LianaCCB

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About LianaCCB

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  • Birthday November 11

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    Tampa, FL
  1. Hi Lola, Definitely start by looking at a copy of your report. You can get a free trial of Credit Check Total or ScoreSense which will give you all three bureaus. There may be an old late payment or something hanging on there which is why it was denied. It's also recommended to remove the security freeze before applying. It can give the impression that you've been a victim of Fraud and credit lenders don't like the F word. Start with a lender like Capital One to help build up your personal credit profile. The new Discover IT card is good for that, too. Open a couple of cards, make a purchase or two and pay the balance off in full. Do this for a couple of months and they will boost up your limits which will also boost up your report. Use all of your cards once in awhile. If the lenders don't see you using them, they won't see a need to give them to you. Hope this helps!
  2. You can try retailmenot.com and see if any of the other services have coupon code options. I know with Credit Check Total and ScoreSense, when you try to cancel they will offer you a lower monthly rate. I had CCT down to $7 per month for three full credit reports per month.
  3. There's a couple things you can do here - 1. Dispute the inquiries. Contact the credit bureaus directly and have them remove the inquiries because they were all from the car dealership and did not result in a loan. 2. For the collections, contact the original lenders directly and work out a repayment plan. I did this personally with a student loan that was deferred. I set up a repayment schedule, and after a couple months of good payment history, they removed the derogatory from my credit report. They want their money, and if you're willing to play ball, they will usually help you. 3. Pay off the judegement if possible - verify the correct amount, and pay it as quickly as you can. A judgement looks worse than a late payment/charge-off. 4. Try to add some open accounts, in good standing. If you have a family member who can add you as an AU to some accounts, the good credit will help to balance out some of the bad and boost your scores. Hope this helps - and good luck!
  4. This site has some info on student loans in bankrupcy depending on if you filed Ch 7 or Ch 13: http://www.nolo.com/legal-encyclopedia/student-loan-debt-bankruptcy.html I believe it would depend on the state as to what they have you include when filing for the BK - if you don't want the loans to show as included since they were not, you should be able to contact the credit bureaus directly and have them update/remove the IIB status. If the student loan company isn't reporting it as such, the bureaus should update it fairly easily considering you can prove that the loans were NOT included in the BK.
  5. If you know what state/county the civil suit was filed in, that might be the best place to start. If you know the location, you can contact the local District Court and get more information on who filed it and why.
  6. It's never a good idea. Any client I've had who has utilized a service like that has not had much success. Either the tradelines only last on your report for a brief period of time, or don't report properly. Lenders like to see that you're either a Joint User or Borrower on an ccount. If you have anyone who has added you as an authorized user to an account (family member, partner, spouse, etc.) you can ask them to make it a Joint account, which means you share responsibility and liability for the account. That will be factored into your FICO score. Or you can look into obtaining personal or secured accounts to help round out your personal credit profile.
  7. Instead of disputing it directly with Verizon, you can dispute it directly with the credit bureaus. State in your dispute that you want them to obtain verification from Verizon that the debt is legitimate. Since Verizon cannot provide that, the bureaus should remove the collection from your credit report.
  8. Government shutdown didn't end without repercussions Article courtesy of "Credit Card Builders" Premium Newsletter. The government shutdown has ended – at least for the moment. But the first shutdown since 1995 did take a toll on the country. Of course, the shutdown occurred because House Republicans were insistent that new spending bills include language that damaged or eliminated Obamacare; while Democrats were just as insistent it remained intact. Most people only think about the billions of dollars that were lost, such as the estimated $24 billion in lost economic output; and $450,000 per day in revenues lost at National Parks. But there were other things that went basically unseen. For example, the job reports didn’t come out on time due to delays caused as a direct result of the shutdown. Additionally, the folks who usually inspect eggs and fresh berries (and just about anything else you could put on a plate outside of red meat) were on furlough. Additionally, the FDA skipped untold numbers of inspections at dairies, processing plants and other food companies; what’s more, the FDA couldn’t do many follow-up inspections to ensure problems they’d already found were fixed. Why? Nearly 1,000 of their 1,602 inspectors were furloughed! Worse yet, the federal Center for Disease Control and Prevention (located in Georgia) sent 9,000 of their 13,000 workers home, which meant they couldn’t give their best effort to curbing the salmonella outbreak in chicken that reached 18 states. That’s bad enough – but that’s just one area that suffered. The Equal Employment Opportunity Commission wasn’t running, so discrimination cases weren’t making it into court. The Occupational Safety and Health Administration wasn’t doing business, so untrained employees could operate dangerous equipment. Children and adults wishing to use government sites such as NASA or the Census Bureau discovered these sites were not available due to the shutdown. Doctors could not apply for federal funded research grants to find cures for diseases, which may set their research back by as much as a year. Even the FCC was closed, so our country’s citizens couldn’t call to complain about a radio, television or Internet broadcast that offended them. But just because the shutdown has ended, don’t forget that this is just a temporary fix. The 16-day shutdown ended with a deal that raises the debt ceiling and allows current spending levels to remain the same through January 15, 2014. However, with Republicans saying they’ll “do anything” to derail the health care laws put in place by President Obama, there may be another one just around the corner.
  9. AmEx is usually a tough lender to get - Bank of America or Discover are usually pretty lenient, as long as the BK didn't involve accounts with them. The best thing is to take good care of the accounts you have. Make more than the minimum payment (even if it's just $5 or $10 more) or pay off the balance in full whenever you can. The lenders will jump to up your limits because they see you're utilizing the cards responsibly and aren't relying on the credit.
  10. When I moved into my apartment and when I entered my current employment, they ran a background check but not a credit report. Ironically I work for a financial consulting office, and I had bad credit (thanks to student loans and being dumb with money when I was 18!) Thanks to working here I've gained an entire education on credit and have been able to utilize it to repair and rebuild mine. I think that credit report can be a judge of character, but it shouldn't define someone entirely for whether or not they are capable of performing a job.
  11. Interesting article about the dropping jumbo mortgage rates. Article credit: Credit Card Builders - www.creditcardbuilders.com Anyone who routinely pays relatively close attention to mortgage rates is aware that they’re on the rise these days. But what you might not know is what is going on with some specific rates. Jumbo rates (rates for a loan of more than $417,000) have come down significantly – to the point where they are nearly the same as a conventional rate (those $417,000 and under). In fact, according to the Mortgage Bankers Association, a 30-year conventional mortgage rate in mid-August was 4.56%; meanwhile, the average Jumbo loan was an almost-identical 4.57%. So what event led to these numbers becoming so similar? Basically, it is a perfect storm of several things. First, because underwriting became more stringent, the loans given out became higher quality loans – thereby increasing demand for them. Second, non-agency jumbo lenders began to throw their hat into the ring. Third, Fannie Mae and Freddie Mac (which are involved in about two-thirds of all conventional loans) have nearly doubled the “guarantee fees” they charge to protect themselves against potential default, since they’re on the hook if a borrower defaults. Finally, many jumbo mortgages are being done by banks who are holding onto them and keeping them in their own portfolios. Why? Because the interest paid on consumer deposits in banks is still low enough that a lender can still make a tidy profit. Fannie Mae and Freddie Mac’s decision to raise these fees is making it possible for private individuals and companies to become lenders. Ironically, this has been done intentionally. Not only do the fees protect Fannie and Freddie, the result is that they purposely reduce the industry’s dependence on them – and by doing so, it helps encourage private investment at the same time; a win-win. Meanwhile, the more high-risk loans will still be absorbed by Fannie and Freddie.