i have applied for a car loan over the internet. a used car dealership website advertises they can finance people with bad credit, bankrutcy or no credit. i dont know how they can do this or find a loaner. my understanding is IF you have a bankrutcy or BAD credit or NO credit its like very hard to get a loan for anything. i hadnt heard from them yet. i am wondering if they had been going through multiple lenders to get me financed. Question......If you apply for a loan they have to check your credit score ect. how many points to you lose from they check?Apply for a loan credit score drops?
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - buildcredit.ifastnet.comApply for a loan credit score drops?
When applying for a ';bad credit'; loan, follow the following guidelines:
?Make sure they are a reputable company - check them out
?The cost will be significantly lower if you can provide any collateral, or a co-signor with acceptable credit
?Always read the fine print - you do not want any surprises such as pre-payment penalties
?Remember everything is negotiable - especially fees!
?Do not borrow more than you really need - the hole just gets bigger.
If you are granted a loan, make sure you stay current on the payments as this will help or hurt your fragile credit standing. As soon as you can, begin a credit repair program to climb out of this mess so you can get back to normal credit costs as quickly as possible.
http://www.worldbestloans.com/
Get a good money lending service today, that will give out loan for any purposes, if you are really in need of a loan, just let me know the amount you need as a loan, and contact me via emailaddress:(oceanonlinelenderservice77?br>
For the plan for the loan processing and transfer to be spelt out.
If you are faced with stress in the acquisition of a loan? or you have been disappointed by your bank?
Did you need a personal loan to secure a home, car and evaluate the finances?
Contact name: Mr John Murphy
Note:We offer only Commercial loans, Personal /Residential and Mortgage loan at 5% interest; apply for a minimum of $2000.00 to a maximum of $1.000.000.00. Interested applicants should please contact
us via email: oceanonlinelenderservice77@gmail.com
Try and see for our wonderful services that does not exceed 2 working days as the hole process is very easy
Usually every time you have an inquiry on your credit bureau your score drops. I don't know exactly how many points, but not a lot. If you have multiple inquiry's when shopping for an auto loan most bureaus will only count it as one so it shouldn't have a great impact on your credit score. What you do after you get your loan will have the greatest impact, so make sure you stay current on your loan and bring up that credit score. Good luck.
Monday, December 12, 2011
How long does it take to gain credit?
I went to get a cell phone in my name to get off of my dad's plan and become more independent, but when I tried, the company tried to charge me a $500 deposit because I have no credit. (I am nineteen years old.) So my dad took me to his bank and we applied for a student credit card for me.
I'm not going to overuse it, I never wanted a credit card in the first place. Basically my dad told me you can't do anything without credit, so I guess I have to start building it now. How long will it take me to build credit with this credit card and what is the best way to do it?How long does it take to gain credit?
Use the credit card every month and pay if in full beforethe due date. After about 6 months, you'll have a score. The longer you build the consistent, on-time payment history,the better your score will be.
I'm not going to overuse it, I never wanted a credit card in the first place. Basically my dad told me you can't do anything without credit, so I guess I have to start building it now. How long will it take me to build credit with this credit card and what is the best way to do it?How long does it take to gain credit?
Use the credit card every month and pay if in full beforethe due date. After about 6 months, you'll have a score. The longer you build the consistent, on-time payment history,the better your score will be.
Why do so many people on here say that it's ';better to have no credit cards';?
I'm not seeking credit...I have 6 credit cards, each from major banks. My last credit score was 752.
I am quite irritated to see that people are recommending to other people that it's ';better to not get credit cards at all.'; The main issue being...if they take their advice, they will have no credit. They can't get a mortgage, they can't get a car loan, they have no backup credit for emergencies, and in some areas like where I live...you can't even get an apartment without a credit check/good credit.
So my question to those people only...why do you recommend this option for everyone because it ';works for you'; to do a cash-only life? It's easy if you're a $100k a year person who can feasibly live off from cash only and do all of your purchases in cash. However, not everyone makes that amount of money to be able to pay cash for everything immediately. They DO pay their bills, but credit cards are very beneficial to them. So basically the only way the non-credit card people can buy a house is if they have ALL of the money up front to pay it completely. I doubt even those people have that kind of money on hand to just up and pay, since they live day to day on cash only and it's depleted regularly. So...what's the deal with people telling others to not get credit at all? You need credit to live in society. You need it for a lot of things, and some jobs require good credit to be considered for them. For those who pay their credit cards on time, it builds their credit and they have a backup means for emergencies as long as they don't let anything get out of hand. Why are people so bitter towards credit cards? Yes, they charge ';interest'; if you don't pay them in full at the end of the month. But some of you charge your own family/friends interest for loaning them money...how is that different, exactly? How is it ';less corrupt'; than the credit card companies they bash regularly?Why do so many people on here say that it's ';better to have no credit cards';?
