| Subject | Date Asked |
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| CRedit Repair | 8/19/2009 |
Q: I have a low credit score. I've had 2 bankruptcies, one in 1998 and the 2nd in 2005. I've had ...
A: The only way to quickly improve your score is to have negative items deleted from your reports. ...
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| secure credit cards | 8/17/2009 |
Q: I have applied for a secure card and I wanted to start it with $1000 but the bank says they have ...
A: Jeff- Sorry to hear that. I know of only two banks that are that way. Fortunately there are ...
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| Foreclosure | 7/27/2009 |
Q: i recently had a foreclosure about 4 years ago and i had 2 mortages.. My first was Wachovia mortgage ...
A: I wish I could say that disputing items worked for everyone right away, but it does not. I will say ...
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| Boost Credit Score | 7/23/2009 |
Q: I am interested in knowing if there are any quick, legitimate ways to raise my credit score, even if ...
A: Sounds like you have done your homework. The 2 big things you can do to boost your score right away ...
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| Double Bankruptcy Effects? | 7/6/2009 |
Q: Mr. McArthur, My boyfriend filed for bankruptcy twice, about 6 years apart. He is always on time ...
A: The simple answer is that the way he moves forward is more relevant to the effect on joint accounts. ...
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| Improving credit score | 5/28/2009 |
Q: 1. If a person pays off a new high-interest auto loan from a car dealer when the first payment ...
A: 1. Making payments for a year or longer would have a much better effect than a payoff. 2. The ...
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| Debt elimination by use of tax credits | 5/25/2009 |
Q: I recently became acquainted with a group which claims to be able to eliminate all debt that has ...
A: Denise, I am not aware of this. I would encourage you to be very careful. I have heard of similar ...
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| Secured vs. Unsecured Credit Cards | 5/19/2009 |
Q: My question concerns credit cards. Right now I have an Unsecured credit card with a small credit ...
A: Hector, SCC will help your score. Only use cards issued by major banks...National ...
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| credit score | 5/19/2009 |
Q: My husband had a credit card we were unable to pay. It got sent to collections and it was in ...
A: It is hard (impossible) to tell how much it will rise because there is a lot more to it than this ...
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| How do I just give up? | 5/16/2009 |
Q: Since the lost of my life-partner in 2004, I have struggled every inch of the way to resume a normal ...
A: George, I missed that you filed in '04 in the first question. That does complicate things a ...
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| How do I just give up? | 5/14/2009 |
Q: Since the lost of my life-partner in 2004, I have struggled every inch of the way to resume a normal ...
A: George, the very first step is to talk to a bankruptcy attorney. See if you qualify for a chapter ...
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| Credit repair | 4/18/2009 |
Q: I have a 49 y.o. daughter with numerous medical problems & is now on Soc. Sec. disability. She has a ...
A: Ang, There are 2 parts to repairing your credit. First is having harmful information that can ...
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| rebuilding my credit | 4/14/2009 |
Q: At one time my credit was quite good, then after getting myself in over my head and taking a chance ...
A: I'm glad to hear your ready to turn things around for yourself. If you follow these steps closely ...
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| Bank account garnishing | 4/7/2009 |
Q: McArthur, I wonder how, exactly, creditors are able to find any bank accounts a person might have? ...
A: I don't know the exact process that they use. My guess is it would have to do with your soc# and ...
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| old store card | 3/28/2009 |
Q: Over the past few years, I have rebuilt my credit score from the mid 500’s to the low 700’s. I have ...
A: Closing it would be a bad idea. Store cards help your credit just like a credit card as long as ...
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| Bad Credit and Need a New Car | 3/26/2009 |
Q: McArthur, In 2006, I had a really bad year; I was evicted from one apartment, asked to leave ...
A: Wow Tracy, you have had a lot of stuff go wrong in a short time. It may be very difficult for you ...
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| Credit Score after Bankruptcy | 3/25/2009 |
Q: Before I started having financial difficulty and went into bankruptcy my credit score was 760. I am ...
A: Here are some good steps to rebuild quickly 1. Obtain a copy of your credit reports. Review to ...
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| A paid account | 3/24/2009 |
Q: I had land line phone service with Verizon and switched to Comcast. In order to keep my number, I ...
A: Chuck- I wish there was an easy answer for you but unfortunately there isn't. If you do file a ...
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| purchase a home | 3/23/2009 |
Q: I am in the process of a lengthy divorce after being married 15 years. Although my husband has ...
A: The answer to this question rests on whether you live in a community property state. Look on line ...
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| Legitimate debt reduction? | 3/21/2009 |
Q: I lost a high-paying job a while back and now owe American Express almost $19,000.00 (my only debt). ...
A: Tracy, Make sure you do your research on whomever you choose to use. I am not an expert on those ...
