Credit Questions and Answers

I pay my uncle's car with my checks is there a way i can report it on my credit ??




Answers: Keep all returned checks, When you try to buy your next car you can show them to the loan officer and will be able to forward them as prof of payments.
Not currently.

However, the on-time payments are helping your uncle's credit score and that is probably the best Xmas gift ever!

Happy New Year!

Can creditors come after other assets?

Co-signed on vehicle which is close to be reposessed by financer company. Besides getting a bad credit transcription what else happens?


Answers: nought, you loose your vehicle and your credit takes a hit...they will not get hold of your other assets though
they can sue you for the difference in what the auto sell at auction verse the match of the loan, and get a judgement
from their the option to collect are limited, but they cannot run for assests
They have approximately 3 - 5 years depending on your state. During this time they will be capable of place a judgment against you if they don't consistency they will be able to re-coop at hand money.

Does anyone enjoy a common notion of a credit gain needed to dig up a personal loan?

My credit score is a 629. Would that "fair" mark be high plenty to obtain a personal loan for at lease 2,000.00? The merely loan i have ever taken out at this point is a student loan.
Thanks!


Answers: yes you are within luck. the cutoff right now is exactly 610. dont tolerate it drop anymore and you will be fine.
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