Bad Credit Questions
November 20th, 2009 at 04:55pm
Under Bad Credit Questions
bad credit apartments
Question:
I really need assistance. Bad credit apartments will not let us move in, and we need to get our son out of here.
I reside with my parents right now and they are horrible drug addicts, and they have started doing drugs near my three month old baby. I warned them that my son isn’t going to grow up that way so they are throwing us out. My future husband has horrible credit and no bad credit apartments will take us even with a very large security deposit. He has no evictions or bad rental history. I need to get him out of this place. I do not want to go to a shelter, but I will if I need to. what should I do?
Answers:
A landlord might take a risk with you, but you will have to pay a very large deposit though. You will need to call around quite a bit and explain your situation with your credit history to the landlord. You will need to try going to private landlords since they are sometimes much more forgiving about past credit history. Big apartment complexes have a certain standard, and they are usually never flexible with poor credit and evictions.
Furthermore, you should check out your community and check if they have “Community Action”. It assists families in crisis like eviction or water/electricity shut-offs. You need to demonstrate both a financial and safety need. They just might put you up in a hotel or shelter for women with kids until you find any bad credit apartments. You would need to find an apartment that accepts a voucher from them as they would pay your first month of rent. Contact your local welfare office to check if there is a program such as that for you.
I am sorry that you are going through all of this. I certainly hope there are better times for you and your child. I wish you good luck.
By admin
November 6th, 2009 at 12:00am
Under Bad Credit Questions
Question:
My credit score is really low. Would two secured credit cards for poor credit that i pay for on time increase my bad credit score?
Please Help Me I am requesting for Some Advice.
Answers:
I am employed as a credit analyst as well as an underwriter at a credit card company, and I manually review credit record histories for limit increase requests and normal applications for credit, so I would have knowledge from experience of your situation.
To answer your inquiry, without having any background about your credit history, it’s difficult to really determine how big of a difference it would make, On the other hand, I can tell you what you may do to make the most out of these two secured credit cards for poor credit you have, as that’s the ideal thing that you can do to re-establish your score.
First, it is good to know what your score is composed of:
- Payment history makes up 35%
- Entire debt owed to existing credit ratio-30%
- Period of time establishing credit-15%
- Types of credit that is built-10%
- New applications and inquiries-10%
If you pay on time, that will rule out the first one. There is no real shortcut to that, so that will require time. But what you may take care of is the second one. The best thing that you could do should be to make little purchases of about 20 dollars maximum, and pay it in full and on schedule, each month AND increase the deposits to bring up the limit. When you have a balance of zero and a big limit would be the best combination for a credit rating because that indicates you have all your available credit and you have zero debt. Bear in mind that just as long as you keep the accounts in decent status, you will receive the deposit back sometime in the future anyway, so it would be to your benefit to increase the limits as high as you can, seeing as you wouldn’t have the ability to do it with some other credit card. However, as long as you do the things I just listed, you’ll see a big improvement!
By admin
October 16th, 2009 at 12:00am
Under Bad Credit Questions
Question:
I am searching for a unsecured personal or bad credit signature loan by the end of this month with poor credit. Can someone assist me?
Please provide legitimate answers only. Thank you.
Answers:
I hope the loan is for a critical reason, since your track record will bring about a large interest rate for certain and depending on the total that you might need will also bring specific rates even higher. You can obtain those loans on the internet. Just go to any web site and they will provide the link for you.
I looked over one of them just to learn about what it was all about.
They first attempt to get you to contribute to a company to search for those loan companies who are wanting to give you a loan. The service costs 178 dollars, and that is even prior to you getting to the loan company. Then, for the service they provide to you in locating the loan, they subtract the service charge of 187.00 and you get what is remaining in the loan, but again, they withdraw the charge of the actual loan from the top and then you probably will get that. I think you are better off going the local man at the corner market and learn about what his deal is, since it may be cheaper.
