by Anonymous

2006-06-20 19:21:29 · 2 answers · asked by bob f 2

On my credit report I have a discrepancy that is nearly 7 years old. It shows with the original creditor, and then two more times with two different collection agencies. And they are three different amounts! Also, the collection agency shows different account numbers and dates enabling them to show past the 7 years. The only thing that indeed ties them together is the original creditor is listed for each one.

Yes, I understand that I should pay it, but I would love to pay the fair amount. Is what they are doing legal? Can I file a discrepancy with the credit reporting agency?

2006-06-20 18:06:11 · 8 answers · asked by michituckygirl 2

2006-06-20 17:53:58 · 10 answers · asked by lilAudrey 6

any where i can apply for my frist credit card online thats guaranteed acceptance or anything?

2006-06-20 17:47:28 · 14 answers · asked by kevxinc 1

Had to bankrupt a year ago, I live in East TN, my home was infact in the bankruptcy. Income is great so that would not be a problem. This is for Jannie: I have one comment: Do you live in a bubble!! Dumb ans

2006-06-20 17:18:22 · 6 answers · asked by lilAudrey 6

2006-06-20 14:37:18 · 10 answers · asked by Anonymous

Im currently working on rebuilding my credit and in the mail last week I received a pre-approval through Aspen mastercard. I filled out the online application and was approved, I received my card 7 days later and paid the ncessary $20 activation fee. Im now worried I entered into something bad. I noticed that the actual card is missing the signature Mastercard engraving "M" (look on any mastercard in your wallet/purse, there is an engraving of the letter "m" by the mastercard logo). Also, the website is lacking any real info about the company.

I read the welcome packet and it says the card was issued by First Bank and Trust in Brookings, SD. I checked their site and they have no info on such a card. Im really worried this is a ripoff and they have all my personal info including bank account numbers. Does anyone else have this card or can offer some advice?

(through other web searches, i noticed other people claim this card also goes by the name "freedom card mastercard")

2006-06-20 13:46:33 · 13 answers · asked by brad h 1

2006-06-20 13:43:53 · 10 answers · asked by Anonymous

I need money, but found out one of my credit card can give me 3.99% into my checking account. Now, my saving account give me 4.65% interest. But my credit card says will charge me $70 fee. Am I making small / very small profit, do you think, suppose they loan me $25,000 for a period of 9 months?

BTW, my saving account said the interest is compounded daily but credited at the end of the month.

Thanks!

2006-06-20 13:17:38 · 6 answers · asked by teddybear1268 3

2006-06-20 12:43:14 · 11 answers · asked by Flaco 1

I have no credit cards. I have no loans outstanding. I do have a past chapter 13. Paying on al old accounts. So what else can I do to improve my credit..

2006-06-20 12:40:53 · 16 answers · asked by oneofthebless 3

I have a full time job with direct deposite making $12.50/hour.

2006-06-20 12:09:00 · 20 answers · asked by Amber 1

I filed Chp 7 bankruptcy last year, also discharged. I have 4 credit cards all have been paid on time. I have a car loan through Capital One ($18k) also never late. Where can I apply and receive a personal loan. No payday loans...tried that, done that! I have tried American General they told me I had to have 2 years of established credit after my bankruptcy, I only have 1 year! Citifinancial and Beneficial Denied. I also tried my local bank, Citibank...no Luck! Any serious suggestions?? I want to apply for at least $5k.

2006-06-20 11:36:43 · 11 answers · asked by pn1500 2

I've looked up some information, but i cant find exactly what i want to know... so maybe some one can just tell me...If i pay a collection, it wont be off my credit report for 7 years? y? And bad debt, If i pay that off, will that be removed? Should i wait 7 years to have my credit clean or work on removing items?

2006-06-20 10:57:44 · 4 answers · asked by csabrinam 3

2006-06-20 10:42:59 · 13 answers · asked by Anonymous

2006-06-20 10:38:26 · 7 answers · asked by Beshie 1

Does it take 7 years from the time it was put on your credit report to be removed? Or how does that work? I just paid everything on my credit, and I know that it is going to show paid, but when will it be completly removed? thanks

2006-06-20 10:08:33 · 6 answers · asked by assytee 2

Is there an action for intentional inflictional of emotional distress waranted. Also, is there a case against this company for misreporting my credit? I will be willing to join a class-action.

2006-06-20 09:46:45 · 7 answers · asked by Craig W 1

I was talkin with someone and that person told me that it is not possible to get a loan from a bank or anywhere if you have two cars under your name and you are looking to buy the third one. Is that true? How is that possible though? if I want and I can afford to pay for my cars why cant I have 10 cars under my name?!!! (not exactly 10, just using an example here!!)

2006-06-20 09:39:28 · 4 answers · asked by whyareyoutryingtoreadmyid 1

I currently have a visa and everything that I have purchased with it has been paid off as soon as the statement arrived in the mail.

2006-06-20 09:37:40 · 3 answers · asked by Anonymous

Please help me figure this out

2006-06-20 09:35:01 · 3 answers · asked by yeah its mee! 2

2006-06-20 09:30:20 · 9 answers · asked by bengont 2

Hi,
I recently visited a BK lawyer and he said just don't pay them any more.
I have several small balances.
Capital One 600
Providian 1000
Orchard Bank 300
Bank of America 3500
Sears 1000
NY&Co 350
Not a whole lot of debt but can't afford them all. I live in NC and wage garnishment doesn't happen. What do you think about not paying?

2006-06-20 09:24:37 · 13 answers · asked by BBdiddily 2

If so, where can I get one?? Thanks in advance.........

2006-06-20 08:17:07 · 9 answers · asked by ♥Lis♥ 2

2006-06-20 07:59:21 · 4 answers · asked by alexanderbecky 2

Can credit card companys do anything like take our home or vehicles, etc. we have our home paid for, and our cars, and we have one debit card we keep up, but just started working again and can not pay all the old bills off. No way, no how. quite a few are medical but have a few credit cards too.

2006-06-20 07:55:39 · 21 answers · asked by Donna J 2