radioactive_babywipes


I’ve heard that once you pay off a credit card you shouldn’t close the account to keep a good credit score. I’ve also heard that even though one pays off his credit card reducing the credit limit is also not a good option for keeping a great credit rating. What is the best way to handle this situation if you don’t really want the card around to prevent you from running the balance up, but also don’t want to hurt your credit rating. Is there any way to find out what exactly affects one’s credit score?

Examples: Let’s just say a website or book states something like filing for bankruptcy subtracts XXXX amount of points from your credit rating. Defaulting on credit card payments for XXX amount of months subtracts XXX amount of points from your credit rating. Paying off federal student loans adds or subtracts XXXX amount of points from your credit rating. Also is there anywhere that states how long certain things stay on your credit report?

bailey7


Example: You refinance with $200,000 cash out & house appraises at $650,000. The loan is $520,000. Value of property drops to $450K so you can’t refi; the cash has been spent & now it is going into foreclosure. What will bank do?

KOOLAID


I’m trying to become debt free and need help with unsecured debts. been trying to locate a agent online but, getting kind of frustrated. NEED HELP ASAP!

Joachim A


I have bad credit up to 500 and my bank won’t loan me money because of my credit score wich got worse when I was unemployed. Now I am working I have dependants i can’t put down on my tax because they don’t live in the US. I want to improve my credit score to get a loan.

runnercaiti1


I am 24, single, pregnant and work two jobs. I can afford an apartment but my credit is bad due to not working for a couple months.

I am living with my dad and stepmom right now but I need to get out asap. How can I get an apartment if I have bad credit and no cosigner?

HexGirl


I have only one in collection, and 10 that are good standing, how long would the bad one stay on my report, and how long is good credit on there for? I am in California.

…


I am trying to find a home loan but i dont have good credit my score is pretty low and i dont have much of a down payment does anyone know of any place i could look to mabey get a home loan in florida? I am new to the whole process and dont know what to look for a lot of places say bad credit is ok but you have to have at least a 600 credit score?? I dont know where to look anymore.

Thanks for the help.

Zeke


I have tried to get approved for a debt consolidation loan so I could have my credit cards and school loan under one monthly payment rather than juggling several payments but I get denied because I have too much credit in my name right now. If I close all the credit cards will this help me get a loan approved? It would make life so much easier if I just had 1 steady monthly payment.

crazyredkittycat


My boyrfriend and I just got approved for a mortgage, and we would like to purchase a foreclosure. (a home in our price range is not large enough for all of our stuff). What is the process for buying a foreclosure, can we still have a showing? What’s the difference in process??

Angel Princess


There is a credit card showing on my credit report and I didn’t know about this specific card. I have the name of the card, the card number and balance on this card. I want to know what it was used for. Can someone help me?