Comments on: All about your credit score http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/ Thu, 19 Nov 2009 20:42:23 +0000 http://wordpress.com/ hourly 1 By: Jami http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-17059 Jami Mon, 20 Apr 2009 13:22:10 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-17059 I've always found it odd that the credit companies that hold so much power over your life have so little (if any) public regulation about their business practices. Speaking of practices, don't the CC companies always have small print that gives them the right to change the original agreement any way they want (a right the consumer does not have)? And while I'm venting, whatever happened to obscenely high interest rates being called usury? Love your segments. I've always found it odd that the credit companies that hold so much power over your life have so little (if any) public regulation about their business practices. Speaking of practices, don't the CC companies always have small print that gives them the right to change the original agreement any way they want (a right the consumer does not have)? And while I'm venting, whatever happened to obscenely high interest rates being called usury? Love your segments.

]]> By: Panda http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-17043 Panda Sat, 18 Apr 2009 23:57:36 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-17043 Hi Sir/Madam: I am shopping for a mortgage loan. I want to shop for the best loan. I want to have the bank and the credit union which I have checking/saving accounts with to run my credit for a pre-approved loan. I also want to have a broker (my friend) to run my credit . However, I was told running too many credit will hurt my score which will hurt my chance of gettting a best loan. Is this true? Thank you very much for your help. Hi Sir/Madam:

I am shopping for a mortgage loan. I want to shop for the best loan. I want to have the bank and the credit union which I have checking/saving accounts with to run my credit for a pre-approved loan. I also want to have a broker (my friend) to run my credit . However, I was told running too many credit will hurt my score which will hurt my chance of gettting a best loan. Is this true?

Thank you very much for your help.

]]> By: AV Ellington http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-16783 AV Ellington Wed, 08 Apr 2009 18:34:42 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-16783 Hi Jennifer, Just the other night it was explained to me that I need a revolving charge acct. to up my credit score. I was also told that it doesn't matter if I pay the total due at end of every month, but it's the percentage that's important. Paying a certain amount can make me lose one or two points if the percentage is wrong. I know this is skimpy but do you have any info on this? When he said percentage he didn't mean interest rate but like the percentage of the available credit. Thanks so much! Hi Jennifer,
Just the other night it was explained to me that I need a revolving charge acct. to up my credit score. I was also told that it doesn't matter if I pay the total due at end of every month, but it's the percentage that's important. Paying a certain amount can make me lose one or two points if the percentage is wrong. I know this is skimpy but do you have any info on this? When he said percentage he didn't mean interest rate but like the percentage of the available credit.

Thanks so much!

]]> By: Robert Lowe http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-16500 Robert Lowe Mon, 30 Mar 2009 18:08:24 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-16500 Hi - Why is it so hard to get just the plain simple truth about getting one's free credit report? What is a contact point for this? Thank you, Hi – Why is it so hard to get just the plain simple truth about getting one's free credit report?

What is a contact point for this?

Thank you,

]]> By: Charlotte http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-16060 Charlotte Thu, 19 Mar 2009 21:04:21 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-16060 Jennifer we just filed for our Bankruptcy and will have creditors meeting first of April. I need to know can I check my credit score and see if it has raised since I filed. We are trying to get our first home a new home and I lwant to know will the bankruptcy affect it. We also have a lender that deals with bad credit and bankruptcies. /And I also wanted to ask you about no ratio and no doc loans are they good Charlotte Jennifer we just filed for our Bankruptcy and will have creditors meeting first of April. I need to know can I check my credit score and see if it has raised since I filed. We are trying to get our first home a new home and I lwant to know will the bankruptcy affect it. We also have a lender that deals with bad credit and bankruptcies. /And I also wanted to ask you about no ratio and no doc loans are they good

Charlotte

]]> By: Chris http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-15828 Chris Tue, 10 Mar 2009 12:06:40 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-15828 Jennifer we took your advice and got a copy of our credit report. We recently leased a vehicle and found out our credit score was 813. We noticed on our credit report that our mortgage company is checking our credit every quarter. Is this excessive? I thought every time there was a check on our credit our fico score was negatively affected. You have said not to open a department store credit card, we have not, beacsue it hits against your credit. Help us out here Jen, is our mortgage company doing us a disservice? Chris Jennifer we took your advice and got a copy of our credit report. We recently leased a vehicle and found out our credit score was 813.

