Credit - September 2007

Hello there, one of my co-worker asking me about SS credit that you earn each year. The max credit you could earn within a year is four points, and you can have max of 40 points for your entire life.

We are wondering how are the points accumlate toward each individual? Does it base on how much you make in a year or how much you pay your tax, or the age?

Thank you.

2007-09-19 04:26:18 · 1 answers · asked by kennilope 3

My credit score is terrible, i have had my experian report and there is 6 defaults on there. They are all settled and read as satisfied! they were defaulted in 2003 and 2004. There is no outstanding balances anywhere. I have now been cleared for a year, but still can't obtain credit. It is such a headache. I just want to rebuild my credit, i am older and wiser now and need help. Any suggestions welcome.

2007-09-19 04:23:31 · 5 answers · asked by Anonymous

So I've heard from some people that for your FIRST credit card ever, its better to leave a (small) outstanding balance on your card every month (i.e. not pay off the whole thing every month) because it will show that you can handle an outstanding balance or something and help build your credit. (I've heard to do this for about the first year, and then its better to pay it off in full every month) Is this true?

2007-09-19 04:23:20 · 8 answers · asked by Anonymous

This month I will pay off my final collection agency credit card bill-meaning I will owe nothing. My credit rating and history though is pretty bad-How long will it take for my credit to to'heal'?

2007-09-19 04:13:11 · 4 answers · asked by Anonymous

2007-09-19 04:10:40 · 14 answers · asked by Anonymous

I actually pay all his bills as he has Down syndrome. But I have enormous student loan debt and one bad debt I refuse to pay as it is not mine. I don't want to hurt his score, but would like to improve mine. My recent history (last 4 years is perfect) - including a mortgage, 4 credit cards, 5 revolving credit cards, a paid off car, and all utilities. Student loan history is perfect for past 7 years.

2007-09-19 03:27:35 · 3 answers · asked by Anonymous

I was just wondering if anyone has ever used Capital One Auto Finance and how their experience was?? How did it work? etc? We got a pre approval letter and I seriously need a different vehicle.

2007-09-19 03:26:30 · 6 answers · asked by janierenel 3

My husband and I are trying to pay off his bad marks on his credit report. He doesn't have that bad a credit so we are going to pay just the little that he owes. Once he pays off say a credit card for $500.00 how long before it will clear up and show as paid on his credit report? Also by paying this how many points will his credit go up on?

2007-09-18 19:17:51 · 3 answers · asked by Anonymous

I'm 18, barely got my credit card 3 months ago so i dont even have a credit score.
Today I went to a dealership to see if i could buy a car(planning for later) and they told me that since i'm 18, and i got innexperience credit no-one would give me a car loan

So they said to get more credit cards to build up my credit...spending more money?! geesh i want to save money for my car.

I want to buy a 25k year model car(2008 wrangler) in 6 months from now

What can I do in that time to get me the car i want?

bills
co-sing with my mom on her new car? - looking into it
paying my credit card


i allready got me a savings and checkings account, no late payments on anything

2007-09-18 18:31:22 · 9 answers · asked by Anonymous

if someone has an outstanding debt with you...can you affect their credit?

2007-09-18 16:54:50 · 6 answers · asked by andrewakawoodz 1

At 20.55%, I would like to have it paid off by Feb O8, I'm think up putting at least 100 or more every month to get it down, most of the charges on it are from things I've helped my mom with. So she pays a little each month around 20 each month. So I was wondering how long would it take.

2007-09-18 15:12:53 · 8 answers · asked by Anonymous

just curious ^_^

2007-09-18 15:00:33 · 7 answers · asked by ★→Damian←★ 4

Ok I have a 2 year old debt of about 2500 that has been charged off. I finally can afford to start paying it off the only problem is I don't know who to send the money to. The original credit card company or the collection agency.

Also do I have to pay the exact amount or can I just pay it off in installments. Any help would be appreciated.

2007-09-18 14:38:57 · 2 answers · asked by cbustetter01 1

Two years ago i lost my job and all hell broke loose with my finance, i couldn't pay my bills anymore so my credit card got charged off, phone got cut off and a few other bills that was placed in collections. I was able to get a job in january of this year and is now trying to fix my problems, but i have no idea where to start. I called the credit card company to make payment arrangements but they said i have to pay it in full and i can't because am not working that much money. I really would like to buy a little condo so my son could have his own room and all, i now learn to drive so i would like to get a car someday also... now it's not possible with a credit score of 450. pleaseeeeeeeeeeeeeeeee somebody what can i do? help me to start clearing this thing up, am only 23yrs old and am a single mom with no family around so it's hard but am trying, i just need some good advice to steer me the right way. if anyone reading this knows of a way or things i can do please let me know thank yu

2007-09-18 13:18:20 · 3 answers · asked by Q 1

we used to live together and now we dont. he has the furnature in our old place still, and the agreement was that we would both pay the monthly min. so that we pay it off sooner. well i looked at a statement today and i realized he hasnt paid in 3 mo. What should i do, the stuff is on my credit but its in his appartment. we are friends still.

