Question by something: Is a credit score of 590 considered horrible for a 20 year old.?
Ok, I’ve had credit for two years. I have a secured card (1 K limit) and a rewards card (2K limit). I also got a two loans when i got into college for 3 K. Ive had a job for the last 2 years earning about 10K each year working about part time. The 3K loan was actually a 2k and 1 k loan. Ive been making interest payments on both for 2 years and eliminated the 1k and have about 700 left on the 2K (payments werent technically due until another 2.5 years). The secured card i use for everyday purchases, making sure i dont use more than $ 300 dollars a month (30% but i reallistically use about 150 or 15%). i use the 2k card monthly to pay bills online (bills are usually $ 300 for loan repayment and big school related purchases) so i have another line of credit history. am i doing something wrong, using too much credit. i know i have a horrible score, how do i improve it?
P.S. I am actually a full time college student
Best answer:
Answer by ibu guru
Your income is pathetic (probably because you are only working part-time) and your debt loads are very high (those student loans). If you are paying everything on time, that helps build your credit. But what will really help is getting more income (more hours), and paying off those loans in full.
If you are still in school and working part-time, focus on doing excellent school work (so you can get a decent job once you graduate), and make sure you pay every bill on time. Your score will go up in time. If you are out of school, get to work and pay off those debts as fast as possible!
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Question by trashelle_miro: how long to improve credit score to 760 or above?
My credit score is 662. I have around $ 7,000 in credit card debt, which can be paid in 5-6 months. My husband’s car will be paid off in a couple of months. I just purchased an used Audi, which will be our only debt. How long will it take to improve my score to 760 or above in order to buy a house in March?
Best answer:
Answer by karenmbs
You credit will improve drastically when the $ 7000 in credit card bills are paid. Your score will probably raise anywhere from 80 to 100 points. I think you will be fine buying a house. Good luck and God Bless!
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Question by Lars: I have a 590 credit score and need to raise it in order to get a refi on house,whats the fastest way to do it?
Need to refinance by May, otherwise my payments go up $ 500. Is there a chance I can refinance at a lower rate and whats the fastest, easiest way to boost a credit score?
Best answer:
Answer by GG
quickly pay off some existing debt
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Question by djofir4u: Will adding my spouse as an authorized user on my credit cards raise our FICO credit score?
What I want to know is whether adding my spouse to my credit cards and her adding me to her credit cards increase our FICO scores? We both never missed a payment and were always on time to all of our credit cards. Thank you for your help.
Best answer:
Answer by britgirl
It actually may lower it. The more available unsecured limit for spending, the lower your score.
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Question by Chris A: Where can I find a 95% stated mortgage loan with a 660 credit score for purchase?
660, purch, stated or bank statements, self employed, 95ltv o/o
Best answer:
Answer by reality
No, you can’t, only full doc, FHA with 5% down.
Good Luck!
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Question by debr: loan with a 660 experian credit score. I need a lender that only pulls the experian credit score.?
I am looking for a credit card or personal loan, I need a lender that only pulls the experian credit score since this is my highest of all 3 scores- 660, I am looking for no less than $ 10,000 in the form of a loan or credit card to consolidate some bills. Who should I go to?
Best answer:
Answer by beachlover
when a lender looks at credit they they all take the middle score not the high or the low the middle figure yout how you can raise your middle score
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Question by david m: Which credit card offers the highest limit for someone with credit score 650-699?
I am trying to raise my credit score by spending low on a credit card with a high limit. I currenty have a 652 credit score. Which card would offer the best chance to raise my credit this way?
Best answer:
Answer by wcome2myworld
VISA
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Question by No one in particular: Is a 660 Credit Score good enough to qualify for current car lease offers?
I am looking at Mazda and Hyundai.
Best answer:
Answer by whocares
its borderline. if so, you certainly wouldn’t get the best rate, you might be approved at a materially higher rate.
Rethink leasing. (Fleecing). Its a very bad idea for 98+% of people.