We noticed on our credit report that our mortgage company is checking our credit every quarter. Is this excessive? I thought every time there was a check on our credit our fico score was negatively affected. You have said not to open a department store credit card, we have not, beacsue it hits against your credit.

Help us out here Jen, is our mortgage company doing us a disservice?

Chris

]]> By: Robert Buttery http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-15515 Robert Buttery Sun, 01 Mar 2009 22:49:04 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-15515 What is the fastest way to build my credit? I have a 601 now , im 23 an i dont have anything on my credit, what does that mean good or bad? What is the fastest way to build my credit? I have a 601 now , im 23 an i dont have anything on my credit, what does that mean good or bad?

]]> By: Elias F.Kamar http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-15470 Elias F.Kamar Fri, 27 Feb 2009 15:46:55 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-15470 1:is there a commitee to watch employment discrimination against age .i thing this commitee should involve more with big companies that hire 2:in 2005 took a risk and opened my own business lost about 300 thousand filed bankrupcy and got cleared since then could not find a job because of my credit.i know my credit is bad but i am not a thief a lot of companies discriminate against your credit 1:is there a commitee to watch employment discrimination against age .i thing this commitee should involve more with big companies that hire
2:in 2005 took a risk and opened my own business lost about 300 thousand filed bankrupcy and got cleared
since then could not find a job because of my credit.i know my credit is bad but i am not a thief a lot of companies discriminate against your credit

]]> By: Scott Chierepko http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-15427 Scott Chierepko Wed, 25 Feb 2009 18:06:39 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-15427 Subject: Cleaning a credit report I went to one of my banks recently to apply for a home equity line of credit at 3.2%. When my credit was run I scored a shockingly low 695! Background: I have only one credit card (20K limit) that I pay OFF every few months. I even let it ride up to 4-6K just to show I can pay it off when I want. I own two "newer" cars: paid off, an $80K fishing boat: paid off, my only real debt is my home (620K, and paid 777K two years ago)! Finally, I make $115K (Officer in the Navy). Additional background: I am married, my wife and her previous husband filed for bankruptcy in the mid 90's. There is a "bankruptcy" noted on our credit report. There are also two liens on my previous homes from 2001? (How could I have purchased the one I'm in 2 years ago with that on the report?) I truly expected a score of over 800. Understanding the above, how do fix the above? Is there a "get well time" for blemishes over 13 years old? FYI, it was EQUIFAX. Thanks! Subject: Cleaning a credit report

I went to one of my banks recently to apply for a home equity line of credit at 3.2%. When my credit was run I scored a shockingly low 695! Background: I have only one credit card (20K limit) that I pay OFF every few months. I even let it ride up to 4-6K just to show I can pay it off when I want. I own two "newer" cars: paid off, an $80K fishing boat: paid off, my only real debt is my home (620K, and paid 777K two years ago)! Finally, I make $115K (Officer in the Navy).

Additional background: I am married, my wife and her previous husband filed for bankruptcy in the mid 90's. There is a "bankruptcy" noted on our credit report. There are also two liens on my previous homes from 2001? (How could I have purchased the one I'm in 2 years ago with that on the report?)

I truly expected a score of over 800. Understanding the above, how do fix the above? Is there a "get well time" for blemishes over 13 years old? FYI, it was EQUIFAX.

Thanks!

]]> By: Sharonda http://mxp.blogs.cnn.com/2009/01/08/all-about-your-credit-score/#comment-15355 Sharonda Mon, 23 Feb 2009 12:39:01 +0000 http://mxp.blogs.cnn.com/?p=1007#comment-15355 I am a student in college. I'm currently on the section 8 program. The assistance pays for my rent and a portion of my light bill. (Sounds good, No.) My pell grant increased last semester and so did my child support check. It is because of this that my rent has increased, the portion on my light bill has ended, DHR has decreased my food stamps, and because I'm in college, I have to pay daycare for my son. I still have to cover all the other utilities in house and out. How can you save money on a program that cuts you as soon as your income slightly increases? I thought the pell grants were considered under title four. I am a student in college. I'm currently on the section 8 program. The assistance pays for my rent and a portion of my light bill. (Sounds good, No.) My pell grant increased last semester and so did my child support check. It is because of this that my rent has increased, the portion on my light bill has ended, DHR has decreased my food stamps, and because I'm in college, I have to pay daycare for my son. I still have to cover all the other utilities in house and out. How can you save money on a program that cuts you as soon as your income slightly increases? I thought the pell grants were considered under title four.

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