My credit score is 652, but my income to debt ratio is 45%.\nThere is no penalties for early pmt.
138755
no that is not a good deal,,,if you want i can refer you to someone that can get you a better deal.
106949
Without knowing which specific creditor you're inquiring about it there is not going to be a definate answer. From experience GEMB, Juniper, some Citi, & Target generally report the first half of the month. Household bank generally reports about 10 days after the billing period. American Express reports typically one week following the reporting month. As far as you wanting to pay below 40%, why wait until the due date is approaching? Why not submit payment now? Waiting until due date will allow the creditor to report the outstanding balance at payment closing. If you go ahead and pay down then the next report they send to the reporting agencies will be less therefore allowing for less utilization for reporting. Also for what it's worth, FICO is known to prefer utilization to be below 30% not 40%.
74210
here is the link:\nwww.creditmonitoring.citi.com\n\nA couple of comments,\n\n1) For $12.95/month are you mostly interested in the credit montoring service. Because that is a very high price to pay for a very low risk. $155.40/year.\n\n2) Did you sign up to get their score analyzer? If so you are wasting you money. The score they give is only an "estimate" (go ahead and check it out, it's in their terms) and not associated with FICO scores.\n\nSave your money!\n\nIf you are planning a major purchase(car, house, etc.) go to www.myfico.com/12 and buy your real FICO credit scores(the ones the lenders use) for $45.00. They will also give you the top 4 reasons why your credit scores aren't higher which will give you a game plan.\n\nGood Luck
5113
If you have paid every bill on time for a year, and you have not had a bankruptcy in the past 7 years, then your credit report will show that.  If you have 2 years of paying EVERY bill on time, then you should be in good shape to get a loan.\n\nOf course, your credit score will rise the longer the time period of timely payments.  Don't miss a SINGLE ONE, though, for the next twelve months, and I think you'll be pleasantly surprised at the loan possibilities.
647208
Generally speaking, a DTI (debt-to-income ratio) of 50% would get you a loan.  So, that means you can afford a monthly payment of $2416.67 and that would have to include any other revolving/installment bills you might have.  (That number would also have to include property taxes and hazard insurance.)\n\nFor a loan amount of $300,000 you'd be looking at P&I of $1896.20/month.  Based on a purchase price of $375,000 you'd be looking at Taxes/Insurance of $500/month.  That puts you at $2396.20 or a DTI of 49.6%.  Close enough.\n\nIf you went Interest Only, you could bump up the loan amount by $35K and the purchase price to $418,750.  The Interest Only payment would be $1814.58.  Taxes & Insurance would be $558.33.  Total, $2372.91 or 49.1% DTI.  Again, close enough to give you the info that you need.\n\nThis is based on CA property taxes and no special assessments.  You're mileage may vary.  Some settling of contents may have occurred during shipping and handling.\n\nIf you're buying in CA, shoot me an e-mail:  tom4loans@sbcglobal.net
186742
Max, it's VERY important how the information is reported on your credit report, as it effects how your credit score is calculate\n\nBelow is what the law says.  I'm amazed at how many people keep getting this wrong.  It's written quite plainly so anyone can understand it.  \n\nThe date for reporting begins on the day you defaulted on the loan.  In your case, once your medical services were finished payment is generally due immediately.  If they send you a bill, there is usually a "pay by" date.  That is your default date.  \n\nIf anyone tells you it's the date of the last transaction, the day you last talked to them, the day you pay it off....they are either wrong or just lieing to you.  \n\nBy the way, if you pay off this debt, be sure to get IN WRITING that they will remove this listing from your report.  Otherwise, all they will do is show the account is paid, but the negative reports such as paid late, or sent to collections, will still remain.  Your credit will still be ruined, even though you paid the debt!  Does that make sense to you?\n\nHere is the law:\n\n\n§ 605. Requirements relating to information contained in consumer reports [15 U.S.C. § 1681c]\n\n(a) Information excluded from consumer reports. Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:\n\n(4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.(1)\n\n(1) In general. The 7-year period referred to in paragraphs (4) and (6)(2) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is  earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period  beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.\n\nUpdated Reply...\n\nJC, this is another example of what pisses me off with you collectors.  YOU can't read!  Read my message again!  The law I quoted is right from the FTC website, and (to me) is fairly obvious.  Where does it say "last charge" or "last payment in the above paragraphs?  \n\nAnd the ONLY thing that can remain on your credit report for more then 7 years is a Bankruptcy.  We are not even discussing that, so why scare people by bringing that up?  \n\nAgain, I will ask you to point me to a source for your information.  I will not accept "because I'm a professional bill collector".  This only proves my point!  If you need more evidence, I will be happy to point out FTC commission position papers, case laws, and state laws that prove you wrong.\n\nEvery response I have seen from you in this forum is always the same. "Pay your bill!".  God!  You make a great collection agent!  You got that part memorized.  But what do you say to the 75 year old lady who just spend 3 months in the hospital and is now $25,000 in debt for medical bills, and can't make that $100 credit card payment?  Oh yeah, right...."Pay your bill!".
