The credit Repair Thread

[LeVraiPapi]

Link us and walk us thru breh.



Another question for you and @drjosie . How much do installment loans balances affect your credit? My total debt is like let's say 20k. About 10% is my car note, 5% is my credit cards, the other 85% is my brothers car. I know utilization is only looked at on credit cards but does what you owe on other loans matter? Or as long as the account is current, it can't hurt you? He said he was gonna refinance after a year. By that time, I should have my car paid off and I don't plan on doing another car note again ever if possible. Should I try and stay on his car note to have that mix of credit or just stick with credit cards for the time being? I do want to get my own place eventually but I don't want that loan affecting my debt to income ratio, but also lowering my score if I don't have that credit mix.

I swear I replied to this post already bro.

Go to creditchecktotal.com

 

[mannyrs13]

I swear I replied to this post already bro.

Go to creditchecktotal.com

Checked and bout to cancel before I forget. Interestingly my fico is higher than my experian and transunion, which went down some but should go back up like the experian did. I have one missed or late payment from 61 months ago and I read that it can stay on for 7 years, so hopefully that's not killing me too much. Everything else looks good for that matter. I think that achieving 800 is just a matter of keeping my utilization on single digits and waiting patiently for a few inquiries to drop from there. Hopefully by 2018.

 

[DamienWayne]

what is a good credit card to get as a first timer with low credit

 

[LeVraiPapi]

what is a good credit card to get as a first timer with low credit

Unsecured card that would graduate to secured or regular card within a year or less. Check with Cities and Bank of America, or a credit union. Also, sign up with a credit union instead. Every now and then, they give out no credit check loans, use those even if you don't need the money. Easy way to bump your credit up 10 points or more

 

[DamienWayne]

Unsecured card that would graduate to secured or regular card within a year or less. Check with Cities and Bank of America, or a credit union. Also, sign up with a credit union instead. Every now and then, they give out no credit check loans, use those even if you don't need the money. Easy way to bump your credit up 10 points or more

what is the difference between a bank and a credit union? currently with regions

 

[LeVraiPapi]

what is the difference between a bank and a credit union? currently with regions

Credit unions are more laxed with lending and they appreciate you more as a customer. So, that's why you get better deals at a credit union of 500 customers than a big bank with 25 million customers. They always give you the best deal. Sometimes, banks would match their offer or go lower to discredit them but best believe big banks won't give you that small loan easily.

 

[You Win Perfect]

HOW MUCH YOU APPROVED FOR ON THE CHASE ?

PS if you guys want, I can refer to a site where you pay 1 dollar for a full credit report and Fico 8 score. U gotta delete your info withn 48 hours though.

Very accurate site. You have all 3 reports and Fico for 1 dollar. A steal to say the least

i think a few cc companies give you fico score free when u get a card with them. discover does

 

[CASHAPP]

Unsecured card that would graduate to secured or regular card within a year or less. Check with Cities and Bank of America, or a credit union. Also, sign up with a credit union instead. Every now and then, they give out no credit check loans, use those even if you don't need the money. Easy way to bump your credit up 10 points or more

Is it possible to get an auto loan for a 2014 car with no credit? i want to do financing and get a loan for the full price of the car($10,000) and get something right away. is there any chance at all a credit union or a car dealership will do this?

and as far as credit repair related i submitted a request last weekend to remove two collections in my credit report totaling $900 something in change . if i get lucky and both are removed on average how much should my credit score go up and how long will it take to see the credit score increase?

 

[LeVraiPapi]

i think a few cc companies give you fico score free when u get a card with them. discover does

It depends on which Fico they give you though. Hope they give out Fico-8 now. I don't see why not

Is it possible to get an auto loan for a 2014 car with no credit? i want to do financing and get a loan for the full price of the car($10,000) and get something right away. is there any chance at all a credit union or a car dealership will do this?

and as far as credit repair related i submitted a request last weekend to remove two collections in my credit report totaling $900 something in change . if i get lucky and both are removed on average how much should my credit score go up and how long will it take to see the credit score increase?

Best bet is go to the dealership for the loan. Cleanest way to get a loan. When you go to the small dearlerships, they will run your credit through 4 or 5 different lenders. That's 4 to 5 hard inquiries from one credit check. Don't listen to people that say they count as 1, they don't. They don't affect your score as bad if it's within 2 weeks but believe me breh, lenders look at inquiries a lot.

Your score increases as soon as the collections drop by 10 or more points.

 

[CASHAPP]

It depends on which Fico they give you though. Hope they give out Fico-8 now. I don't see why not





Best bet is go to the dealership for the loan. Cleanest way to get a loan. When you go to the small dearlerships, they will run your credit through 4 or 5 different lenders. That's 4 to 5 hard inquiries from one credit check. Don't listen to people that say they count as 1, they don't. They don't affect your score as bad if it's within 2 weeks but believe me breh, lenders look at inquiries a lot.

Your score increases as soon as the collections drop by 10 or more points.

It depends on which Fico they give you though. Hope they give out Fico-8 now. I don't see why not





Best bet is go to the dealership for the loan. Cleanest way to get a loan. When you go to the small dearlerships, they will run your credit through 4 or 5 different lenders. That's 4 to 5 hard inquiries from one credit check. Don't listen to people that say they count as 1, they don't. They don't affect your score as bad if it's within 2 weeks but believe me breh, lenders look at inquiries a lot.

Your score increases as soon as the collections drop by 10 or more points.

thank you man. I got scared for a second you were gonna tell me its not possible. Got scared that you would say the only way to do that is to pay 100 percent cash upfront

 

[LeVraiPapi]

thank you man. I got scared for a second you were gonna tell me its not possible. Got scared that you would say the only way to do that is to pay 100 percent cash upfront

How old is your credit ? Scores ? Most of them would do no money down but be ready for a 6 or 7 year loan term though, if you have poor credit. Check the American car dealerships.

 

[Astroslik]

does student loans hurt your credit? even if they are in good standing? (making payments on time etc)

 

[mannyrs13]

does student loans hurt your credit? even if they are in good standing? (making payments on time etc)

Never had them but I don't see why they would as long as they're in good standing. They could help your payment history tho and variety of credit mixes. They don't affect utilization or any inquiries that I know of. Just keep them in good standing and you should be good.

 

[LeVraiPapi]

does student loans hurt your credit? even if they are in good standing? (making payments on time etc)

They definitely do. Whats worse is your credit will take a hit once you done paying them. Dont get me started with late payments

 

[Astroslik]

They definitely do. Whats worse is your credit will take a hit once you done paying them. Dont get me started with late payments

That's some bullshyt, even if you make payments on time, the loan still hurts you? . So student loans is basically a double edged sword, you get debt AND it fukks up your credit, which is detrimental for opportunities to allow you to actually get out of debt. Wow...