Credit - October 2007

According to MYFICO.COM, "Your FICO score measures the age of your oldest account and the average age of your accounts." So what this translates to is: Age Discrimination! They also say, "FICO High Achievers opened their oldest account 19 years ago, on average." How are we, in our twenties, supposed to have THAT long of a credit history? Or do lenders take into consideration our age and then understand why we have such a short credit history? ( 15% of our score is based on LENGTH ) In my opinion, they are basically saying the older we get, the less of a risk we become?? NOT ALWAYS TRUE

2007-10-11 07:02:01 · 7 answers · asked by Angeleyes78 3

Is the cosigner of an auto loan responsible for the loan if the loan was refinanced by the buyer without the knowledge or consent of the cosigner?

2007-10-11 06:48:01 · 8 answers · asked by Pure evil 1

Okay my credit is not very good well my score's are in 539,592,574 and i really want to buy a home ASAP i no there low but then again i no there is people willing to work with me but i just dont no any where i live which is southern california i have a very good job but just looking for some one to finace me!! And i dont want to keep running my credit all the time but please if you no any one please fill free to answer this question!!!!!!

2007-10-11 06:44:29 · 4 answers · asked by dsm562 3

I have a couple school loans. However, I have about ten entries from different companies on my report collecting these two school loans. I do not get any mail from these company because of my moves. I don't know who I should contact to start paying them. Is there any free credit help or counseling out there?

2007-10-11 06:12:48 · 4 answers · asked by sandy 2

I have about 6,000 dollars in unpaid hospital bills. I've been told by many people that this doesn't affect your credit. Is that true? If it does affect my credit, what are my options?

2007-10-11 05:59:50 · 15 answers · asked by Anonymous

What is teh best credit card to get to help fix credit? My Credit score is not good...Like a 550...I Need to get a credit card but no one will approve me! Help!

2007-10-11 05:51:40 · 12 answers · asked by Anonymous

My father is 63 years old and he's is not working anymore.
He had a creditcard debt of about 9000 dollars and I think the creditcard company sold it to the collection agency. What happens when it goes to collection agency? He doesnt have any property under his name. Just a automobile. Can they take his social security check from him, since he doesnt have any income?

2007-10-11 05:51:05 · 10 answers · asked by Anonymous

are there any sites where i can get a FREE credit report and will it hurt my credit to even check it? Also, if i have submitted applications for pay day advance to about 6 diff lenders and even if one says not approved, does that hurt my credit even if ad says no credit checks?? please help!

2007-10-11 04:56:33 · 10 answers · asked by meagan m 1

i have fallen into the trap that is credit cards. i currently have 4. now, 2 of those are pretty high up, while the other 2 i could pay off in about 2 months. which should i pay first, the high credit cards, or the lower ones that i could pay off in a few months?

2007-10-11 04:55:24 · 6 answers · asked by icomeanons 2

I am aware that a secured credit card will help me boost my credit score as long as a I pay on time, but if I can get qualified for an unsecured credit card, should i get one?

Basically my question is, will one raise my score faster or higher than the other? Do lenders look down upon "secured" credit cards?

2007-10-11 03:45:03 · 7 answers · asked by CJ 4

2007-10-11 03:39:58 · 2 answers · asked by candycane 1

2007-10-10 18:07:03 · 5 answers · asked by Me 4

buy the things i wanted, will the card work ???? Does he need to come? We have the same last name, which is really different from any others.

2007-10-10 16:29:26 · 5 answers · asked by ViVi 1

im 21 years old and i have a debt from when i was 18, i got my truck fixed and the check bounced, and now a collection agency wants to be paid... im also looking to buy a new truck... i was wondering if there was a way for me to take out a loan to pay everything and buy the truck i want... i dont have any established credit yet.. are there any places that would give me a loan, please give me some websites or something that i can look into. thanks

2007-10-10 16:07:34 · 2 answers · asked by Anonymous

I live in South Carolina, my credit is nearly ruined from medical bills from me and my 2 kids. I've just recently in the last year or so been able to start paying on them, so i have quite a few on my credit. My friend says they can't do that and its illegal, that she got a lawyer and he told her the same thing and force the company to remove it from her credit. So any help here, websites anything?

2007-10-10 15:58:18 · 9 answers · asked by babygurl 3

Its a 2007 Honda Civic EX i owe about 21,000 on it, i dont think anyone would by it because they could go to a car lot and get one for 19,000. my credit right now is very good for my age(21) i know having it repoed or filing bankrupt will hurt my credit i just want to know how bad and which one would be better repo or bankruptcy.

2007-10-10 15:56:07 · 6 answers · asked by trixi 1

Hello, I have a bad situation now. I made a verbal agreement over the phone with a collection agency to pay off a freinds debt. I was at work at the time so I did a 3way conversation w/ my friend, the collector&me. I have my friend permission to give this man my bank account info. I live in NY and hte agency was in Ca so by state law this was the only way I could pay. I decided that I dont want to pay for my friend. can the agency take any action against me since i made a verbal agreement. The agecy issued a check w/ my bank info and it was being used to take the money out of my back account. my bank sent the check back to them since i didnt give authorization (meaning my signature) i asekd my bank if my authorization over the phone would be good enough and they said no. I dont want to the bothered w/ this cause its stressful. my main question is can the agency do anything to me if i tell them i dont want to be a part since i made this agreement over the phone. pleeease help!

