Archive for August, 2009

How will credit counseling services affect my credit rating?

I am thinking about allowing a credit counseling service (Take Charge America) to consolidate all my unsecured credit. Will this help or hurt my credit rating once I complete the program in about 3.5 years?

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Friday, August 21st, 2009 Debt 2 Comments

What matters more your credit score or the contents of your credit report?

If I have a good credit score but still have unpaid collection accounts on my credit report will lenders expect me to pay those before they would give me a mortgage? Or if my credit score is high does that mean they won’t really care about much else?

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Thursday, August 20th, 2009 Credit Card & Loan Consolidation 4 Comments

How many bank accounts and credit cards should I have?

I am currently a college student with 2 checking accounts (Wamu- 3 years & BOA- 1 year) and 1 credit card (Citi- 1 year). I have always met the requirements for my checking accounts and paid all my credit card bills on time. As for loans, I do have about ,000 of student loans in debt. I was wondering if it is okay for me to get another credit card. Also, many say that having a lot of credit cards are bad for you. What is the reccomendation of how many bank accounts and credit cards should I have so that my credits would not go down? Thanks in advance!

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Thursday, August 20th, 2009 Debt 9 Comments

What happens to your credit report after filling bankruptcy?

Does all the bad credit listed on your report just get wiped out? Is there a bankruptcy listed on it?
I heard you can get credit very easily after filing bankruptcy as you cannot file bankruptcy for 7 years. Is that true? I heard its easy to rebuild your credit after.

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Wednesday, August 19th, 2009 Credit Card & Loan Consolidation 2 Comments

How do college credits work? Do you get a credit everyhour or is it like, 30 for one class for one semester?

I am looking at colleges and one of the cost calculators told me to ask how many credit hours per semester. I tried just putting in 17 and then i thought you get 17 credit hours per day. There is almost an 18000 dollar difference and i just need help understanding this college credit thing. Anyone who gives me a really good answer with a reliable, checkable source will get 10 pts.

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Wednesday, August 19th, 2009 Debt 4 Comments