Credit - December 2007

I was in the process of combining checking accounts with my fiance. A check that I had written out of my account for auto insurance apparently wasn't immediately cleared like it always has been, it took a few weeks. In that time, I had moved money into her account, put both our names on it, then closed the one that I had. After that, I got a notice that the check had bounced, and I ended up having to pay a fee because of it.

A bookkeeping error on my part, and I take responsibility for not triple-checking that all transactions had been processed. I've never missed a payment before, this would essentially be my first offense.

How will this affect my credit score, if at all, and how might this affect what kind of loan I can get on a mortgage?

2007-12-06 10:12:18 · 8 answers · asked by Anonymous

I've read alot about building credit and I've read that your credit score is calculated by FICO which increases your score depending on how many on time payments you make and decrease on how many you miss. It also decreases it if you apply for too many credit cards and do other little things like that. So does having more credit cards increase your score as long as you dont have an outstanding balance? or does it lower it? If you have a credit card with no balance does that lower it the longer you have it without using it?
I know this all sounds confusing but I'm new to all this and I just recently applied for so many cards which was probably bad. I finally got a few and I wanna make sure I approach this correctly to build credit without going in debt or screwing myself over like many people.
Any info/tips on this topic would be greatly appreciated. Thanks a lot!

2007-12-06 09:38:34 · 10 answers · asked by Sarah 3

My husband has a card with (limit is $2,300 balance is $2,005) a 29.99% so the finance charges are $55monthly, and the minimum payment is $74 so l have started to pay the monthly plus the finance charges to try and get ahead instead of just the minimum as i was doing before. I would like to get a new card with lower apr% but his credit report isnt the greatest because he has a pre-forclosure short sale derogatory trade on his report, his mid fico score 2 months ago was 631 so his credit isnt horrible but that short sale is hurting because he cant seem to get approved for anything! not even with our own credit union! He makes gross income of $3600 so we have good income just bad report. My mid score was 662 2 months ago, but I have a 27,000 car loan with monthy payments of $540 and income of less than $500 a month. So I know i wont qualify for a credit card even though I get great pre-approved deals in the mail everyday, i know my score is decent but my income isnt. Anyone have advice?

2007-12-06 09:08:05 · 6 answers · asked by L.B.83 1

I'm trying to get a credit card to build my credit back up....and I have really bad credit....what credit card can I apply for, and get accepted?

2007-12-06 08:32:51 · 9 answers · asked by kevin77794 3

My husband wants to co-sign a loan for his cousin. How could this affect MY credit in a negative way? I have good credit and don't want it ruined.

2007-12-06 07:23:11 · 13 answers · asked by kimbakererie 4

2007-12-06 06:45:24 · 8 answers · asked by Myself 2

If the mortgage companies was makeing money at 7% then they can stay ther an still make money

2007-12-06 06:36:06 · 7 answers · asked by howaboutit99@sbcglobal.net 2

What does it mean when you have a debt that has been written off on your credit report?

2007-12-06 06:33:33 · 3 answers · asked by ♫Joshua's~♥~Girl♫ 5

What stores could you use BP gas cards. Could you use them only at BP or is it like a regular credit card?

2007-12-06 06:27:34 · 4 answers · asked by Anonymous

I would llike to obtalin a loan to pay off all of my debt an no lender is willing to give me a chance. When I first turned 18 years old i was careless ran my credit cards and uitility bills up and didnt pay on them... Now I am paying for it big time!! If anyone knows of anything i can do besides save money and pay them off please help!! I have been doing that but with a job that doesnt pay very well and 3 kids to have to worry about its really hard to save money to pay off bills i have now and bills from my past!!

2007-12-06 06:26:03 · 10 answers · asked by lorenamgonzales 1

i receive this letter in the mail about union workers credit is this for real

2007-12-06 06:24:31 · 3 answers · asked by mygirlsyasiel 1

my wife joined bingosky and paid £10 with my credit card she won£40 tried to draw £30 winnings but cuodnt because it was my credit card not hers just because my iniatals d not m so they suspended her account and said they are going to put all money into charity just because she used my card with my permission notice here it did not stop em taking the money though so ?should they inform me which charity there putting it in amount £30 i recmmend anyone dont join s
bingosky i joned earlier and won £50 tried withdraw after a week still pending end up canceling withdrawal and playing it till i lost it
these bingo sites are all well and to you want to withdraw money ohers are excellent like gala sun mecca

2007-12-06 06:02:22 · 2 answers · asked by dr gollum 2

so i heared there are ways around getting your credit score a fare score by removing unwanted items off your credit w/o having to deal with debt consolidation companys and wanted to see what it was about?if there is anyone who can tell me about this lease give me some feedback my credit isnt horrible i just dont have enough and maybe one or two outstanding bills

2007-12-06 05:36:44 · 3 answers · asked by tara c123 1

I checked my credit report and I see the inquiry. How can I find out who did it? And if I call the CC company will they cancel the card without it affecting me?

2007-12-06 05:26:03 · 23 answers · asked by Anonymous

Equifax credit report is 653 on a scale of 150-930
Experian credit report is 633 on a scale of 150-930
TransUnion credit report is 629 on a scale of 150-930

should i add them up and divide by 3>?

what does this mean???

