Does a negative credit rating really stay on your report 7 years?

Long story short… before I started college my dad and I took out a line of credit at a local credit union. I received financial aid and didn’t need or use it. I was 18 at the time and my dad was the primary signer and I was an authorized user or co-signer. I had no credit at the time so this really helped me get credit fast and was able to get credit cards, other loans, etc.

Anyways. My dad was using the account to help build me credit. Well… he forgot to make two payments on it. Once in January and once in June. They were both 30 days late. Now because of the missed payments I have on my credit reports from the 3 major companies that this is a potentially negative report. The account has since been paid off and closed. Since I wasn’t the primary user will this really stay on my credit report/score 7 years? Both payments were small and in the -50 range. BUT Discover card got wind of this and decided to drop my line of credit with them about 1k even though it really had nothing to do with me. I explained that to them and because my name is on the account it effects me too.

Basically, will this stay with me for 7 years? My other 9 accounts are all satisfactory and in good standing; never late and always paid.

I'm looking for a legitimate online lender for an unsecured personal loan. Please, share your success with me!

I’m looking for an unsecured personal loan for ,000 – ,000. I’m interested in 5 – 10 year repayment term with an interest rate of no more than 12%, preferablly under 8%. I would like to obtain this loan within the next month.

I have a minimal amount of credit card debt of less than ,000. I have a pretty good Fico Score of about 650 (& rising) through Transunion (the last time I checked all 3 bureaus this was the lowest.).

I’m interested in any helpful suggestions. Please, let me know if there is somewhere you recently received an unsecure loan from and what the range of terms are. Or if you know somewhere specific online that is currently granting these types of loans.

I don’t want to lower my credit score with a bunch of unnecessary inquires on my credit report. However, I’m serious about this and want to receive a loan from a reputable company.

Thanks in Advance. Have a good day!

I have 2 mortgages that I would like to consolidate into one. What the best way to do this? Is it worth it?

I have 2 townhouses. Both are 15yr loans. Both are at 6.25%. One home is probably worth K, it was bought for K, borrowed K and I owe K on it with just over 10yrs left. The other home is probably worth 5K, it was bought for K borrowed K and I owe about K on it with 13yrs left.

I want to see if it’s possible to refinance the larger loan, and add K to the loan to pay off the smaller house. I want to have ONE mortgage, not take an equity loan and have a second mortgage. Keep things simple and I’m pretty sure it will lower monthly fees.

My credit scores are in the 750 to 800 range and, along with my savings and investments, I’m hoping that would be enough to qualify for a lower rate. I have enough money to pay for the cost of refinancing (I don’t think it’s a good idea to tack that on to the loan if I got the cash). School and property tax together is about 2.21% of the purchase price.

So, what is my best option? It’s really a small loan I know. It was a pain trying to find someone to call me back on K loan for my second house. Right now they are both financed with the same bank. Should I go to them? If it means they make less money would they even want to help me?

Most of all, is it even worth it? I’m pretty sure I won’t be moving for at least the next 10 years.

Thanks for any help.

I’m looking to take out a personal loan. $15k to 25k?

I applied with only one loan provider online (Chase Bank) and they said I am good up to ,000. Seems really low to me? On the application I put salary k/year and credit should be good although I don’t know my credit score.
Should I apply for more loans and is there a chance I can get much more than ,000 or will most banks or lenders be within the same range?
Can I use my car if its a lease as collateral to make the loan higher or does that only apply for a car that is fully owned.
Just wondering if there are ways to get more money from a personal loan. thanks

I'm looking for a legitimate online lender for an unsecured personal loan. Please, share your success with me!

I’m looking for an unsecured personal loan for ,000 – ,000. I’m interested in 5 – 10 year repayment term with an interest rate of no more than 12%, preferablly under 8%. I would like to obtain this loan within the next month.

I have a minimal amount of credit card debt of less than ,000. I have a pretty good Fico Score of about 650 (& rising) through Transunion (the last time I checked all 3 bureaus this was the lowest.).

I’m interested in any helpful suggestions. Please, let me know if there is somewhere you recently received an unsecure loan from and what the range of terms are. Or if you know somewhere specific online that is currently granting these types of loans.

I don’t want to lower my credit score with a bunch of unnecessary inquires on my credit report. However, I’m serious about this and want to receive a loan from a reputable company.

Thanks in Advance. Have a good day!

Am I able to buy a home with my situation right now?

Hello,

I had bankruptcy and recently discharged on December 2008. Right now I don’t have any loans except for 1 credit card that I obtained to rebuild my credit. I’m only using 30% and paying it off every month.

