All Questions
Tagged with loans credit-score
58
questions
0
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1
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107
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How much does having an installment loan in your credit history matter vs simply having a good credit score?
Let's say you want to buy a starter home (at a reasonable budget for your income level) and have an excellent credit score of ~800, but you have zero history of taking an installment loan (student, ...
- 178
0
votes
1
answer
175
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Salary doubled on credit app - what could happen?
I recently applied for credit for a loan for a solar system. I submitted the form on the solar companies website. They sent it to some loan company who sent me their credit application doc to sign ...
- 143
2
votes
2
answers
6k
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I paid off a car loan early, but it was reported on my credit score as "closed" bringing it down. Shouldn't paying off that debt increase my score?
I paid on it for at least 3 to 4 years.
It was reported as a "closed account" instead of paid off in good standing.
I called the creditor and customer service ultimately send me a letter ...
- 21
0
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0
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55
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Do collateralized loans impact your credit score?
Do collateralized loans impact your credit score?
Such as a securities loan collateralized by your stocks, a refinance on your home, a personal loan collateralized by a car, and so on.
- 25
10
votes
1
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2k
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What tools are there to investigate why my FICO score would have dropped significantly?
Please assume the basics have been considered, such as:
Credit utilization could have went up
Hard inquiries
Closed an account
Opened a new credit card
Paying off a loan
None of the above occurred ...
- 847
1
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2
answers
361
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18 years old with a 10k down payment towards a Challenger
I’m 18 working a under the table job, making $2,400 a month, and have been saving up for a brand new or fairly used challenger, I want to put down 10k and finance the rest but have had a few issues as ...
- 11
2
votes
2
answers
292
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Are prepaid credit cards a form of secured loan?
I was reading about different factors that determines credit score. One of them is having a "good credit mix" (IE having a healthy mix of secured (such as home loan, auto loan) and unsecured loans (...
- 121
1
vote
2
answers
274
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Which debt(s) to minimize first to improve credit most quickly?
Current score is ~650. Looking to improve my credit as effectively as possible, as I'm looking into houses after getting married next summer. I'm coming off of a tougher employment patch so very much ...
- 113
50
votes
12
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29k
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My mother co-signed for my car. Can she take it away from me if I am the one making car payments?
My credit is in the low 500s and I was unable to get a car loan. My mom cosigned for me and I've now had a beautiful car for three months. I've been making on-time payments, the registration is in my ...
- 479
19
votes
3
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12k
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Are cosigner finder websites like hireacosigner.com, cosignerfinder.com etc. legit?
I am a foreigner to USA and would like to pursue masters in CS in USA. But based on the current state of USD, I won't be able to pay the costs of tuition on my own.
So, I will be taking a loan from ...
- 293
0
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1
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116
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Does installment loan amount affect credit score?
I am looking to finance a new car purchase. The total cost of the car comes out to $18k, and I am able to put up to $10k down. Assuming that my goal is to maximize my credit score in the long run, ...
- 103
1
vote
2
answers
213
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Questions about my credit score and how my debt/payments affect it
I've been out of college for a couple years and i'm quickly paying off my student loans. I have some loans and other bills I pay every month. I'll provide as many details as I can in order to get as ...
- 125
0
votes
2
answers
53
views
When I shop for a direct lender, will the credit checks that they may do be bad for my credit rating? [duplicate]
Is it bad for my credit rating each time a possible lender does a credit check on me?
I need to shop for a direct lender in order to get the best rate for a first mortgage on a property I want to buy,...
- 676
3
votes
1
answer
185
views
If I pay my car loan off will my credit drop?
I've been thinking lately about paying my car off. I owe less than 6k. The payment each month does not really hurt me and I was going to just keep it for on time payments to help my credit and my ...
- 31
0
votes
3
answers
175
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Auto loan finance for building credit
I recently moved to the USA and I have no credit history. I want to buy a car that costs $18,300. My down payment will be $12,000 and I will finance the balance at 15.4% (extremely high!) over 36 ...
