I allowed my husband to verbs my credit? How to fix? Avoid the hi interest & fees of loans at this ranking?
I am married 24 yrs to a man who doesnt take responsibility for anything. Four yrs ago, I reach my limit. (admittedly a slow learner--thats another post lol). The short journal is we put all the debt contained by my name. He give me part of his check. I confronted him (I wear the kids frail boots and he owns a 4 wheeler & full winter gear for ex). I work overtime, he takes seasonal layoff per annum. He said I was basically too dumb to budget properly & took over payments. I gave my check over. When he started to jump down behind I talk with him but I didn't conflict thinking he deserved a chance and time to revise. He saw that as betrayal and started hiding things from me. In 4 yrs, we are now head for divorce and financial ruin. My credit rating is shot. I have 20 years not one missed settlement and 4 yrs of hell on the report. I cant even get an apt approved. I didn't clear this mess...what can I do? He cashed our retirement accts & racked up more debt. He walks near good credit...back.Answers: You are late surrounded by getting rid of the bum. Unfortunately your debt and credit history are joint. Get the divorce and start over. There is no other choice at this point.
Get a legal representative for the divorce and find out if he stashed money away in different bank or overseas.
Auto financing through dealerships??
I have poor credit, and the lone way I am competent to finance a coup¨¦ is through the dealership. Does having poor credit propose that I have to remuneration the asking price for the car or am I still competent to talk them down within price?Answers: Auto finance is what I do for a living and your credit win most certainly does own a lot to do next to the price.
If you fall into whats call Special Finance the prices are set by the lenders guidelines not the dealership and there is no negotiate.
You can negotiate the price.
But if you are using the dealer for financing, do not drive that vehicle sour their lot till the loan is fully approved. Often you sign paperwork for a decent interest rate. You drive past its sell-by date and later the provider calls you posterior because the financing didn't go thru. You enjoy to sign new paperwork -- more down, superior interest, bigger payment.
You should verbs to negotiate the buying price. Some car purveyor will want to give you a traffic.
Keep in mind that the hawker will make the majority of his profit on the financing and not on the public sale.
The interest rate is more important. You may be paying over 10% interest while polite creditors are only paying 5%.
How can my money work for me?
Answers: Loan your money to people, and they pay you interest. I've been doing this for nearly a year, and am getting 7%-11%pa return. I use a company called Zopa who handle all the legal stuff. You choose your lending criteria (interest rates, duration of the loan, etc.) and if it matches the criteria set by the borrowers, then the money is lent out. All the borrowers have good credit ratings, and your money is spread over a large number of borrowers, so the risk is minimised.
If you apply via this link:
http://www.zopa.com/member/The%20Hulk
you get an introductory offer of £30 free when you lend more than £500, or if you borrow any amount.
ING is offering a nice 6% on saving for the first 12 months at the moment and no laughing offer with maximum "£200 at 6% and then 0.1%
They are offering 6% for I believe up to £250 000 for the first 12 months.
Thereafter you can switch to their websaver which has an interest of 5.5%.
You can move your money whenever you want.
Stay away from credit cards and car loans.
Don't borrow money and pay interest. Save your money and make interest.
Your income is your most valuable wealth building tool. If you have it tied up in car payments and credit card payments you will never get ahead finacially.
Take a look at www.finysis.net. They have a free investment course and sell some excellent (and cheap) e-books / software.