2007-12-06 05:10:20 · 7 answers · asked by EL Nene Catracho 1

2007-12-06 05:00:10 · 3 answers · asked by peaches7160 1

I have the following debt:

TD GM VISA $25000
CIBC VISA $15000
MBNA Master-card $6000
MBNA LOC $21500
----------------------
Car loan $4000 (with my ex): (this car is under his name)
Car Loan $13500 (jointly with my spouse
---------------------------------
House purchased on May 2007
purchased price $296000
Mortgage $288000
its a joint property with my spouse

currently i am not working for my baby and physical condition (accident). now it is very hard for me to pay the high monthly credit card bill.

what can legally my creditors/ collection company do against me, when i am unemployed. Can they sue me? or take equity from our house (jointly with spuose)

2007-12-06 04:01:09 · 6 answers · asked by N C 1

2007-12-06 03:44:03 · 6 answers · asked by april c 1

I heard you can buy something, gum, candy, etc and get the remaining cash back... is this true?

2007-12-06 02:11:01 · 3 answers · asked by Anonymous

I've been at the same job for 2 years. I make $24,000 a year. I had one blemish on my report but I paid it off this month. I have no score for two reporters (equifax, transunion) but I have a poor (not very poor) score for experian. Thanks ahead!

2007-12-06 02:05:51 · 7 answers · asked by Spirit-X 4

I have a credit card debt of $995,called the collectors & asked them if i could make a monthly payment but the associate i talked with offered to give me $780 to settle the debt,so of course i jump at the offer,but i told her that it'll have to be on my next paycheck since i don't have the money right away i gave them a check with my routing & checking account # ,so then comes the day, that they were suppose 2 take it out of my checking account,i waited past the days,2 to 3 days,then a week & a half.so by that time i needed the money to pay my rent,food,& 4 my toddler.so i used it & then a few days went by, a message from my bank informed me that a returned check was made due to insufficient fund(of course it was insufficient i used it since the collection agency didn't take it off my bank, i needed the money), i called the agency & spoke with the same woman & she wasn't really nice & didn't want to renegotiate wants me to pay it as we agreed.

2007-12-06 01:46:47 · 5 answers · asked by rizell2004 2

2007-12-06 01:45:48 · 6 answers · asked by autumn1483 1

approved for the loan with no problems. Does that meant that I have good or at least decent credit?( the car I got was 2006 kia Rio and I pay $280 a month if any of that matters)Now I plan on trading my car in at the begining of the year and I do have more forms of credit and have been pretty good about paying my bills and car loan on time so could my credit have possibly gotten better? and would I have a better chance getting a car that was a little more expensive? I know that nobody on here can give me a definite answer without knowing my credit history but I was just wondering if anybody new a little about credit and could tell me something.

2007-12-05 20:39:21 · 5 answers · asked by Not a Good Role Model 3

how can i get credit card that were included in a BK 5 years ago to stop reporting to my report or can they report for the full time the BK shows on my report?

2007-12-05 20:01:20 · 4 answers · asked by tbone95843 1

2007-12-05 18:02:56 · 2 answers · asked by mickymo1 3

I have a VISA credit card with $2000 credit line. When i signed up for it, the APR was very low. However, in the past month i went over the credit line accidentally and didn't know about it.

So i got fined $40 for going over the line and then my APR skyrocketed to 35%. It more than tripled only because i accidentally went over $2000 in the last month. I do not have health insurance so i used my card for medical treatment of bone fracture when some car hit me and didn't stop even though i was standing on curb.

I now see that the minimum payment became like $200 all of a sudden. Before it used to be that minimum payment was never more than $15 to $20.

Based on this kind of increase, i will never be able to pay anything more than minimum payment.

Why was i not told that if i go over credit line then APR rate will explode?

Also if accidentally for first time i went over, due to medical emergency shouldn't the visa credit card company be considerate enough to forgive?

2007-12-05 16:49:18 · 9 answers · asked by Anonymous

We have about $15,000 in credit card debt and would like to pay it off in one year. Is this possible?

2007-12-05 13:12:33 · 6 answers · asked by Anonymous

I'm pretty new to the whole credit card thing. I currently have a WaMu credit card that is interest free until January 2008. In January, the APR will be Prime Rate + 23.74% . My balance as of right now is $1269.69, but should be around $1000.00 by January. What I want to know is how much interest will I most likely pay during January & February. I'm using our tax refund to pay the balance off in whole - not the best for credit, I know. Thanks!

2007-12-05 12:46:01 · 4 answers · asked by Anonymous

Are you convinced the Banks are not a bunch of CROOKS!
raising you intrest if you pay your bills....
What a crock!

2007-12-05 12:35:56 · 5 answers · asked by Anonymous

does anyone know what happens to the money if you dont cash the check. guess the lawyers get it. that got about 99% anyway. I would like to see what the total settlement was and how the money was distributed. they just send you what they think you will accept i suppose that is par for the course. thanks lowes, lets build something together, i would like to burn down every one of them

2007-12-05 12:32:08 · 2 answers · asked by hutchinsdp 1