RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up?

RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (Full Version)

All Forums >> [Casual Banter] >> Polls and Other Random Stupidity

Message

BitaTruble -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/1/2009 3:36:23 PM)
quote: ORIGINAL: YourhandMyAss Yes, we're making sure to take care of the inuries and not pick open any sores, to use your analogy. If a bill has gone to a collection agency in the past, but you did pay the amount owed, do you just have to wait a while for the collection agency ding to go away, or is there something specific you have to do, to get it off your record a bill went to a collection agency? Unless you disputed the bill, then sorry, but yes, only time will allow that to fall off the charts and not count against you anymore. Depending on the agency, it could take anywhere from two to three years for that to happen and if it is a really large debt it could take even longer. The good news, is that clock has started ticking already since the bill is paid. You can´t change the past, so don´t sweat about that bill anymore and just make good choices from here on out. btw: Paying everything by cash will not increase your credit score because it doesn´t increase your credit line and your line of credit directly impacts your credit score. If you are just trying to get out of debt, then by all means, go with strictly cash. If you are actually trying to increase your credit score for your future purchasing power, well, you have to use credit to get credit. It really all comes down to the line of credit and what sort of plans you want to build for your future. If you want to buy a house one day, you will, absolutely, have to get involved unless you can save up a couple of hundred thousand to pay cash.. or.. you could win the lottery. [8D]

YourhandMyAss -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/1/2009 3:36:43 PM)
Ok, so you have to pay, not only the 85 dollar bill, but you have to pay the creditor, who sent out a notice? quote: ORIGINAL: beargonewild quote: ORIGINAL: YourhandMyAss If a bill has gone to a collection agency in the past, but you did pay the amount owed, do you just have to wait a while for the collection agency ding to go away, or is there something specific you have to do, to get it off your record a bill went to a collection agency? If a past owing is paid in full to a collection agency, then it is noted in your file though that will affect whether a credit card company will issue you a card. It depends on the policies of the individual credit card company on how far back they check your credit history. And each collection agency has their own procedures and policies regarding a closed file and it's a matter of asking them.

YourhandMyAss -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/1/2009 3:40:40 PM)
Bita, not only buying a house, but credit scores are important for just about anything now days. When Daddy and I were looking at apartments, before filling out a application they often so we wouldn't waste application fees, said if his credit score was poor, no matter how good mine was, it'd tank our application. And as for buying a house, it's one of my dreams, that I save enough money over the years that by the time I personally want a house, I will have at least half of it cash wise up front. And no 30 year mortgage, tthat takes me all my life to pay off. It's a big dream but I am young still and I believe with serious dedication it's not an unreasonable dream. quote: ORIGINAL: BitaTruble btw: Paying everything by cash will not increase your credit score because it doesn´t increase your credit line and your line of credit directly impacts your credit score. If you are just trying to get out of debt, then by all means, go with strictly cash. If you are actually trying to increase your credit score for your future purchasing power, well, you have to use credit to get credit. It really all comes down to the line of credit and what sort of plans you want to build for your future. If you want to buy a house one day, you will, absolutely, have to get involved unless you can save up a couple of hundred thousand to pay cash.. or.. you could win the lottery. [8D]

beargonewild -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/1/2009 3:44:00 PM)
How most collection agencies work here in Canada is the creditor pays a fee to the agency to collect the outstanding bill. Collections will contact the person in debt and try to negotiate a reasonable payment scheme where you either pay it all in one lump sum or monthly payments plus interest, these payments go back to the collections agency.

camille65 -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/1/2009 3:51:51 PM)
YHMA has he ever actually checked his credit record or are you guessing that it is awful? One thing I suggest is not to co-sign anything with him, and on the money you lent him via credit card make sure that you include the interest that accrued with what he owes you. It can be really hard when one person is fiscally responsible and one isn't. My suggestion is to have him get a secured Visa or MasterCard through his bank, that way he simply cannot overspend more than he has. Try to not use a credit card for groceries or anything else that is 'disposable', and remember that a debit card is totally different than a credit card. Good luck in getting his finances straightened out.

Aynne88 -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/1/2009 3:57:13 PM)
YHMA, these two sites have the answer to all credit questions. Especially the forums on the credit boards. www.myfico.com www.creditboards.com This is to important to not get detailed accurate information. Some of the stuff on here I had no idea, for example, I have two accounts with American Express and I was shocked to discover things like they lower credit lines based on the type of stores you shop at. They like to see high end purchases, and stuff like dining out, boutiques, or business expenses. Shop at Walmart and discount stores with your Amex? * I don't * But anyway, wait for a credit line decrease. Stuff like that is really good to know. The boards also have a huge section on improving low fico scores.

DeviantlyD -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/1/2009 11:30:49 PM)
When I first started out, I got a department store credit card first. I got a couple of refusals, but all it took was one. From that point forward, I established my good credit and it got easier to get another department store credit card and then finally a MasterCard. Perhaps that is how you could start - get a department store card or a card from any place that offers them. If you get refused with one, try another. Once you get one, and you handle it well, it will make other forms of credit easier to obtain or, I would imagine, an improved credit score.