58483
Hey, I've been following your line of questioning.  You seem to be in a tight situation.  I don't want to sound like I'm lecturing you but there are many great books out there to help you in your situation.  You might try Suze Orman, she is a guru on personal finance and getting some tips from her books will save you $loot$!  \nI was in your same situation, I went to school and got lots of debt trying to get my M.S. as well.  I even filed for bankruptcy.  Even when you do that it is not over.  I learned a big lesson on personal finance that way.  I now have a 728 credit score, I own 3 houses, one credit card with a $13000 limit (i never carry a balance over), I lease a $38000 car with no downpayment, and can get financed anywhere I want, if I had to.  Plus, that bankruptcy is still visible on my Credit report (it was almost 5 yrs ago).  Hopefully you will never have to do that. \nAll I'm saying is, stick with it.  Don't let other people tell you it's really bad where you are.  It is going to get better, it is just going to take some time.  If I were you, I would keep renting, especially if you have some debt you need to take care of. UNLESS you are going to get into income property, such as a duplex, that pays for itself b/c of the tenant's rent pymnt.  You are doing the right thing and getting the facts about how to overcome your current status.  \nYou really should call the company about your above question.  When lenders get the sheet on you, they look at the money you owe.  If you owe twice as much as you really owe it is going to look horrible.  One of my reports said I owed the Dept. of Education twice the amount of my school loan!  Can you imagine?  Over $80K!  That looked real bad.  It really doesn't matter if it is a duplicate, lenders only care about the amt. you owe against the amt. you earn.  \n\nGood luck friend!  If you ever have any questions or advice about personal finance I am willing to share with you what I did or read to do it, I really like to help people with finances.  I'm not a guru just a real person with a similar background.\nqumungis@yahoo.com
254186
A credit score is effected in many ways so there are many things to consider. First, keep your debt to income ratio as low as possible, this makes it easier to get the credit you need when you need it. The more open balances you have, the higher your debt to income will be. Credit cards, or revolving accounts do not effect your score as much as installment loans (mortgage, auto loans) do. Pay everything on time, EVERYTHING!! Paying the balance in full will help debt to income but will do little to add points to your score like on time payments do. If you have any other specific questions, you can ask me anytime.
554120
see a mortgage banker. There are 3 things required on a mortgage. Collateral, capacity and credit. With out knowing every thing none of us can be sure as to if you will qualify. Your score is very important and based on what you are stating you should qualify. If there have been no late payments. The biggest problem may be the loan to value on the home. You did not state how much your down payment was and the value on the home now and current mtg balance. So much more info is needed.\nI am a mortgage banker in Tennessee
245471
as long as your bill is paid by due date is all that matters.\npaying early does not make credit rating go up
285400
Talk to a local mortgage broker.  Sit down and go over your credit report.  They will be able to tell you what you can do to get your score up.  Sometimes its better to spend money on your credit instead of the down payment.  Sometimes its the other way around.  Sometimes there's another solution like putting someone else on the application with you.  \n\nIn general you should keep your open credit cards on-time and pay them down to half of their credit limit.  If you have extra cash payoff any collections you have from the last year or two.  \n\nOpen up your yellowpages and look under "mortgages".  Find a local phone number or an adress you're familiar with and go to town.
570521
Unfortunately not. There are many factors that make up your score. The biggest percent is how you pay your bills (timely or not). A few other factors include, the debt to available credit ratio, how long you have had credit, how many accounts you have open, etc. If you go to annualcreditreport. com, you can purchase the score for 5.00. That is the cheapest I have found.
494648
Yes, and it can vary dramatically.  Two main factors are at work here:  interest rates, and the specific requirements of the loan programs available from the different banks.  \n\nThe lower the rate, the more you can qualify for.  \n\nSome banks may not let you spend more than 45% of your gross monthly income for all debts.  Some may go as high as 55%, or even higher.
