Credit - October 2006

I cant afford my monthly payment and am behind $1600.00. My dealership says they can get me a car loan on a less expensive used car with a co-signer and then to have my current vehicle repossessed. They said once I start making regular payments on the new auto loan, then my credit will bounce right back beyond the repo. Is this true? Is this something I should look into doing or is it a dumb idea? My current vehicle is a 2005 Dodge Neon and they dont make them anymore so the trade in value (even with my car in perfect condtion) is only 1/2 of what I still owe on it. What are your thoughts? Serious answers only please. Also if you have had this happen to you, please tell me your story. Thanks!!

2006-10-14 11:36:42 · 14 answers · asked by sem3578 2

2006-10-14 11:16:19 · 12 answers · asked by daisy 2

Does anyone know of any online furniture stores that have ez-credit financing for bad credit????

2006-10-14 10:53:15 · 6 answers · asked by LOLGirl 2

ok, you just obtained a copy of your 3 credit reports and find information on it that belongs to your relative (Your 1st cousin) who you have never lived with and are somewhat close too; the information you find is like their address and some fraudgligent debts which you know are not yours... Also, you dispute it and it is then removed; how would you handle it.. Need your input..

2006-10-14 09:08:41 · 5 answers · asked by Teetee 2

about identity theft. i just don't understand how people get away with it. say someone opened a credit account using someone else's info and made a bunch of purchases online with it...wouldn't they just get caught by the shipping address?

2006-10-14 09:06:11 · 11 answers · asked by practicalwizard 6

Does anyone have this credit card and if so, which Gas stations or grocery places do you need to go to to get 3% cashback? thanks!

2006-10-14 07:47:09 · 3 answers · asked by swma76 2

2006-10-14 07:42:27 · 5 answers · asked by John G 5

Does having your name on the lease of an apartment in good standing help your credit? If so why isn't it listed on a credit report? Is this also the case of having a cell phone in good standing in your name?

2006-10-14 07:33:56 · 4 answers · asked by Anonymous

P.S i am from Egypt

2006-10-14 07:14:31 · 14 answers · asked by Yamen S 3

I am trying to get a personal loan through my credit union. I have bad credit due to immature decisions when I was younger. I now pay my bills on time and am capable of paying back a loan. Do you think I have a better chance of getting the loan if I have collateral and a co-signer?

2006-10-14 04:42:49 · 6 answers · asked by lookinout 2

is it possible to have entries removed from your credit file? Such as defaults, searches or ccj's? I live in the uk.

2006-10-14 04:27:07 · 8 answers · asked by Anonymous

2006-10-14 04:09:39 · 11 answers · asked by MEMORY YOU 1

I have two credit cards. do you think its an advantage or disadvantage for my lifestyle?
I'm working in a call center and I'm already regularized. I have a stable job already.

2006-10-14 01:56:44 · 9 answers · asked by Anvil dale 1

2006-10-13 21:36:14 · 4 answers · asked by koti 1

I'm both upset and confused.
My credit score isn't bad.
I've not lost a days work in 8 years.
I'm pensioned from the military.
I own my own home.
I can't find anything on my credit report that's negative.
My income is good and I'm not that far in debt.
My bills are all paid on time.
I still get refused for obtaining a credit card and all I want it for is for emergencies; renting cars; travel; and hotels as needed. - Use it then pay it off.
My last application showed you only needed a yearly income of $15000 a year and I still got refused. I just don't get it!

2006-10-13 20:11:06 · 11 answers · asked by redcoat7121 4

I am 18 years old and i am ready to start building my credit but nobody will give me a chance with no credit! What can i do?

2006-10-13 17:20:40 · 11 answers · asked by Anonymous

Other than paying your bills on time, having a few credit cards in good standing, etc. What are some things you can do?

2006-10-13 15:47:01 · 8 answers · asked by Caribou2 1

I would love to better my credit, but I need loan to help pay off some debts to do this. Is there any loan I could receive since I have poor credit hiostory?

