I wanted to buy an apartment at the sametime, i have debt credit card 5000?
I am actually desperate buying a apartment and loan at 0000. Previously, i had 3 credit and i had settled debt for the 2 cards and left 1 card to settle at 00 which i did paid it slowly every month. Is there any possibilities that they will approved the my loan for the apartment. pls give an advice what way that i can loan and approve.
Taking a loan (yes every expenditure on credit card is a loan and has to be repaid with interest) and defaulting on repayments, doesn’t go well with credit card agencies. When they find that a default on repayment has taken place, they increase the APR’s, take back all rewards and slap late payment fees. This also doesn’t goes well with the credit rating agencies.
Credit card is there to help you in times of difficulties and it has to be used wisely to build the credit. If the credit card companies find that your credit card use is judicious, they will increase your credit limits, lower interest rates, throw in few more rewards etc. This will seriously help in building a good credit history. Read more from: http://www.credit-card-gallery.com/article/268,3_worst_student_credit_card_mistakes_that_cause_most_of_the_credit_card_debt
December 17th, 2009 at 9:28 amIf I were you, I would go to http://www.annualcreditreport.com and check out my credit report. Make sure that all of the information is correct and up to date. There are three agencies you will have to check, and it’s all free 1x per year. This will give you a good idea of what lenders are going to see when they check on your credit.
December 17th, 2009 at 9:28 am