115509
It would be better if it is reporting as paid/closed and all payments made on time, but welcome to the world of credit reporting. No wonder some people believe that 70% of credit files contain some mistake.\n\nYou can do 2 things.\n\n1) Write the credit bureaus with the creditors name and account number and ask that it be reported again. If you have old copies of your report that show it reporting then send copies of that in as documentation.\n\n2) Contact the paid mortgage company and ask them to report to all 3 of the credit bureaus your paid on time,in full status. If they won't report get a letter from them stating that your mortgage was paid in full and all payments made on time.\n\nTypically mortgage underwriters like to see at least 3 open accounts reporting(which also has a positive effect on your FICO credit score) to approve your mortgage at standard rates. Worst case you will have to provide a letter like mentioned earlier as supporting documentation.\n\nBut if the rest of your credit is positive then it is likely you have a decent FICO credit score.\n\nGood Luck
497225
It sounds fishy.   If you have that much money to give to someone else,  just pay off your own debt and that will help you too.  I know when I opened to much credit too fast, it hurt my credit score a bit and were only talking about 1500 dollars.  This company is talking about credit lines of 10-15 thousand each.  That could show you as out of control and a credit risk and lower your score.
347861
First the bad news.  Your scores are way low and what really hurts more than anything is the late payments on your mortgage. So even with the low scores, the late payments on the mortgage  hurts you the most. The other thing that could hurt you also, is when you paid off your credit cards, you closed the accounts as well.  If you paid them off and kept them open, this is a good sign.\n\nNow the slightly good news. Even with your scores you could possibly get a home mortgage, but only with a subprime lender and you would get very high rates. Now if you are buying another home and keeping your current home you will have to put down at least 10-20%, but only if they allow you to buy another home. And even if you are going to sell your current home in order to buy another home, with your scores, you will have to put money down anyway. \n\nBut the best advice I have is wait a year so you can have 12 months of on time payments; this will raise your scores. Also if you closed those credit card accounts, see if they will reopen them and if they do, use them and pay them off every month; this will also raise your scores.\n\nLenders want to lend their money, but they don't want to lend to people who are late on any secured loans, especially HOME loans. Most people will tell you to wait at least 3 years or more to get your credit scores up.  But being that I worked in the mortgage business before I was pregnant (which was last year) and I helped people to raise their credit scores, you only really need one year of on time payments to get a subprime loan. But if you're going for a prime loan, wait at least 3-4 years of on time payments and please stay on your job as well. The more job time with the same employer, the better.  It shows stability!\n\nRight now your middles score is a 567\nSo here are some Credit Score Goals below.\n\nSubPrime: 580 middle score\nPrime: 680 middle score\nBest Interest Rates: Over 720 middle score\n\nHope this helps!
454030
With years in the business:\n\nNo.  You can pull your credit as much as you want through a pay site (or www.anualcreditreport.com) and it will not affect your score.  You will actually be able to see three different sections of credit pulls:  1. Pulls that are public and affect your credit, 2. Pulls that are by your current creditors to monitor your credit and that are not public, and 3. Marketer's pulls and your own pulls that are private and only viewable by you.  \n\nOnly the public pulls affect your score.  The three items above are not in order, and some under number 2 can appear as public, depending on your creditor.  Generally, however, you only get a hit when a pull occurs.\n\nAlso, the affects on your credit due to credit pulls are generally overstated by most people.  Unless you are going to open 10 new accounts in one week, a pull here and there will not drastically decrease your score.  The idea here is that if you open may new accounts, you are getting desperate for credit are are more likely to default on it.  With a big (non-mortgage) cluster, you could be going gang buster before filing for bankrutpcy, or something along these lines.\n\nAs for mortgage pulls, you have a 15 day window to have numerous mortgage pulls before your credit decreases.  However, use caution, as I have sometimes seen many mortgage pulls to affect a score by 5-10 points, even though it is "not supposed to".  I think this may have to do with they way the company is coded by the bureaus.\n\nIf you miss one credit card payment, talk to your credit card company about it.  If you were less than 30 days, it likely wasn't even reported.  If it was, they might be willing to remove it under extenuating circumstances - but don't hold your breath!\n\nIf the late payment is already on your credit report, it likely won't have a bad impact on your scores if you have other longer-term established credit.  Also, and very importantly, the affect it has on your score dramatically decreases with time.  By one year out, it's impact will be much less than when it was a current late.  After 2 years it will only have a signifigant impact if you have other bad debt.  Overall, if this was 2 years old and your score should be 750, it might only be 725 or 730.  If you score two years out is in the mid-600's, you'll need to pay attention to paying the other debt down.\n\nGood luck.