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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Fri Aug 28, 2009 2:50 pm
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| Yes and this should have been something the government could have expected when the gave the credit card companies time to comply with the new laws. Just before the new laws were to take effect they pulled this whammy. Next time they need to enfirce and pass laws a little more quickly. Do you know where I can find any of the new laws that took effect so I can review the changes that ere made? |
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kulwinder singh
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Subject: my experience
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Thu Sep 03, 2009 6:28 pm
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im 19 years old i had the following credit scores 540, 530,560
i went to citi bank, made a CD for $2,000 then i borrowed against that cd for $1,900 your only allowed to borrow 90% of the cd, this is called a SECURED LOAN. three months later my score went to 601,630,590 Im still searching online for other ways to raise my credit score and thats how i recently came across this forum. As far as credit repair im telling you theres these sample templates that i have not yet tried but will do soon that basiically teach you how to write a letter to the credit burues regarding reported accounts and how to remove them with out paying anoyone.
kulwinder singh thandi |
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rony1434
Joined: 20 Oct 2009
rony1434's page
Posts: 1
10 Magic Points
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Wed Oct 21, 2009 12:22 pm
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Hi all
This is rony dsouza from USA.
I want to know about whole concept of credit scores
could anyone here help me? |
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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1298
28935 Magic Points
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Wed Oct 21, 2009 1:05 pm
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Hi Rony,
A credit score is a numerical expression of the credit worthiness of individuals. It is based on the evaluation of the credit report which contains payment history of the individual. Normally lenders or creditors check the credit reports and scores of an individual before extending credit to that person. Credit score is normally counted based on the method introduced by Fair Isaac Corporation. The credit score from there on has come to be known as FICO score. Whenever, there is a negative listing reported in your credit report, the score goes down and vice versa. There are several ways of improving the credit score as well.
_________________
All the Best 
Justin |
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Meagan
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Subject: Wanting to Buy a House...soon-ish.
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Tue Oct 27, 2009 10:27 am
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Hey There,
My husband and I are looking to purchase house within the next few months. (probably unrealistic, I know) I have a 597 and he has a 564. I know that FHA will not even consider you unless you have at least a 620. Understandably so. We have about $700.00 in collections, and about $12,000.00 in revolving debt. Does anyone have any suggestions as to where we should start with upping our credit scores in a pinch. We have some things going on with our rental situation that we don't want to run into again. (The house we live in is being sold in a few months. We were under the impression that we could stay as long as we'd like, so we adopted a second dog.) I'm also tired of paying house payments, and having nothing to show for it. Have already started making payments on our collections, and my husband is trying to pay down the balance of his main credit card. Is there a specific ratio of credit points per dollar? Say $10 equals 1 point? I just don't want to go through the financial trouble of paying off $700.00 in collections and find out that, that is not what's holding our credit score down. PLEASE PLEASE PLEASE help me...I need guidance. I am just SO lost. Thank you so much!!! |
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