Related articles from Yahoo AnswersOpen Question: I want to buy a 300k town home, but my income is 45k, can my side income count?
This question seems a little tricky. I have a 'day' job in engineering that pays me 45k a year. I also have a 'side' job that will reported on my taxes. I will be reporting my gross annual income somewhere in the ball park of 100k to 120k this year. I will also be putting down $30,000 on the home. So the loan amount would be for $270,000.
The side income is from playing poker semi-professionally. Will someone looking to provide a loan for me, run and hide when they see that the majority of my income comes from poker, a game often to be considered gambling? Will i be able to find a loan simply based off my annual income? My credit is also perfect but i have never owned a home, so its not absolutely perfect.
Open Question: When do items really fall off your credit?
Is is 7 years from the delequency date? Is it 7 years from the date the item was first reported on your credit wether bad or good? Is it seven years from the date opened? I recived my credit report from Transunion they have the estimated removal dates and those dates seem to be 7 years from the date it was reported as opened.
Open Question: Account not showing on Credit Report?
I signed up with Littlewoods catalogue last year, but never sent back the credit agreement slip - I then ran up £700 worth of debt with them and am in agreements to pay - however, Ive looked on my Credit Report and the account isnt showing as opened or anything like that at all - neither is my overdraft with my bank.
Is this an error on my report I should be thankful for?
Also, I have a default on a seperate account and when I ordered my credit score it didnt say that this will affect my overall credit score (it gives a list of whats affecting it) is this correct? Cheers
Open Question: Advice on Credit Restoration?
We have been trying to reestablish my husbands credit. I'm not blaming anyone but he went through an ugly divorce about 2 yrs ago and it really hurt his credit. Anyway back in Jan. his scores were in the low 400's, so we disputed some things and paid some things that had been charged off. His scores are now 565, 546 and 519 which is about 100 points higher than they were 8 months ago so I guess we are making some headway. We are trying to buy a house and that is the main reason we are trying to reestablish his credit. We are unable to get a mortgage loan yet. For the past 2 yrs he has not opened any credit accounts so now we are being told that this is hurting us and that we should open up a few credit card accounts. If this is a good idea where can we go for a good credit card with not so good credit? i have tried searching on-line but alot of them say they give your info to several different companies to find the best one. I don't want the credit report pulled a bunch of times cause I know that cant be good. And I also don't want to receive a bunch of junk mail. Can anyone please give me some advice on how to further better the credit report? Thanks in advance.
Open Question: A report on XM Public Radio states that Rick Warren's book has outsold the Bible over the past 4 years?
That's kind of amusing. Credit must be given to Warren though, that drivel "The Purpose Driven Life" has done very well.
Are some Christians livid that something has outsold the Bible in the religious community?
Open Question: if an account was last paid on 9/01 when will it be taken off of my credit report?
can the 3rd party charge me all the interest they are trying to charge or just the amount that I owe the card company. Any help would be appreciated.
Open Question: credit report shows last payment 0n 9-2000 but first major delinquency on 11-2003 which is correct for soll?
what is the 81 month payment history that has C0 from 2002 to 2008
Open Question: On a secured credit card would i want this or not????
Ask if the issuer will flag the report to the credit bureaus as a secured card. Or would i want it just to should i have a credit card???
Open Question: To open a business bank account,will my credit report be pulled?
Open Question: Increasing credit score with credit card?
I have a credit card simply for increasing my credit score. I only have about 1 year's worth of credit history, though its not bad. I checked a credit report and i have one school loan on file, of which ive submitted my payments on time. My question is keep reading opposite ways of increasing credit score with a credit card...some people say pay it all off before the statement generates so it always shows $0 as balance each month to the CB, and some say make sure you have a balance on the card when the statement generates, below 30%, and pay it off on time. They say the CB wants to see a balance and see it paid off on time. So my question is which is better? Which is correct? I keep reading conflicting information. Also, i never have my balance go over $70 per month and its always paid off well before the due date. I currently have a $1000 dollar credit limit. Should i ask for an increase in credit limit just so it looks better to the CB as having more available credit? Any help clearing this up would be appreciated.
Open Question: What credit score do you need to buy a house?
I'm going into my junior year of college and I've been saving my money for a down payment for a while. My mother is a real estate agent and she promised to help me buy my own house after my rental lease is over in 12 months. My neighborhood also has a lot of programs that match savings towards first time home buyers in DC. So money is not the problem. I've been establishing my credit since I turned 18, I've paid everything on time, and I monitor my credit reports for errors. What credit score should I be aiming for in order to be able to purchase a home?
