Living Well with Bad Credit: Buy a House, Start a Business, and Even Take a Vacation – No Matter How Low Your Credit Score Reviews
Living Well with Bad Credit: Buy a House, Start a Business, and Even Take a Vacation – No Matter How Low Your Credit Score
- ISBN13: 9780757313585
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
If bad credit has happened to you, there is something you can do about it
Feeling broke and battered? We know the feeling—heck, everyone knows it. According to the Wall Street Journal, 110 million Americans have bad credit—almost 50% of the adult population. But we don’t have to be depressed or discouraged about it. There is life after bad credit. In fact, there’s even life during bad credit.
Living Well with Bad Credit is the right help at the right time. If you’re bravely soldiering on despite your finances going south, this informative book is for you. It puts the emphasis on living with bad credit—and living well. Veteran journalist Geoff Williams (AOL’ s personal finance blog WalletPop, CNNMoney.com, Bankrate.com) and media powerhouse Chris Balish, an Emmy Award-winning broadcast journalist and author (Living Well Without a Car), have teamed up to bring readers:
• Usable tips on how to embrace, and even benefit from, a low credit score
• Invaluable advice for dealing with ‘lifestyle’ events such as how to buy a car or qualify for a credit card with bad credit
• Interviews with dozens of experts and successful professionals who share ideas on how to live with the negative effects of bad credit
• Practical discussion on topics that go beyond finance, such as healing self-esteem and building relationships in spite of bad credit
While bad credit can be a setback, it doesn’t have to be a roadblock. This expert guide is just the ticket to a better life once again
List Price: $ 12.95
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How long does it take to get “established credit”?
Question by merciless_megan: How long does it take to get “established credit”?
I have tried to get financed for a car, but can’t because I have no established credit. So I thought it would be a good idea to get a basic credit card and just use it to build my credit. By doing this, how long would it take to get “established” credit, so I would at least have some sort of credit on my credit report? How long does it take to get good credit?
Best answer:
Answer by bdancer222
Use the credit card and pay the balance in full every month. Do not carry balances. There is absolutely no extra advantage to carry balances and making small payments. It does nothing extra for your credit. It just costs interest.
You have to use that new credit card for at least 6 months before it even counts in your FICO score. In a year, you might have a fair score, but still a very limited history and still not qualify for a car loan with good rates. It takes time to build good credit.
You will have better luck getting a car loan if you have a large down payment. Also, you might check into joining a credit union. You can usually get better rates and they are more likely to extend a loan to someone with limited credit history.
Know better? Leave your own answer in the comments!
Categories: Credit Score Questions Tags: Credit, established, long, Take
Restoring Your Good Credit: 101 Ways To Take Back Control of Your Credit And Get Your Financial Life Back On Track
Restoring Your Good Credit: 101 Ways To Take Back Control of Your Credit And Get Your Financial Life Back On Track
It’s Your Money, So Why Aren’t You In Charge? Bad Credit Putting A Crimp In Your Finances? It Doesn’t Have To Be This Way! Credit is a simple word, just six letters, but it controls your financial opportunities. How do you get good credit? Once you have it, how do you hold onto it? If your credit’s not as good as you’d like, you can restore it. Managing your credit is no different than managing the rest of your finances. It’s about controlling your money rather than allowing it to control you. It doesn’t matter if you’re looking for that first credit card or you’re climbing out of a difficult financial situation and looking to rebuild your credit … Restoring Your Good Credit provides the solutions to get you quickly on your way. Once you’re in the driver’s seat, you’ll be blown away with how simple it can be to reclaim your good credit. Most people know they should be managing their money better than they are … they just aren’t sure quite how to go about it. It doesn’t matter if you want to rebuild your credit or pay down your debt, nothing will happen until you take that first step. So get started the smart way … before another year disappears and your situation hasn’t changed … Restoring Your Good Credit Inside these pages, you’ll discover: – Which creditors you should pay first – When to pay your bills – If and when you should communicate with your lenders – Which credit cards to pay down first – If lowering your credit limit is the right thing to do – The dangers of introductory rates – The difference between a secured card and a prepaid card – What bankruptcy can’t do for you – What to guard against if you use a credit counselor – Why you need multiple bank accounts – And much more!
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How long does it take to get your credit score up after you file for bankruptcy?
Question by Unknown12: How long does it take to get your credit score up after you file for bankruptcy ?
Someone I know recently filed for bankruptcy not even a year ago. And she throws it in my face that her credit score is higher than mine and that she can get a house and I can’t. I don’t have anything wrong with my credit score and never filed for bankruptcy I just have a couple credit cards. Really how long does it take to increase your score? And don’t banks look down on people that file?
Best answer:
Answer by The Great Gazoo
bankruptcy lasts for 7 years after that you can try to rebuild credit
Answer by Good Credit Scores
Realistically, it just doesn’t matter what her credit score is. With a recent bankruptcy there’s no way a lender will give her the money for a house. And, if for some reason they do decide to provide a loan, they would jack up the interest rate to cover their risk.
Add your own answer in the comments!
How long will credit score take to return to normal after opening a new credit card?
Question by Jared: How long will credit score take to return to normal after opening a new credit card?
I recently opened a new credit card and noticed that my fico score plumetted 50 points after doing so. How long will it take for credit score to get over the fact that I opened a new account and regain those 50 points?
Best answer:
Answer by chic_chic1989
1. How many credit cards did you open within the past 12 months? If you open 2-3 cards in a year, this flags you as a “high risk” for lenders.
2. Have you checked your credit report? Are you sure you’re not missing any payments? This also could lower your score.
I would suggest for you to check your credit report and see what’s going on. It’s weird that your score went down for 50 points after opening a card. There are a lot of factors to determine how long and how much your score will go up so it’s hard to tell. As long as you keep your cc balance low, your score will go up little by little.
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