My monthly income is 00 after tax, and I’m able to save 0-500 per month.

There are 3 of us considering to buy a home, my mother, fiance’ and I. My mom also have a bad credit but no bankruptcy. My fiance’ has good credit, let say about 650-670 credit score.

We are just looking for a small house price ranging from 100K to 150K.

Right now we are paying rent for $ 800 per month on time without struggling. My mom started renting the same house 2 years ago and on December 2008, my fiance’ and I move with my mom to help her to pay rent.

I just thought that if we can pay 0 per month, why not get a mortgage for 0.

Is it possible for us to get a home now or I have to wait a year or more to re-establish my credit?

By the way I had my credit card on Febuary ’09 and I have a student loan that will be paid off on April 09. The student loan was on repayment plan since January 09. So I guess that will help to rebuild my credit history from January 2009?

Any suggestions will greatly appreciated.

Credit Reporting Question…?

I have had several small loans from a local company ranging from 0 to 00 and all paid off satisfactory.Yet, they don’t show up on my credit report. I’m trying to build good credit, and this is self-defeating. How can I have the loans reported to my credit report to help increase my score, or is there such a way? Thanks!

apartment question part 3?

Ok, so I emailed the apartment complex about my credit score …so here is what they emailed me …by the way my credit score is avg of 581 -600 on my fico…what do you think my odds are of getting a smal ldeposit ? this is their response " credit score of 600, which
you have, is generally considered an average credit score. You can
expect to be approved under either a Minimal Deposit or a Half Months
deposit if you have good credit history. When credit is ran we only go
back up to 3 years to see established credit history. With you being a
student with a credit card and a car, you should have plenty of
established credit to qualify on your own. However, when we run our
credit checks we don’t get back a score, we just get back a grade
stating what credit level tier you will qualify under. The tiers range
from Reject, Full Deposit, Half Deposit, and Minimal Deposit. If
everything goes as planned you can expect to qualify under a Half
Months deposit or a Minimal d

Additional Details

20 hours ago
sorry a little bit about me…I’m 21 a student ..don’t have to pay back loans till i graduate, one full time job (bank), one part time (security)..i make about 1840 a month…one month late on a car loan payment and I owe still on the credit card…nothing else

19 hours ago
little bit more about me lol…my monthly income is 1840…I have a car payment of 328 and a cc payment of 65 a month that’s it …oh and the rent will be 449 a month!

18 hours ago
one more thing sorry people but the more detail the better your answer will be…I forgot that they want gross so that before tax…my monthly income will avg about 2100 a month

Auto Loan, Student Loan, & Financial Aid Help?

I’m currently thinking of applying on all three this summer. I have a full-time job but seeking to replace with a part-time job to pay my bills and make room for school. I plan on applying for 2 loans: ,000 for auto and another ,000 on student loan. I have limited credit history of 8 months with a credit score ranging from 640-660 maybe even at 680 due to regular payments on my 2 credit card bills. I’ve had my current job for a year and a month but working here won’t get me anywhere that is why I decided to further my career by going back to college. I am also currently applying for my financial aid as a full-time student to help out with school’s tuition and expenses. I could probably deal with 0-500 a month payments for the two loans and I have minimal payments for my living and misc expenses. But would this be a good decision? I need experienced individuals to advice and give suggestions pls. Thank you very much!

apartment credit part 2!?

Ok, so I emailed the apartment complex about my credit score …so here is what they emailed me …by the way my credit score is avg of 581 -600 on my fico…what do you think my odds are of getting a smal ldeposit ? this is their response " credit score of 600, which
you have, is generally considered an average credit score. You can
expect to be approved under either a Minimal Deposit or a Half Months
deposit if you have good credit history. When credit is ran we only go
back up to 3 years to see established credit history. With you being a
student with a credit card and a car, you should have plenty of
established credit to qualify on your own. However, when we run our
credit checks we don’t get back a score, we just get back a grade
stating what credit level tier you will qualify under. The tiers range
from Reject, Full Deposit, Half Deposit, and Minimal Deposit. If
everything goes as planned you can expect to qualify under a Half
Months deposit or a Minimal d
sorry a little bit about me…I’m 21 a student ..don’t have to pay back loans till i graduate, one full time job (bank), one part time (security)..i make about 1840 a month…one month late on a car loan payment and I owe still on the credit card…nothing else
little bit more about me lol…my monthly income is 1840…I have a car payment of 328 and a cc payment of 65 a month that’s it …oh and the rent will be 449 a month!
one more thing sorry people but the more detail the better your answer will be…I forgot that they want gross so that before tax…my monthly income will avg about 2100 a month