Iv been battling this car loan late payment with Ally financial for a year now. Iv called and sent dispute/forgiveness letters to Ally trying to get the 30 days late payment removed but they wont budge. I've always paid a lil more then what's due. Because of Covid I looked up the Fair credit act to see if there's protections for us from having negative marks on our credit during the pandemic but still no luck for me. Does anyone have any suggestion for me this is my only late payment.
I tried a 100 day trial for a mattress and didn't relies I was basically taking out a small loan. Before the trial ended I refunded the mattress and they gave me back my money and now I have a closed installment account on my report. All my payments where on time I just want to remove the closed account from my Experian credit report. My original dispute was rejected does anyone have any suggestions?
After many years, I’ve managed to reach achieve zero credit card debt (student loans are another matter but, these days, I’ll take any victory I can come by).
I have two credit cards from Citi. Both are the same “sponsor”, but one is a higher level and affords more rewards (gold vs platinum). Neither card has a balance, however, the lower tiered card has a higher limit. As I’m in now the practice of paying balances in-full each month, the credit limit is only a consideration insofaras its negative effect on my FICO score if I were to close it. It would lower my total available credit, and it is an older account (~10 years).
Should I just keep it open in perpetuity, occasionally using it for a small purchase to keep it active? Should I close it and deal with the credit score hit? Has anyone heard of a credit card company “consolidating” two cards? Is there another option I haven’t thought of?
My instincts tell me that the first option may be best, as I’d like to apply for a mortgage within the next few years.
Any thoughtful advice would be appreciated!
My mother recently sold her house and I am trying to help her figure out what debts to pay off, which to try and settle for less, and which to not bother with now or at all.
She is looking to get another property (maybe a 15yr fixed mortgage?) and so far has a credit rating of 716, but according to the report I see the bank payoffs after the sale of the house have not been reported. These payoffs came out to about 95K. Her husband died and much of the debt is under his name, however I think due to the state she lives in, the debt is considered hers as well? The debt under his name does not show up on her report.
After the sale, she has about 115K to work with, but with these remaining debts:
a private loan for 10K, no interest
~4000K owed to plumbing company for repairs
credit cards: ~11K in her name on 3 cards, ~1500K in husband's
~1200K owed to hospital
All of the above was her now passed husband's except the 3 credit cards mentioned. In order for her to successfully purchase a new home, get rid of as much debt as possible, but still try and have something saved for emergencies or to use otherwise, what would you suggest?
Is it worth seeking paid professional advice? Is there a better place to post this?
Thanks for any and all help.