Credit - May 2007

I have a couple of negative marks on my credit, one has been on 7 years and one month and still has not been removed from my file and one that is one month shy of 7 years. How often do companies like Trans union update your file? What is the process? Thanks!!

one is called 'A collection account' the other one is called 'Charged off as bad debt'

Will the 'A collection account' turn into a 'charged off as bad debt' and be on my report for another 7 years? I have learned in the last seven years to manage my money responsibly and I am looking forward to getting this 'monkey of my back' and repairing my credit with a small bank loan.....

2007-05-05 02:23:56 · 7 answers · asked by Lynn 5

2007-05-04 19:27:16 · 4 answers · asked by gavi 2

I have bad credit I have collections on my credit report the accounts are all paid for but hey are kepping me from being approved for good intrest credit cards and all kinds of loans.

2007-05-04 15:47:30 · 10 answers · asked by shygirl 1

2007-05-04 13:55:48 · 4 answers · asked by runner1 6

I have 0% APR credit card for 12 months. Is making the minimum payment for the first 11 months and then paying the rest of the balance off before my 0% is up gong to hurt my FICO score.

I have the money to pay off the amount but thinking that 0% interest while i'm getting 5% on my bank acct I will earn a little bit of money. Unless this will affect my FICO score alot then i'll rethink it.

2007-05-04 11:59:17 · 8 answers · asked by Anonymous

my mom signed her house over to myself and 3 siblings last year. she passed away april 15. my brother is trying to take out loan to consolidate everything. and keep the house. ditech denied because of a 1995 unpaid judgement against me. i am not on loan but am on deed. can we lose all? please no jokes just advice.

2007-05-04 10:44:36 · 4 answers · asked by lindalinz2@verizon.net 1

say 2 weeks late?

2007-05-04 09:27:00 · 12 answers · asked by MiaDiva28 6

I mean. I know I have to keep the balance of my credit limit at half. I know how to maintain my credit, but how do they determine the credit score? Is it based on points depending on the accounts, balances, tradelines opened or closed? How? Is there factor or a math equation??

2007-05-04 08:06:22 · 4 answers · asked by S L 1

I am trying to raise some cash to start a small business, but my funding has fallen through and my bank wont help me. Their are many loan companies who offer unsercure loans to tenants , are these all they seem to be or should I stear clear??

2007-05-04 07:28:07 · 2 answers · asked by the noel 1

2007-05-04 05:52:45 · 7 answers · asked by Anonymous

I bought a 2005 Mustang last year. During college, I messed my credit up a little, so I had my fiancee co-sign on the car for me. It helped me get the car. However, she's had some problems and will now be surrendering her car and going bankrupt before we marry, so that we can work on her credit and get it back into shape. My question is, will this affect my car loan?

2007-05-04 05:52:32 · 5 answers · asked by jude7265 4

i just brought a new 35k car and I'm in school full time, struggling to make the payments. the payments is nearly $700.00 bucks monthly. how can I afford that payment and i'm in school 10-12 hours daily? i want to get out of this contract, without getting a reposession or claiming bankruptcy. i thought about Insurance fraud, having my car stolen, having my insurance company payoff the car, once it's not recieved. but that's Illegal. can some one give me some advice, because i don't want to quit school over a car payment.

2007-05-04 03:26:45 · 16 answers · asked by Anonymous

Overall I have good solid credit. I pay all my bills on time, I've paid down a $27K car loan to ~$14K in a year and a half, etc. The one thing that might be keeping my credit score from being a perfect A would be the balance that I've accrued on credit cards over time(paid on time, all the time). I know that debt-to-credit limit ratio affects my FICO credit score. So I'm a little concerned about how that will affect my ability to get a mortgage.

I'm looking to get a mortgage sometime next year. I pay $875/mo. for a 1bedroom apartment, and although I love my apartment, I hate the idea that I'm not building any equity. I also hate the idea that I can get a small house mortgage for that price, which would be a much bigger place than my 1bedroom place. Would my credit card debt hinder me from getting a mortgage at a half decent rate?

Also, any ideas on how to tackle the debt? Should I consider a personal loan to pay off my cards with, at a lower rate? Thanks.

2007-05-04 03:11:56 · 6 answers · asked by Anonymous

I didn't pay a bill that was on my credit report. It finally fell off after seven years. I recieved a call on it yesterday and the lady told me that even though it's not on my credit, it still affects my credit score. Is that true?

2007-05-04 02:22:34 · 5 answers · asked by Charles W 1

2007-05-04 02:10:18 · 10 answers · asked by fabuliss182005 1

i hate how credit card companies will allow customers to go over the limit and then charge them $40 for going over. is there a way that you can tell your credit card company to just block any purchases if you are over your limit? for example, if i have a $1000 limit and i have already bought $998 worth of stuff, and now i walk into a store to buy something that is $3. that should be blocked coz it would bring the balance up to $1001 which is over the limit.

2007-05-03 20:09:35 · 7 answers · asked by 4 seasons 1

I had a credit card account that was transferred to another company after they went bankrupt.I was expecting these carges to come off after 7 years.Now they are saying it starts all over because a new company picked up this account.what can i do? Is this legal?

2007-05-03 18:41:09 · 4 answers · asked by Anonymous

2007-05-03 17:36:15 · 7 answers · asked by shygirl 1

I pay 15.00 per month to true credit (transunion) so I can keep up on my scores. They gave me a score of 683, however when trying to refi my home with my bank, they pulled my credit with transunion and were given a score of 590!! I called transunion and was unable to get a difinitive answer as to the differences. They tried to tell me how to improve my score and completely skirted around the discrepancy. All internet sites giving a score based on the "consumer model", but lenders are receiving a "business model". Does anyone know I get get a true score of what lenders receive, as this is what really matters in the long run?

2007-05-03 17:13:47 · 3 answers · asked by Ellyn C 3

I have transactions on my card at stores I dont go to and I had my card with me at the times it said the transactions were made

2007-05-03 16:40:04 · 9 answers · asked by themom95 3

my mother passed away with over 50,000 in credit card debt. she has no insurance and no estate. i am getting letters from collectors and letters from places that say they are lawyers but appear to bbe collection agencys. can they make a son inherit there parents bills....

2007-05-03 15:14:13 · 13 answers · asked by paul_rolfzen 1

2007-05-03 15:13:50 · 4 answers · asked by jajhansen27 1

I wanna save some money on gas. I'd like to apply for a gas credit card which offers cash back. What gas card would you recommend and why?(Chevron, Mobile, Shell).

2007-05-03 15:06:59 · 8 answers · asked by Svet 1

2007-05-03 14:18:56 · 17 answers · asked by Anonymous

2007-05-03 12:06:43 · 6 answers · asked by Bertha G 2

true of fales

2007-05-03 11:41:06 · 5 answers · asked by Jake 1

2007-05-03 11:39:15 · 13 answers · asked by Anonymous

A SINGLE PARENT OF THREE AND A CREDITOR WANTS TO GARNISH MY WAGES FOR A REPOSSED CAR

2007-05-03 11:39:15 · 9 answers · asked by Lucianna C 1

2007-05-03 10:18:52 · 11 answers · asked by LaVasha B 1

i have just baught a phone off ebay and sent payment to the seller throgh ebay.20 mins later she says payment not recieved and then we realised payment went to her old "non paypal registered" email address,she no longer has acsess to this add and the payment has been sent there.can i cancle payment my end??? what shall i do??its alot of money. HELLLLPPPPPPP

2007-05-03 09:56:12 · 6 answers · asked by sammydeea 3