Chelsea B asked:


We are filing a Chapter 7 bankruptcy, and it is due to be discharged by May. How long after that can we finance a car for a decent rate?

Mariana

Angelina Ballerina asked:


We are a young business designing and building garden rooms. We lose customers who love our buildings because we don’t provide finance. I’ve googled, but companies offering us finance come up. Is there anyone out there who had done this recently for their business, or are you a company which provides this service.
Many thanks for helpful replies.

Elvira

Peter Emerson asked:




In the United States, legislation in the form of the Fair Credit Reporting Act (FCRA) requires the three nationwide consumer reporting companies (Equifax, Experian, and TransUnion) to provide you with free credit reports once every twelve months. Credit reports are documents that contain information as to your credit worthiness by providing information categorized under four categories.

These four categories include your identifying information (name, address, date of birth, social security number, etc.); your credit information (your banks, credit cards, and other lenders); your public record information (reported bankruptcies if any, tax liens, and monetary judgments); and new debts that you have incurred. The credit report will also include a credit score, which is a three-digit number that may determine your credit worthiness. A high score can mean lower interest rates and better terms. This score is calculated based on the data that is in your credit reports and is provided to your potential creditors. This information is very helpful to those who are applying for loans from different lending institutions because this document can serve as an easy way to prove credit worthiness.

To access these companies, you can go directly to a website that has been developed by all three organizations (www.annualcreditreport.com), call a hotline number 1-877-8228, or send mail to Annual Credit Report Service, P.O. Box 105281, Atlanta, Georgia, GA 303-5281.

If you visit the website, after completing the necessary forms and providing the right information, you can expect to receive your credit report immediately; on the other hand, it will take up to fifteen days for you to receive your credit repot if you requested it through the mail. Having a system that gives access to your credit reports is a good step in making loan application processing less arduous and more practical.

Cleo

ana kainz asked:


Should I buy a car which is categorized as a finance repossession?

I checked this preowned car, and AA said there is an existing finance agreement against the car, which is a hire purchase.

I told the dealer, and he said this is a finance repossession. He said the finance company has cleared the car.

Obviously I will speak directly to the finance company. But do you think it is advisable to buy this type of car? It is a Nissan Almera, so quality-speaking, it should be good.

Norma

The Chief asked:


I wanted to start studying for my major in college which is finance and I was just wondering exactly what type of math do businessmen use in the field of finance and economics?

Terrence

Elle Reese asked:




Who knew apartments required good credit before giving you a lease? Many unsuspecting bad-credit-applicants have realized this fact the hard way. I know I did.

Why do apartments do credit checks anyway?

Turns out apartments view a lease as a loan. If you’re seeking a 12-month lease on an apartment that’s $800 a month, you’re essentially taking out a $9600 loan that you repay over a period of a year. If you’re late, you’ll get a late fee. If you’re too late, they’ll repossess the apartment. So in that sense, I guess it is a loan.

Just like a loan from a bank, you must have a pretty decent credit score if you want to get approved for most apartments. Without that score, you’ll have to fork up the cash to pay for the apartment, get someone credit worthy (and often a property owner) to co-sign, or you’ll have to look elsewhere. Looking elsewhere is the only option for most people with bad credit.

If you want to rent with bad credit, you’ll have to find a no credit check apartment.

Anyone who’s been apartment hunting using those free guides you pick up from the gas station and Wal-Mart knows no credit check apartments aren’t easy to be found. A Google search for “no credit check apartments” returns over 1 million results. Few of them are actually websites of places that will give you an apartment without a credit check. That’s because finding apartments that don’t do credit checks is a little tough, as you’ve probably already seen. People who own no credit check apartments don’t do much advertising and they certainly don’t advertise in the glossy pages of apartment books.

Here are some things to keep in mind as you look for an apartment that doesn’t do credit checks.

No credit check apartments are typically owned by individual landlords rather than a large property management company. Individual landlords often own one or two properties. So based on the number tenants they have, it’s often not worth it to do a credit check. Large apartment complexes almost always do credit checks. The way they see it, they can’t afford to lose money on a non-paying tenant, so they do their due diligence upfront to prevent that from happening. Apartments with lots of amenities are typically owned by large property management companies and are more likely to check your credit. So, if you have bad credit, stay away from the apartments with pools and workout rooms. An individually-owned condo or townhouse probably won’t require a credit check, especially if it’s newer. Chances are the owner hasn’t been through many tenants and probably hasn’t had a tenant skip out on the rent, so they don’t have much reason to do credit checks.

No credit check apartments are out there. Use some of these clues to weed out apartments. Look for an individual who owns an apartment rather than a large company. That’s your best bet for getting into an apartment with bad credit.