i bought a house and i didnt have any credit cards. ive never made more then 40k/yr. been here 20 yrs. havent used a credit card since 2005. lent money to friends lots of times never charged interest.
it can be done. the world went around the sun without them for a long time and everything was ok then the banks invented credit scores.
look where it got us.Why do so many people on here say that it's ';better to have no credit cards';?
because the credit card like the fico score was designed to get and keep you in debt. That's all!
You have to borrow money and make payments on time to get a high score. you also have to keep borrowing money and keep making payments on time to keep a high score.
You will never get ahead financially with payments.
If you live on less than you make. Pay as you go. Save for an emergency. You will have money and not have to play kissy face with banks. You will not have to worship at the alter of the great fico.
Great question. I share your frustration. I have a son about to enter college and we are trying to get him credit.
I think most people see credit cards as large bad money making banks that force you a down a path of debt. If someone abuses them or misuses them, perhaps the is a ribbon of truth.
Most financial counselors will tell you that 3-6 credit cards are best to have. If you have to many, this will hurt you since there is to much credit available to income based on the theory you could max them tomorrow at the same time and go bankrupt.
And of course to echo your point. No credit cards or loans, NO credit.
Great question and you are 100% correct in everything you stated! To believe you should not have any credit cards at all is a matter of believing one is not capable of managing financing! That is what it is all about.
There are many cards that you can really win the game with such as interest only intro periods, or cards that give you points for your purchases to use towards other purchases, such as airline tickets. You just simply pay them off monthly and then you are not paying interest and you win with their special offers (good example, american express points for travel, every dollar you spend is a point and a certain amount of points gets you a free airline ticket, dah!)
Plus, as a mortgage lender and finance consultant, you have to have a credit history for us to make a determination on your ability to ';manage'; credit!!!!!!! Before we give you hundreds of thousands of dollars for a mortgage it makes super good sense we want to see if you can at least handle some credit cards and hopefully a car loan too!!!score a triumph formal hair
I am quite irritated to see that people are recommending to other people that it's ';better to not get credit cards at all.'; The main issue being...if they take their advice, they will have no credit. They can't get a mortgage, they can't get a car loan, they have no backup credit for emergencies, and in some areas like where I live...you can't even get an apartment without a credit check/good credit.
So my question to those people only...why do you recommend this option for everyone because it ';works for you'; to do a cash-only life? It's easy if you're a $100k a year person who can feasibly live off from cash only and do all of your purchases in cash. However, not everyone makes that amount of money to be able to pay cash for everything immediately. They DO pay their bills, but credit cards are very beneficial to them. So basically the only way the non-credit card people can buy a house is if they have ALL of the money up front to pay it completely. I doubt even those people have that kind of money on hand to just up and pay, since they live day to day on cash only and it's depleted regularly. So...what's the deal with people telling others to not get credit at all? You need credit to live in society. You need it for a lot of things, and some jobs require good credit to be considered for them. For those who pay their credit cards on time, it builds their credit and they have a backup means for emergencies as long as they don't let anything get out of hand. Why are people so bitter towards credit cards? Yes, they charge ';interest'; if you don't pay them in full at the end of the month. But some of you charge your own family/friends interest for loaning them money...how is that different, exactly? How is it ';less corrupt'; than the credit card companies they bash regularly?Why do so many people on here say that it's ';better to have no credit cards';?
i bought a house and i didnt have any credit cards. ive never made more then 40k/yr. been here 20 yrs. havent used a credit card since 2005. lent money to friends lots of times never charged interest.
it can be done. the world went around the sun without them for a long time and everything was ok then the banks invented credit scores.
look where it got us.Why do so many people on here say that it's ';better to have no credit cards';?
because the credit card like the fico score was designed to get and keep you in debt. That's all!
You have to borrow money and make payments on time to get a high score. you also have to keep borrowing money and keep making payments on time to keep a high score.
You will never get ahead financially with payments.
If you live on less than you make. Pay as you go. Save for an emergency. You will have money and not have to play kissy face with banks. You will not have to worship at the alter of the great fico.
Great question. I share your frustration. I have a son about to enter college and we are trying to get him credit.
I think most people see credit cards as large bad money making banks that force you a down a path of debt. If someone abuses them or misuses them, perhaps the is a ribbon of truth.