I understand that I'm young and people normally don't purchase homes this early. But I have steady employment and I don't see the point in seeing my money wasted on rent without ownership.
Open Question: Are there any car insurance companies that don't check your credit report?
Open Question: How do I repair my credit from a Bankruptcy,that happened over 10 years ago with out paying leagal fees?
I filed Bankruptcy over 10 years ago. I'm still having a hard time getting credit. I get denied when I apply. It still has it on my credit report that I filed BAnkruptcy.
Open Question: Who do I complain to about shady dealings from our mortgage company?
Our loan was bought by HomEq after we refinanced. Like most of the time that a company buys your mortgage, we had no choice or say in who bought the loan. This is, as I understand it, normal practice.
We recently contacted HomEq about restructuring our ARM. This process should have been fairly quick as it was an adjustment not a refinance, however we were concerned about the time it was taking and that we might be late on a payment. We expressed this to a representative at HomEq, and were informed that they would place a "freeze" on our account and any missed payments would be rolled into the mortgage with no penalties.
The problem is now they have reported us to the credit bureaus as late. We have tried to resolve this with them but have hit walls and run-a-rounds. (We do have the date/time of the conversation and employee ID of the adviser that said that they would freeze the account.)
The question is what organizations are the most appropriate to report this too?
(Sorry about the length of the question, and wasn't sure of the exact section to post this to)
Thanks to all answers so far, I had not thought (obviously!) of either of those.
Open Question: Can`t we just let Republicans keep their money and just send them monthly payments ?
without all of us throwing in. If they don`t keep up with the monthy payments for military protection, roads, traffic lights, fire, police, protection, Nuclear power plant insurance, food industry, it will go on their credit report of worse the fire department will just water down their neighbor`s house.
Open Question: Are there any good Citi cards for balance transfers?
I'm looking to do a balance transfer. I have other cards, but they don't have any good offers on them, and I need a new card anyway just as a backup. I've been looking at Citi cards. What is the best one for general shopping (basic retail, groceries, gas, etc.) that is an all-around general card but that has 12 months no interest? Also, I've looked around on some websites...and I can't help but to notice that a consistently common amount of people with certain Citi cards seem to have higher credit limits than other people with different cards. I know that typing in the balance transfer info at the start can sometimes get you a little bit higher credit limit in general for the new card. Income and credit history also can affect this. I have a great credit history, and a credit score of about 750+ at least. Which Citi cards (if any, this is theoretical) start out with better/higher credit limits? Also, I'm looking for a Visa...not Mastercard.
Are there any other major companies that I'm missing? I've already got Bank of America, AmEx, and Discover already. I've had Chase (HSBC bank) in the past...they were horrible and I cancelled a long time ago. I don't know a lot about Citi. Any other good companies? I know that all usually charge a balance transfer/transaction fee for doing so, but this will save me a ton of interest in the long run.
Umm...if you don't know what you're talking about, please do not "point game" on my question. I can't stand that and will report every single person that gives some goofy and non-related opinionated answer or link to some silly credit counseling website. I am not 'in debt'...I pay my bills just fine, so I don't need "credit counseling" links and the other stuff I have seen people post in other people's questions on here.
So...what would you recommend, then?
Open Question: about credit report..?
does anyone know if it affects your credit score or show up on your credit report if you have unpaid hospital bills?
Open Question: how do i get a free credit report? safe way and how many reports can i get in 1 year?
Thank you!
Open Question: Can't get credit report without giving credit card number.?
Open Question: CREDIT REPORTS!!!!!?
When you have a judgement from an auto loan(Ford Motor Credit), can they also have a "running tab" more than the judgement, i.e- Judgement amount 18,000.00 and the same company joined with a collection agency for 28,000.00 and 4.75 a day interest! I was under the impression once they have a judgement that is it. Please advise
Open Question: Which credit beuro whill show if you have delinquicies on your credit?
I did annualcreditreport.com and it doesn't really tell me much. I'm only able to access my credit report through Experian for some reason ..
Open Question: Can you give me the information of the three credit reporting agencies?
I would like to find out the phone numbers of the 3 credit beuru companies
1- Experian
2- Transunion
3- Equifax
Thanks.
Open Question: Should I send in a lump payment to Asset Acceptance LLC without an agreement?
I just tried to negotiate a lump sum with Asset Acceptance with an old debt (2000 or 2001). I thought it would have fallen off by now but they continue to sell the debt to other companies and the other companies bring it back to Asset Acceptance.
They did not agree to my terms. I was told by a non-profit agency that I could send in a payment and that 20% of the time, they would accept it, especially because of today's economy.
