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Amanda

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  1. Hey all, I keep receiving pre-selected offers for credit cards by mail. Why do I get denied? How does this work? If Im "pre-selected" shouldnt I already have enough credit score? Should I reply to those offers? Are those a scam? I feel its a waste of my time and they are making me hurt my credit score every time they run my credit report....Thoughts? Advise? Thanks bunches!!
  2. What do you mean by "more service to the new loan"? Please explain, I thought a lower interest it was all I needed to be looking for...
  3. C'mon guys! It was a serious question!! I bought my car on July 2009, should I refinance already or should I wait a year?? Doing it so soon would affect how the new bank evaluate the loan application?
  4. I hope I will have some money left over even if I go below the market. When that happens, should I pay everything off or should I keep some for credit/score purposes? Put it in savings or maybe some other ideas to make more money out of it? How do I get the actual market value? By using the comparables? Also, the account that I had no idea why it was opened, I just found the credit card. It was misplaced with the old mail Im working on. It is a 1200 limit credit card for cosmetic surgery. Im not having the surgery, and I cant use it for any other purpose. Should I close that account or keep it?
  5. Thanks! Yupiiiiiii! Something really good happened just an hour ago...while opening some old mail, I found a 3k check that my bank sent to me back in January (escrow). I cant believe it! Just in case I already made the deposit... Now that I have that money, should I change the strategy?
  6. Thanks! Just to talk about it helps me with the "reality check"... 1. I do not have the 1500 to payoff the loan. 2. The revolving account is not a credit card. I applied for credit online and never did anything else. I did not received a credit card and I did not signed anything or accepted the credit/loan. I have no idea why this account showed up in my CR. But, since it gaves me a few points I let it be. Now, I really dont know if I should keep that in my CR for the benefit of the points or just inquire with them as of why they opened an account on my name and have it removed. 3. Agree 4. Agree 5. Student Loan not a problem as of now. Would a debt consolidation loan be an option for the personal loans (1,500, 7K, and 7K timeshare) situation or should I keep trying to pay them off? I have been able to pay them but I dont think I can put extra money to accelerate the process. Or, maybe a CC to transfer the balance? I need to lower my payments because I have a house outside of US that Im trying to sell. The renter will be leaving the house this month and I might need to pay the mortgage (740) for a while. On this house situation, I have no option, the house its in my parents name and they are forcing me to sell the house. I made all the investment so all the profit (if any) is for me but with the market as it is the house might be empty for a while. Any ideas are welcome!!!
  7. They are installments loans. But I should add an Student Loan too (forgot that one). Let me give you the whole picture. Installment Car Loan (aprox actual value 20k -22k). I bought it Certified Pre-Owned in July 09. I owe little less than 22K. Toyota Financial at 11.7%. for 72 months. 432 monthly. Payments so far - 7. Personal Loan. I owe 1,500. American General at 30% for 12 months (not sure) . 123 monthly. Payments so far - 4. Personal Loan. I owe 7K. Paramount Capital Group at 17.99% for 60 months. 178 monthly. Payments - 1. Timeshare. Its their own financing. This one doesnt show up on CR unless they do a "foreclosure". I owe 7k at 17.99% for 10 years. 138 monthly. Payments so far - 28. Student Loan. I owe 3,200. US Dpt of Educationat 3.3%. Dont know the terms but my guess is 10 years, have been paying forever. 100 monthly. Revolving Back in November while I was shopping around, I was approved by a company but I did not take the loan. Still they opened a revolving account with 0 Credit Limit and 0 Balance. I havent done anyhting about that one because that same day my score went up 12 points b/c of that. What should I do? Per Equifax my FICO Score as of March 3 = 672. Thanks!
  8. Thanks! Yes. Im up to date in my payments for now. I will try to consolidate the 2 loans first. Should I try to do it with a Credit Card or with a Debt Consolidation Loan? I also have a big headache (biggest financial mistake of my life); a 7K timeshare loan... I have been doing a lot of research for the timeshare loan and the only option is to pay for my mistake and hope that I can enjoy the money invested in future use of "my property". Would that loan be considered for the debt consolidation loand by the bank?
  9. Hi! I have a car loan of 22K at 11%, payment of 432.00. Also have two additional personal loans. First loan with a balance of 1,500, payment 123.00. Second loan 7K at 17.99% (new loan) payment 178.00. Should I refinance my car? Or, should I make a loan to consolidate the 2 personal loans? Or, should I transfer the 2 loans to a CC? Or, should I do both, if so, what should I do first? Car refinance or loans?
  10. Hi! I have a car loan of 22K at 11%, payment of 432.00. Also have two additional personal loans. First loan with a balance of 1,500, payment 123.00. Second loan 7K at 17.99% (new loan) payment 178.00. Should I refinance my car? Or, should I make a loan to consolidate the 2 personal loans? Or, should I transfer the 2 loans to a CC? Or, should I do both, if so, what should I do first? Car refinance or loans? Thanks!!
  11. I was verifying my score through Equifax and I found an "Equifact" that says that any negative information with more than 6 years (not 7) should not be part of the credit record. I have late payments to my students loans; first on 02/2003 and last 07/03. I called Customer Service and :confused:he told me that the 7 seven years starts once the account is closed. Is that true? So if I have 3 late payments on my mortgate on 2009 that would remain on my credit for 30 years? I have two student loans with the same late payments. One account is paid off, still paying the other. No late payments since 2003. Please advise. Thanks!!
  12. Perkins loan 1995, validated. I have the money but I want to know what is best for me, to pay in full or rehab? NOT in my credit report as of today. Would any of the choices prevent them to put it in my credir report? Would be the same? Would be any of the options cheaper than the other?
  13. I found out about a collection account when I pulled my credit report like 2 months ago. By that time it appeared as OPEN account. I have been working on a dispute since then but in my recent credit report it appears Charge OFF. What happened? Can they change it in the middle of a dispute? It is now worst for my score? Any ideas?
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