brandjj70

166 Contributions 200 People Helped Top Contributor

Member Since: June 2011

Most Helpful Contribution

Interest I could expect to pay on a car loan?

Apr 06, 2015
good question
Helpful to 20 out of 20 people

Its ALWAYS a good idea to check with the financial institute (bank, credit union, etc,) to see which credit bureau they pull from. You want to know your score before you apply. A 679 is considered an average score and should get you approved. You will probably pay between 4-6 percent. However, it could be slightly higer. I hope this helps! 

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Interest I could expect to pay on a car loan?

Apr 06, 2015
good question
Helpful to 20 out of 20 people

Its ALWAYS a good idea to check with the financial institute (bank, credit union, etc,) to see which credit bureau they pull from. You want to know your score before you apply. A 679 is considered an average score and should get you approved. You will probably pay between 4-6 percent. However, it could be slightly higer. I hope this helps! 

Upgrading Capital One Platinum to Quicksilver

Mar 08, 2015
correction
Helpful to 8 out of 8 people

Capital one is conservative when it comes to limit increases. I found out the best way to get larger limits with Capital One is to use the card a lot, make multiple on time payments each month, and do not carry a balance. I did that for about 6 months, called the credit card department and my limit went from $500 to $2,000 and six months after that it went to $4,000. That was years ago but when I want a higher limit I use the same method with all my credit cards. I hope this helps!

Which department store card companies are the best reporters?

Feb 07, 2015
Good Queston
Helpful to 4 out of 4 people

I have a Dillard's and Macy's American Express Credit Card. I have their Amercian Express cards because those cards allow me to use them anywhere American Express is accepted! Now that I know better, I would never get a store card I can only use in their store. I hope this helps!

if I pay a credit card off and cancel it will it affect my credit score

Apr 10, 2014
yes it will
Helpful to 4 out of 4 people

A closed credit card will affect your credit to debt ratio/utilization score and length of account. Both are factors which affect your FICO score. I hope this helps!

dispute a collection on my credit report

Apr 01, 2014
Try this!
Helpful to 4 out of 4 people

First thing to do is find out if this account  was reported to all 3 credit bureaus. If so, write a letter explaining your problem and ask the bureaus to delete this bogus collection. Next, make 3 copies of your proof and send one to each credit bureau (certified letter via receipt) with your letter. By law the bureaus have 30 days to respond to your dispute. This should take care of this unfortunate situation. Also, I wouldn't advise you to do the online dipute process because you will be giving up some of your rights. I listed the bureau address below for you. I hope this helps!

Equifax, P.O. Box 740241, Atlanta, Georgia 30374-0241. 
To report fraud: (800) 525-6285 or write to address above. 

To order a credit report: (800) 685-1111. 

To opt out of pre-approved offers of credit: (888) 567-8688. 

Website: http://equifax.com/

Experian, P.O. Box 2104, Allen, Texas 75013. 

To report fraud: (888-397-3742) or write to address above. 

To order a credit report: (888) 397-3742 

To opt out of pre-approved offers of credit: (888) 567-8688. 

Website: http://www.experian.com/

Trans Union, P.O. Box 6790, Fullerton, California 92634. 

To report fraud: (800) 680-7289 or write to address above. 

To order credit report: (800) 916-8800. 

To opt out of pre-approved offers of credit: (888) 567-8688. 

Websitehttp://www.transunion.com/

I paid off 3 of my 4 accounts when will they clear?

Apr 01, 2014
30 days usually
Helpful to 3 out of 3 people

The best way to know is to contact your lenders and ask them for your cycling date. Your cycling date is the date your information is sent to the credit bureaus. Once your information is sent it usually take 30 days for the bureaus to update your information. I hope this helps!

Credit rebuilding help,

Mar 31, 2014
Negotiate! Negotiate! Negotiate!
Helpful to 3 out of 3 people

Before you pay off any of your collectons or bad debt...negotiate! Try to get the creditors to agree to delete your collections for payment. The person you call at the collection companies do not have a lot of power so it would probably be best to ask for a supervisor. Remember to be polite and keep in mind these people are in business to make money. The way it works is they buy uncollected debts from companies for pennies on the dollar. If you pay them and they do not change your status, you will just have 7 years of paid in full bad accounts on your credit reports. You want a complete deletion or pays as agrees status next to your accounts. Try to get the payment reduced first but if they will only agree to delete for full payment. Pay them BUT MAKE SURE YOU GET A PAYMENT FOR DELETION LETTER FIRST! GET IT IN WRITING FIRST! Having credit cards isn't a bad thing! Credit cards don't hurt your credit scores. Usage of the credit card does! In order to get a good credit score you have to have a good credit mix. Revolving credit (credit cards), installment credit (personal loans, car loans, mortgages, student loans). An example of a good credit mix would be:  2 credit cards, 1 mortagage and 1 car loan. Bottom line...negotiate your bad debt before you agree to pay anything. I hope this helps. Also google how credit works to get a better understanding of credit. Also go to link below to better understand how credit works. 

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

NEG CREDIT REMOVED

Mar 30, 2014
7 year stature of limitations
Helpful to 3 out of 3 people

Most states have a 7 year stature of limitaiton law which requires collections to fall off your report. Check your state! Bakruptcies and Judgements however stay on your credit reports for 10 years. If you only have credit cards and medical bills bad debt wait it out and don't pay anyone. I say this because if you waited all this time dealing with the bad debt reporting wait just a little while longer. Once this bad debts falls off your score will go up. I would also recommend that you set up auto debit for your current credit cards. Set it up for the minimum payment and schedule it 7 days before the due date this will help you tremendously. I hope this helps!

Upgrading Capital One Platinum to Quicksilver

Mar 08, 2015
Good Question
Helpful to 2 out of 2 people

Capital one is conservative when it comes to limit increases. I found out the best way to get larger limits with Capital One is to use the card a lot, make on multiple on time payments each month, and don't carry a balance. I did that for about 6 months, called the credit card department and my limit went from $500 to $2,000 and six months after that it went to $4,000. That was years ago but when I want a higher limit I use the same method with all my credit cards. I hope this helps!

what can i do to bring up my credit score.will paying off my collection will help

Jan 22, 2015
Negotiate!
Helpful to 2 out of 2 people

Hey keepitmoving, Before you pay off any of your collectons or bad debt...negotiate! Try to get the creditors to agree to delete your collections for payment. The person you call at the collection companies do not have a lot of power so it would probably be best to ask for a supervisor. Remember to be polite and keep in mind these people are in business to make money. The way it works is they buy uncollected debts from companies for pennies on the dollar. If you pay them and they do not change your status, you will just have 7 years of paid in full bad accounts on your credit reports. You want a complete deletion or pays as agrees status next to your accounts. Try to get the payment reduced first but if they will only agree to delete for full payment. Pay them BUT MAKE SURE YOU GET A PAYMENT FOR DELETION LETTER FIRST! GET IT IN WRITING FIRST! Having credit cards isn't a bad thing! Credit cards don't hurt your credit scores. Usage of the credit card does! In order to get a good credit score you have to have a good credit mix. Revolving credit (credit cards), installment credit (personal loans, car loans, mortgages, student loans). An example of a good credit mix would be:  2 credit cards, 1 mortagage and 1 car loan. Bottom line...negotiate your bad debt before you agree to pay anything. I hope this helps. Also google how credit works to get a better understanding of credit. Also go to link below to better understand how credit works. 

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

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