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19 Responses to “Finance Loans and Credit Rating”

1. WPMixer says:

   2010/02/18 at 02:46

   Excellent work. Pleasure to watch. Perfect music ))
2. ccrider666 says:

   2010/02/18 at 03:07

   Not a good idea to do this until you establish a better situation for yourself for these reasons:
   1. A lot of unscrupulous brokers who will rob you blind on rate, fees, points, miss-disclosing, to name a few things. The rate will be at least 9.5% and if they tell you it's less, then they are talking trash and setting you up on a very short term adjustable and only disclosing the fixed term.
   2. You have no equity from the start and your credit is already stretched. Build your credit back up by making 12 months of on-time rental payments and don't listen to brokers that tell you about credit bureau crap. Make your credit card payments and especially your auto payment on time. Many programs allow poor credit if you can prove you have made 12 on-time rental payments in a row. Rent from a property management company and not from an individual to make it easier for you to obtain a good deal in about a year.
   3. Broker's who tell you rates are going "sky high" should all be put in jail because they don't have the first clue as to what rates will do. They just want to make a quick buck and leave you holding the bag of pain.
   4. If you do go with a broker, make sure they are licensed within your state so that if they screw you over you can screw with their licensing by filing a complaint. You can verify their license status on any State's web site so don't let them send it to you or just tell you they are licensed. Find out yourself by looking it up online.
   5. If what you are being told sounds fishy, it probably is so don't think twice about saying no. There is no free money or cheap money for those with credit scores under 680 on 100% financing, no matter what anyone tells you.
   Good Luck.
3. Wordpress says:

   2010/02/18 at 03:18

   Great talent Der Mann.
4. stlpobill says:

   2010/02/18 at 03:26

   There are no hard and fast rules, but there is generally no difference between 150k, 200k, 300k, or even 417k. The rules are generally the same all the way from 100k to 417k (the conforming loan limit). You must keep in mind though that it is all based on percentages so there is a big difference between putting 20% down on a 100k purchase and 20% down on a 417k purchase, the same goes for income.

   Hope this helps. Let me know if you have other questions!
5. mcied150 says:

   2010/02/18 at 07:07

   Why not start preparing now? You need 2 open lines of credit in order to build credit. Perhaps you could get a secured credit card from your bank. A thin credit file (meaning little to no credit history) can be as bad credit because since you have never made payments prospective lendors will not know if they can trust you or not. I suggest going to a local bank (maybe your parent's bank) and tell them your concerns and see what options they have to help you establish a history. Since you are underage your parents will most likely need to be involved, but will most likely be proud of you for showing the maturity to be concerned about your credit history.
6. Blogger says:

   2010/02/18 at 08:59

   Very nice!!
7. Greg F says:

   2010/02/18 at 23:36

   Finance is what I do for a living and believe me cash is king. Since you are making a 33% down payment you should have no problem getting the loan.

   With a $2,000.00 income before taxes, your fine.
8. A J says:

   2010/02/19 at 06:56

   I did the credit card thing on my used car…my rate was 4.9%…it was cheaper tjhan a used car loan. Consider this make sure your rate is not a variable rate and make sure you are never late on payments because your interest rate can go up to 30% with one late payment! remember you can alwys do a balance transfer if you get a better credit card offer in the mail!
9. Anonymous says:

   2010/02/19 at 11:17

   Brilliant Willy, Just Brilliant =D
10. Blogger says:

    2010/02/19 at 21:10

    Incredible! He looks so life like. Just amazing…and what a beautiful subject
11. Wordpress says:

    2010/02/20 at 04:25

    Perfect.
12. rodney says:

    2010/02/20 at 10:40

    A "line of credit" is nothing more than a pre-negotiated, pre-approved loan. It has a maximum value you can draw. You have no charges until you actually USE some or all of the available funds. What you pay for this convenience is that there is no grace period as there is with a credit card and interest accrues immediately. Unlike a credit card, there is no "approval" process needed or required. You write a "check" against the line of credit and it is honored automatically since you are pre-approved. A line of credit is a fallback to other forms of loans. In essence, when someone calls your bank about your "check" they are informed by the bank that your check is equivalent to a certified check with the full backing of the bank behind it. What you are paying for with the interest and such is the convenience, pure and simple.
13. yahoo says:

    2010/02/20 at 16:59

    First of all there is a difference between bad credit and no credit.

    If you have bad credit its gonna be harder to do all the things these people say. Bad credit happens when you start worshiping at the alter of the almighty fico score. You get loans and credit cards to raise your score then you can't pay back the money.

    If you have no credit from not borrowing money you can still get an apartment and job and a home loan. Its called manual underwriting. It's not a sub prime loan. Its the way it was done before all the fico score worship. You can get the lowest interest rates available.
14. WPBlog Shop says:

    2010/02/20 at 21:35

    Nice work, you did pretty good.
15. Free Blog says:

    2010/02/21 at 02:10

    woww that’s really relax and beatiful soung .good picture of jhony depp !
16. Free Blog says:

    2010/02/21 at 03:57

    You’re really good man. You’ve got excellent talent.
17. Jules H says:

    2010/02/21 at 11:07

    Why would you want a loan to cover off a debt.

    For a £1000 debt you are actually borrowing nearly double that. Besides if you have crap credit score anyone will does give you credit puts high interest on it.

    Contact the companies tell them that you are unable to pay off the money and that you want your credit stopped with them. They will do one of two things stop the credit and you just pay back what you owe or ignore you.

    If they do the latter contact the CCCS http://www.cccs.co.uk and they will draw up a budget and work out much you can pay your creditors and with little or no interest.

    Your credit rating will remain and then actually improve because you have managed your accounts and not left them to go out the swanny.

    I wish someone told me this advice three years ago when I first borrowing to cover borrowing.

    I hate Carol Vorderman.

    Do not borrow of Peter to pay Paul
18. Sunny Boy says:

    2010/02/21 at 13:04

    credit card policy is pretty much the same globally.
    Consequences of having bad credit makes it more difficult, and more expensive to get any further loans, rent, or lease any property. For certain jobs that also require an extensive background check, it hurts your chances of employment.
    1) Yes. Though is depends on how bad your credit rating dips. If it gets below 500, it is near impossible.
    2) Yes. Typically 7 years
    3) Bankrupcty last on your credit rating for up to 10 years. This is a sure way to destroy your credit rating.
    4) None.
19. elsa leos says:

    2010/08/09 at 09:56

    http://www.securedloanlowrate.com/page/2/