In other words, avoid them as much as possible. Go sell your dad’s riding lawn mower. He will not need it for the next few weeks, since it’s cold outside at this time of the year. He will not have to cut the grass until probably March.
I use to get spam all the time telling just that. I heard that what some of them do is steal your info, but if you have bad credit signature, what does it matter? Also, sometimes they tell you it’s a one time fee of 29.95 or 99.95 and once you pay it, you never get anything. Be careful. Try google. You can find anything on there.
I use to receive spam all the time claiming just that. I read that what some of them do is illegally take your information, but if you need a bad credit signature loan and have bad credit, what would it matter? Furthermore, sometimes they tell you it’s a single fee of 29.95 or a hundred dollars and once you pay it, you will get nothing. Be wary. Try searching on google. You can find anything through that.
By admin
October 16th, 2009 at 12:00am
Under Bad Credit Questions
Question:
How does one obtain a credit card with cash bad credit and if you are employed with a cash income?
I working from home because I have a disability. The main way I make money is constructing a website to get money, and all my money is going to the bank. I do not get pay slips but cash since it has been deposited in the bank. I want to obtain a credit card but I currently have cash bad credit. I would like to know how a person can build credit if you cannot get credit card. I want one to order things and things of that sort. Does anyone know how, which banks offer credit without investigating your credit history?
Answers:
Why don’t you apply for a Visa Debit Card through your bank?
It is similar to a Visa card but you can only spend what you currently have in your checking account.
You have to really fix your credit back up so maybe get a secure credit card and progress your way up to unsecured.
Many drug stores issue prepaid credit cards for like 19 dollars to load them up at first and then 5 dollars everytime afterwards. they are known as green dot. you can go to their website and check to see where a local store may be situated for you to get one.
Everyone is right so far about a secured credit card. Because every card company checks your credit you will likely get turned down for a normal card. Your best bet will be to go to a bank like US Bank, Bank of America, etc. Any financial institution or bank that does credit cards and ask them about any secured credit cards. The one at US Bank is a minimum of three hundred dollars to begin but that is also your credit limit. After about 12 months or so, with good payments a lot of companies will change it to a regular card and pay you back your money.
By admin
October 8th, 2009 at 12:00am
Under Bad Credit Questions
Question:
I am searching for a unsecured personal or bad credit signature loan by the end of this month with poor credit. Can someone assist me?
Please provide legitimate answers only. Thank you.
Answers:
I hope the loan is for a critical reason, since your track record will bring about a large interest rate for certain and depending on the total that you might need will also bring specific rates even higher. You can obtain those loans on the internet. Just go to any web site and they will provide the link for you.
I looked over one of them just to learn about what it was all about.
They first attempt to get you to contribute to a company to search for those loan companies who are wanting to give you a loan. The service costs 178 dollars, and that is even prior to you getting to the loan company. Then, for the service they provide to you in locating the loan, they subtract the service charge of 187.00 and you get what is remaining in the loan, but again, they withdraw the charge of the actual loan from the top and then you probably will get that. I think you are better off going the local man at the corner market and learn about what his deal is, since it may be cheaper.
In other words, avoid them as much as possible. Go sell your dad’s riding lawn mower. He will not need it for the next few weeks, since it’s cold outside at this time of the year. He will not have to cut the grass until probably March.
I use to get spam all the time telling just that. I heard that what some of them do is steal your info, but if you have bad credit signature, what does it matter? Also, sometimes they tell you it’s a one time fee of 29.95 or 99.95 and once you pay it, you never get anything. Be careful. Try google. You can find anything on there.
I use to receive spam all the time claiming just that. I read that what some of them do is illegally take your information, but if you need a bad credit signature loan and have bad credit, what would it matter? Furthermore, sometimes they tell you it’s a single fee of 29.95 or a hundred dollars and once you pay it, you will get nothing. Be wary. Try searching on google. You can find anything through that.
By admin
September 13th, 2009 at 12:00am
Under Bad Credit Questions
Question:
Can a creditor erase bad credit if I choose to settle with the collection agency?
