All Questions
Tagged with loans credit-score
58
questions
0
votes
1
answer
103
views
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
144
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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
5k
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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
votes
0
answers
54
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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
answer
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
vote
2
answers
356
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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
291
views
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
views
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
answers
29k
views
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
answers
12k
views
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
votes
1
answer
115
views
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
views
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
174
views
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