Snowtime asked:


It seems that if you have good credit, the current crisis would help because lenders need a stable of good clients. I am off base here? The fed keeps lowering rates – shouldn’t that trickle down and reduce rates on a 15 or 30 year??

Jo

cornfed asked:


I’ve just been approved although my credit sucks, but they say they can tell ive been trying.
Is this a good loan for me?
I live in Iowa and make to much money to qualify for anything even though I am a single mom of 2.

Shirley

iceman asked:


I have solid credit, a round a 700 credit score. However my Fiance has poor credit due to some problems in college and her lack of using credit in the past few years. Her income is very good, and without it I could ever carry the mortgage we are looking for on my own. My question is how much will her credit score effect the type of rate we get or the get of line we get?

Patrick

Coral asked:


How many points does your credit score go down for every late mortgage payment made 30-35 days after the due date?

Is this hard to repair?

Shane

chelsncurt asked:


All of my debt is unpaid medical bills. other than that i would say i have no credit seeing as i have never paid a mortage or car payment or even credit card. My current score is a 550 and i know its best to pay off the debts but as i understand it the creditors can take as long as 7 years to take it off my credit and my score go up.

Some have told me that medicals arent a big deal when it comes to getting a loan but i still have concerns seeing as it has dropped my score so low.

help!

Marilyn

Skibunnie123 asked:


How much can you have companies pull your credit before it starts hurting you? I know many are deamed a “soft hit” on your credit, but does this actually take away points? I have a construction loan right now and plan on purchasing a mortage after my home is built, but I also need to refinance my truck at the same time. I am worried by pulling my credit with the refi it will hurt me when trying to get my mortage……help?

Jesus

*~*Your Dream Come True*~* asked:


I am getting married soon. My fiance and I have about the same credit scores. Which one is right for mine? Also, will it be hard to get a loan for mortage with our credit scores ranging 600-660?

Laura

bluecolor asked:


i had a few bad 3 months when i lost my job and couldn’t keep up with some credit card payments, my plan is to buy a house in the next ne year but im afraid the collections reported on my credit can ruin my plans. Do financial institutions take into consideration some situations like temporary job loss when evaluating your credit for a mortage or any kind of loan?

Dana

cuteness asked:


is me. THEN they said ” our records state that you took out a mortage loan in april 2003″ how did you finance this..

ANYWAYS I never took our a mortgage loan!!!!!! I dont even know what that is!!!!!! Does this mean someone stole my idenity??? Or is this just a trick question that they ask everyone???
I dont know alot about this stuff, but ‘ve never been accepted for a credit card… could this be why????? I have bad credit? cuz someone stole my idenity???? how can I find out?

Glenda

Cannonball asked:


ok, my situation is that I have a huge amount of credit card debt and a few other loans. I am not a “big spender” and financially responsible but a few “curve-balls” that life has thrown me has left me in a hole I don’t know if I can climb out.

What I am hoping to do is either do a debt consolidation loan or maybe 2nd mortage. I own a home but other family members stay there and I was hoping to one day own one for myself.

So I guess my question is what are some of the pros and cons of debt consolidation. What would I do or need to do to take out a home equity loan?

Jeanne