I currently have a debt with Chase and I believe it was sold to a collection agency and then sold again to another collection agency. This 3rd one issued me a letter yesterday to settle on 264. If I give them this amount who will repair my credit report? The collection agencies never put their negative label on my credit report. Only Chase is on the report and it states charge off since 2006. So could the collection agency fix this or not?
Answers:
The collection agency will only remove or change their own listing, not Chase’s.
You need to obtain an agreement in writing with the collection agency that states they will not report it to the credit bureaus and take away any listings they have already put on there. This is vital as many collection agencies will go ahead and place the negative listing on your credit reports even if you pay them before they do it.
As for that Chase listing, you can attempt to file a dispute with the credit bureaus or writing Chase a letter.
In your effort to erase bad credit, you can consult the Collection agency regarding getting it taken away from your credit. If they refuse to help you, once you since the payment of $264.00 or the previous payment of the $264.00 on the reverse side of the check, that if they cash that check they will be agreeing to remove all negative data in regards to that account from your credit report. If that check is cashed and they do not remove the negative data, you can argue it with the credit bureaus.
Nothing can fix your credit report or erase bad credit, including paying your owings. The thing to look at is if your original credit card is being regularly updated. If it isn’t, you could call the CRA and initiate an investigation, then do the same for the collection agencies. If it’s only $264 and is a representation of only a fraction of the original then it’s probably worth it to make it disappear. Then in six months to a year, call and request an investigation regarding your credit report. Tell them you are not familiar with the account and there’s a great chance it will just be taken off.
By admin
August 29th, 2009 at 12:00am
Under Bad Credit Questions
Question:
Student Loans, Bad credit, and without a cosigner. What to do?
Whenever I apply for a student loan, I get rejected. I don’t have great credit and every other person in my family has terrible credit, therefore a co-signer is not an option. I have to work three jobs to pay for tuition which leaves me very little time to study and tired througout my classes, thus resulting in 2.1 to 2.4 gpa every term which means scholarships are not an option either. Not to mention that I have to pay out of state tuition. There is not a single school in my state that offers my focus: Hospitality and Health Management. Also I hate living here and don’t really care for this city at all. I like my out of state college and the state it is in. I considered becoming a resident of the state to get in-state tuition, however, I would have to drop out of school for a year and be employed full time. I do not want to be in school for five or six years and I’m already lagging a year behind and I started in 2003 and I am still considered a Junior, so I will not do that!
. So are there any loans available for a person like me?
Answers:
Often times the best thing to do is what we don’t want to do. If the difference between in-state and out-of-state is relevant , which is typically true, it may be in your best interest to take a year to gain residency. In the grand scheme of things, taking an extra year to get a degree won’t make a big difference in your life twenty years from now.
This may also give you a chance to apply for a federal student loan which doesn’t take your credit history into consideration for approval and they won’t ask a co-signor if you’re an adult.
Federal loans such as the perkins and stafford would be the ideal way to go, you can find additional information about them at http://ed.gov and check out rates and fees of different lenders at websites like http://www.studentloanconsultants.com.
By admin
August 22nd, 2009 at 12:00am
Under Bad Credit Questions
Question:
Where can I obtain funds to begin a small business with personal bad credit?
I’m searching for a small loan to start a business but I currently have some negative credit. I’m only trying to get 5 to 15 thousand to be used for promotions. I have worked in the printing and graphic design business since 1996 so I do have experience.
Answers:
I would recommend starting the credit issue. Either employ a reputable personal bad credit repair service, or obtain your credit report and start contacting every creditor who lists anything that you dispute.
Rather than cash, see if you can get your vendors to send you net 30 or 60 day terms regarding promotional material. You have been in the industry for some time and if you have gained a relationship with them maybe they would cut you a break in good faith that you will bring future business.
