Need To Improve Credit Score

Mar 222011
 

Hello Everybody,

 

Well my name is Lily and I am here because I need advice on impoving my Credit Score.

My parents are in DEBT and they are loosing our home the only hope we have is Refinancing, My father wants me to give it a try. I am the only one with a Decent Credit Score.

 

My Fico is 585.

 

The only problem is that i have credit card debt, i have never been late or missed any payments. the problem is that i have used more than my 30% on the cards.

I am carrying a balance on probably 10 cards.

 

Recently one of my dogs got sick and we couldnt affor the vet bill so i applied for several cards and i believe that had a negative impact on my credit.

 

can someone give me advice on how or what will help me  improve my credit.

 

Thank you very much.

 

BTW: My total debt is about: $7,000 (credit Cards) and i have an auto loan of ($19,000)

Judgment included in BK – how’s it supposed to be reported?

Feb 122011
 

Hi,

 

I’m curious about how a judgment that was IIB is supposed to be reported after discharge.

 

With Experian, I got lucky and they removed it completely.

Equifax reports it as SATISFIED and with a $0 liability.

 

Now – here’s my problem:

 

TransUnion reports it as “Civil Judgment in Bankruptcy” and is reporting a liability of $25,000.:smileymad:

 

I thought the discharge meant that my personal liability was gone – why is this still reported? If IIB-accounts need to be reported as $0 balance – shouldn’t that apply to judgments as well?

 

Any help would be greatly appreciated.

 

 

Wall Street Pay reaches $135 Billion

Feb 022011
 

If we taxed them all at 100% we could almost cover 1/10th of our annual deficit.….that’s almost 10% ……..we just need about 10 more Wall Streets to tax at 100% and we could almost eliminate the DEFICIT……almost.

 

$1.5 Trillion minus $135 Billion only leaves a $1.365 Trillion DEFICIT to cover….who else can we tax at 100%…..we’ll get there eventually.  Actually I think the problem is that we are SPENDING way too much……..but that’s me…..because we don’t have near enough rich people to tax……to get anywhere close to closing our budget gap.

 

 

http://online.wsj.com/article/SB10001424052748704124504576118421859347048.html?mod=rss_whats_news_us_business

In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009.

Europe Fears That Debt Crisis Is Ready to Spread

Nov 162010
 

European officials, increasingly concerned that the Continent’s debt crisis will spread, are warning that any new rescue plans may need to cover Portugal as well as Ireland to contain the problem they tried to resolve six months ago.

 

http://www.nytimes.com/2010/11/16/business/global/16euro.html?_r=1&ref=todayspaper

 

Sallie Mae

Oct 222010
 

Sorry if this has been addressed before.  My wife filed Bankruptcy in October 2005 and it was discharged in January of 2006. As per her Attorney she had to list all debt. including her student loans with Sallie Mae at that time. My question is they are all reporting different on all 3 CRA’s. Some are being reported as discharged through Bankruptcy and some of her loans are reporting Pays As Agreed. She has just recently tried disputing with TU to start to see what the results would be. After disputing with TU they have changed all account status except for 1 to Pays As Agreed even though other accounts were older and listed on Bankruptcy. All accounts have been paid on time and never late since her re-payment has started after finishing school. What would be the best next step to take to try and resolve this? She has only started with TU to correct this problem and then will work on EQ and EX next. 

 

Thank you all for any advice and help it is very much appreciated.

 

 

 

Mortgage Loan with Low scores?

Oct 132010
 

My boyfriend and I have both been trying to rebuild our credit scores to buy our first home. We were planning on trying to find a cheaper place to rent for another year or two while we save money for a down payment and work on our credit, but a great house has presented itself. An employee at his step mothers business has a house for sale, it was appraised for $99,000 but he is willing to sell it to us for $68,000. I know our payment would be a lot less than what we’re currently paying in rent for a duplex. but the problem is, my score is 548, and his is 561. His is mostly due to the ONLY credit he has is an auto loan (he has a few late payments) he has no other credit. He had another auto loan that was paid off (no late/missed payments) Mine is because of credit card mistakes when I was a little younger, a few late student loan payments, and a judgment for one of the credit cards (I owe just under $2000)

 

My question is, are there any companies that may consider us? I know as a rule of thumb most only work with people with a score above 620. Or is t here any quick way to increase our scores? I was hoping someone here may have some advice. 

 

Thanks in advance!

Will adding open credit reduce my util?

Oct 102010
 

This maybe a silly question but I just thought I would ask……I checked my TU score and its 618, better than it was….my Eq is 660….my problem is that my util is high at 79% but its because all my subprime cards have itty bitty limits from 200 to 500 and my interest rate on my auto loan is really high. Although I have had my car since Feb 2008 I still owe alot because the interest is killing me. Would adding more credit reduce my util while I am paying down? I mean something like a LOC that I want use, just have it report as available? TIA!

CA won’t accept payment

Sep 172010
 

I have three medical bills that were sent to a collection agency in 2007. I let my ex handle all of the finances.(Yes that was sheer stupidity on my part.) So it wasn’t until my divorce in 09 that I learned of these accounts and others on my credit reports. Since then I have been working very hard to pay the delinquent accounts off. Here’s my problem. I have contacted the collection agency regarding these accounts and have sent in payments that would have paid the accounts in full. The collection agency sends letters and the payments back stating they are not the original creditor, the accounts are closed as far as they are concerned, and they will not accept remittance. So why are they still reporting the accounts? Other accounts I have paid are still being reported but at least they state PAID. Which isn’t as bad. This agency is reporting them but will not allow me to pay them. Is this even legal?

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