Most financial counselors will tell you that 3-6 credit cards are best to have. If you have to many, this will hurt you since there is to much credit available to income based on the theory you could max them tomorrow at the same time and go bankrupt.
And of course to echo your point. No credit cards or loans, NO credit.
Great question and you are 100% correct in everything you stated! To believe you should not have any credit cards at all is a matter of believing one is not capable of managing financing! That is what it is all about.
There are many cards that you can really win the game with such as interest only intro periods, or cards that give you points for your purchases to use towards other purchases, such as airline tickets. You just simply pay them off monthly and then you are not paying interest and you win with their special offers (good example, american express points for travel, every dollar you spend is a point and a certain amount of points gets you a free airline ticket, dah!)
Plus, as a mortgage lender and finance consultant, you have to have a credit history for us to make a determination on your ability to ';manage'; credit!!!!!!! Before we give you hundreds of thousands of dollars for a mortgage it makes super good sense we want to see if you can at least handle some credit cards and hopefully a car loan too!!!
How can I make my credit score better?
When I was 18/19 I took my ability to get credit cards a little too far. I got in over my head and tried to pay them as best I could, but all I could do was minimum payments. Then my husband and I rented a house for 2 years and unfortunately, we could have bought a house with the amount we paid. So in that time I got even further into debt and I just turned 25 a couple of weeks ago. I took my tax refund this year and was able to pay off every debt I owed (aside from student loans) and now I have no more credit card payments!!! YAY!!! My question is, how do I start building my credit again. My credit isn't horrible, but its not that great either. I finally got the job I always wanted so I am making quite a bit more than I used to and we also moved into an apartment that includes utilities. So we are able to save over $1000 a month plus there is an additional income from my new job. I won't every get in deep like that again, I just want to build my credit score up again. Now that we are on our feet again, everything is paid on time, or earlier, so I know that will help a lot but what else can I do. Reason I am asking is because we are saving to buy a house, and I know given the way the economy is, that trying to get a mortgage is even harder than it was, and I just want us to start off on the right foot.
Any tips, advice, etc. would be great! Thanks!How can I make my credit score better?
小redit repair work械d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - creditreport.undonet.comHow can I make my credit score better?
I would use simple credit repair to remove late pays, errors, and any other negatives on your bureau. This will raise your score. Good luck.
check this site for tips, http://CleanCredit.cjb.net
pay all accounts as agreed. If you still have the cards at the ready and they are not closed then use them for say a tank of gas per month and pay them off every month. In 12 months your scores will get very high and yes put the money away for the purchase and also set up am emergency fund for your future needs of not less than 6 months True living expenses that is never touched except in a real emergency and when used replaced ASAP. Never buy all the house you can afford buy less as there is more to ownership than 4 walls. You will need to have a life with a mortgage. You are on the right track just keep on doing things right and life is so much easier when you do not have money problems as that is the root source with most couple break ups
Good luck
I am a mortgage banker in TN %26amp; KY
Hello everyone,
My name is Mrs Rose Smith and i am talking as the happiest person in the whole wild world today and i told my self that any lender that rescue my family from our poor situation, i will tell the name to the whole wild world and i am so happy to say that my family is back for good because i was in need a loan of $48,000 USD to start my life all over as i am a single mum with 2 kids and the whole world seemed like it was hanging on me until i met the GOD sent loan lender that changed my life and that of my family, a GOD fearing lender, Mr Steve Davidson of Davidson loan Financial Incorporated, he was the Saviour GOD sent to rescue my family and at first i thought it was not going to be possible until i received my loan of $48,000 USD and i will advise any one who is in genuine need of a loan to contact Mr Steve Davidson(MD) via stevedavidsonloanenquiries@yahoo.com because he is the most understanding and kind hearted lender
Any tips, advice, etc. would be great! Thanks!How can I make my credit score better?
小redit repair work械d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - creditreport.undonet.comHow can I make my credit score better?
