Posts Tagged ‘Check My Credit’

When applying for a mortgage, what is better. pay down your credit card or have money in savings?

July 19th, 2010
DoUCWhatIC asked:


When it comes to them running a credit report to see if I get approved for a mortgage… I have $10K in debt and nothing in savings at this time (I’m investing $600/month towards my $6,000 down payment that will be required).
So… with my new pay increase im geting soon, which is better… I pay down my credit card by $1000 a month for three months and still have nothing in savings or is it better to pay down the credit card down by $500 and put $500 in savings (to show I have money in the bank) or… pay the minimum on my creditcard and have a lot of money in my savings by the time they check my credit???
I know the debt/savings is factored in so i’m trying to see what is the best option to get approved. Suggestions?

Sara
Posted in Personal Finance Tags: , , , , , , , , , , 1 Comment »

how can i check my credit report when i don’t have enough info to verify my identity?

September 8th, 2009
wanderin` wonderer asked:


this is something i have been slowly pulling my hair out for a couple of months over now. apparenlty there is the possiblity there is a loan out for a morgage 2003 in my name. i just turned 23. i can verify for the last three residents i lived in, my drivers license, banking info, birth certificate and social security. all of this was done over the phone and via fax machine which scares the hell out of me personally. i have checked with all three crediters to no avail. i can not get my report!!! ilive in georgia and i can damn well get one free report a year as legislation grants me from these dipwads

so if anyone has some advice, i am all ears, becuz at this point i dont know what to do. i cant file a police report or anything till i have this information, and then well… i can’t do anything…. so HeLp!!!
i dont think i am forgetting anything, and i am telling you everything but the actual content of information provided… for practical reasons. all three places tell me that there is an inacuracy (and there friggen isnt) or that there is not enough information in my report at this time to varify through the current channels i have been trying to utilize.

there is one of two reasons that:
1.) obviously, if there has been bad things going on with my identity then i am not going to be able to verify history on it.
2.) there really isnt enough information becuz i hardly ever use my formal i.d. to do anything that involves developing a credit history other than living. no credit cards, no outstanding bills in my name, i practically dont exsist for all senses and purposes.

thank you all, more informaiton is always good!!

Rodney

Posted in Credit Tags: , , , , , , , , , , , , , , 5 Comments »

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