SavageFaerie -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 5:36:46 AM)
Im a dont get anything unless I have the money or saved up for it and wait for a sale. With the small income I get, if I cant say I need this instead of want this....it wont get bought period unless I budget for it and put back for the purchase. I dont have credit and dont much care to get it. The last thing I need is another bill on a very limited fixed income.

hopelessfool -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 5:52:43 AM)
Go to the bank and get a prepaid credit card you take 100 300 500 1000 dollars and its frozen in your bank account . you use the card... then transfer some of the frozen funds to the card when its due, you cant over spend and it helps build your credit because your paying things over time.

Rainfire -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/2/2009 6:03:45 AM)
quote: ORIGINAL: BitaTruble <snip> Also, some credit cards are better than others. American Express packs more wallop on the credit front than a Home Depot charge card. Avoid department store credit cards like the plague unless you can pay them off every month. They generally have very high interest rates even for those of us with excellent credit. If you do get a credit put a charge on it, pay above the minium but do NOT pay it off for three months. Revolving cards will grow your credit the fastest and if you keep just a small balance, you will pay a minimum in interest for those three months to help build your score. For example, if you put $100 charge on your card and the min payment is $25, pay $35 the first month, $35 the second month, then pay it off the third month and that will have a bigger impact on your credit score than paying the whole thing off in the first month even though you will pay a few dollars in interest for those first two months. People who pay off their credit cards do NOT generate any money for the credit card companies so they are more reluctant to extend further credit which means it is harder to raise your credit score. <snip> I learned this the hard way after a very messy divorce that left me screwed over badly financially. I had been taught to religiously pay off my bills every month and don't let a balance roll over. After 2 years of paying in full, I asked for a credit increase on my card. I was denied. Told that my history didn't warrant an increase because I paid the balance in full every month. And that paying in full had actually hurt my account. I was livid because I had struggled so hard to make sure that my bills were paid in full every month and no one ever said a word, knowing I was trying to rebuild my credit. OP - I would suggest getting a secured card, make a purchase, pay it off over several months and go from there. Maybe repeat the cycle a few times. Unfortunately, with your history, you'll have higher interest rates and probably annual fees. Think of them as an investment towards better credit and make sure to not repeat past mistakes. Good luck.

YourhandMyAss -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/2/2009 8:56:03 AM)
He's checked it camille, and every time we try to apply for anything that involves credit, he's rejected cause his history is pretty poor. I did recommend checking it again, since he hasn't checked it in a while. quote: ORIGINAL: camille65 YHMA has he ever actually checked his credit record or are you guessing that it is awful?

YourhandMyAss -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 8:59:50 AM)
Having good credit is essential in life, for some of us. Like I said if I try to get an apartment with him, his shitty score will tank our application, even if my score is perfect. If you need to buy a car or a house or anything poor credit will taint that too. quote: ORIGINAL: SavageFaerie I dont have credit and dont much care to get it. The last thing I need is another bill on a very limited fixed income.

YourhandMyAss -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign up? (3/2/2009 9:04:24 AM)
Rain my history is good I have to many offers coming through lol. Every week almost it's an offer for a new card or new account this or new account that. I don't accept them however, cause I already got the accounts I want, and even those I will be closing once I pay them off. The apr's on them are really really high somce of them being well over 25 percent. So I'll close them and apply for a higher limit with my banks credit card, and get better APR'S Once the bank will deal with him, we're going to get him a secured credit card, but they said He had to be with them 6 months before they'd consider it, because his history is messed up and some big flags came up when they did a credit check and ran his info through the credit check program. quote: ORIGINAL: Rainfire OP - I would suggest getting a secured card, make a purchase, pay it off over several months and go from there. Maybe repeat the cycle a few times. Unfortunately, with your history, you'll have higher interest rates and probably annual fees. Think of them as an investment towards better credit and make sure to not repeat past mistakes. Good luck.

LaTigresse -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 9:06:21 AM)
quote: ORIGINAL: YourhandMyAss I know credit one will, but they want a 70 dollar sign up fee and then they want a yearly fee of 70 dollars, and they will charge you 5 dollars a month to reach that 70 dollar yearly fee. We've tried capital one, Discover, Walmart Discover, Bank of America* his bank* and we've tried my bank safe credit union We ended up trying credit one. We want to raise his credit score, and so far the only way I know of doing that is to have a credit card and use it and pay it off responcibly. If there are other ways of making your credit score grow with out a CC please feel free to tell us. #1......Stop applying for credit cards. That lowers your credit score. #2......Get a secured loan and pay it off as scheduled. #3......After a year of paying the secured loan, on time religiously, apply for a secured credit card.