I would use simple credit repair to remove late pays, errors, and any other negatives on your bureau. This will raise your score. Good luck.
check this site for tips, http://CleanCredit.cjb.net
pay all accounts as agreed. If you still have the cards at the ready and they are not closed then use them for say a tank of gas per month and pay them off every month. In 12 months your scores will get very high and yes put the money away for the purchase and also set up am emergency fund for your future needs of not less than 6 months True living expenses that is never touched except in a real emergency and when used replaced ASAP. Never buy all the house you can afford buy less as there is more to ownership than 4 walls. You will need to have a life with a mortgage. You are on the right track just keep on doing things right and life is so much easier when you do not have money problems as that is the root source with most couple break ups
Good luck
I am a mortgage banker in TN %26amp; KY
Hello everyone,
My name is Mrs Rose Smith and i am talking as the happiest person in the whole wild world today and i told my self that any lender that rescue my family from our poor situation, i will tell the name to the whole wild world and i am so happy to say that my family is back for good because i was in need a loan of $48,000 USD to start my life all over as i am a single mum with 2 kids and the whole world seemed like it was hanging on me until i met the GOD sent loan lender that changed my life and that of my family, a GOD fearing lender, Mr Steve Davidson of Davidson loan Financial Incorporated, he was the Saviour GOD sent to rescue my family and at first i thought it was not going to be possible until i received my loan of $48,000 USD and i will advise any one who is in genuine need of a loan to contact Mr Steve Davidson(MD) via stevedavidsonloanenquiries@yahoo.com because he is the most understanding and kind hearted lender
Confused on how to build my credit!?!? :(?
Im 18,dont work, but recieve monthly ssi money of $835. I want to build credit and even get a credit card! BUT I CANT SEEM TO!FRUSTERATING! i THINK I AM GETTING DENIED BECAUSE OF THE FACT I HAVE NO JOB/SSI. i applied for a credit card/student credit card/macys card and got denied right away. question is what can i do to build credit and what can i do to get a credit card ? i have a checkings and savings acount ...with $1,900 in my savings.
HELP
ADVICE
QOULD BE GREAT
THANKS :)
MUCH LOVE %26amp; PEACEConfused on how to build my credit!?!? :(?
With no credit you will not be approved for an unsecured card. You will have to start with secured credit.
Go to the bank or credit union you do business at, see if they have a secured credit card, if they do open an account with $300-$500. Use the card each month for small purchases like gas or groceries and pay it off in full each month.
After a year convert the secured card or apply for a unsecured card. It takes 24 months of consistent on time payments to establish a good credit rating.Confused on how to build my credit!?!? :(?
you can get a bank secured credit card to build your score. As you have already checking/savings account in bank, approach the same bank and ask for secured credit card. They might link the credit card to existing savings account or they may open another one with some deposits like $500. Then they will give you a credit card with same limit or more.
you might find the articles useful
http://www.cashorcredit24.com/how-to-bui
http://www.cashorcredit24.com/how-to-use
try not to apply for a lot of credit cards bcoz every application is gonna make search on your ssn...thats gonna bring down your credit score...what i would do is to first know your credit score...coz if you dont know your score then you cant fix it....having a job would not really fix your credit coz thats just gonna increase your bank balance...pay your bills right away...decrease the ssi income...its a negative for your credit score
Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - credit-report-score.10001mb.com
HELP
ADVICE
QOULD BE GREAT
THANKS :)
MUCH LOVE %26amp; PEACEConfused on how to build my credit!?!? :(?
With no credit you will not be approved for an unsecured card. You will have to start with secured credit.
Go to the bank or credit union you do business at, see if they have a secured credit card, if they do open an account with $300-$500. Use the card each month for small purchases like gas or groceries and pay it off in full each month.
After a year convert the secured card or apply for a unsecured card. It takes 24 months of consistent on time payments to establish a good credit rating.Confused on how to build my credit!?!? :(?
you can get a bank secured credit card to build your score. As you have already checking/savings account in bank, approach the same bank and ask for secured credit card. They might link the credit card to existing savings account or they may open another one with some deposits like $500. Then they will give you a credit card with same limit or more.
you might find the articles useful
http://www.cashorcredit24.com/how-to-bui
http://www.cashorcredit24.com/how-to-use
try not to apply for a lot of credit cards bcoz every application is gonna make search on your ssn...thats gonna bring down your credit score...what i would do is to first know your credit score...coz if you dont know your score then you cant fix it....having a job would not really fix your credit coz thats just gonna increase your bank balance...pay your bills right away...decrease the ssi income...its a negative for your credit score
Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - credit-report-score.10001mb.com
Apply for a loan credit score drops?
i have applied for a car loan over the internet. a used car dealership website advertises they can finance people with bad credit, bankrutcy or no credit. i dont know how they can do this or find a loaner. my understanding is IF you have a bankrutcy or BAD credit or NO credit its like very hard to get a loan for anything. i hadnt heard from them yet. i am wondering if they had been going through multiple lenders to get me financed. Question......If you apply for a loan they have to check your credit score ect. how many points to you lose from they check?Apply for a loan credit score drops?
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - buildcredit.ifastnet.comApply for a loan credit score drops?
