Amy P asked:


We want to refinance to lock in a fixed rate. (and possibly pay off around $10,000 in credit card debt- but that is not necessary) He has a few late payments on a couple smaller balance accounts that are screwing up his credit score. My credit isn’t that great either, plus I don’t work (Stay at home mom) We owe $190,000 on our house and it’s been appraised (by a relator/friend) for at least $360,000. We know that his credit score will affect the refinance process but we have a few months to try to improve his credit score. Any ideas are much appreciated

William

Bryan asked:


Due to a recent divorce, my credit rating is poor. I’d like to improve it without getting raked over the coals in massive interest payments. Whats the best credit card for someone with a poor credit score?

Anita

Dunlap asked:


My credit is pretty crap, score just shy of 500 last I checked, and I would love to get it back to the point where I could buy a car or even house should I ever get to that point. So far the only way I have found that might improve it, that I might get approved for, are the crappy credit cards that require twice your secured credit limit in fees just to get it started and have a 30% interest rate. The rate doesn’t bother me as I don’t intend to carry a balance, but I’m not going to pay $300-$400 for a card that I don’t even really want.

So, is there any realistic way to improve my credit? Believe it or not I’m an upstanding guy. I just went through a period where I was semi-homeless and not able to pay any of my outstanding bills, so I have some way late payments, a defaulted student loan or 2, everything paid off through collections, but apparently the damage is done. I currently have a checking account, 401k, and investment account with Ameritrade, if any of that matters.

Brian

michael m asked:


I have two credit cards, both with a $3000 limit, both with $1500 charged on them. They have the same % rate. Is it better to improve your credit score to transfer one balance to the other card, making one almost maxed and the other one @ $0?

Joann

Angel I asked:


I have about $30,000 in debts. Mainly from credit cards dating before 2002. I used to pay my bills on time, however, in 2002 I was diagnosed with a disabling illness and fell way behind on my bills. I no longer am able to work and have been on Social Security Disability Insurance for 6 months now. Would it be worth filing for Bankruptcy? or should I just wait till the “7 year reporting period” from creditors have passed, and not file? I really want to improve my credit rating ASAP! Also, I live in California and I’m planning on moving to Texas very soon. IF I should file for BK, Should I do it in CA or TX?

Crystal

dooblemayer29 asked:


I know it will still be on my credit for the next 2 years at least but will my credit rating improve once the case is discharged since it won’t be an open case?

Rosemary

Charliefarley asked:


As I am trying to improve it. I noticed that listed in my report are a credit card and a loan that have been paid off and are still on my report as ‘settled’. I was just wondering why they are still there if they are finished with and will they have any affect on my report or score?
I’m in the uk

Thanks guys x

Jamie

SUNNY-JADE asked:


I have been working very hard to improve my credit score and have had to make several personal loans to do so. Now I have a lot of different payments with high interest rates. I would much rather have one payment with one interest rate.

Joan

smf_hi asked:


I had filed for bankcruptcy 3 years ago. Two years ago I refinanced my house with a adjustable rate mortgage which is due to reset this October. When I did the refinance I rolled an existing second mortgage into my new loan. Since my bankcruptcy I have had a perfect payment history and have paid off several new loans to help improve my credit. Unfortunately the credit agencys are reporting the previous house loan and the second mortgage as included in the bankruptcy which they were not. Both loans were paid off with the refinance. I have contacted all three credit agencies numerous times, sent them the bankruptcy paperwork which showed the house as being excluded from the bankruptcy as well as the new loan which shows both loans being paid off. They still refuse to update my credit report. Since these show up in my credit as foreclosures/bankruptcy, I cannot refinance without paying a high interest rate. Is there any legal action I can take to get this resolved?

Norman

Burton asked:


I am rebuilding my credit and trying to improve my credit score. I have an SUV that I bought outright and only have credit cards ( A bank Visa, Mastercard, a couple of retail credit cards, gas card. I have no installment loans and I rent a home. I just added a Home Depot card to the mix and of course my credit score dropped. I use Wamu and they give you ways to rebuild your credit and analyze your score every month. This month it told me for the first time one of the reasons my score is the way it is is because I have no installment loans and I should have a good mix.. My credit score is still just below 680 which is required to get a decent loan interest rate so I don’t want to really go into more debt until my big ugly repo from 2001 falls off next year which I”m sure will raise it considerably..( I made some mistakes when I was young) Can someone give me some advice?

Florence