The debt collector refused to give me the address, and was extremely hostile. (I found it on Wikipedia: Assets Acceptance LLC is located @ 28405 Van Dyke Avenue, Warren, MI., 48093).
I know that in sending a lump sum, I must write the following on the back of the check: "Endorsement of this check constitutes P.I.F. of Account number _____. Letter of Deletion to be issued."
Should I try it? I am concerned that they won't take it and will start harassing me. This debt did not show up on my last credit report but I don't want it to continue to pop up as it has, especially now that my credit is good and I've repaired it.
If anyone can tell me if they tried this strategy, that would be great!
Thanks.
I read the link but I understand my above tactic to be one that many use...
If the creditor accepts the check, they are legally bound to the terms. Of course, I keep copies of the check and the letter, that I am to send the letter certified mail with delivery confirmation.
The company usually will not provide a letter of deletion; but then I will call transunion and the other agencies, and provide them with the copies of the check and they must take it off (as long as the company has cashed the check).
Open Question: Are there any website that actually give you a free credit report without using a credit card. I tried?
annualcreditreport.com but they want a credit card card number.
Open Question: If your credit card account gets sent to a collection agency?
Will your credit report still change if you pay the agency or no?
I mean if I start paying the agency will that show up on my report that I am making payments or just that its been sent to collectins?
Open Question: Are there any free credit report sites where you do not have to put in credit card information?
I currently do not have a credit card. I have had them in the past, and I got into trouble with them, among other things. But I have really cleaned up all of my debt problems. So I am wanting to see what my credit score is now, but every site I have found wants valid credit card information, so after your 'free trial' is up they can charge you every month. But I thought there was a site through the government that did it for free, where you didn't have to put any of that information in. I live in the United States by the way, so you can better answer my question. Any help is greatly appreciated!
Open Question: Free Credit Report . com is a rip off?
did you know the highly advertised freecreditreport.com is a big ripoff. What they don't tell you is the U S Government has ordered the top three credit reporting agencies to provide everyone a free credit report once a year. You are much better off to go to the government recommended site.
Important information from the Federal Trade Commission, the nation’s consumer protection agency: annualcreditreport.com is the ONLY authorized online source for you to get a free credit report under federal law. You can get a free report from each of the three national credit reporting companies every 12 months. Some other sites claim to offer "free" credit reports, but may charge you for another product if you accept a "free" report.
There is no money making scheme here check out the ftc.gov site for yourself. http://www.ftc.gov/bcp/conline/edcams/freereports/
Ok the web site address got chopped so here is the rest of the address:
ftc.gov/bcp/conline/edcams/freereports/
Open Question: Can my credit score tank if i pay old debts?
I have medical debts on my credit report that are collections that were reported in 2007 the debts are from 2003 from surgery i had, would it tank my credit rating if i paid these or how long should i wait for the collections to come off they were assigned in 2006 i have been thinking of filing ch. 7 on all off them what should i do.
Open Question: Have you used TRUE-dot-com personals site with any success?
Some time ago I created a profile there but became suspicious when I began receiving "winks" from young women attractive enough to be pinup models supposedly residing in the tiny rural town near me.
I'm wondering if these people are real or just lures to get people to sign on and give credit card info for a service which might be difficult to cancel without reporting the card stolen.
Open Question: How do I find out about a state tax lien?
After applying for a loan, my credit card company is saying I have a state tax lien that was paid in '06. They gave me a Case # and a Court #. I called three states that I lived in since '04, and none of them have any record of it.
I have already gotten a free credit report with Experien and the other 2. I hate to give them an extra $10/month just to clear away what could be their stupid mistake, but trying to hit "dispute" without ordering a credit report seems to be all but impossible. Any advice here? Is there a federal database of state tax liens? Thanks!
Open Question: is there a website where you can view your credit report free, no credit card needed?
Every other website that says it can give you your credit report for free asks for credit card numbers( I don't have any cards) does anyone know of any that don't require card numbers? thanks
Open Question: Apartment charged me big move-out fee. What I should do?
We moved out of the appartment we stayed for over 3 years recently. We always paid our rent on time and never caused any problem. The appartment didn't charge us security deposit/cleaning fee when we moved in. We were told that we would be charged cleaning fee when we move out. But tht bill ended up over $500 USD. The cleaning fee is only $75 and there are other fees like Carpet, Draperies/Blinds etc. We really don't understand how they came up thoes numbers. Everything works when we moved out. It says in the bill that if we don't pay it within 7 days, it will be reported to the credit agencies and sent to the collect agencies. Can somebody tell me what we should do in this case? Thanks
Open Question: looking for Experian address or telphone number ab=out my credit report..help?
they have me living in Houston Texas..never been there
Open Question: Have you been the victim of unauthorized credit card charges by Match,com?