2007-09-18 13:14:20 · 5 answers · asked by a084p 1

hi everybody,
My questions is : if i applied for a personal loan from any bank ? will this application affect my credit history or no ?
my credit score is 678/850 so what will be the average of the loan amount and the monthly payment amount i will pay for the term of 60 months and what bank can give me a loan of $13000 wih a a low APR ....

2007-09-18 13:14:15 · 1 answers · asked by naderbd 1

I live in San Francisco. In my old hood the corner store charged you for credit/debit purchases under a certain amount. My new corner store charges 50cents for any and all card transactions. Is that legal?

2007-09-18 13:12:59 · 11 answers · asked by aaron b 2

I have read through a lot of the questions that have already been asked but I have yet to find exactly what I am looking for. I have been slowly but surely paying off some of the items on my credit report, all of which are delinquent by several years. My current credit score according to Experian's Triple Advantage is a 548, and I would really like to increase my credit score by atleast one hundred points so I can purchase my first home in the very near future. I recently contacted a realtor who pulled my credit report and showed my high end credit as 614, mid of 610, and low of 598. I don't quite understand why none of these numbers match what I am showing on my active Triple Advantage account, but I was told to wait atleast six more months and try to apply for a home again. I was approved on this attempt, but for $25,000 less than what I need and the interest rate was 7.5%.

If anyone has any advice or words of motivation for me I would greatly appreciate it! Thanks all!

2007-09-18 13:07:22 · 3 answers · asked by Mr. Knowledge 3

checks were not made out to any one, are they cashable, or if i cash them do i have to pay the amount back????

2007-09-18 13:03:46 · 5 answers · asked by jeff D 1

I ordered two tires from Wheelguyz in Florida, back on August 13th, and was charged $150 on my credit card. They later called back and left a message on my answering machine, that they weren't in stock, and would refund my money, but after 30+ days have not. Can't get them on the phone either.

2007-09-18 12:41:07 · 1 answers · asked by mark 1

i dont have all the money

2007-09-18 12:13:56 · 6 answers · asked by Krystle 1

I have heard I can do a pay to delete on my charge off. To make a long story short. My ex charged up a credit card we had together and left me with the bill. I was able to pay half of it, but the other half I let go to a charge off. I was sick of his mess. I didnt pay it since reguardless it was a charge off. If I do a pay to delete what are they deleting? The neg. times? The entire account like it never existed? or just the collection company? Can someone tell me what I need to do to start this and what it will do for me. FYI, balance is $581.Thanks

2007-09-18 11:09:11 · 3 answers · asked by Anonymous

It would save me money to qualify for a loan now, get the new vehicle and then walk away from the current lease, probably about $2-300 a month. I own a home i rent out I am looking to sell and still want to purchase a primary residence. It is crazy that when I realize my debt exceeds my income the leasing company will not help me out. Their answer is to pay the residual and get out of the lease, which is 17K. Any advice or ideas? I was unemployed for a few months this year and am now working just not at the level of income I was at. I have 5K in checking and saving I dont want to use, 15K in credit card debt and 55K in a money market.

2007-09-18 10:58:58 · 4 answers · asked by jim h 1

fed dropped rates 0.5% today, how long will it take for this to affect mortgage interest rates (esp 30 year interest only), if at all?

2007-09-18 10:48:21 · 4 answers · asked by curiousmorey 2

2007-09-18 10:46:43 · 3 answers · asked by zman 1

There is a credit repair service upstairs and they write letters to the bureau but its like 1500 bucks for me and my husband?!! I need something cheaper!!

2007-09-18 10:45:46 · 13 answers · asked by Anonymous

I just turned 18 and I wanna build my credit history right. What is the best and right way to do so?

2007-09-18 10:41:07 · 15 answers · asked by John S 2

2007-09-18 10:33:01 · 6 answers · asked by Godly woman 1

I have a former friend who is a mortgage broker and 2 years ago when we were going to refinance I allowed him to run our credit for that purpose. Since that original inquiry, he has proceeded to "check up" on both my husband and I by running our credit 4 more times in the past 2 years. These are hard inquires that are negatively affecting our credit scores! I realize that I have an uphill battle with the credit reporting agencies and I'm prepared for that, but who do I contact to report him? It's not only unethical and wrong, but it's highly illegal!

2007-09-18 10:29:12 · 4 answers · asked by Monica W 2

I owe a bank some money, and it was years ago when I was younger. I had started working for a company and because I had failed to appear by phone, which was bologna because when they sent me the letter the phone # they had was wrong and they knew my real # because they had called me previous times, they started to garnish my wages. I was pregnant at the time and after having my baby I had to quit because my paycheck was so little and I have two girls, and daycare is expensive. I own nothing and have no money. I sent them a sheet with questions about my finances and didnt hear from them for 3 months. Now they send me a letter saying that they will continue garnishing wages from the company I quit working for. But why when I sent them a certified mail of the sheet showing I quit and have no money. I am confused, any advice?

2007-09-18 08:44:12 · 4 answers · asked by linda mari 1