Credit - December 2006

Currently my credit score is around 550 :(!
I have 5 credit cards that are maxed out totally $3000 - I have one credit card - joint with my mom - zero balance. I have past due bills on my credit totaling about $3000.
So my question is, if I pay all of the past due bills and pay the balances on my credit cards and for the next 6 months continue to charge little and pay the full balance and continue to pay my car payment on time? In 6 months - how much of an impact will this have on my credit score with no new credit inquiries?

Also once a bill is in collections and on your credit report - when you pay it, does it go away and not show on your credit report anymore?

2006-12-29 11:32:55 · 4 answers · asked by amber h 1

2006-12-29 11:20:18 · 5 answers · asked by amber_myers16 1

2006-12-29 10:50:50 · 3 answers · asked by LusciousLady 2

I would like to know how the credit works. I don't really understand what the balance, equity and other stuff like interest rate. Can someone explain me how can I have knowledge in his kind of thing? I am 16 years old, and I am curious to know. I am afraid sometimes that I won't learn that thing because i dont understand them



How can I have a credit card without my parents help when I'm 18?

2006-12-29 10:45:00 · 3 answers · asked by dk 6

Recently I've been looking to fix my credit. Its nothing major just a few minor things and I've been reading alot of information. I read that If I'm denied for credit that I can send proof and request a FREE credit report being that I've already used my one for the year. Can I send that to all three bureaus?

2006-12-29 10:43:39 · 4 answers · asked by LusciousLady 2

2006-12-29 10:43:01 · 5 answers · asked by Anonymous

I have a judgment against a tenant I had to evict in Orange County, California in 2000 of around $1000. He has not paid a dime. How can I go about collecting on the amont? My understanding is that there is a 10 year statute of limitations on the judgment.

2006-12-29 10:23:44 · 3 answers · asked by DT 2

I have a judgment against a tenant I had to evict in Orange County, California in 2000 of around $1000. He has not paid a dime. How can I go about collecting on the amont? My understanding is that there is a 10 year statute of limitations on the judgment.

2006-12-29 10:21:33 · 4 answers · asked by DT 2

mitchell-lama has added rent arrears to my credit,and i was no longer living in my highrise,someone else moved in illegally once i moved out,people have been doing that for years now,and maintenance/management is aware of whats going on and allows it for a few bucks under the table,there is now new management but the same maintenace crew,i have tried talking with them about it but they tell me that i have to talk to their lawyers,i have not been successful in doing so.i'm looking to move mid 07 and i'd like to resolve this any suggestions?(my rent was 1100.00 monthly that by 3 yrs is a whole heap of money wouldnt myou say?

2006-12-29 10:11:15 · 3 answers · asked by knowingisbeautiful 1

2006-12-29 10:02:30 · 1 answers · asked by Florida Gator #1 Fan 1

A few months ago, i had applied for a credit card over the phone. I excepted the terms and agreed to pay the amount that was requested before getting my prepaid credit card. its been a few months now and i haven't heard anything, not a letter a phone call nothing from the company.. i reported it to the better business bureau of new york. and they haven't contacted me either..

2006-12-29 10:02:04 · 2 answers · asked by openmindedfreesoul 3

2006-12-29 09:07:54 · 12 answers · asked by Marshy 1

i am 20. I have identity theft which i am denied for EVERYTHING!! is there a credit card you know of that approves people with bad credit, or at least will work with you.. Which banks are good to use for credit? I live in ca.

2006-12-29 08:52:40 · 5 answers · asked by Anonymous

Should I take out a Home equity loan to get out of my $10,000 credit card debt?

2006-12-29 08:38:50 · 4 answers · asked by kelly l 2

I need your advices. Please.

I called the creditors today becaue I had problems to pay debts for past three years. I finally got a stable and good job and really wanted to paid off my debts month by month.

But the creditors told me that they are going to sue me if I don't pay everything today. I told them I can't pay $30,000 debts today if I have lots money today I will. The creditor cuts half of my debt $15,000 and asked me to paid off for next five days; otherwise, they are going to sue me. I don't understand..Can they really do this?

After hours conversation, I gave them my checking account information, and I have to find $15,000 in five days. What did I do?
I am scare and really don't konw what I should do.....

