BAD CREDIT HELP – Instant bad credit loan

Question by Katie B: How much will my hubands bad credit affect my credit?
We don’t own anything together, no house, no joint acounts. Financially, we are completely seperate. I knew he didn’t have great credit when we got married, I didn’t know that it was as bad as it really is. If we always stay seperate (at least on paper) will my credit eventually go down the tubes?

Best answer:

Answer by redenz40
NO. The creditors are smart but they do not know that you are together unless you are linked to him someway financially

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Question by Venom: How much did Verizon Wireless charge you for having bad credit ?
I know Verizon charges people a large fee for having bad credit.

On a scale of 1 to 10, how bad is your credit ?

Best answer:

Answer by Miss Lover
i just turned 18 and in american NO CREDIT is BAD CREDIT.

they said anyone with a score of 300 or below will be charged 0-0; i was charged 0

What do you think? Answer below!

Question by msxcheshirexcat: If you have good credit and your spouse has bad credit, how much does it affect you?
I’m debating this with my boyfriend.
He says that if he has bad credit, and I have good credit, and we get married, his bad credit will not affect me at all.
I say that when we’re married ,we share money, so any monetary problems HE has become monetary problems WE have.
Is he right, or am I?
OH, my boyfriend doesn’t have bad credit, we’re just giving a hypothetical situation! =P

Best answer:

Answer by ronda s
Not a problem…until when and if you get married!!!

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Question by smilez: How much bad credit does it take to affect my credit scores?
I am debating trying to pay off a BIG amount(00) and am not sure how to go about it. I don’t have the money for min. payments and don’t have any marks on my report yet. So how bad is it to get this on my credit report?

Best answer:

Answer by Tundra21999
One 30 day late can reduce your score by 50 to 100 points

A credit score is a number generated by a mathematical formula that is meant to predict credit worthiness. The most common of the credit score standards is the FICO score by Fair Isaac. The FICO score ranges from 350-850 and is intended as a predictor of whether or not you will be 90 days late on a loan obligation. Fair Isaac uses thousands of credit reports to calibrate the FICO scoring model and is very secretive of the exact formula.

Here is a percentage breakdown of a FICO score:

35% – Payment History
30% – Debt Ratio
15% – Length of Credit History
10% – Types of Credit
10% – Number of Credit Inquiries
Most people are aware of the three credit reporting agencies TransUnion, Equifax and Experian. The average difference in score between the highest and lowest of your three FICO scores is 60 points. This is the result of each of the credit bureaus having different items on their report. some correct, some incorrect and some that are not being reported in full compliance with credit law.

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Question by Jackstarks: How much credit line can OrchardBank sercured credit card offer me with BAD credit?
Man. My company ran out of buisness long time ago, and I need about 00 quick cash, but my credit is bad. After all research, the only option I have seems OrchardBank. How much credit line do they offer to someone with real bad credit under 520?

Best answer:

Answer by Alphageek
If they actually approve the application, I’d be surprised if they offered more than 0-0. That’s pretty much their limit on “low score” applicants.

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