Few Quick Question

myofixer · 07-21-2007, 07:40 PM

Questions--

1. i want to apply to two credit cards and make payments on time , but a year ago when i apply i always get denied my credit score now is 618 .. last year it was about 520 ... which type of card do you think i should apply for now , please tell me the exact card...

2. what exactly can i fight off ... which kind of charges can i take of the credit report .. i read all these things that credit people have 30 days to prove to me that they have records of me oweing them money or something? which kind of records can i write letters to have them take it of ... and is it true they have 30 days to respond with proof or it will be taken off?

3. what web site can i order credit reports from that are used for mortgage.. i ordered a credit report from a credit conapny but it is not used for mortgage.

4. if i lose a court case for $22,000 and i dont pay them how badly will it affect my credit score? will it be added to my judgement?

5. has anyone heard of lexington... they claim to help fix credit scores... are their services usesful , should i use them why or why not?

Enigma · 07-21-2007, 11:35 PM

My responses in red:

Quote:

Originally Posted by myofixer

Questions--

1. i want to apply to two credit cards and make payments on time , but a year ago when i apply i always get denied my credit score now is 618 .. last year it was about 520 ... which type of card do you think i should apply for now , please tell me the exact card...

Orchardbank.com, a secured card from bankofamerica.com, nationalcity.com

2. what exactly can i fight off ... which kind of charges can i take of the credit report .. i read all these things that credit people have 30 days to prove to me that they have records of me oweing them money or something? which kind of records can i write letters to have them take it of ... and is it true they have 30 days to respond with proof or it will be taken off?

It depends on your state. Read the FDCPA, your state laws and cases. Read this site for information.

3. what web site can i order credit reports from that are used for mortgage.. i ordered a credit report from a Credit reporting agency butt it is not used for mortgage.

Equifax Personal Solutions: Credit Reports, Credit Scores, Protection Against Identity Theft, www.experian.com, transunion.com, myfico.com

4. if i lose a court case for $22,000 and i dont pay them how badly will it affect my credit score? will it be added to my judgement?

In general it will affect your FICO score. Read your state laws and rules concerning judgments.

5. has anyone heard of lexington... they claim to help fix credit scores... are their services usesful , should i use them why or why not?

In my opinion you can do the work by learning yourself and you will save a lot of money.

Qtip · 07-22-2007, 11:28 AM

Quote:

Originally Posted by myofixer

Questions--

5. has anyone heard of lexingtonlaw... they claim to help fix credit scores... are their services usesful , should i use them why or why not?

I think they do blanket disputes, in some cases this can actually hurt you instead of helping you. For example if your oldest trade line has two lates from three years ago, a credit repair company might dispute the two lates and risk loosing your oldest tradeline. This is something you can do yourself, why pay a company?

rubyruby27 · 07-22-2007, 02:42 PM

I just applied for a Home Depot card, assuming/hoping I would be denied, but they gave it to me with a 4,000 limit and my current score is 615 now it took a 5pt hit for opening the card. Also they posted within 2 weeks I am paying as agreed--I haven't made my first payment yet.

Since I go t the card I bought something so I can increase my credit rating to show current on time payments.

The interest rate is high at 21%, I really only applied thinking I would be denied.

neil5623 · 07-22-2007, 06:58 PM

Quote:

Originally Posted by rubyruby27

I really only applied thinking I would be denied.

????why? Some clandestine reason, I assume.

Dallas Student · 07-22-2007, 08:38 PM

I know the feeling. When you've been working on your credit for a bit, and you get denied so many times, you kinda get into the thinking that you're gonna get denied.

I was that same way when I applied for Target. Shocked me to death when it said I was approved. Instantly no less! Go figure.

jlynn · 07-22-2007, 09:15 PM

Quote:

Originally Posted by neil5623

????why? Some clandestine reason, I assume.

Sounds like she is needing a denial for proof of damages to a court claim.

jlynn · 07-22-2007, 09:18 PM

Quote:

Originally Posted by myofixer

Questions--

3. what web site can i order credit reports from that are used for mortgage.. i ordered a credit report from creditreport.com but it is not used for mortgage.

4. if i lose a court case for $22,000 and i dont pay them how badly will it affect my credit score? will it be added to my judgement?

Will what be added to your judgment?

Also, you mention a mortgage report - I assume that is your goal. Please know that regardless of how badly a judgment affects your FICO score, it is highly doubtful that you can get a mortgage with an outstanding judgment. Or if you can, they will be at loan sharking rates.