If I really can't find $15,000 for next five day, what I should do? I really need your advices.

I really really want to pay off my debts, but right now I think maybe I shouldn't......

What shuold I do? Thank you very very much for your advices.

2006-12-29 08:07:38 · 6 answers · asked by Virgo 3

Hi, I lost my wallet and I had 2 credit cards. I just called in to report them lost. I asked if there were any fake purchases and there wasen't. I think I lost one of those cards about a year ago or so. The credit card companies cancel both my cards and said I should get them in about 5-10 days with a new number on them. Will this hurt my credit and/or lower my credit score? If so, how much would my credit score get lowered by? How many point? I think the last I checked I had a score of 830(yes 830). How does this hurt me? Please help, any help is greatly appreciated.

2006-12-29 07:40:35 · 9 answers · asked by tvillane2004 2

I'm considering switching from Visa to American Express, because they are offering me a much better APR. I'm wondering if it's worth the switch. I'm slightly confused on the difference between an American Express card and a Visa or Mastercard.

2006-12-29 07:38:02 · 16 answers · asked by Tamara 2

2006-12-29 07:17:22 · 4 answers · asked by Anonymous

My husband wants to keep our house and file bankrupty to get rid of all our credit card debt. I want to sell the house, move in with my folks, not file bankrupty and pay off the debts. Both are doable but I think my idea has a less adverse effect. What do you think?

2006-12-29 07:15:49 · 17 answers · asked by lovely68123 1

2006-12-29 07:02:38 · 12 answers · asked by Anonymous

2006-12-29 06:55:09 · 15 answers · asked by Dutchess 2

Personal experience very helpful.

2006-12-29 06:33:25 · 4 answers · asked by Ms. Wizard 2

I ordered 1 tape and paid for it,now they keep trying to take more money from my acct. I did report them to labbb and they did nothing to help. I am talking about the GGW tapes that are still being shown on cable tv. My bank isn;t doing much to help either, even with the Federal Regulation E form.

2006-12-29 06:19:53 · 8 answers · asked by ajedfors@sbcglobal.net 1

Just got a letter in the mail with a check for 4.700.00. The letter said we won a lottery. Informs us to deposit the check in the bank..then send 2.700.00 via Western Union directly to the tax agent..to pay taxes on our total winnings of 250,000.00. I know better not to do this since I know my bank will come after me when that check bounces. The name on the check is Mirage Financial Services. Has anyone else heard of them.

2006-12-29 05:54:59 · 12 answers · asked by Anonymous

2006-12-29 05:30:38 · 13 answers · asked by Anonymous

Recently I had a set aside judgement granted by the county court for a Bank of America credit card. I plan on providing the three credit reporting agencies with a copy of the signed set aside judgement but I want to know how this will ultimately effect my credit score.

In case your wondering why I'm asking this question my lawyer dropped the ball write at the end of this process and I had to contact the court myself to get the judgement signed.

2006-12-29 05:29:04 · 1 answers · asked by LaFemmeco 1

i have paid 17 installment loans off early. paid a 19,000 morgage on a mobile home in two years. i have one credit card. i pay in full each month. (it has a 250 limit) i have never been late one time on any accounts. i have three debts in collection paid off that I didnt know about. I owe 1200 on a student loan, 14,000 on a jeep liberty. I have 2,000 in savings. My score is only 620. what am i doing wrong.

2006-12-29 05:24:43 · 6 answers · asked by tennessee 7

Is there certain times that they can't call? How many times per day are they allowed to call? I understand that I owe the bill, and don't mind them calling, but I think they are going overboard on number of calls and the times that they call. They start calling around 7 am and quit around 9:30pm. I was just wondering what my right were. Thanks in advance to anyone who answers.

2006-12-29 05:01:56 · 5 answers · asked by Nikki 2

I've seen advertisements as low as 6%, but the few I've actually applied for offer me around 13%. I guess the advertisements are to suck you in. So what should I be looking for?

2006-12-29 04:50:34 · 10 answers · asked by Hollie H 3

What are the necessary steps for me to get paid my lien?

2006-12-29 04:42:14 · 2 answers · asked by Thickallova 1