Credit Cards For Fair Credit » Bankruptcies http://credit-cards-for-fair-credit.com Credit Cards For Fair Credit Thu, 24 May 2012 10:56:41 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How can I buy a house with (Fair) credit …? http://credit-cards-for-fair-credit.com/9823/how-can-i-buy-a-house-with-fair-credit-2/ http://credit-cards-for-fair-credit.com/9823/how-can-i-buy-a-house-with-fair-credit-2/#comments Tue, 02 Aug 2011 18:05:06 +0000 Author I want to buy a 0,000 house while the prices are down. But, I have some late payments/collestions (because I was lazy) & now I can't even get a credit card! So how the hell am I supposed to get a house?!?!

I have a 632 Credit Score
I have NO BANKRUPTCIES
I have NO DEBT
I have a GREAT JOB
I can make a ,000 CASH down payment!!!

I am actually a perfect candidate for a 1st time buyer!!! But with today's economy, I get the feeling that no one will want my business.

Anyone got any ideas?!?!?!?!?!?!?


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    ]]>     http://credit-cards-for-fair-credit.com/9823/how-can-i-buy-a-house-with-fair-credit-2/feed/ 7     Experian Credit Report? http://credit-cards-for-fair-credit.com/4179/experian-credit-report/ http://credit-cards-for-fair-credit.com/4179/experian-credit-report/#comments Sat, 31 Jul 2010 14:25:20 +0000 Author

    ok i just turned 18 yrs old and i had a debt about a cell phone that i owned but once i turned 18 i paid it off.. but why does it say it'll remain under my creit for seven years,,,

    experian says:
    Credit reporting agencies like Experian are governed by the federal Fair Credit Reporting Act (FCRA) and companion state laws. The FCRA permits us to list positive information on your credit report indefinitely, although it generally remains up to 10 years. Accurate negative information - such as a late payment or an account turned over to a collection agency - can remain on your credit report for seven years. Bankruptcies may remain on your credit report for up to 10 years. Unpaid tax liens may remain for up to 15 years.

    what does this mean? because evn wen i want to apply for a store card (like target, macys, bestbuy) or a credit card, they dont let me because they say i have an outstanding debt....


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    ]]>     http://credit-cards-for-fair-credit.com/4179/experian-credit-report/feed/ 6     How Homeowners Can Benefit From An Adverse Remortgage http://credit-cards-for-fair-credit.com/2903/how-homeowners-can-benefit-from-an-adverse-remortgage/ http://credit-cards-for-fair-credit.com/2903/how-homeowners-can-benefit-from-an-adverse-remortgage/#comments Tue, 06 Jul 2010 15:33:07 +0000 Author It's probably unsurprising that if you have bad credit, you're going to have a very hard time finding anyone who will lend money to you - especially with the way this economy looks. Then there are people whose credit and mortgage loans have already slipped. Their credit is getting worse every day and they're having a hard time keeping up. Most of these people find themselves in this position because of problematic adjustable rate mortgages. This situation is when homeowners can benefit from an adverse remortgage. I like to share this interesting Dutch article geld lenen zonder bkr toetsing.

    The adverse remortgage is also called an adverse credit remortgage. This is because these loans are designed for those with less than ideal credit ratings. These people can repay what they owe on their mortgage while they create new terms for a separate loan which is more favorable to them.

    If you have good credit, an adverse remortgage is probably a bad idea, as associated fees and interest rates are typically higher than those you'd obtain with traditional refinancing.

    Usually those who are going to try to get an adverse mortgage can be separated into three different levels based on their credit reports. Those who are only a little behind in payments and have no judgments against them or bankruptcies are assigned to a low risk group.

    People who have a long history of credit difficulties, have one or more judgments against them of low value, and have no bankruptcies are assigned to a medium risk group. Everyone else is considered to be in the high risk group.

    An adverse remortgage benefits you because any business that will grant you this type of loan looks beyond your credit score, and tries to understand how you've fallen into poor credit, and what you're doing to fix the situation. Your current efforts towards repaying your current mortgage are also an important factor.

    Once the level of risk is ascertained, the lender will offer a loan with terms that include a fixed interest rate, usually higher than the average going rate because of the higher risk incurred. In most cases, even these higher rates will be preferable to the adjustable rate mortgage one may have now. If the loan taken out is large enough, then other debts may also be covered as well, lowering multiple payments into a single one.

    Unfortunately, since most banks are having to be careful about how they are lending their money, it is becoming more difficult to get adverse remortgage financing. If you happen to have a good relationship with the bank that holds your current mortgage, it may help your chances at getting an adverse remortgage. In most cases, this bank will be willing to work with all but the very worst credit risks to keep from having to foreclose on the home. Banks know full well that the only way they are going to sell a foreclosed property in the current housing market is by taking a serious loss on it. These banks also understand that by allowing homeowners to take advantage of an adverse remortgage, it's more likely that they'll be repaid completely.


