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jbarto65
Joined: 04 Nov 2007
Posts: 625
0.17 Dollars($)
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| Well, I would not think that it would be a very enjoyable job, can you imagine going to work everyday, doing a job that you have to call people everyday and get on them about past debt. You would hear all types of stories, from people who do not genuinely feel they owe the debt or those who know they owe it and chose not to pay it. I think that dealing with people who owe debt would be a heart wretching and/or frustrating experience, just a job that I would not want to do. I guess someone has to do it, thank god it is not me. |
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fireyone_02
Joined: 20 Mar 2008
Posts: 281
2.17 Dollars($)
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| I agree but I also think they get ruthless people in their offices too. Life is full of those people and when everything is going well it is easy to deal with them but when your down and out it sure doesn't help. I don't like dealing with most of these people. Hopefully everyone keeps good records becasuse I have heard of junk collectors trying to recollect on a paid debt. |
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fireyone_02
Joined: 20 Mar 2008
Posts: 281
2.17 Dollars($)
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| I cashed out a little while back. why is my money showing in the negative? |
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noname
Guest
0.10 Dollars($)
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Post subject: Mortgage late effect on credit score and credit card rates |
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| We now have a late on our our mortgage. How will this effect our credit score and will our credit card company's raise our rate because of this? |
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Niicss
Joined: 03 Oct 2005
Posts: 2579
Location: New Jersey
402.93 Dollars($)
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Hi noname,
If a late payment is reported by the lender to the credit bureaus, then it will affect your credit score by about 50 points. If it is not reported, then you don't have to worry.
Thanks.
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Good is the Enemy of Great. |
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peabrain
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Post subject: credit score |
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| i have recently applied for a job as a self employed loan collector what will they look for in my credit score |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1754
Location: MICHIGAN
260.24 Dollars($)
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Hi peabrain,
If you want to take a loan, the lender will look not only at your credit score but your entire credit history. If you have a credit score in the 700's, it will be easier for you to get a loan. Apart from this, the lender will also look into your credit report. If your credit report has late payments, collections or unpaid liens, it will become difficult for you to get a loan. If there is no adverse information on your credit report, getting a loan will be easier for you.
Thanks,
Jerry |
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jamesrobinson1955
Joined: 05 Jan 2009
Posts: 1
1.23 Dollars($)
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Post subject: Vantage vs FICO |
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Do you see the Vantage scoring model replacing the FICO model any time soon?
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580 Credit Score |
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Guest
0.10 Dollars($)
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| The FICO score will prevail for some more time. I don't think the new Vantage Score model will replace the FICO score so easily. Moreover the lenders and the borrowers will get confused with the sudden introduction of the VantageScore. |
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bad shape
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Post subject: credit score |
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| I have a very low score with 1 foreclosure and 1 120 day past due credit card. If I get either cought up how quickly and how much will my score rise |
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jameshogg
Joined: 20 Dec 2005
Posts: 4189
Location: nevada
492.91 Dollars($)
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Hi Guest,
It will take some time to improve your credit score. Though you catch up on your payments, the credit score will not improve immediately.
Thanks |
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manoj_gopale
Joined: 16 Feb 2009
Posts: 478
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| Quote: | | Well, I would not think that it would be a very enjoyable job, can you imagine going to work everyday, doing a job that you have to call people everyday and get on them about past debt. You would hear all types of stories, from people who do not genuinely feel they owe the debt or those who know they owe it and chose not to pay it. I think that dealing with people who owe debt would be a heart wretching and/or frustrating experience, just a job that I would not want to do. I guess someone has to do it, thank god it is not me. |
but i suppose there are some people who do have a will to pay back the amount they owe but due to adverse conditions they are lacking behind.In this condition i would really like to help it out for those guys.
I have a really good experience with those who have a genuine desire to pay back the money they owe.
One lady had taken $ 500 from me.I followed it for some time, but i could not get the money as she was not having anything.I had helped her without a second thought for her child's education fee.She remembered that.After 3 yrs she called me on her own and then paid my principle.
I was shocked to know that still she had remembered the debt she owed.So when you see the sincere attempt you surely get the conviction that one must help those who are really going through the tough situation.
i have purposely not mentioned anything about scammers because they are not worth discussing.  |
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Marilyn
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Post subject: Present Status on Credit Reports |
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| What does the ratings of R, M, or I with numerical numbers (i.e., 1, 2, etc.) mean? I. e. numerical numbers from 1, 2, etc.) |
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smithsussane
Joined: 18 Sep 2008
Posts: 3627
Location: Alaska
541.91 Dollars($)
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Hi Marilyn!
Welcome to the forums!
As far as I know, O refers to open; R refers to revolving and I refers to installment in your credit report.
Sussane |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7129
Location: bloomfield, ct
18.93 Dollars($)
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marilyn, O does refer to open-ended type of credit - one in which you have a balance due that must be paid in full once you are billed. sussane hit the spot with the other identifications.
as for the numerical portion...1 means you are paying on-time, in an as agreed fashion; 2 reflects 30-days late; 3 is 60 days late; 4 90 days late; 5 is 120 or more days late; 8 is a repossession or foreclosure action; and 9 is a collection/charge off.
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George M. Akerley
Loan Consultant
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