Leola

Terry Glass asked:




When employed you are in a position to source personal loans and even a mortgage loans to purchase your home. A few credit cards are sourced as well to enjoy a lifestyle you soon become accustomed to. Now what happens when you become unemployed, you still have to survive and repay your debts.

Obtaining a fast loan for the unemployed depends mainly on your circumstances. These range from short term unemployment, seasonal unemployment or permanent unemployment. Also take into consideration what assets you own such as a vehicle, boat, caravan or motorcycle and if you are buying your home.

Should you have assets that would cover the amount of unemployment loan you have applied for then your chances of success in obtaining approval from a financial lender will be higher. The financial lender will look at the amount of loan compared to the total amount of your assets should they need to be sold to repay the loan. This will only happen if you default on the loan repayments.

The financial lender will need full documentation from you to make sure that you can survive from day to day and have enough cash over to service the repayments of the unemployment loan. Basically the lender will look at your ability to pay and also will they get their money back if you defaulted on your loan repayments.

Many unemployed people who need small sums of money often apply for a no credit history check low interest credit card. Credit card merchants provide these types of credit cards knowing there is a large market and demand for such a card. By taking out a credit card you must remember to make the repayments on time if not pay off more then the minimal repayment.

By sourcing a unemployment loan or a low interest credit card it is imperative that you make the repayments. With a credit card treat it as a line of credit and manage your debt wisely.

Many money lenders have a website where they have the requirements of a loan or credit card as well as a calculator. By using the calculators, free by the way, you are then in a position to see what your repayment rate will be, the interest rate and the length of the repayment schedule. Once you have this information you can then decide on which lender you will make an application to and possibly increase your chances for a successful application.

Wilda

X-Malleus asked:


Pretty much exactly what the main question says. I have no idea what a “finance charge” is. For instance, would I be charged a finance charge if I charged a purchase, and then paid the balance immediately?

Any additional information that could be given would be great, as I’m considering getting my first credit card, and want to know everything I can so that I don’t get myself into trouble.

Yvette

John F Smith asked:




Finding a business credit card with no personal credit is tricky because you will need to consider a number of things. For the most part, you need to have a satisfactory level of credit scores from at least three credit reporting agencies. In order for you accomplish the first step is to search for credit card companies and dealers that can offer you even a small credit without the use of your personal credit as basis.

After you have found credit card companies and dealers, you have to make sure that each should present a business payment history to the credit bureaus. Because by reporting to these bureaus, you are slowly establishing credit scores. So, your company should at least be registered on three different credit bureaus. And after that, you must complete the requirements needed for the basic lender approval or everything will go to waste.

Completing the basic lender approval requirements is easy by simply presenting a business license or a phone line. If you are unable to present these simple requirements, your application to get a business credit card with no personal credit will be declined.

Before your business credit card with no personal credit gets approved, you have to maintain a good business credit and make sure that your business and accounts are all right and in order. You also have to fill out a form of assets collateral coverage. But before you apply, ask your lender first about the application to make things easier for you. Once you have everything all set, you might soon find yourself holding your long-awaited business credit card.

Rodney

Grasy George asked:




Simply, credit card is a way and means of transacting fast cash. To get a credit card is very easy nowadays because of the increasing demands and growing in the number of credit companies. You can even take out no credit check credit card. It is taken to restore financial report. People apply for such a credit card chiefly after having gone through bankruptcy or after any poor credit problem.

Scores of different credit card plans are offered by a number of companies claiming to grant these cards risk free. The reason behind this is that the account holders deposit their funds on these cards before they may use them. It is just like transacting money in from your checking account.

Some companies offer their services with the membership charges. Requirements for this service include being a minimum age of 18 years, a permanent resident of the UK with a healthy saving account. While there are some other companies which offer their services on the basis of your payroll, royalties, commissions, etc. Based on the provided information, the processing of credit card is started. You receive a confirmation after that. Many things even depend on the amount you deposit in no credit check credit card. If applicants visit different websites, you will find different credit card charges. On every of your deposits there is a charge. So, you need to work out over them before you take a hasty decision.

Lenders in quarters are out there in the money market. You can tame them even online. Online tool is simple convenient way of loan accessing. It helps you cut the cost of you monthly service charges. Credit card is now the preferred payment method. Not only is it accepted anywhere at grocery store, retail market, but also at any fast food restaurant. Though no credit check credit card seems good to the card holder but in fact living in your financial reach is always considered good. But if any such a situation yet erupts, no credit check credit card has everything to do for you. You will greatly help yourself if you take some time in doing research and make a wise financial decision.

Laura