secured loan?

Dec 022011
 

Can anyone explain to me exactly what a secured loan is. I have a secured nrewards card through navy federal and was gonna inquire about a secured loan. I read online about it but im still somewhat confused about it. Thanks

Credit mortgage
byMANILA IMPERIAL MOTOR SALES . . . .

I don’t know where my certificate is. Last year IRS didn’t ask for the certificate number & who issued it. This year they are. I called the bank that issued my mortgage. They said they can’t tell me how to find the certificate number. How do I find out my mortgage certificate number & who issued it.

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What is a reasonable amount of inquiries on a credit report?

Dec 022011
 

I’m getting ready to apply for 2 or 3 cards.  Before apping, I have been reviewing my reports.  There are 4 inquiries on my reports and are all within a 5-10 day period in October.  2 of the inquiries were made to finance a new auto purchase and 2 were made to compare interest rates for a home refinance.

 

My question is would these 4 inquiries count as only 1 or 2 since they were all related to interest rate shopping and are these inquiries likely to impact any type of credit decision from a CCC?  

Credit
byIan Muttoo

I am attempting to build a positve credit rating and I need a card that reports to the credit bureau, but will allow me to obtain it without a credit check. HELP?

forgive typos

Dec 022011
 

To anyone who has read my posts, please forgive my typos. Virgo

Credit mortgage
byMANILA IMPERIAL MOTOR SALES . . . .

I would appreciate simple definitions/explanations for each. I have read the Wiki articles, but I am still a bit confused. I understand that in subprime mortgages the borrowers do not have a strong credit histories. However, I do not understand what exactly subprime mortgage bonds are, or why people used to buy so many of them.

Credit mortgage
by Credit.com

Continued unauthorized hard pulls by 5/3rd bank

Dec 022011
 

Went to 5/3rd on 11-22-11 to talk about a refi.  They pulled my credit scores.  Things didn’t go as expected due to the incompetence and dishonesty of the loan originator and I’ve been getting alerts from 2 credit monitoring programs I have, one of which is directly through 5/3.  There are hard pulls on 11/23, 11/29 and 11/30….some of them multiple times on the same day.  Is there any recource if 5/3 drags their feet on removing them?  Am I entitled to have them removed since I just gave oral permission once to pull them on 11-23-11.  I mean…does this give them the right to pull my reports indefinitely?  Counting the multiple pulls on the same day I have 12 hard pulls over a week’s time.  Do I have any legal recourse?

 

Thanks.

Credit mortgage
byMANILA IMPERIAL MOTOR SALES . . . .

I am having a home foreclosed on, and would like to know if anyone can give me a mortgage?

I just turned 18 and i don’t want to get a credit card (i believe in buy what you can afford/earn). I heared if you get enough money saved up you can get a government assisted mortgage (canada). Is this true? or am i burdened to get a credit card?

Discover More CLI question

Dec 022011
 

Hello,

 

 In May I was approved for Discover More card with a small limit ($ 750). At the time I wasn’t too upset since it was one of my first prime cards, other being Chase freedom @1k the same month.

 

Since then Chase gave me an auto CLI of $ 300 and my Wal-mart card gave me another 500 CLI (both also opened in may ’11) So now Discover is my lowest CL other then BBRZ.

 

The online CLI link always said ‘Unable to process" so last Friday I tried with online chat, but got to the point where they asked to hard pull my report. Since it was EX and I already have 7 INQ’s there I didn’t accept and canceled the request. I tried the phone method and hung up after ‘please hold for rep’

 

However now when I try the online link for CLI I get ‘We are unable to process another request until your current one is complete.".

 

Does that mean my online or phone requests weren’t canceled and are just in limbo right now? It’s been a week and I don’t think I was getting the error about current one being complete till a few days ago.

 

I closed my secured Cap 1 card last Friday and was trying to a CLI on discover to make up for the $ 300 credit I would lose on my overall but that didn’t happen. I don’t want another INQ till next summer when I try for PENFED. I want about a year since my last pull when I do that.

 

Has anyone ever had that message and how long did it last?

Credit
byDon Hankins

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Utilization question…

Dec 022011
 

So let’s say I have $ 6,000 available credit… And let’s say that all available credit was based on the posession of four credit cards.  Two of these cards have a limit of $ 1,500 each, the third has $ 2,000, and the last has $ 1,000.  Let’s say that the cards with the limits of $ 2,000 and $ 1,000 are usually maxed out but paid as agreed.  That puts my utilization at 50% but is my score hurt because I have two cards that are maxed out even though my utilization is still 50%?  Thanks in advance

Credit mortgage
byMANILA IMPERIAL MOTOR SALES . . . .

Is it still possible to get a mortgage if credit is bad due to delinquences on other properties? No bankrupcies or foreclosures (yet) … but on some of my properties (investment) 90-days past due?

Thanks.

Credit mortgage
by Credit.com

AMEX Blacklist and Their Prepaid Card

Dec 022011
 

This is my first post on this forum but I have spent much time over at CreditBoards and DebtorBoards.  Much props to FlyingIFR and Pysch Doc!!!  And ofcourse everyone here as well.

 

Qestion for the Amex gurus:

 

Does AMEX check their blacklist database before issueing a prepaid card?

 

Before everyone starts asking why I want one….I just do.

Credit
byImages_of_Money

Credit report for employment purposes while initial fraud alert is on there….Problem?

Dec 022011
 

Hello!

 

I had an iterview with financial institution recently. They pulled my credit report as a part of their screening process. The problem is – I have initial 90 day fraud alert added to all 4 credit bureaus. Will this be an issue? I am afraid I wont pass the credit check….

 

Thanks!

 

 

Eq. 779
Exp. 768
TU 757

Credit mortgage
byeric731

I pay about $ 2000 a month for credit cards and another $ 2000 for mortgage payment. If I’m going to lose my job and can only afford one and not the other, what’s more important to pay off?
If I was to lose my job.

Got Amex BCE, now what?

Dec 022011
 

I’ve been lurking around this forum for a while and finally decided to sign up. I applied for the blue cash everyday last week on thanksgiving day and was approved.. I’ve been reading and I wish I had applied for the zync on the same day/same pull. Now that it’s likely too late for that I’m hoping someone can shed some light on any other cards I maybe should apply for/ would be approved for before the Amex pull shows up? I’ve been thinking about the chase freedom but really wasn’t sure. Here’s my current accounts:

Wellsfargo student card- 800 limit
1fbusa student card 2250
Belk card 150
And now the bce ( I called and they said 2300)
I also have 20k in student loans reporting that’s have not entered repayment yet because I’m still in school.
My AAoA is approx 1yr 6 months With nothing bad.

I got the acceptance letter from Amex which said my ex score was 745. I pulled my other two fico’s a couple months ago and they were both right around 730. I believe I have 3 pulls on my eq/tu reports and once the Amex shows up then 4 on ex.

Any advice or tips would be great.. Thanks.

I posted this CC Forum.. Thought I’d see what you guys thought.

Credit
bykate*
Credit
by Adam Crowe
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