Credit Union refunds mysterious security fee
Dear Greg: Eight years ago I opened an account at Partners Credit Union. It was just a savings account – no checking or ATM card. A couple of months ago while checking my statement, I noticed they’ve been taking $8.95 a month out of my account since September 2009 for some kind of fraud protection I supposedly signed up for. I would never sign up for something like that. I called the credit … Warning! Charging to Fix Your Credit Report…Scam
I am twenty years old and I’ve acquired a lot of debt over the past two years. I owe capital one $650.00. I have a car note that’s late most of the time and when I was 18 my uncle rented property in my name and was evicted two months b4 the lease was up… not to mention student loans. Can anyone give me any advice on where to start as far as repairing my credit. I would like any good budgeting tips, websites or books. I’ve seen my parents make this mistake and I just want to start repairing my credit now so when I am done with school I can move on with my life and make better decisions as far as credit goes.
ONE MORE QUESTION… are those secured credit cards worth the price tag???
* I work a part time job getting paid 12.00/hour. I work about 52 hours a week
Well start by not getting any more credit cards at all!. Secondly, you should not only make your payments on time, but if possible, pay them 2 weeks before the due date in order to avoid finance charges. You don’t say anything about having a job. Do you own your car or are you still making late payments? Do you own anything outright? If so, check into a consolidation loan. $650 is nothing to owe, but quit using the card. Cut it up and write a letter to the company closing the account (yes you will still pay the $650 but you won’t accrue any further debt). Above all else DO NOT go to a payday loan or car title loan place, they are rip offs. I also question why / how your uncle rented property in your name, that constitutes fraud.
Here’s my situation… I am self-employed and have been for almost 3 years. I have the past 2 years tax returns… which don’t total much in profit at all. I am looking to shift my business into real estate investment and need to get a loan. I am looking for 100-105% financing… I would finance the update/repairs and then flip it. I have excellent credit (680 low 714 high).
Here are my questions:
1. Will a lender consider the potential income from the flip, if you present figures?
2. Will they consider my boyfriend’s off-the book income (if he gets a letter from his employer)?
3. What can I do to help me get a loan?
you should not have the problem to get 100%- 105% loan with your credit score.
lender will not penalize you for selling the property after couple of mth.(you need time to fix the house and sell after)
banks don’t consider any potencial income- they only consider what you make in the past 2 years.
if your boyfriend have of the book income, that’s why lenders create no income verification programs- you can’t proof your income,but we belive you, because paying taxes is between you and ancle sam.
no income verification programs come with higher interest rate and plus 100% financing mortgage will make them even higher, but if you will find good flip and you sure, that you will sell quicly – rate is not important that much, because you will keep this mortgage for very short time.
calculate your total investment money, like how much money you need to fix the house and add 20% (those are cost you don’t have idea you will have to pay before you start remodel and you going to do this for the first time) and of course calculate 6mth of mortgage payment ( hope you will sell this house in less time then 6 mth, but today market…) if you have enough money to cover all the expenses- you ready for your flip. trust me i did 3 flips in my life .better to be safe ,then sorry.
if you don’t sell this house, after remodel -you can refinance the house- the value of the house will be diferent after you fixed and you will get better rate and maybe you can rent out this house and wait for better market.
i don’t know what state are you from, but there are also remodel mortgages and you can borrow the money from the bank to fix the house and of course lender will consider the value of the house before remodel and after, but you need to talk with your local loan officer, and see what options are available to you and will work for you, unless you are from IL and I can help you.
How To Increase Credit Scores Through Self Help Credit Repair
I have a small computer repair shop. I operate on tight tight finances and my policy has always been that any hardware sold has a 30 day replacement or repair warranty, and there is no warranty on software. I have had many happy customers buy computers from me and have computers repaired with me. I only accept cash, because there is no chargeback risk as with credit cards or checks. Recently I had a customer purchase a laptop from me, bring it back and say she is not happy with it. Claims it will not play video games her son wants to play on it. I told her it is not powerful enough. (Not enough ram or processor speed). There is nothing wrong with the computer. I can’t afford to refund her but she claims its illegal to not refund money. I kicked her out but today I got a summons to appear in court for she is suing my business. I did nothing illegal here, how can she sue?
How can she sue? By not agreeing with your conclusion that there was nothing wrong with the computer. Whether she can win a lawsuit is another question. No law requires any sort of warranty beyond the implied warranties of fitness of merchantability. If the computer works, you have satisfied your implied warranty. You seem to have given an absolute warranty of 30 days, but with a limited remedy. The law in most places allows that.
She has no greater right to cancel the sale than you have to go to her home and demand a return of the computer.
Credit Repair Business Software by DisputeSuite Live Review
Hello..Im in some credit woes and wonder if its best to do a settlement or credit consolidation/whats the best
Im worndering also if there are better companies to use as I have heard some horror stories with some credit ” repair” companies….
Please advise your help is very much appriciated!!! GP
I understand your concerns. Many people out there believe that credit repair is a scam. And, to be honest, there are a lot of scam artists out there posing as credit repair specialists. However, it should be noted that most of the myths about credit repair are perpetuated by the credit reporting agencies. They don’t want you challenging what they do because it costs them money. So they will tell you that you don’t need to do credit repair or that you can do it yourself. While that is true, it is also true that you can repair your car yourself when it breaks down. However, you take it to a mechanic because you know the mechanic understands engines better than you do.
I KNOW its legitimate i went from a 502 credit score to a 767 in 6 months!!!!!!!!!!!!
The company i used offered a money back guarantee.
NWBA has been in business for over 13 years. In all that time they have had only one complaint against them with the BBB. Other companies in this field have as many as 300 in the last three years. In fact the other two of the top three credit restoration companies both have over 250 complaints against them in the last three years.
The decision is ultimately yours. there credentials and reputation are unimpeachable. It comes down to, are you going to listen to people who only believe what they hear on TV or are you going to believe people who actually work in the field every day and know the truth?
