Online Loans Approval Source » credit history

Credit cards?

admin — Sun, 28 Feb 2010 02:24:50 +0000

I’m going to start college soon, and I’m being told by many people that I should get a credit card and "establish my credit" by making payments on things on time. People have tried to scare me by telling me that if I don’t buy a new car or a credit card via a store in the mall, I won’t be able to purchase a house in the future, because I "won’t have established good credit" and "won’t be able to get a loan". My initial reaction is that they’re lying to me in order to sell me credit cards, but is there something to their arguments? Is it possible to get home loans without a history of good, or any credit? What’s the best option in a case like this?
Why would I need a credit card if I don’t plan on having credit in the future? I don’t need credit, and I feel we’ve been brainwashed into thinking it’s necessary.

Are there home loans that are given based on proof of income or something other than credit history?

It really seems as though people assume credit has to be a part of their lives; I’m not sure that’s true.

credit cards?

admin — Fri, 19 Feb 2010 12:03:26 +0000

is there any credit cards that you qualify for once u turn 18 and dont have any acounts in ur credit history? because im trying to build my credit score… please let me know any store that gives u credit card. thanks!!!

Credit cards?

admin — Sun, 14 Feb 2010 12:07:04 +0000

ok so my friend has a bank of america credit card that is helping him building up credit, he wants to add her husband to the account so that he can also get a credit car because he doesnt have one and he needs to build credit. Is this a good idea for her to add him to the account? would he get a credit history also? would he get offers of new credit cards if he is linked to hers? or should he get a separate account?

How long should I have good pay history on a auto loan to try to refinance?

admin — Tue, 02 Feb 2010 14:24:30 +0000

I have had bankrupcy and repo in the past 5 years. My credit score now is 620 and they have me at a 15% interest rate. I had to have a car. My old one had over 200,000 miles, was 13 years old and was in need of major repair very soon. My payments right now are doable, but eventually I would like to refinance for a lower rate. My credit history since all those issues has been fine. How long should I wait to refinace? I have heard everything from 6mth to 2 yrs. Also when I do, do I have a better chance of going through the same company? AND…..should I try to pay a little more every mth now to pay off some of the interest or how does that work? I got the car for about 00 less than bluebook price, so I got a really good deal.

I want t refinance my auto loan my Apr is %11 right now how can i reduce it?

admin — Sun, 27 Dec 2009 13:14:00 +0000

I bought used certified car from Dch honda. That is Honda civic 08. The problem is i didn’t put any down payment on that and that vehicle is on my mom name and i am co-signer,because she had good credit history and i didn’t have any history.And they give us %11 APR. My 14,000 going to cost me more than 24000 dollars. now i recently get credit card and i am trying to make my credit history good.But still my history is not that much good.So my apr is very high is their any way to reduce it what is the best company to refinance it. I already applied to refinance it from my Bank but they denied it reason was (collateral damage) I don’t know what it means :(
I didn’t have history but my mom had good credit history the only problem was we didn’t put any down payment that was a problem

What is typically needed to qualify for an auto refinance loan?

admin — Sat, 12 Dec 2009 06:00:08 +0000

Like is it credit score, credit history, current debt, collateral?

Any information would help.

Thanks.

How many credit cards can you have before they drop your credit score?

admin — Tue, 10 Nov 2009 09:36:14 +0000

I heard having too many credit cards can lower your FICO score even if you pay them full each month. How many can you get before they drop your score?

I had problem getting a credit card when I had no credit history and then after I finally got one, I had difficult time getting another one, because banks said I had "too few" revolving accounts. Now I have 5 credit cards and only 1 of them carry balance. My balance to credit ratio is 6% and my FICO score is 740.

Can debt consolidation have a negative impact on my credit profile?

admin — Sat, 07 Nov 2009 14:13:58 +0000

How can debt consolidation affect my credit history/profile? How will it affect my credit score now? What if I want to buy a house within the next 2 years?
What if I want to buy a car within the next year?

Refinance auto loan after six months?

admin — Tue, 03 Nov 2009 02:26:29 +0000

- I have no credit history at all.
- Will have a co-signer (good credit) for loan.
- After 6 months, when credit is built, I plan to refinance and take the loan completely under my name.

I know the interest rate will be higher if I do this, but at least I give my co-signer some peace of mind. I just need to get my foot in the door.

Will I be able to do this? Why or why not?
What does "upside down" on the loan mean?

I was denied auto refinance for this reason, what does it mean?

admin — Wed, 28 Oct 2009 18:14:42 +0000

Applied to get a better rate on my car, but got a denial email from RoadLoans which stated the reason was "Length of time of oldest trade is too short". What does it mean?
My credit history dates back 7 years so I don’t think that is the problem. My current loan is 20 months old, so that may be why I was denied.. I wonder what the magic number is.. one of you said 18 months but its probably more than that..