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Question by SUVCURIOUS: I have a 630 credit score. What kind of interest reate can I expect to get for a new auto purchase/lease?
I’m looking to lease/buy a BMW X3. Which is the best way to go for me? MSRP is approx 40k. Thanks!
Best answer:
Answer by drtestprep
First, don’t lease a car if you are the type who puts on more than 12K miles a year or who likes to put “extras” on his car. The over charges will kill you. And after three years you will have nothing to show for your lease payments but a large dent in your bank account.
As for your interest rate, a 630 score shows some problems in the past. Perhaps a bankruptcy 7 years or so ago or some late payments. With a 630 the average BMW dealership–if you can get them to give you credit to begin with–will charge you upwards of 12% a year. Even if you could refinance through another company, 9.9% will be about the lowest you can expect. If you put 10K down, that comes out to a 5-year payment (if you buy) of around 700/month. On a 3-year lease, it would run around 550 / month. If you put less down, well, you will be close to $ 1000 a month.
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Question by JJ: Who should i talk to about getting a 50 loan with a 660 credit score?
I tried at wells fargo bank and they said my credit card balances were too high. is there a lender that will actually finance me.
Best answer:
Answer by Mr Goodhi ©
Credt union?
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Question by b_j_sanchez: How much and how fast will my credit score improve?
I had 6 cards and I am paying all of them off only 1 still has a balance and I am almost done. I closed 2 of them because I figured 6 was way too many. But I have also heard not to close your credit cards when you pay them off. Any advice what I should do with the 4 remaining ones? Close 1-2 more or leave them all?
As I pay them off how fast and how much can I expect to see my score improve? It’s currently around a 590 and I don’t know why it’s so low I was only late once or twice and never more than 30 days. I’ve been working in paying them off for a while now and haven’t seen it go up at all.. what gives?
Best answer:
Answer by Joseph, II
Keep the REST of your Cards Open (but without a Balance); make SURE you’re paying everything ELSE on time…- & try to be Pacient. Credit scores do NOT go up- overnight… If you can get a 100 point Improvement by this time NEXT Year- you’ll be doing ok… But be FOREWARNED; ANY mess-ups on YOUR part- will cost You MONTHS on repairing your Credit Score (if not Years…). Credit is aLOT easier to LOSE- than to get Back… 
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Question by Becka: Has the national credit score average gotten worse since the economy crisis?
Just curious….everyday you hear about banks and big companies going bankrupt, and people losing jobs…so I was wondering if as a “whole” the U.S seen a drop in average credit scores since the economy has been rough.
Best answer:
Answer by stan c
When people lose their jobs, it will effect their credit score since they no longer have the funds to pay their accounts on time.
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Question by s1sm00n: What is the best way to improve credit score if I have no credit?
I am debt free and have been since my bankruptcy over 12 years ago. I recently looked into getting a mortgage, but was told I can’t get one because my credit score is too low. I went on freecreditreport.com and got a copy and there are some things on there that are not identified, and I don’t know what they are. So, how do I have those removed? I am assuming that will improve my credit score so I can get a mortgage. Advice is appreciated!
Best answer:
Answer by Rae♥♥ NYPD
Purchasing things that would take months to pay.
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Question by mrsmoultrey: If using consulting service to improve credit score and eliminate debt, when should I buy a car?
I am currently without a car and am now using a consulting service to improve my credit score as well as eliminate my debt and I would like to know when should I buy a car? Should i wait a couple of months? Four months?
Best answer:
Answer by StephenWeinstein
I know of no cases in which this type of “service” has been successful. You should wait at least 7 years, so that your score can recover from the damage that this service is likely to do.
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Question by ebonyqueen_d: Will I be able to get an apartment with a 650 credit score?
I just check my credit score. Thought i was in good standing but obviously not. I am trying to get an apartment soon, and wanted the truth on if I will even be able to get one. I want the truth yall…no sugar coating. Keep in mind the apartment is not real high class, but its decent though. I just wanna know that I am not wasting my time.
Best answer:
Answer by ♥
yes and that is a good credit score
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