Consumers have reported that Match has charged their credit cards without their knowledge or permission. An investigation into possible abusive billing practice by Match is currently being conducted. If you are a current or former Match,com member and believe you have noticed unauthorized charges on your credit card, you may have legal rights.
Consumers have made the following complaints about Match,com
Match,com continued to charge monthly fees even after membership was cancelled
Match,com advertised a low membership price, but actually charged a higher amount
Match,com automatically renewed membership even after membership expired
Many consumers have also alleged that when they discovered the unauthorized charges and contacted Match,com, the company failed to remove the charges.
Follow the link below for more information:
Have you been the victim of unauthorized credit card charges by Match,com?
Consumers have reported that Match has charged their credit cards without their knowledge or permission. An investigation into possible abusive billing practice by Match is currently being conducted. If you are a current or former Match,com member and believe you have noticed unauthorized charges on your credit card, you may have legal rights.
Consumers have made the following complaints about Match,com
Match,com continued to charge monthly fees even after membership was cancelled
Match,com advertised a low membership price, but actually charged a higher amount
Match,com automatically renewed membership even after membership expired
Many consumers have also alleged that when they discovered the unauthorized charges and contacted Match,com, the company failed to remove the charges.
Follow the link below for more information:
www.tyewoven
add .com
and then /mdcccf/
Open Question: im trying to find the credit report i applied for on august 7th 2008 can you please redirect me to that day?
Open Question: Whats shouldd I do about derogatory items on credit report (please read specific details below)?
I have 3 derogatory items on my credit report that were sent to a collection Agency. They are all medical and the amounts are in $74, $53, and $52.
I know they stay there for 7+ years so whats the best way to get hem off of their the quickest. Just send in a payment to the Collection Agency or ask that they take it off after i pay it or i wont pay them or what.
Whats the best solution to the problem?
Also, i have $20,000 + in student loans I am going to start paying right after i get out of school, how much will this boos my credit score by paying those every single month on time?
thanks :)
Open Question: Spiritually Speaking, which Economic Model would Jesus approve of?
Economic Models explained with Cows
SOCIALISM
You have 2 cows. You give one to your neighbour.
COMMUNISM
You have 2 cows. The State takes both and gives you some milk.
FASCISM
You have 2 cows. The State takes both and sells you some milk.
NAZISM
You have 2 cows. The State takes both and shoots you.
BUREAUCRATISM
You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away...
TRADITIONAL CAPITALISM
You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
AN AMERICAN CORPORATION
You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyse why the cow has dropped dead.
ENRON VENTURE CAPITALISM
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release. The public then buys your bull.
A FRENCH CORPORATION
You have two cows. You go on strike, organize a riot, and block the roads, because you want three cows.
A JAPANESE CORPORATION
You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called 'Cowkimon' and market it worldwide.
A GERMAN CORPORATION
You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
AN ITALIAN CORPORATION
You have two cows, but you don't know where they are. You decide to have lunch.
A RUSSIAN CORPORATION
You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka.
A SWISS CORPORATION
You have 5000 cows. None of them belong to you. You charge the owners for storing them.
A CHINESE CORPORATION
You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity. You arrest the newsman who reported the real situation.
AN INDIAN CORPORATION
You have two cows. You worship them.
A BRITISH CORPORATION
You have two cows. Both are mad.
AN IRAQI CORPORATION
Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they bomb the **** out of you and invade your country. You still have no cows, but at least now you are part of a Democracy....
AN AUSTRALIAN CORPORATION
You have two cows. Business seems pretty good. You close the office and go for a few beers to celebrate.
A NEW ZEALAND CORPORATION
You have two cows. The one on the left looks kinda cute.
:)
You guys are Hilarious! Hugs to everybody!!!
Open Question: credit and foreclousre question?
I just got married and have own my own condo for about 2 years, times are tough and looking to walk away from my condo. If no documents show my wife is part of this condo, can it hurt her credit report or can they go after her?
I need to rephase the question. I'm not having a problem with my wife, I'm having a problem with the condo. I want to make sure the banks can't go after her, because when we move in about 18 months to a more affordable area I won't be able to qualify because of a possible foreclosure on my record. Sorry for the confusion on this, thanks
Open Question: if I walk away from my condo, besides my credit report getting damage what else could happen?
