Repair Credit Score

Posts Tagged ‘Credit Cards’

Question: Having a cosigner for a car loan with a really good credit gets you the best interest if your credit is fair?

I'm financing a car, and my Credit Score is fair or good I think (my FICO Score is 672) so I'm getting my dad as a cosigner (his fico is 742) to get a better interest rate. If I do that should the interest rate be the average of the interest rates we will get as if we were applying on our own? I've never missed payments or anything, but my credit history is not old enough yet. I'm getting a 2008 Honda Civic and after my down payment I'll borrow around 8k-9k, so my payments are in the range of 190 to 250 if I do it in 60 months, but I can pay off the car within a year. I only want to get a good reliable car that is good on gas plus I want to have a record of having a car financed.

Answer: Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carquotes.fateback.com

Why Knowing Your FICO® score Is So Important

Question: How can I find a list of good credit cards including their Credit Score requirements?

I want to find a good credit card with a 0% introductory rate, a low interest rate after the introductory period, and great customer support. I don't want to apply to too many banks because that in itself can affect credit scores; I'd like to know beforehand what their Credit Score requirements are - but that seems to be hard information to find. Thank you for any suggestions!

Answer: The sites below are excellent resources in terms of researching different credit cards and their approval criteria:

http://www.cardratings.com/

http://creditboards.com/forums/

Credit Cards, Credit Score & Credit : How to Compare Credit Cards

Are you getting many letters in the mail offerring your preapproved credit cards? Most people get at least one of these credit card offers a day! You can stop these prescreened credit offers coming to you by opting out of credit offers.

How to opt out of credit offers?

To opt out of prescreened credit offers, call 1-888-5 OPTOUT (1-888-567-8688). This number covers all credit bureaus.

What happens after I call and opt out of preapproved credit offers?

After you call and opt out of credit offers, you won't receive any more preapproved credit offers in the mail.

Should I opt out of receiving preapproved credit offers?

Most people would prefer to opt out of prescreened credit offers. These preapproved credit card offers often pile up as junk mail and you would be better off without them. If you are one of the very few people who like receiving preapproved credit offers in the mail, this may be part of your credit problem in the first place.