Credit - November 2006

I may return to the USA after 11 years but I had some payment to shop cards
(JC Penney) and one telephone charge that I did not pay. The amount I owed
cards JC penney + telephone is around $1700. I also had a bounced check. I left US in 1996.

I had other cards that I paid and closed all other accounts.

I checked couple of days back my credit report through Experian and I did not have any negative points. Instead, the records that I closed some of my
credit cards without being late is however mentioned as good standing. But
there was no mention of my closed bank account.

Would this mean that the previous money that I owed is dropped ?

My question is:

1. If I come back to the US, any problems in opening a bank
account ?

2. Obtaining credit cards - will there be any issue ?

3. Is Experian a reputed agency ?

5. If I lived in a particular state during my stay in US, would Experian
not capture the entire history ?

Please let me know.
Thanks
Suk

2006-11-24 03:13:17 · 8 answers · asked by Suk C 1

I am a co signer on a mortgage, the primary wants me to pay him to sign house over to me since he paid the down payment so we can split. I will have to pay for reinfinace charge but want to know how can I be sure that I will qualify. Iv had my name on the mortgage for 2 years and all payments on time. I just paid off my school loan. THe house payment is $800 a month. I have a cell phone and owe 140 on a credit card which I am paying down so I can do the min payment a month. what is the debt vs income ratio? I make about 33,000 primary job and 4,500 at other. What is the process and do I have a good chance at qualifying???? Should I gat a lawyer?SHould I go see a mortgage loan officer first? what are my options and best way to go?

2006-11-24 03:04:29 · 4 answers · asked by louise23 2

I can't believe some of the limits some of my credit card companies put on my cards. I have this Amex that I've had for 12-14 years, it started with 4K- or 5K or something..it's up over 100K, the other one is 80K. I have a Chase card with 45K and a Citi (DP) card over 40K. It's not like I use them all the time...maybe 1K a Month then pay in full before the statement arrives..I pay on-line these days. What do they think I'm going to do BUY YACHT!!! I sat down the other day out of curiousity and added up my credit limits on all my cards..it came to $960.500...almost a million dollars!! This is crazy, then they wonder why stupid people get themselves in credit card debt...I'm very responsible with my credit but I could easily see how some would go out and buy everything in sight because they can...but them can't afford to pay it back. It just seems to me to be to much temptation for people 19-30 who love "things" and can't help themselves. I think some blame some be the CC companies

2006-11-24 02:35:13 · 9 answers · asked by Anonymous

I'd like to know if closing credit accounts makes your credit score reflects positively or negatively on your credit report?

2006-11-24 00:27:40 · 8 answers · asked by super 1

do you know of any companies are cataogs that will give you a chance with bad credit. I have a good job now and want to establish good credit. Please help?

2006-11-24 00:14:30 · 3 answers · asked by reddogbetsey 1

i am new in the state and i want to build a credit i don't know how to do that but people said to me i need to get a credit card for a start , the problem is i cannot get one because i don't have a credit yet

2006-11-24 00:06:02 · 5 answers · asked by Anonymous

2006-11-23 23:16:31 · 2 answers · asked by Anonymous

I have heard that after 7 years, items can be removed from your credit report.. is it 7 years since the account was opened, 7 years since any activity on the account, or 7 years since the account was closed? Also, what do I need to do to remove these items? Thanks!

2006-11-23 22:35:07 · 6 answers · asked by mj'smomma 1

Ive recently applied for credit,but the lenders advised that i have £14 against my name unpaid,which i cant understand.They adv its from a retail store-Now the only thing i can think of is that i have a store card with the arcadia group, which i have paid off in full a few months ago so the balance is now zero.Yet this £14 has been owed since dec 2004. Why has nobody contacted me before to advise i owe this money.I have recieved no letters, or phonecalls and now when i ask for credit i get refused even tho i was not made aware i owed anything..The lenders have adv to get a credit report from experian which i have sent off to do, but when this comes through i am not sure what to do next. Will i be able to pay off the £14, or will i not ever be able to get credit due to this reason.If its the latter then i am not happy, as i feel this is unfair. i pay off my bills reguarly and never miss payments? anyone else had similar situation. did u manage to settle the debt and get credit?

2006-11-23 21:27:04 · 8 answers · asked by amy_uk2k1 2

My child, 17, received a credit card in the mail [he used a fake birthdate, but his real SSN]; he spent 550 on it, but can only afford to pay 100 of it. I read in another post, http://answers.yahoo.com/question/index;_ylt=ApAYRFeaNcWTDznv96FE.5ojzKIX?qid=20060930190733AAEy61Z, that we can cancel the account.

Will he receive bad credit, though?

2006-11-23 20:09:01 · 6 answers · asked by tcuhornedfrogs2012 1

I currently have quite a bit of debt and it feels as if I am never going to dig out of this hole that I am in. Any advice, except "cut up the cards" would be appreciated. I only use the card in emergencies; however, with a baby that seems to be quite often as I just don't make enough money.

