Comments on: “What rate can I get with my credit score?” is now “Can I get any rate with my credit score?” http://www.videocreditscore.com/what-will-your-interest-rate-be-is-now-will-you-even-get-a-loan/ Mon, 26 Jul 2010 01:04:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Rob http://www.videocreditscore.com/what-will-your-interest-rate-be-is-now-will-you-even-get-a-loan/#comment-1194 Rob Sat, 05 Jun 2010 23:30:30 +0000 http://www.videocreditscore.com/?p=2696#comment-1194 my scores are 704, 673 & 637, I'm maxed out on my three mastercard/visa credit cards (total approx 28,000) and want to pay them down to 25%. I travel 80% of the time. Approx what would be the interest rate and monthly payment? Are the payments interest only with a balloon in three years or is it amortizing? Is this for real? Also I don't want to have any more inquiry hits on my credit reports. I applied for a couple of 0% cards to transfer the balances to reduce the rate and pay on the principal but was turned down. Obviously it showed hits on my report. When ya'll pull a credit report is it viewed as a finance company which lowers the score more. I've been self employed since 2002 and make betweem 80000 to 130000/year net. my scores are 704, 673 & 637, I’m maxed out on my three mastercard/visa credit cards (total approx 28,000) and want to pay them down to 25%. I travel 80% of the time. Approx what would be the interest rate and monthly payment? Are the payments interest only with a balloon in three years or is it amortizing? Is this for real? Also I don’t want to have any more inquiry hits on my credit reports. I applied for a couple of 0% cards to transfer the balances to reduce the rate and pay on the principal but was turned down. Obviously it showed hits on my report. When ya’ll pull a credit report is it viewed as a finance company which lowers the score more.
I’ve been self employed since 2002 and make betweem 80000 to 130000/year net.

]]> By: VideoCreditScore-Andy http://www.videocreditscore.com/what-will-your-interest-rate-be-is-now-will-you-even-get-a-loan/#comment-881 VideoCreditScore-Andy Tue, 07 Jul 2009 02:13:40 +0000 http://www.videocreditscore.com/?p=2696#comment-881 Hard to tell without seeing your report, but what is your <a href="http://www.videocreditscore.com/credit-utilization-ratios-explained/" rel="nofollow">credit utilization ratio</a>? It's rare for someone to have a score in the low sixes if they have paid everything on time and they have a credit utilization ratio of 20% but I suppose it's possible. Again, I'd have to see your report. Hard to tell without seeing your report, but what is your credit utilization ratio? It’s rare for someone to have a score in the low sixes if they have paid everything on time and they have a credit utilization ratio of 20% but I suppose it’s possible. Again, I’d have to see your report.

]]> By: AL http://www.videocreditscore.com/what-will-your-interest-rate-be-is-now-will-you-even-get-a-loan/#comment-866 AL Sat, 04 Jul 2009 23:26:04 +0000 http://www.videocreditscore.com/?p=2696#comment-866 I have 35 years of substaintial credit history- all types of loans and credit. Never ONCE did I have a late payment (more than thirty days). Recently, Chase and Sears were going to jack up the rates on their cards which i have and had a balance. I opted out, but this required that I close the accounts. I do have other loans out, including a MTG and two car loans and other cards, but I make good money (110,000K) and pay my bills. Now my credit score is 610! Is this fair ? I have 35 years of substaintial credit history- all types of loans and credit. Never ONCE did I have a late payment (more than thirty days). Recently, Chase and Sears were going to jack up the rates on their cards which i have and had a balance. I opted out, but this required that I close the accounts. I do have other loans out, including a MTG and two car loans and other cards, but I make good money (110,000K) and pay my bills.

Now my credit score is 610! Is this fair ?

]]> By: VideoCreditScore-Andy http://www.videocreditscore.com/what-will-your-interest-rate-be-is-now-will-you-even-get-a-loan/#comment-813 VideoCreditScore-Andy Mon, 22 Jun 2009 14:20:21 +0000 http://www.videocreditscore.com/?p=2696#comment-813 Thanks Nensi. Great feedback on the loans. How many or rather what % would you say has been in the 500s as of the last few months? Glad you like the site. As an ex-FICO exec, I felt compelled to further educate consumers in this important area. Feel free to use my videos on your site, they can be embedded quite easily. Andy Thanks Nensi. Great feedback on the loans. How many or rather what % would you say has been in the 500s as of the last few months?

Glad you like the site. As an ex-FICO exec, I felt compelled to further educate consumers in this important area. Feel free to use my videos on your site, they can be embedded quite easily.

Andy

]]> By: Nensi http://www.videocreditscore.com/what-will-your-interest-rate-be-is-now-will-you-even-get-a-loan/#comment-811 Nensi Mon, 22 Jun 2009 12:34:12 +0000 http://www.videocreditscore.com/?p=2696#comment-811 I am a mortgage broker and there are lenders that are doing FHA 96.5% purchases in the very low 500's. Granted, they are not simple, nor are they fast, but they are happening. More importantly, in my market, Virginia, I only have two lenders that are doing these loans and only one with a fair degree of reliability. I just found your site, and like it. I do a lot of work with my clients on their credit and know that useful sites are few and far between. Good job! I am a mortgage broker and there are lenders that are doing FHA 96.5% purchases in the very low 500’s. Granted, they are not simple, nor are they fast, but they are happening. More importantly, in my market, Virginia, I only have two lenders that are doing these loans and only one with a fair degree of reliability.

I just found your site, and like it. I do a lot of work with my clients on their credit and know that useful sites are few and far between. Good job!

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