- 101
1
vote
2
answers
254
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How do I find out what is the minimum credit rating for a grad school loan (or undergrad) without a cosigner?
I'm in the US, and I'm trying to make a decision about my educational strategy. I have a basic idea of what I can do for unsecured undergrad bank loan, and what credit rating I would need. How can I ...
- 111
5
votes
1
answer
2k
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Can I remove a cosigner from a car loan? Will it affect my credit?
I will be moving from NY to California for a job that starts 3 months from now. I flew to California to finance a car from a dealership, but since I had not found an apartment yet, I had no california ...
- 51
2
votes
1
answer
206
views
How long should someone wait to apply for a secured credit card after having been deliquent on a loan payment?
Someone failed to make payments on a college loan for an extensive period (8-10 months). Their credit score has, as a result, dropped to 550-575. They have since paid off their overdue balance and ...
- 173
2
votes
1
answer
253
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How do I improve my ability to get loans to use as leverage for my business? [duplicate]
Relating to Europe, but an US-focused answer is also welcome.
Plan:
I have a small stain on my credit history due to a tax issue. I am otherwise financially sound.
I am not big enough for a bank to ...
- 31
1
vote
1
answer
71
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Whether credit report includes length of employment or pay check details?
Whether credit report includes length of employment (or) pay check details to the Financial Institute which is running credit check on an Individual?
In order to provide Loan, Does the period of ...
- 1,117
2
votes
3
answers
1k
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Does early repayment affect the credit score?
If I take the personal loan, start making payments regularly and then decide to completely repay it - what will happen to my credit rating?
Would it improve, decrease or not be affected?
user63058
1
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1
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68
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Do personal bank loans affect credit score more than collection notices?
I have a (hopefully) simple question.
In terms of a credit check (for a mortgage or similar) would a current half-paid personal loan for several thousand dollars look better or worse than several ...
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21
votes
9
answers
8k
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Should I pay off my car loan within the year?
I saw another question like this, but I am in a bit of a different situation.
I am 19 years old, in college, and have no credit history.
I saved up enough money to buy a car, but decided to get a ...
- 311
1
vote
1
answer
271
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car purchase loan versus car collateral loan
We're looking to buy a used car and wonder if there's any difference in rates and/or impact on your credit score to buying the car with cash and using it as collateral for a loan or getting a loan to ...
- 245
1
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0
answers
71
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Do I need loans for a good credit score? [duplicate]
I've never required legal loans from banks/businesses (eg: home loan, car loan)
Will this affect my credit score if i've never been in debt but later on in life decide to get a loan?
Edit:
Also, ...
- 273
0
votes
1
answer
1k
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Does closing car loan lower credit score?
The final payment on my car loan is due in December but I made a payment for the total payoff amount this month to close the account. The only account I currently have open is a credit card. Before I ...
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2
votes
1
answer
158
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What should I know before applying for a student loan? Should I pay off all or as much of my CC debit first?
Before taking out a student loan, would it be best to pay off as much of my Credit Card as possible to help get the best APR%?
I have 1 CC with a $5000 limit unused. I have another with $7500 on a $...
- 1,199
1
vote
3
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197
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Mitigate Effects Of Credit With Tangible Money
This question is not how to build credit quickly, although those strategies will be used simultaneously to prevent having to use the answers to this question again.
As a new graduate, I have had a ...
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5
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3
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798
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Is it worth it to take a car loan to improve credit ratings?
I've been considering buying a car recently, but I know that, as I am young, I don't currently have a credit score, as I really haven't needed credit up until now.
So, would it be better to take a ...
- 262
1
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1
answer
90
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Will a Barclaycard Visa help me in building up credit score?
Apple has got finance option for its products through Barclaycard Visa as pointed out here and here. Will the monthly repayment to the card help me building credit score?
If the answer to the ...
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