Alli asked:


My fiance and I got in a little disagreement a little while ago about how long collections stay on a credit report.

He says that after 7 years they will be removed from a persons credit report – whether they are paid or not.

I disagree with that. Why would collection agencies just “give up” trying to collect money from a person and take it off a persons credit report. It doesn’t make sense to me. If collection agencies just stopped trying to collect from a person after 7 years wouldn’t a lot of people not pay their bills because it will just go away after 7 years?

Can someone clarify this for me? Thanks!

spikebythesea asked:

There was an article in the newspaper recently that said that they are laying off 400 of the 1100 construction workers due to problems obtaining credit. The workers that were laid off were working inside the building. … revel casino atlantic city new jersey gambling lay off

Kimberly C asked:


I have an 18 month interest free (deferred) credit account from when I bought a computer. I am paying it off in chunks to be sure I will not have a balance when the 18 months is up. I plan on applying for a car loan within the next six months. Should I pay this balance off before applying for a loan?

teodora asked:


Is there a way to get a free credit report? I heard everyones entitled to 1 free report,state by state?

inger n asked:


Need info on how to raise credit score?

educationprojects asked:

Applying for a loan

julietta asked:


I know there is a government sponsored program that will provide free credit reports from all three reporting agencies once a year. Does anyone know the specific web site to obtain these or a phone number to call?

JasonXiao asked:


Hello Yahoo community,

I was wondering if there is anyway for a person under 18 but has 2 jobs and is very determined about his future and would like to achieve a good credit score by starting as soon as possible to obtain a credit card that is not co-signed?

He’s a young man and is very diligent about his life economically.

Thanks for any reply and links perhaps to application / organization would be much appreciated!
Would Co-Signed Credit Card still help his credit score?

Sergio asked:


I don’t see a phone number on the credit report for the collection agency. What’s a best way to contact them?

Applying for any type of loan or mortgage can be quite daunting as it may involve a personal visit and interview with your local bank manager. This usually involves many detailed and difficult questions about your finances. If you wish to avoid all this, then apply for a bank loan online. Here are some tip which can help you get the best deal on a loan online.

Before you apply for a loan, you need to know your credit score. Get copies of your credit scores from the three major credit bureaus so you will know if you are likely to get the loan approved. If the reports have errors, have them corrected. This can be a huge help in qualifying for a loan and getting a low interest rate.

Know what kind of loan best suits your need before applying. You can do research on the internet for information on the types of loans on offer or you can contact your local broker.

Do your research before you apply for bank loan to find the best deal. Look for as many lenders as you can. The internet will save you time as you can check out many lenders with just a few mouse clicks. Remember to also check rates and terms with the offline banks.

Know what terms you are being offered. Low interest rates are important but the actual monthly repayments on the loan are the most important. Compare actual monthly repayments when you are comparing loan offers. Also take into account the term of the loan and any additional fees.

Finally, check the fine print of the loan agreement for any additional penalties or charges, such as charges for early repayment of the loan. Make sure you can afford the monthly repayments on the loan. Consider taking out income protection insurance in case you become ill or loose your job and are unable to repay the loan.

By: N Hynes

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