Comments for BAD CREDIT HELP - Instant bad credit loan

Comment on How does a bad credit auto loan really work? by Angel

Angel — Mon, 28 Mar 2011 10:49:41 +0000

You have an option of an unsecured car loan, secured car loan, personal car loan, and adverse credit car loan. You can opt for the car loan according to your choice. An unsecured car loan could be sought without putting collateral. On the other hand secured car loan needs collateral.
The benefit that you would get is that longer repayment term will be there in a secured car loan. The repayment terms would be shorter in an unsecured car loan. Since the risk is high to the lenders in the case of an unsecured car loan, so the repayment terms are shorter.
To get a car loan visit http://loan-4u.freehostia.com

Comment on How does a bad credit auto loan really work? by octogen

octogen — Mon, 28 Mar 2011 10:27:46 +0000

Hi!! by the look of the credit business following this sub prime fiasco, i do not think you would have much chance of getting your loan through the normal chanels and therefore you would be wide open to the loan sharks.. Certainly here in the UK things really are very tight now. On the other hand the car market is in trouble so you might be lucky with long payment period, and 39pt9 pc, interest.
Good luck to you.

Comment on How does a bad credit auto loan really work? by Jason M

Jason M — Mon, 28 Mar 2011 10:07:11 +0000

In this case it would depend on the car dealer and then the bank making the loan. In the case which you describe it could range but my guess is it would be minimal in some cases as to what the down payment would be since they dont expect alot with you having a low credit score. The problem would come to you however as to what interest rate you would recieve. That will be the bigger issue as this will drive you overall investment in this car up. You might try your current bank if you have had good standing with your accounts. They may be able to help you more knowing you as a customer and being able to look up history of your accounts. They may also be a good place to give you advice. The bank that you go to might ask that you make a down payment however in this case depending how your car comes out in the deal if it is worth a significant amount less than what you are paying. In that scenario you will have to make up the difference. This is all depending on the bank. Good luck and enjoy the car hunt.

Comment on How do i remove a bad credit mark off my credit report? by bean_c129824

bean_c129824 — Sun, 20 Mar 2011 15:20:37 +0000

Have you paid them all ? If not try to negotiate a deal to remove the negative records in exchange of a payment. It’s difficult, but it worked for me on one of the account, it was probably because the rep was friendly…if you leave those negative items it would take7 years to clean up.

You might want try this company.. I hired them back in 2005 and
they were extremely helpful and there was big improvement in my credit in less than a year..not 7 !!
Centurion Law Firm
http://offto.net/yourcreditattorney/

Comment on How do i remove a bad credit mark off my credit report? by echo

echo — Sun, 20 Mar 2011 15:02:39 +0000

Do not send anything proving you paid it, unless you do want it to remain on your reports as a paid negative.

If you had paid it and it is still being reported with the balance then dispute it.
Say something like…I have no account for $xxxx.xx amount with . Please remove this.

If you are lucky, whoever you paid will not bother to verify it since it had been paid.
If they don’t verify it, it will be removed.
If they do verify it, it should be updated to show that it had been paid.

Comment on How do i remove a bad credit mark off my credit report? by Doctor Deth

Doctor Deth — Sun, 20 Mar 2011 14:55:36 +0000

It’s already settled. paying it doesn’t make it disappear – it will stay on your credit report for 7 yrs after you paid it off – it will show as closed or paid, but it doesn’t go away

Comment on How do i remove a bad credit mark off my credit report? by Bailey S

Bailey S — Sun, 20 Mar 2011 14:42:39 +0000

Actually the Fair Credit Report Acts states the item can stay on your credit report for 7 years from the date of the last financial transactions. So if you had an item go into collection and charge off in June 2002 and you made a payment in May 2009 it would remain on your credit until June 2016 vs. it falling off in June 2009 if left unpaid.

In my experience if you dispute a paid item via the online process with the 3 national credit bureaus the collection company typically will not respond. This is not 100% all the time though.

Comment on How do i remove a bad credit mark off my credit report? by SPIFIMAN1

SPIFIMAN1 — Sun, 20 Mar 2011 14:05:00 +0000

Just because you paid it will not make it go away. The Fair Credit Reporting Act (Federal law) says that derogatory accounts show for 7-years fro the date of first delinquency weather paid or not.

Comment on How do i remove a bad credit mark off my credit report? by brenda

brenda — Sun, 20 Mar 2011 13:19:13 +0000

you can challenge the item but if you paid it off then it should showed paid off. If it is true it stays on

Comment on How can I get a home loan with bad credit? by bdancer222

bdancer222 — Mon, 14 Mar 2011 13:13:57 +0000

Requirements for mortgages are very strict. The only way to buy a home with bad credit is a HUGE downpayment — a lot more than 20%.

You should work on cleaning up your credit. Mortgage companies will insist that all derogatory items be settled. Start with the newest ones and work back to the oldest. Negatives age off 7-1/2 years from the date of first deficiency. So you may want to let anything close to the 7 year mark just age off.

If you have any single entry derogatory items, like utilities and medical bills, negotiate a pay for delete — you pay $x and they remove the item from your credit. This will improve your score. However, this doesn’t work for regularly reported items like credit cards and installment loans. Collection agencies can only remove what they report. Original creditor’s charge off remains.

Get any settlement agreement in writing and save it along with your payment proof forever. Don’t give collectors direct access to your bank account.

You should also put more money aside for the downpayment and closing costs. The bigger your downpayment, the more likely you will get a mortgage.