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    ]]>     http://credit-cards-for-fair-credit.com/2903/how-homeowners-can-benefit-from-an-adverse-remortgage/feed/ 0     Credit Report Disputing http://credit-cards-for-fair-credit.com/2745/credit-report-disputing/ http://credit-cards-for-fair-credit.com/2745/credit-report-disputing/#comments Sat, 03 Jul 2010 17:04:13 +0000 Author Are credit repair clinics really worth what they cost? How much would you be willing to shell out to have your credit score repaired? This is really worth a lot to people who need it and that is why credit repair services are showing up all over the internet. A better credit score can save one thousands of dollars in interest. Credit repair services realize this and their fees typically run from hundreds of dollars into over a thousand.

    Credit repair clinics are frequently making claims that they can “remove collections, judgments, bankruptcies” and just about anything you don’t want your lender to know is on there. Well, that is true to some extent, but, as with any claims that sound too good to be true, there is also a flip side to the coin. There is also the small print. The law states that everything on a person’s credit report must be completely accurate. The fact that we need a law to govern that is unfortunate! Of course things should be completely accurate on your credit report! But it is commonly known that 70% of credit reports have errors and twenty-five percent have mistakes that prevent the borrower from getting the loan they deserve.

    Credit repair agencies are not going to get things off your credit report that SHOULD be there. Creditors are not going to just give up when their claim is valid. It is foolish to believe they will. Even if a creditor makes a mistake and allows something to get wiped off your report, you are still obliged to repay the debt if you truly owe it. If a debt is true and provable, there is little to no chance it will get deleted off your report. So, when a Credit Repair service makes these assertions, the small print is going to state that the item in question must be false or outdated. So, basically, you are going to give them a bundle of cash to get things cleared from your report that should not be there in the first place. YOU CAN DO THAT FOR YOURSELF OR WITH YOUR LENDER’S HELP and save yourself a lot of money. It is called credit report disputing, and it simply entails mailing out credit dispute letters. Creditrepair agencies don’t have the only right to do it.


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    ]]>     http://credit-cards-for-fair-credit.com/2745/credit-report-disputing/feed/ 0     How To Find Personal Loans For Bad Credit http://credit-cards-for-fair-credit.com/2111/how-to-find-personal-loans-for-bad-credit/ http://credit-cards-for-fair-credit.com/2111/how-to-find-personal-loans-for-bad-credit/#comments Mon, 21 Jun 2010 08:54:41 +0000 Author Where To Look For Personal Loans For Bad Credit

    If you are looking for personal loans for bad credit chances are very good that you may be discouraged. The good news is that there are a few options for people with credit issues to find personal loans.

    One of the most common types of personal loans for people who have bad credit is the payday loan. This loan will give you an advance against your next paycheck, and is useful in emergency situations where you need a small amount of money quickly. These loans typically go up to one thousand dollars, and you are expected to pay them back over a short term.

    This type of loan has very high interest rates. This is partially to get you to pay back the money owed in a short period of time. They also require you to be able to show proof of income. The good point to them is that they will even give money to people who have recent bankruptcies.

    Secured loans are also possible if your credit is not good. A secured loan is a loan where you promise some type of valuable in exchange for the loan. If you pay the loan back, you get your property back, but if not, the lender gets to keep it. Examples of this include bringing jewelry to pawn shops or getting a loan that is secured with the title of a car you own.

    Online private lending sites are the newest option for personal loans if you have bad credit. These sites let investors bid on requests for personal loans that include credit ratings, the amount the borrower needs and an explanation of why they want the money. If you have bad credit you will likely get bids with poor interest rates, but it is nice to have another option for loans under these circumstances.

    One more possibility is asking someone who has good credit to help you by cosigning on the loan. This gives banks another option for collecting the money so they may be more willing to give you a reasonable interest rate. If you have someone who will do this for you, it may be the best bet for personal loans for bad credit.

    Thanks for taking the time to read my article and I hope it has helped you a lotm, if you want more information, I highly recommend you to click here!: personal loans for bad credit or bad credit payday loan or no fax loans


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    ]]>     http://credit-cards-for-fair-credit.com/2111/how-to-find-personal-loans-for-bad-credit/feed/ 0     How can I buy a house with (Fair) credit …? http://credit-cards-for-fair-credit.com/1340/how-can-i-buy-a-house-with-fair-credit/ http://credit-cards-for-fair-credit.com/1340/how-can-i-buy-a-house-with-fair-credit/#comments Sun, 30 May 2010 21:55:24 +0000 Author

    I want to buy a 0,000 house while the prices are down. But, I have some late payments/collestions (because I was lazy) & now I can't even get a credit card! So how the hell am I supposed to get a house?!?!

    I have a 632 Credit Score
    I have NO BANKRUPTCIES
    I have NO DEBT
    I have a GREAT JOB
    I can make a ,000 CASH down payment!!!

    I am actually a perfect candidate for a 1st time buyer!!! But with today's economy, I get the feeling that no one will want my business.

    Anyone got any ideas?!?!?!?!?!?!?