When applying for a ';bad credit'; loan, follow the following guidelines:
?Make sure they are a reputable company - check them out
?The cost will be significantly lower if you can provide any collateral, or a co-signor with acceptable credit
?Always read the fine print - you do not want any surprises such as pre-payment penalties
?Remember everything is negotiable - especially fees!
?Do not borrow more than you really need - the hole just gets bigger.
If you are granted a loan, make sure you stay current on the payments as this will help or hurt your fragile credit standing. As soon as you can, begin a credit repair program to climb out of this mess so you can get back to normal credit costs as quickly as possible.
http://www.worldbestloans.com/
Get a good money lending service today, that will give out loan for any purposes, if you are really in need of a loan, just let me know the amount you need as a loan, and contact me via emailaddress:(oceanonlinelenderservice77?br>
For the plan for the loan processing and transfer to be spelt out.
If you are faced with stress in the acquisition of a loan? or you have been disappointed by your bank?
Did you need a personal loan to secure a home, car and evaluate the finances?
Contact name: Mr John Murphy
Note:We offer only Commercial loans, Personal /Residential and Mortgage loan at 5% interest; apply for a minimum of $2000.00 to a maximum of $1.000.000.00. Interested applicants should please contact
us via email: oceanonlinelenderservice77@gmail.com
Try and see for our wonderful services that does not exceed 2 working days as the hole process is very easy
Usually every time you have an inquiry on your credit bureau your score drops. I don't know exactly how many points, but not a lot. If you have multiple inquiry's when shopping for an auto loan most bureaus will only count it as one so it shouldn't have a great impact on your credit score. What you do after you get your loan will have the greatest impact, so make sure you stay current on your loan and bring up that credit score. Good luck.
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - buildcredit.ifastnet.comApply for a loan credit score drops?
When applying for a ';bad credit'; loan, follow the following guidelines:
?Make sure they are a reputable company - check them out
?The cost will be significantly lower if you can provide any collateral, or a co-signor with acceptable credit
?Always read the fine print - you do not want any surprises such as pre-payment penalties
?Remember everything is negotiable - especially fees!
?Do not borrow more than you really need - the hole just gets bigger.
If you are granted a loan, make sure you stay current on the payments as this will help or hurt your fragile credit standing. As soon as you can, begin a credit repair program to climb out of this mess so you can get back to normal credit costs as quickly as possible.
http://www.worldbestloans.com/
Get a good money lending service today, that will give out loan for any purposes, if you are really in need of a loan, just let me know the amount you need as a loan, and contact me via emailaddress:(oceanonlinelenderservice77?br>
For the plan for the loan processing and transfer to be spelt out.
If you are faced with stress in the acquisition of a loan? or you have been disappointed by your bank?
Did you need a personal loan to secure a home, car and evaluate the finances?
Contact name: Mr John Murphy
Note:We offer only Commercial loans, Personal /Residential and Mortgage loan at 5% interest; apply for a minimum of $2000.00 to a maximum of $1.000.000.00. Interested applicants should please contact
us via email: oceanonlinelenderservice77@gmail.com
Try and see for our wonderful services that does not exceed 2 working days as the hole process is very easy
Usually every time you have an inquiry on your credit bureau your score drops. I don't know exactly how many points, but not a lot. If you have multiple inquiry's when shopping for an auto loan most bureaus will only count it as one so it shouldn't have a great impact on your credit score. What you do after you get your loan will have the greatest impact, so make sure you stay current on your loan and bring up that credit score. Good luck.
Can I apply for a credit card with no credit?
I've been told the best way to raise my credit is with a credit card. But I've been scared to get one for fear of something going wrong and ending up in debt. How exactly does having a secured credit card work as far as paying monthly for it, using it to pay for everything I buy and how it will raise my credit? Also can I get a secured credit card with no credit as long as I have proof of employment?
Can anyone help me?Can I apply for a credit card with no credit?
Secured cards will raise your credit and you won't get denied when applying.
You place a deposit down (which will gather interests) and they then work like a normal credit card.
If you don't pay it back, they get the money from your deposit and say good bye to you.
But if you are genuine and pay your dues, all is well and your score will improve as you use it.
See http://www.esuperfind.com/nextmillennium for a good one.
Can anyone help me?Can I apply for a credit card with no credit?
Secured cards will raise your credit and you won't get denied when applying.
You place a deposit down (which will gather interests) and they then work like a normal credit card.
If you don't pay it back, they get the money from your deposit and say good bye to you.
But if you are genuine and pay your dues, all is well and your score will improve as you use it.
See http://www.esuperfind.com/nextmillennium for a good one.
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