Do you own any collateral? I got a loan from Wells Fargo Financial a while back and I have personal bad credit as well. Also try AIG. Do be cautious of the loan scammers out there. Never give your personal details to any lender unless you get a verifiable business name, address and phone number. And the big indication is that the lender will want money up front before you get the loan. That is not legal in the United States and Canada. If there are any fees associated with any loan, they would be deducted directly from the loan proceeds. Best of luck.
Banks work their own construct for opening accounts. As far as I know, they used Chexsystems. It’s essentially credit report for your checking and savings accounts.
Even with personal bad credit, they shouldn’t automatically deny you for an account. If you have a poor mark on Chexsystems, you will be rejected.
When I had one a while back, I essentially had to ask one of my friends who knows or are at least has a good relationship with the bank account manager. He put in a good word for myself and they opened an account for me.
Ever since then, I have carried out this referral thing for a couple of friends of mine, and it worked for them also.
By admin
June 16th, 2009 at 12:00am
Under Bad Credit Questions
Question:
Where can I find the best online bad credit loans?
Answers:
There are a few tips for you to obtain online loans easily.
Come along for some fast help to give a push to your lagging finances? It will be much more troublesome to obtain money if it is needed urgently. However, small amounts can be acquired with the help of fast loans if required for some personal usage before your payday.
With the assistance of fast loans, borrowers can obtain money easily without any guarantee. Such loans are easily and quickly received for borrowers in urgency. The money is available to borrowers so that borrowers may accomplish there necessities at a small or short notice, until their next payday turn up. This loan facility is especially beneficial for those borrowers who have burned through there pockets in the last week of the month or before that.
Before taking these loans, borrowers have to qualify for some of the requirements. Such as: The borrower must be working for at least six months, the borrower must have been living in residence for at least three months, must have reached the age of eighteen years, and at least a six month old existing bank account.
The money that borrowers can take through instant online bad credit loans is in small amounts which do not require any collateral such as assets, building, car and so on. The money given is for 12-31 days until next payday arrives. The amount of that is also less as it is utilized for day to day expenses the money given by the lender is less.
The cash that can be borrowed through fast loans usually ranges between 50 to 2000 based upon the need and the repaying powers of the borrower. The cash is made available to borrower for a large rate of interest, higher than on secured loans. These are the unsecured type of loans since no asset is taken by lender. The borrowers have to look over many sites before applying for these loans online. By conducting online research borrower can get best deal. Many sites are also providing online calculators that may help the borrower to find out the exact amount they have to pay in lieu of loans. This can benefit borrowers to find the best deal even they can save cash.
With the assistance of instant loans, borrowers are able to spend money for their urgent requirements. The greatest feature of such loans is the instant approval needed in urgency
By admin
June 13th, 2009 at 12:00am
Under Bad Credit Questions
Question:
Would there be any car dealers who would accept bad credit or even no credit?
I am wishing to buy a used car for a recent year, but I’m quite sure my credit is poor due to identity theft. Anyway, I was basically wondering if there are any bad credit dealers who will approve even with bad or no credit history. I understand it’s still recession, so would they have a way of working things out for borrowers with bad or no credit at a time like this? Thanks for your input.
Answers:
Unless you go to some Buy-Here Pay-Here location, bad credit dealers go through different lenders and banks for financing. The Buy-Here locations will probably approve you, but for a really high interest rate. If you go to a normal dealer, most of them will have what they refer to as a special financing department with whom you may talk to.
If your credit is poor due to Identity Theft, this might be something you would like to work to fix and take care of first. Not only would this save you hassles in the long run, but if you could fix up your credit it will acquire you more favorable terms in loaning which can only save you funds.
Car dealers do not finance, they contract out to banks and finance companies for that type of thing. They typically have several they work with, and can usually find one that will be approprate with your bad credit. The catch is you will be subjected to a much higher interest rate.
Identity theft is an issue that can be remedied. Have you put in a fraud alert with the credit bureaus? Did you dispute the debts on paper with the various creditors that say you owe them money? This is really serious and can hurt you far more seriously than an increased interest rate. It may haunt you for many years to come.
By admin
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