When Renting Cars Abroad, It’s Renter Beware
I ONCE rented a car at an agency in a garage under the Villa Borghese in Rome. The parking structure was tight and poorly lighted, and before I even exited I put a dent in the vehicle, thanks to a low concrete barrier I couldn’t see in the rearview mirror. Credit Repair Process
5 Reasons To Buy A New Car
Unless you’re paying for your brand new car in cash, buying new means paying interest on a depreciating asset, and buyers often end up owing more than the car’s actual value before the loan is paid in full. Green Credit Advisors, Experts in Credit Repair – produced by CorpShorts
Is there any way I can build up / repair my american credit score if I am living overseas?
I am a foreign national, living in the EU. I lived in the US for a year last year and I think there might have been one or two late /unpaid medical bills etc. I plan to go back to the US permanently in a couple of years time. Is there any way I can build up my US credit score while I am overseas…?
i’m not sure if the u.s. system is the same as the u.k.,but this is what i would do:-
take out one or two credit u.s. credit cards and maybe get a mobile phone on contract. use the cards fairly regularly but keep the balances reasonably low. make sure you pay at least the minimum amount every month.use the phone in the same way – make a few calls a month and pay the bill.in the u.k. this would at least help to repair your credit score.hope this helps
I am in the process of reading and following “Credit Repair for Dummies” and I have 2 questions if anyone knows..
1. I have a student loan thru OSLA and I have previously slow-paid on it, but I have 2 entries showing up as NELNET LOAN SERVICE that are both on my Equifax report. In the comments section it says STUDENT LOAN…they both have 0 balance, 0 credit limit, 0 scheduled payment amount, 0 past due amount and the current status states ACCOUNT IS INACTIVE.
What is this and is it hurting me?
2. My mother died in 2003 and apparently had added me to one of her credit cards as an authorized user for emergencies. I never knew this or never had a card. When she died there was a balance of 3600 that was placed and charged off on MY credit report…is there anything I can do to get this removed, or am I stuck with it?
I’ll answer the questions in the order you asked them
1. As far as the “inactive” account from Nelnet if it’s reporting a 0 balance, it’s not hurting you.
2. One of the new changes to the scoing system is the nullification of the authorized user. Which means that it won’t have any affect on your score.Also, the debt is 5¼ years old, so it’s slated to stop reporting in about 2 more years or so. Also, another thing to know is that the statute of limitations(SOL) for open accounts in OK(that’s where I’m from) is 3 years. So even if you were a co-applicant, the debt couldn’t be legally enforced anyway. Also, you could contact the credit card company and inform them if they aren’t aware already that your mother’s passing(BTW,my condolences) and provide documentations (death certificates, etc) and they may be able to re-age or re-set the account to where it can be closed properly. This option will take a little more research and work if you’re willing to do this, but it will help you out.
My suggestion would be to ride it out. If it’s been on there this long, it’s not hurting your credit as much as you think it is. Activity within the last 2 years or 24 months affect your score the most. Items after that, lose it’s negative effect after time until it stops reporting.
Hopefully this answer makes sense, if you have any questions, feel free to ask away!
Can anyone recommend one? I need one who will issue a certificate me before bankruptcy. I want to take online.
Go to the website of the Bankruptcy Court in your district. For example, I am the Western District of Texas, Division San Antonio. On their website they provide a list of approved counseling agencies where you can get your Credit Counseling Certificate. You should also tell how the course is offered.
What is Credit Counseling? Learn about Debt Relief Options – Take Charge America, Inc.
