Direct Parent Plus Loans

Jul 312010
 

It is my understanding that for a Direct Parent Plus loan a credit check is done.  Does anyone know the credit score range or other factors the federal government uses to determine credit worthiness?

 

Thanks

 

Related Blogs

Aggravated….

Jul 152010
 

So as my score inches up….(and I DO mean inch)….the factors that myfico lists as hurting my score have changed.  My average age of accounts is about 7 years (My credit history is about 12 years long…pretty good for a 30 year old)!  This used to be listed on the “helping your score” side but after a 3 point bump (I dropped my utilization to 20%) my score is 674 and it has switched to the hurting your score side.  What gives?  How can it be helping my score yesterday and hurting my score today?  I’m confused!  Any insight from the forum?  :smileyindifferent:

Need some help with AAOA

Jun 162010
 

My score has change so much in the past couple of months.  Now one of the factors that is a problem with my score is the AAOA.  I have removed A LOT of collections off my report so I am sure they change it a little bit.  I have not had any new credit or applications in years so most of my accounts are older.  My oldest reported account is from 1998 which is cool and was and is in good standing.  

 

Here is one that happened and I don’t know if I should try and fix it or not.  I owe a utility company $75.  It is from 2008.  When they put it on my credit report they did not specify a date it was opened.  Below is the tradeline:

 

Date Opened: N/A  
Last Activity: N/A
First Delinquency: 12/2008
Type: Revolving
Rate/Status: COLLECTION ACCOUNT
High Credit: $75 
Terms: N/A
Balance: $75  
Past Due: $75 
Most Recent Date Reported: 03/2010 
Comments on Account: Collection account  

 

First off they put this in as revolving and it is in my util now.  It is a power bill and should be listed as a collection I think.  Because they put N/A as all the dates it is now my oldest account (per Equifax).  On my credit report summary it shows my length of credit history as 0 and AAOA as “NaN Year.”  When I do print the report is says I have credit dating back 12 years, but that my AAOA is not good.  

 

I have not paid this because the utility company won’t delete it.  It is 75 bucks, but still.  If they won’t delete I won’t pay, but should I request that Equifax get the dates corrected and ask that is it removed from my revolving accounts?  

What are the key factors in obtaining a home mortgage loan?

Feb 262010
 


I have bad credit or not fair. This is good, a little ‘less than excellent. How good is your credit card, what other factors should be the key to the success of a loan mortgage?

what factors are considered for auto insurance?

Feb 102010
 


I tried to do auto insurance. However, when I go to an agent to obtain quotations, he told me, because I was someone’s politics is not for three years, my premiums will be much higher. However, I have more than 3 years of license, but only without my parents, because of high premium policies of insurance. So my question is, what is that. I need a license to three years 2. I need someone else’s three policy years.

What other factors besides the cost of the house will affect my mortgage payment?

Feb 012010
 


I saw about 15,000 dollars, the price is reasonable, to their homes (some even appear in the ideal situation). Mortgage payment, however, is the economy of the family will be extremely small. However, I want to know what else to board up the mortgage payments? This will be our first house, so we need some information before going to a real estate agent. 谢谢.

(AFX UK Focus) 2010-01-27 07:03 Glance-European Factors — Shares set to fall; Fed eyed

Jan 272010
 

(AFX UK Focus) 2010-01-27 07:03 Glance-European Factors — Shares set to fall; Fed eyed
LONDON, Jan 27 (Reuters) – European shares were set to fall on Wednesday, a day after snapping four sessions of losses, tracking weakness on Wall Street overnight, and with some caution expected ahead of the U.S. Federal Reserve’s interest rate decision later in the day.

Read more on Interactive Investor

pay off car loan or pay off cc’s first

Jan 252010
 

I currently have about 75 percent utilization on my credit cards, I have 4300 left on my car loan.  I was thinking to pay off my car this week or put that 4k towards cc debt (have about 6k in cc debt, with about 8k max limit on my 3 cc’s).   If I do pay off the car I am also going to put about a thousand towards cc’s as well this week.  I know it depends on other factors in your credit report but would paying off the car give me a nice boost in score?  My scores range from 620 to 660 on the 3 reports.

 

thanks

 

 

 

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