2006-11-23 18:27:23 · 7 answers · asked by Mom of One in Wisconsin 6

I have a decent credit score (650-700), lived at my resident long enough, been at my job long enough (almost 2 years) and make more than enough money to get a loan. I have paid on the car for 7 months on a 6 year loan. The interest rate is over 20% right now and have an excellent payment history on all my accounts/credit cards. So far, most reputable financing companies have rejected me online. I will soon go to banks and credit unions. Any suggestions?

2006-11-23 17:34:08 · 7 answers · asked by Anonymous

I avoid using remember my password option.
Also i am the only user of my system

2006-11-23 17:00:05 · 2 answers · asked by Anonymous

2006-11-23 15:44:08 · 3 answers · asked by matt12882003 3

Two of my friends birthday's are sunday. And I thought it would be cool to get them this sort of like "univirsal gift card." I just know you can set any dollar amount and its good any place you use visa. Any ideas of what this is called and where I can buy acouple?

2006-11-23 13:50:34 · 10 answers · asked by Little_Lilth 3

2006-11-23 13:50:17 · 5 answers · asked by freeway_truck 1

I HAD 8 BAD ITEMS ON MY CREDIT REPORT 5 HAS BEEN REMOVED. HAS ANYONE ELSE DONE THIS? IF YES HOW MUCH DID YOUR SCORE GO UP? I HAVENT CHECKED MINE YET. BUT IM CURIOUS I'M TRING TO GET A FIRST TIME HOME LOAN.

2006-11-23 13:37:47 · 3 answers · asked by Anonymous

I have a best buy store card, but I want to apply for the reward zone mastercard and use it at other places then just best buy, and then just cancel the store card so I dont have to have excess credit cards sitting around in my wallet. Is there anyway I could like "upgrade" to the mastercard? Or would I have to apply for that and just cancel my best buy card?

2006-11-23 12:53:23 · 2 answers · asked by Blackangel2006 3

Some people who sell items in different countries say Western Union...and with credit card. But is this site liability? If an item isnt shipped, do they give money back, or what?

I am nervous:( Has anyone ever used Western Union with a sales person...and theyve gotten money back, because someone took the money and didnt send the item out?

I guess Pay Pal isnt popular in some countries

2006-11-23 12:22:37 · 9 answers · asked by inthisskin22x 2

They say its like a paypal but is it like paypal when you pay, do they pay you back if you dont get the item sent?

Whats good about moneybookers. This one seller only uses moneybookers.

2006-11-23 11:58:18 · 2 answers · asked by inthisskin22x 2

I'm 20.. and freshman in collge...I don't have job...I owe credit card about $7000. I didnt make any payment since last april.....cuz I don't have any money. collection agency calll me everyday at my house and whenever they call I ignore or tell them I'm not home. Any suggestion??? what should I do..

2006-11-23 11:25:33 · 6 answers · asked by Anthony 3

I have 3 derogatory accounts on my credit score. I have settled them. They were charge offs and I settled them through a collection agency. Is there any way to remove these accounts becasue I think they are absolutely killing my credit score. Also, they have not been reported as being settled yet. I just settled them a month a go. Does anyone know how long it usually takes for the collection agency to report these settlements? Please help.

2006-11-23 10:37:44 · 7 answers · asked by Anthony M 1

2006-11-23 07:59:55 · 3 answers · asked by promiseitsnot_me 1

I know this is not the right blog for saying this, but what da hell --- HAPPY THANKSGIVING TO YOU ALL !!!!

2006-11-23 07:27:38 · 3 answers · asked by a9113257311 3

My bank is offering me a pre-approved LOC; the rate is 2% above Prime (6% I think). The rate will always stay the same. I know I will have to pay it back, similar to a loan. I have a balance on my credit cards at this time. Is it a good idea?

2006-11-23 07:19:53 · 3 answers · asked by AJA 1

my master card debit keeps being rejected when signing up for subscription, i want to use it as debit and i can't get any answers why my debit won't work

2006-11-23 06:59:50 · 3 answers · asked by Nancy H 1

i have a personal loan and the payments are starting to cripple me but i am still paying them... havent missed a single one... i have made an appointment to see an advisor to see if i can skip a payment over xmas and or lower the payments in the long run by spreading the loan a little further and not paying insurance on it. do u think this may be possible? is this my best option? is there anything else i can do to help the situation?

2006-11-23 06:50:16 · 9 answers · asked by lilbex87 2

I am wondering exactly what a credit default is. Would I get one for paying my credit card bill a few days late?

2006-11-23 06:28:39 · 7 answers · asked by Anonymous

I've found a million sites but they all wanta credit card number and I don't want to go through the hastle of canceling the damn thing nor do I care to give them my credit card info. I know by law the agencies have to give u a free report annually but how do u get it without signing up? Is there anywhere online where you don't ahve to sign up for anything to get your report? If not will the bank give it to me?

2006-11-23 06:05:14 · 5 answers · asked by Isuzu Myabea 1

NEED TO FIX CREDIT!!

2006-11-23 05:54:01 · 7 answers · asked by blitzyditz 2