LaTigresse -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 9:08:56 AM)
quote: ORIGINAL: YourhandMyAss Ok, so you have to pay, not only the 85 dollar bill, but you have to pay the creditor, who sent out a notice? quote: ORIGINAL: beargonewild quote: ORIGINAL: YourhandMyAss If a bill has gone to a collection agency in the past, but you did pay the amount owed, do you just have to wait a while for the collection agency ding to go away, or is there something specific you have to do, to get it off your record a bill went to a collection agency? If a past owing is paid in full to a collection agency, then it is noted in your file though that will affect whether a credit card company will issue you a card. It depends on the policies of the individual credit card company on how far back they check your credit history. And each collection agency has their own procedures and policies regarding a closed file and it's a matter of asking them. Yes.

SavageFaerie -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 9:37:27 AM)
quote: ORIGINAL: YourhandMyAss Having good credit is essential in life, for some of us. Like I said if I try to get an apartment with him, his shitty score will tank our application, even if my score is perfect. If you need to buy a car or a house or anything poor credit will taint that too. quote: ORIGINAL: SavageFaerie I dont have credit and dont much care to get it. The last thing I need is another bill on a very limited fixed income. I dont have poor credit, I have no credit. I dont drive so no car to buy, I could never afford a home on $1000 a month. I used to have credit long ago, I simply have no need for it now, if I cant afford it I go without. I dont own , rent or upkeep anything. The only revoling thing I have is my phone which is on my sisters account which I have faithfully paid before its due so she doesnt get hit with my phone charges. Oh and my sister did let me use her PC Richards charge card for an emergency laptop replacement, but I found one on sale for 399.00 after rebate, the rebate check went straight to the credit and I have all but paid off what was equal to the price of the laptop plus interest...but since she has been so helpful to me I will more than likely still pay toward that bill, to make up for the cost of others things she bought to make living in a apt for 1 person and 1 cat into a way to have 2 people. I would never consider not breaking a promise to repay the instant someone give me a slight loan, nor would I put their credit at risk. Nor would I ever take a free ride in anothers home, if I cant contribute to household expenses and the cost me myself I wont live there. Luckily I come with income and insurance and strive to live way under my means. No one HAS to have credit as you put it, it helps but so does the sight of cold hard cash, which often with that you can get discounted prices. Sounds to me like you either need to belly up the same amount of cash as you need to borrow and get a secured card...no company is just going to give you an unsecured card with trashed credit period...it make no difference if you have better credit or not if he is the one applying. either pay the high maintenace per year or do the above...I personally dont see any other choice, and if you do that....that money would pay for that emergency. Oh and btw......emergency savings accounts works wonders for ermmmmm emergencies. Credit is NOT essential for me.....but I am still financially a responsible person and pull my weight on essential month to month costs. and to finish...if I loan friends or family money, I do it with the expectation I will never get it back, if I do get it back I consider it a perk and immediatly drop it intoabove mentioned emergency savings account. I think carefully if do...but I will do without little monthly perks if someone I love needs a small helping hand.... a mizer mind comes in handy at times. And honestly if he has phuked up credit, he need to fix that and pay you back what you let him use on yours before even considering adding more debt that would go bad. Thats the responsible thing to do....but hey thats just my 2 cents for what its worth.

KatyLied -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 9:53:29 AM)
I do not know how housing works. Can you get a place without putting him on the application? Can't he cohabitate in the apartment without having his credit checked? Just asking because I'm really clueless about this stuff.

SavageFaerie -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 10:15:02 AM)
quote: ORIGINAL: KatyLied I do not know how housing works. Can you get a place without putting him on the application? Can't he cohabitate in the apartment without having his credit checked? Just asking because I'm really clueless about this stuff. Depends katy but generally if your not a dependent any one that shares an apt needs to be included in the lease and goes through a credit check. If you rent from an individual sometimes you can work something out but rental managements generally will not work with you. Plus a good work history might temper the less than perfect past credit and poor current credit rating. Add in any past rental or acutally housing history that you were responsible for. Amount of income, reasonable cost of the apt generally should not exceed 1/3 of monthly income. Or so said my last house rental managers when I applied and had my last lease. Of course that was years ago before my disability which has prevented me from living alone and not so much because of limited income but the pure inability to take proper care of myself. While I am dependent of others, I do not create the dependence of funds and insurance to over any cost of my living in someone elses home. I do also earn my keep by making life easier for whoever is 'hosting' me, by domestic and cooking duties.

KatyLied -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 11:12:53 AM)
quote: I do also earn my keep by making life easier for whoever is 'hosting' me, by domestic and cooking duties. Well I can be quite the hardass when it comes to money. If I were to "loan" someone money, I would consider something in trade for it, such as lawn service, or painting, or detailing my car, something like that. That way I don't have to worry about someone not paying me back, and I get my return immediately. It makes more sense to do it that way. But I don't hand my money over to anyone, so it's a non-issue for me anyway.

LaTigresse -> RE: Anycredit cards who'll give credit to people with poor credithistory & w/o ton of fee's to sign (3/2/2009 11:17:15 AM)
Hey, in my family I've become the cold bitch that actually refuses to lend anything anymore. Not money or items. Money never comes back, and items often don't, or they come back in a condition less than when they were loaned.

Page: << < prev 1 [2] 3 next > >>

Collarchat.com © 2025

Terms of Service

6.054688E-02