2006-10-13 14:00:44 · 15 answers · asked by esha_3577 1

I just received a letter in the mail from a debt collector, stating that the creditor has agreed to accept 60% of the balance due, as a lump sum settlement. I have a funny feeling that taking this option, as opposed to just paying the entire amount, is going to have a negative impact on my credit report. I'd rather have my credit 'clean', than make a dumb mistake by paying the smaller amount. We're not talking about a great deal of money, I just want it over with, either way.

2006-10-13 13:34:57 · 12 answers · asked by scooter 2

and has anybody ever paid one of these credit repair companies cos I received a letter today and it looked convincing but I wouldn't dream of sending off the 68 quid they asked for

2006-10-13 12:52:00 · 5 answers · asked by returnofkarlos 2

Regarding credit, what is actually required to obtain an FHA loan? My husband had an auto repossession that was making it difficult for us to get an FHA loan, but he just got it paid off this week. Now our broker is telling us that FHA won't accept any open collections on his credit record. Does that make any sense to you at all?? Isn't FHA first time home buyer programs for people with low income or poor credit??

2006-10-13 11:51:16 · 3 answers · asked by CE S 3

I know mine is awful.

2006-10-13 11:46:20 · 11 answers · asked by smilingontime 6

A job that I was offered will run a credit check & I have a loan from 1997 , a different credit union that was never paid.When I told the interviewer that I had a very low credit score she said thats okay we dont look at the score, we look for defaults & judgements. On my credit report the loan shows that it was paid for a while then payments were stop, it shows no defaults or judgements.Do you think I am ok? Please help, serious answers only!! I am desperate.

2006-10-13 11:05:49 · 3 answers · asked by Julie G 1

I was looking on a prepaid web site and it interested me, so i went forward to apply online. i was going through the step-by-step guide sorta thing and at the very end it said there were charges. a charge for the card and a monthly fee and something else. see, normanlly i look at the faq's, but there wasnt any (well if there were, then it must have been really, really small print). anyways, during the step by step application form, it said something about ID, it asked for either a driving licence or a passport(which i dont have), so on the form i ticked none. in the last step(where it told me about the charges). it said they will be writing to me and i will have to send ID. See i dont want to go through with it cos of the charges(would have know if i could have seen them faq's). if i dont send ID does that mean the account wont open, like just ignore. what should i do or what can i do ?????

2006-10-13 10:16:01 · 13 answers · asked by nickste5 2

NEED TO START CREDIT, BUT HOW???

2006-10-13 09:38:14 · 5 answers · asked by GATA25 1

I have been dealing with Chase for years. First it was Onbank. The creditor closed my account years ago. Unfortuanetly I ran into hard times, I was left a single Mom with small children to raise. I have been late once this past year. The interest rate is now 29.9 percent. The total of all my original purchases were approx $5,000.00 I have paid the sharks approx $11,000. Somehow I still owe them $3,334.. How can they charge me late charges at this point anyway? I haven't made a purchase in over 6 years isn't that an oxymoron any paymnet at this point is late. I live in NY and the Chase is in Delaware (Sharkcity). It would seem to me that I have more than paid them off. I don't see how they cann keep changing the interest rate on a closed account. Any information is greatluy apprecaited. Thanks!

2006-10-13 09:32:47 · 12 answers · asked by mm8048 1

2006-10-13 08:56:47 · 4 answers · asked by Anonymous

My parents can't pay for my school yet FAFSA decided they make too much money for me to get any grants or low interest loans. My dad won't let my mom co-sign anything for me and I don't have any credit yet since I only graduated from high school last year. So what do I do??

2006-10-13 08:28:41 · 12 answers · asked by BlondieBachus 1

But the total loan is $14000. And apr is high, Any sugestion what should i do, Every month i send them a payment but it is not going any where. Is it a to big of a loan to pay off?

2006-10-13 08:11:55 · 10 answers · asked by Alisha 2

2006-10-13 07:50:37 · 2 answers · asked by andalucia 3