2007-10-10 15:54:52 · 6 answers · asked by JC 1

It was my first credit card, and they closed it due to inactivity. Now my credit score will fall because of it. Is it legal to do? The card was in good standing.

2007-10-10 14:14:53 · 11 answers · asked by Anonymous

what if you have no credit cards, checks etc.?

I have a checking account but no credit/debit card I pay for everything cash and check. So, what do people in last minute situations do?

2007-10-10 13:28:47 · 6 answers · asked by memoss24 2

I had a problem with Nextel, never gat the service but was billed for it. Try for a year to fix it by phone. i tought it was ok and rhen the collection agancy started to callevery day. it was only 100us so i paid...now my credit score is destroyed...what can i do?

2007-10-10 13:05:12 · 5 answers · asked by joshua m 1

I have never had a problem with overdrafting before until today. I religiously check my balance (Once everyday online) Before making any purchases. Lately, I am not sure where things went wrong, but I noticed my purchases were not showing up online BUT my balance kept going down. I assumed that what was posted online was my available balance(b/c thats how its always been) but for the past week my purchases were still not showing up but my balance continued to go down. My paychecks are directly deposited into my account so I checked to see if that cleared. it had, but instead of having an available balance of $430, it was $175. I was very confused when I saw that I had an overdraft fee of over $200. I called wachovia's 800 number and they said that they could only refund me $50. But I really feel frustrated because I dont believe I was totally careless, as I always keep track online for its "convenience", yeah right. Is there anything else I can do?? I dont want to lose all this money.

2007-10-10 13:00:03 · 4 answers · asked by Hmmm 1

I received a card in the mail from first national card. According to my investigation on this company, it is not a good company. How do I immediately desactivate my card?

2007-10-10 12:46:28 · 2 answers · asked by lyndsay 1

I'm selling a sofa on craigslist and need some advice on this response:

"I got a correspondence from my financial agent that he has sent you
the check. The amount on the check is a little higher than the normal
amount, this is so because after the check clears your bank and you
deduct
your money, the difference would be sent to my freight forwarder who
will
also come for the pick up of the item.
Do let me know when you receive the check, also let me know if you
have
deposited it and when bank says you should come for the funds. You can
contact the freight company via :-

Waiting to hear back from you.
Thanks for your services..

2007-10-10 12:45:12 · 8 answers · asked by leclercnlakenona 1

I have a chase credit card for school, that i recently paid off completely. Today i got a bill for 600$, because somebody made cash advances. My account has been switched and the old card cancled. My question is, how will they know who comitted the crime, and will i have to pay for them?

I have a feeling it was my little sister, as she has been walking around with loads of money, shes done it before, but i dont want her in trouble because she my sister.

Also how will they prove its her?

2007-10-10 12:03:20 · 8 answers · asked by MOMMYS-TWINS-ARE-IN-HEAVEN 4

I am going to Japan next summer, and will be needing extra cash.
Im going to bring my credit card with 1k on it for expenses. But I also want another credit card with another at least 1k on it for more expenses and food.

I see a lot that say 0% APR for first 6 months (on purchases and transfers etc)
Is that interest? does that mean that if I buy something today, it wont charge me interest until 6 months pass?

Does that also mean. that if i get the card today. but i dont make any purchases on it until June 2008(9 months) will the 0% apr still count? does it start from when i get it..or from my first purchase?

2007-10-10 11:39:35 · 4 answers · asked by Anonymous

Okay...so I pay a little bit more then the minimum fee every month and my balance still never seems to go down!!!! Last month I paid $100 and my balance only went down about $30! All the rest went to finance charges. I'm living pay check to pay check and I can't afford to pay much more than that. This card is killing me! I asked the company (WaMu...previously Providian) to lower it. But they said no. I've gotten denied for other "blance transfer" offers I see online. But my credit is decent (about 670). I owe about $3500 on it and I've been stuck at that amout for months. And I don't even use the card anymore.

Does anyone know of any good card i can do a balance transfer on? Or any program for smaller debt relief? I feel so hopeless.

2007-10-10 11:24:48 · 9 answers · asked by Josh 3

I have several charged off credit cards n I was wondering if they could file a judgement on you if the only income you are getting is SSI - Social Security

2007-10-10 11:17:00 · 7 answers · asked by Anonymous

i think they have sold the debt to another credit agency. Do I have to wait another 7 years from the date this new agency reported it. I dont think so but Im curious as when is this going to be out of my credit. (more details) on my credit report capital one is reporting as ok, now OSI is reporting the same ammount since february this year.

2007-10-10 11:00:45 · 7 answers · asked by nina3311 3

2007-10-10 11:00:03 · 3 answers · asked by LISA B 1

2007-10-10 09:48:01 · 5 answers · asked by jtonya02 2