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    ]]>     http://credit-cards-for-fair-credit.com/1340/how-can-i-buy-a-house-with-fair-credit/feed/ 7     I have a POOR credit score and need to rent an apartment. How can I do this? http://credit-cards-for-fair-credit.com/658/i-have-a-poor-credit-score-and-need-to-rent-an-apartment-how-can-i-do-this/ http://credit-cards-for-fair-credit.com/658/i-have-a-poor-credit-score-and-need-to-rent-an-apartment-how-can-i-do-this/#comments Sat, 01 May 2010 21:36:21 +0000 Author

    I live in San Diego, CA. I have absolutely horrific credit (not bragging). I had a rough patch which basically demolished my fair credit score about 2 years ago. I have been working at the same job for years and in the past have rented various luxury apartments in the past (when I had fair credit). I have never had a problem with a landlord as I have always paid my rent on time. My credit history tells a very different story however. I think my FICO is a whooping 500 which is terrible I know. I am now what they call cash rich, credit poor. I'm finally making really good money, but I have the worst credit rating. I don't want to have a co-signer, but if I have to I can get one. I can also afford to pay double whatever the deposit may be. Will the fact that I've had the same job for four years, make over 3 times the rent amount, and have a good rental history save me from my terrible credit history? How tough are landlords about this sort of stuff? I want the apartment in my name only and I have a dependent.

    I know that people experiencing worse situations...i.e. bankruptcies must be able to rent, so surely I can rent someplace?

    Does anyone know of apartment complexes in San Diego that either don't do credit checks or that will work with people with bad credit? I did find one place online that is a luxury apartment and works with people with bad credit, but I really want to save money and all their apartments are 00+.


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    ]]>     http://credit-cards-for-fair-credit.com/658/i-have-a-poor-credit-score-and-need-to-rent-an-apartment-how-can-i-do-this/feed/ 3     How to Avoid Bankruptcy, and Get Ripped Off http://credit-cards-for-fair-credit.com/8/how-to-avoid-bankruptcy-and-get-ripped-off/ http://credit-cards-for-fair-credit.com/8/how-to-avoid-bankruptcy-and-get-ripped-off/#comments Fri, 16 Oct 2009 15:05:42 +0000 Admin http://credit-cards-for-fair-credit.com/?p=8 First and foremost, I am not an attorney and I cannot give legal advice. However, I have spent 20 years approving and administering retail and mortgage credit. Doing so, I have helped many a customer tweak or repair their credit in order to qualify for the particular loan they have applied for. This often requires me to explain the fundamentals of credit repair as well as undo many of the misconceptions borrowers have picked up over the years.

    One of the most egregious misconceptions people make in an attempt to avoid bankruptcy is the use of consumer credit counseling services (CCC). At best, these companies are a rip-off, and at worst they’re crooked. When you use (CCC) services it is almost always notated on your credit bureau by the credit repositories or by your individual creditors. When mortgage companies see “CCC” on your credit report it’s treated exactly like a bankruptcy.

    The pitch

    • You can avoid bankruptcy – This is their primary pitch. They prey on people who are terrified of the stigma of bankruptcy. The truth is, CCC programs mimic chapter 13 bankruptcies without the protection that bankruptcy provides.
    • We can settle your debt for less – So can you, so can a bankruptcy attorney, plus they can give you protection from legal action from your creditors.
    • We take all of your payments and bundle them into one low payment – So can you, simply call the creditor and tell them “it’s bankruptcy or lower payments, which would you prefer”?
    • We work with all of your creditors for you and stop the harassing phone calls – The FDCPA (Fair Debt Collection Practices Act) gives everyone the right to stop the phone calls, simply Google the acronym above and follow the directions.
    • We will repair your credit – Yea, in seven years or longer. Bankruptcies stay on your bureau for 10 years, slow payments for seven. When you make partial payments to the creditors they report the slow payments each and every month.

    This means that the credit bureaus will report your slow payments for as long as you are working the repayment plan, which can be years. Your credit will begin to heal ONLY after you have made the last payment. Bankruptcies are like a Band-Aid, once you rip it off the wound begins to heal.

    We have secret tactics that only we can use – Bologna! (Expletive Omitted) Read the FDCPA and the FCRA for every “secret tactic” that is legal.

    The truth

    CCC services can’t do anything that you can’t do for yourself. They make money from their clients, (you), collection companies and your creditors. In fact, most creditors have become so annoyed with their “service” that they refuse to speak with CCC services, even when they have permission from you to do so.

    Using CCC services will ruin your credit the same bankruptcy, take longer for your credit score to heal and cost you extra money. Not to mention this is all done without the protection from your creditors that bankruptcy provides. Meaning, the credit card companies can place a lien on your home or get a judgment against you anytime they like. Not so with bankruptcy.

    In closing, I am not a proponent of bankruptcy; nor am I against it. I am simply looking at the situation from a pragmatic point view. Everyone’s credit situation is different and requires a unique approach when seeking to repair it. Just know this; you have all of the power to repair your credit at your fingertips without having to hire someone else to do it for you.

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