Posted in Credit on 01/23/2010 12:48 am by admin
The-Mom asked:
My friend has a neighbor that used a credit card from a piece of paper with a person’s credit card info and charged about $150 worth of stuff.What will happen if they get caught?I am torn about whether I should report it.
CLAIR
Posted in Credit on 01/11/2010 04:52 am by admin
puppiesnmarshmellows asked:
I just did my credit report online, and my debt to credit ratio is 83%. I know what debt to income ratio is but when i googled it it told me that debt to credit is how much of your credit you have used up. Now i went back to my credit report and saw that my mortgage is 94%, my installment is 88% but my revolving is only 7%. On further look i saw that installment is just my car paymetn, and revolving is all my credit cards. I was under the impression that only credit cards were calculated in your debt to credit ratio. So when a lender looks at that am i being punished for my mortgage and my car payment? I mean 7% of my credit cards is pretty damn good. At least i thought it was. My debt to income ratio is only 36% and last i checked that was good too. I’m so confused when it comes to this stuff. I’m wanting a private student loan and now i’m worried i won’t get it. I have never missed a payment ever, everything paid on time and in good standing.
HUGO
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Tags: Car Payment, Credit Cards, Credit Ratio, Credit Report, Debt Ratio, Debt To Income Ratio, Mortgage, Private Student, Revolving Credit, Student Loan, Stuff