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| Short Sale impact on credit score | 3/18/2009 |
Q: I have a rental property that is upside down and my rental income cannot cover my mortgage payments. ...
A: The late pays will do additional damage but the short sale will be much worse. I would do what is ...
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| debt and credit reports | 3/17/2009 |
Q: i want to know how long a credit card company has to report payoffs to the credit bureaus.i want to ...
A: The short answer is that I see it take up to 30 days very often. As far as the late pays that lower ...
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| credit repair question | 3/16/2009 |
Q: sir, (1)I have been told that if I had a outstanding account that was in arrears for say 60 to 90 ...
A: Kim, 1. You are correct that the negative history of late payments remain on the account. You ...
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| Raising credit score | 3/11/2009 |
Q: My scores are not good. 575. 514. 602. I am trying to raise my scores. I was just put on an ...
A: Edward, it will help a little at first.As time rolls on it will have greater impact. I can't give ...
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| secure credit cards | 3/10/2009 |
Q: I am currently in the process of rebuilding my credit. I am trying to apply for a secure credit ...
A: Fortunately Frank secured cards will help you to rebuild your credit. After seeing many credit ...
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| Paid off old debt. | 2/24/2009 |
Q: I have recently paid off about 5 small collections from the past 6 years or so. My question now is ...
A: There a lot of simple steps you can take that will get you a great score in about a year. The first ...
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| Past Debt | 2/16/2009 |
Q: First of all, thank you for your time in answering questions. It is a wonderful service. During ...
A: Jeanette, My advise comes in 2 parts. 1. Research the fair debt collection act. Most of your ...
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| Credit Repair | 2/12/2009 |
Q: I filed personal bankruptcy in 2002. One of the creditors that were included in the bankruptcy had ...
A: I would start by contacting the attorney that handled the BK. The proper documents should handle ...
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| How not to lower credit score | 1/31/2009 |
Q: again. I have a "0" interest credit card for a $5,000 lawn mower that will end in the spring. If I ...
A: laura, Balances do effect your score. But you should know that it is al balances against all ...
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| unwanted VISA card | 1/31/2009 |
Q: I had an old Kaufman's card and asked the clerk if I could get a Macy's card even though my ...
A: If the account is not showing up on your credit report due to not being activated you're good. If ...
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| Settling Credit Debt | 1/28/2009 |
Q: I have 2 Credit Cards that are Maxed Out. Each one is carrying a balance of 5,000 dollars, and I ...
A: You have three options. 1. Credit Consolidation. that's the stuff you see on TV. 2. Bankruptcy. ...
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| Fixing Bad Credit/how it effects my score | 1/11/2009 |
Q: I am 25 years old....when I was in college I took out 3 creidt cards, JcPenny, Capital One, and a ...
A: Jessica, I recommend a 3 step approach to your problem. 1. Settle the collections for as little ...
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| Reason Codes | 1/2/2009 |
Q: Is there anything published and/or on the web (books, articles, blogs, daily e-mail tips, etc.) that ...
A: I like your question Yvette. It shows thought. Questions like these are what led me to starting a ...
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| Paying more than minimum on credit card to improve scores | 12/21/2008 |
Q: I have been told that it is helpful to your credit score to always pay more than the minimum payment ...
A: The way it works is that 30% of your score is based on your utilization ratio. It is tiered from ...
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| using CC to raise credit score?? | 11/25/2008 |
Q: I was thinking of using a credit card to raise my credit score. I HAVE money collecting interest in ...
A: I was thinking of using a credit card to raise my credit score. I HAVE money collecting interest in ...
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| Where should I put $15,000.00? | 11/12/2008 |
Q: I am about to receive $15,000.00 tax free. I owe $27,000.00 in credit card debt and $16,000.00 for a ...
A: Audra, That's a nice chunk of change. There are two different ways to look at this. Your idea ...
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| Bankruptcy or credit counseling | 11/12/2008 |
Q: I am debating on whether to choose bankruptcy or credit counseling. I have two car which have been ...
A: Tammi - First things first-I would suggest you call your mortgage company(ies) ASAP to find out ...
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| Re-establishing Credit | 11/9/2008 |
Q: I have a lot of charge-offs on my credit report which I paid all of them off approximately 4-5 years ...
A: Betty, This is part of the unfortunate cycle people deal with when trying to reestablish. The best ...
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| ITEMS EFFECTING CREDIT SCORE | 11/9/2008 |
Q: I am curious about certain factors that might raise, lower or have no effect on my credit score. ...
A: David- This question has many facets. I commend you for using your credit cards responsibly. First ...
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| advice please.. | 10/27/2008 |
Q: if I am asking the wrong expert forgive me. I am trying to help my father improve his credit. I ...
A: Art, There are several ways to increase your credit score. But the first step is to analyze what ...
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