Question by Awesome Possum: How do Credit Fixing Agencies work? Fast Credit Repair Answer by Sharon T Your money would be better spent negotiating settlements with your creditors yourself. Give your answer to this question below!
and would you recommend one.
Best answer:
They make their profits by charging desperate people upfront fees and then doing very little to help them.
What Is A Credit Score Scale? A good credit score is always the desire of any loan or credit applicant. This credit score scale is the determining factor in the approval of the loan as well as the interest that will be charged to it. There are several methods of credit score rating and companies are not limited to what type they would use in arriving at what is a good credit score range for their clients. In computing for the credit score of a customer, there are other factors that are taken into account. These involve his payment history, the amounts due from the loan, duration of the credit history, kinds of credit, and new credit if any. If you plan to negotiate for a loan, the first thing that you must do is an understanding of what is a credit score and find out where you stand. If you determined that the credit score calculator is not favoring you, begin all applicable options to fix credit score prior to filing your loan application. You must find ways how to increase credit score since this is the only way you can secure a loan and at lower interest rates. There are several approaches to increase your credit score scale . One approach is by paying up to date all your obligations, verify errors incurred by lenders and have them reconciled, negotiate some loans, and make updated payments of utilities. Conduct some studies about credit score meaning as you will understand how lenders evaluate their clients’ credit worthiness using the FICO (Fair Isaac and Company) method of evaluating credit reliability of their customers. As you go on the learning stages about credit score, you will find out under the FICO approach what the highest credit score scale of 849 signifies. In the U.S., there are three credit bureaus that are adopting FICO which is a standardized approach and a universally accepted way of analyzing credit worthiness. These are TransUnion, Equifax and Experian. While the three have been adopting FICO in their credit rating approaches, they have launched collaboratively an alternative method to FICO, branded as VantageScore which is cheaper and its credit score rating is higher than FICO. The two have variances in their approaches but FICO still remained as widely used in the market. Rufus is the author of goodman furnace website, learn more info about it please go to goodman heat pump. Article from articlesbase.com More How To Fix Credit Articles
Question by MNNNN: Fix credit score, I want to buy a house…help please? Before we got stable as how we are now, we were in pretty bad shape. We are looking to buy an apartment building that cost 500k, we already have 50k saved up… but we have HORRIBLE credit scores from stuff we did about 5 years ago… credit cards never payed, had my car reposes, phone, cell phone tv and light bill in collection…. in total, its about 11k in collection We kinda let the bills go to hell since we justed figured we were making enough to pay everything off and would not need our credit, ever. Well, we wanna buy this apartment building, with 6 apartment inside from a friend of mine, it gives a revenue of almost 60k a year… needs some work here and there, but I really want it, and he gave me that great price (Valued at 550k) Here is my question: can we pay small amounts of monthly installments and have our credit score improve little by little over a period of time (we want to buy the apartment in about 6 months), or do I have to pay it ALL off? what can I do? whats the best way to go about buying that apartment building/raising credit score? thanks a bunch Fast Credit Repair Answer by real estate guy 2nd, you will need at least 20% down, which you do not have. This is an investment property and you will need an investment loan. It may in fact be as much as 30% down. Now, lets look at numbers. 550,000 cost, 440,000 loan It will cost you around 3800 a month in mortgage payments or 45,600 a year. This means that your total mortgage payment equals 75% of your total income. Assuming that the apartments are rented 100% of the time. Do you pay any of the heating, electric, etc? If so, there is a huge expense (especially for heating). As a rule of thumb, for every 10 years old the property is, figure 3% of the total income for repairs and upkeep (this on top of a regular 5%). So if the building is 50 years old, figure an expense of 25% of the total income = $ 1,000 a month or 12,000 a year. I recommend that you DO NOT DO THIS. Apartment buildings are HARD to resell. If you really want to get into investment real estate, purchase separate units that can be sold off as needed. What do you think? Answer below!
Fix credit score, I want to buy a house…help please?
Ok, so I got my income tax, 8k
I have a 90k (sales) a year job and my wife has a 55k (Paralegal) a year job… and since we want to joint purchase the property, we have a 145k a year salary combined
Best answer:
first you MUST pay off the judgments or NO one will loan you the money.
On this edition of the Keiser Report, Max and co-host Stacy Herbert look at the latest scandals of downgrading America, investors seeking security in gold, bank profit abominations and federal ponzis. In the second half of the show, Max talks to Stefan Molyneux of Freedomain Radio about the Canadian economy and housing bubble, the oil spill in the Gulf of Mexico and how to fix the world.
Fast Credit Repair
Video Rating: 4 / 5
What Is The Highest Credit Score Range What is the highest credit score range? This is the most regular query of creditors who are more inclined to approve the credit applications of the most credit reliable companies. This is the most ideal credit score scale which is from 760 to 849 according to FICO method of credit score rating. This grade is read as excellent and is above the good credit rating range of 620 to 659. While a credit score calculator could arrive at with the same evaluation, it is not as extensive like the credit score of credit bureaus like Experian, TransUnion and Equifax in the United States. These bureaus have also lately introduced their own VantageScore using a different version of a number range and letters. However, both methods are in agreement that a lower grade represents a risky customer while a higher score means a low risk client. The question, what is a credit score is now more expressed in comparing the two methods with emphasis on the importance of knowing credit score meaning if you are rated extremely poor on the credit score scale of any of the three credit bureaus mentioned. Though the FICO approach is universally accepted, the individual companies still have the freedom to choose which of the approaches they will use in determining the credit worthiness of their clients. There are firms in other countries that utilize other approaches in estimating what a good credit score is for their customers. What is vital is that client can have a preview of his credit score using the credit score calculator to know how his present data is rated by the credit community. This is easily supplemented by requesting a copy of his credit report from the authorized credit bureaus in his community. This data on hand could help him to fix credit score if he is not enjoying a good rating scale and he would seek ways how to increase credit score. If he can not mend his credit rating, his chances of getting a credit or a loan is hampered and that would distract his entire operations. Moreover, a below average rating on the credit score board would spell high cost of money for the firm. Rufus is the author of goodman furnace website, learn more info about it please go to goodman heat pump. Article from articlesbase.com
Social Enterprise UK named Oxfordshire county as Britain’s first-ever 'Social Enterprise Place’. According to Social Enterprise UK, the county was crowned the title because it is “committed to supporting businesses that hold a social or environmental mission and reinvest their profits for good.”