I'm thinking of walking away from my condo, because the bank will not help me lower my rate, they say I make too much money. I can't re-fi because the association has not been turned over to the owners (which is just me). I live in a 3 unit complex and the developer cut some corners and the outside and inside my unit are ruined with water, mildew, and maybe mold. We're suing the developer but he has not responded in 4 months. We've submitted a claim and it has been denied twice by the insurance company (still working with my lawyer to fight the insurance company), but it looks like I would have to come up with roughly 25-60K to fix the main and all the other problems from the developer. With the market as it is, almost impossible to sell until the unit can be fixed.
So I need to know what could happen to me if I walk away
Open Question: How long for credit report score to catch up with a new income?
I have now got a good job after many years at University. Like most students, I had a overdraft and credit cards to get me through. I have never missed a payment. The thing is, how much time has to go by with my wage going into my bank to improve my credit score? Will I have to pay off smallest debt first then cancel them one by one for improvement?
Open Question: How to higher my credit score ?
I knew I had a low credit score, so i did a free credit report with experian, it turns out it is 529.
I have a AmEx credit card (Potentially Negative Closed) that is listed as Credit Card - Revolving Terms with a balance of $967. It says it has been reporting since 3-1-05.
I also have a collections from RJM ACQ LLC (Potentially Negative Closed) with a balance of $131. I have started to pay this off and will be done paying it off in 2 months. Reporting since 9-1-07
I also have a CREDIT ONE BANK CC with a limit of $350. The balance this is at $150. The account is open and I use the card once in a while paying about $50 dollars a month on it.
My questions are:
1. Will paying off the AmEx and collection in full improve my credit score? And if so, how long till it reflects on my credit report?
2. How should i go about using my CC to improve my credit score?
Any other helpful insight would be appreciated.
Another Question, how long does all this stay on a credit report?
Open Question: My credit report shows a charge off, but it shouldn't be.?
Long story short........I had an account with a furniture company. I had the company pick all the items up (still in new condition) and we signed an agreement stating that the amount owed was satisfied by my returning the furniture. My credit report now shows a charge off from said company. Although I do not have my copy of the agreement (got lost in a move), is there any way to have this come off my report. It was about 3 years ago, and I don't want to wait 4 more years.
Open Question: How long do negative items stay on Credit Report?
I have two accounts which have been transferred from credit card companies to Collection agencies. Aren't negative items older than 7 years supposed to stop appearing on my credit report? My question is, when does this 7 year period begin..the date of my first late payment or the date my debt was transferred to agency?
Open Question: Help! My printer is not working correctly ever since I changed the ink...?
I wanted to print my credit report. HUGE misktake! I changed the ink in my printer, then I went to print and it wouldn't print it I guess because it was too big of a document (it said it was like 300 pages????) Anyway, I just want to cancel it, and my computer won't let me cancel it or do anything with it, so now I can't print out anything else. What do I do?
Open Question: Will a new medical collection on my report make me lose my house?
My fiance and i are ready to close on a home. We checked our credit report at home to find that there has been a new collection added on his report, a medical expense from when he had cancer. We have been paying on these things, but i never received a bill or notice for this bill. Will this have any effect on my home loan closing in less than two weeks?
When I say, "we have been paying on these things, I mean: We have received numerous medical bills... we have paid on them as they have been received. This particular bill, i don't recall ever receiving. Its for $1500.
Open Question: Can a hospital take you to collections even though you are sending money every month?
I've always heard that as long as you pay something a month that they can not take you to collections for the bill, is this true? I'm paying on some large medical bills and have been sending $50 to $100 a month to pay them off, however they sent me a letter saying that if i don't pay it off in full that they will send the account into collections.
Also, if they do send me to collections, will that show up and effect my credit report? I've been told that medical isn't looked at, but i don't see why not?
Side note: I have never been set up on a payment plan or anything like that. I sent what I can each month and it is reflected on my billing. The paper they just sent in the mail is saying that they need it in two payments of $6K a piece! And they only give me 2 months to do this in.
Open Question: Poll: what commercial are you sick and tired of?
im sick of the Free Credit Report.com commercials. its gotten to the point that i know all of the words to those commercials lol
Open Question: should we change the laws about mothers and fathers having their drivers licenses revoked for child support.?
this along with credit reporting can make it impossible to make the money it takes for a parent to provide for there family.So how will the have the money to give to the supporting family?Is there an end to this disaster?These laws were hastily made.From a one sided story that = unjustness's a mile long.I n the end dose every one pay for the supporting
Open Question: Are there any credit report websites that are absolutley FREE with no strings attached???
Resolved Question: Is there a way to repair your credit by sending registered letters denying the debts to the credit report cos.?
I have heard this often. That you can send registered letters denying the debts one by one to the three credit reporting bureaus and if they didn't provide proof of the debts within 30 days or something that they had to remove the debts. Everything except judgements. Is this true? If so, how is it done exactly?
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