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What is the impact on a credit score of getting a car loan within a year of buying a new home as a first time car buyer and home buyer?
Wiki User
∙ 18y ago
The time involved has little effect. It depends on your income to debt ratio. Higher income, lower debt is good, while lower income and higher debt is bad. It also depends on the total amount used of you current available credit.
Wiki User
∙ 18y ago
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How was buying on credit in the 1920's?
joe - The start of the decade came with a new way of buying luxuries, what we call today credit. Back then there was no government controlled credit so you basically walk in to store talk to the store owner about what you want to buy using credit and you will arrange something with store owner. There were no credit cards at the time so each store you used a credit, you placed a tab, and if you didn't pay within a certain deadline creditors would come and reclaim your possessions
If you apply for a mortgage and are turned down will that reflect negatively on your credit report?
No, but the inquiry, if too many are done, can have a negative effect.NewCorrect, but remember that only credit inquiries within the last 90 day period will negatively impact your FICO score rating.
When you have had perfect credit with no negatives how does a past due from a store card effect your credit?
Credit scores are calculated based on ALL the information showing in a report at the time they are requested. That having been said; any derogatory information, like a late payment, that gets reported within the past 12 months would have a significant impact on the score. This impact would be most notable on a consumer's report with no other derogatory information.
If you reinstate your old credit card does that lower your chances for getting approved for another credit card from a different bank within the same month?
It will not lower your chances for being approved, it actually may raise them a little bit. Each lender has their own criteria for extending credit.
How can you stay away from getting bad credit?
Live within your means. The simple rule is don't buy more than you can pay for. If you take out a loan, and a credit card can be a type of loan, make sure all your payments are made on time. If you pay off the credit card every month, you will develop a good credit rating.
Are oreck vacuums guaranteed with a warranty?
Vacuum cleaners purchased from there can be returned within 30 days of purchase, either with refund or a credit. However, they're not liable for and damage resulted from misuse or excessive impact.
Where can I inquire anything about car loans?
Applying for an auto loan counts as an "inquiry" on your credit report. While the number of inquiries is a factor in your credit score, it generally has a relatively small impact, with elements such as past payment history and use of credit receiving much more weight in the score. If you make multiple applications for a car loan within a 45-day window, it lessens the impact because most of the credit bureaus realize you're shopping for a car loan. Read more: Does car loan inquiry hurt credit score? http://www.bankrate.com/finance/auto/does-car-loan-inquiry-hurt-credit-score.aspx#ixzz1odJxn5tY
Does it hurt your credit score if you open 1 or 2 credit cards with a 12 month deferral of payments and interest with the intent of paying these off from a mortgage refinance within that 12 months?
The deferral option itself will not have a significant effect. The debt to credit ratio that might be incurred during the time period, will definitely change a credit score. Therefore, deferred accounts can have a negative impact on the CR.
What To Consider Before Getting A Credit Card?
If you want to get a credit card, the first thing to do is to find one that does not have a high interest rate. By doing this, you will be able to avoid extra fees that are associated with your purchases. The next thing you will want to remember when getting a credit card is to avoid using it to buy menial things. Credit cards should only be used in emergency situations when money is tight within the household. Living debt-free really does start with regulating your credit card use and how the members of your family use it.
Where can one get tax credit for energy efficient websites?
One can learn more about getting a tax credit for energy efficient websites on energystar and irs.gov. My making energy efficient changes within the home one may be entitled to a small tax break.
Does is make a difference if you have one foreclusure or 2?
The first foreclosure will have the largest impact on one's creditworthiness as the home is considered the most important asset to protect (largely by keeping up with mortgage and tax payments). The belief is that if one does not keep up payments on their home, why would they keep up payments for anything else as anything else is insignificant in comparison. The foreclosure will stay on your credit record for up to 10 years and will negatively impact your credit score throughout the entire period. If you got your second foreclosure within those 10 years, your credit rating will be lowered, but not as much that resulted from the first foreclosure. If you got your second foreclosure more than 10 years after getting the first, your credit rating will be negatively impacted to the same level as the first was.
Are there hidden fees when getting a prepaid debit or credit card?
Sometimes yes. There are fees if you don't use it within X months, and generally fees for making purchases or withdrawing money.
