How can i start a debit card?

i%26#039;m really considering getting a debit card. probably from my bank. i guess it would be like checks but without the paper. i would mostly use it for online purchasing. my highest priority would be a new computer. i doubt my dad would let me use his credit card or use my moms since he pays for it all. i would even offer to pay them back if they did. i already have a savings and i would prefer not to take out all the needed money for a new computer. my brother was able to open a debit card and he%26#039;s 17. i%26#039;m 22 so i dont see where i would have a problem with signing papers or anything. how would i go about doing this? what do i need to ask the bank? i deal with huntington banks if anyone wants to know.

How can i start a debit card?credit card debt

Just go into the bank and tell the greeter you need a debit card they will set you up with the right person.You will need a picture ID and proof of your address ,such as a bill in your name or a piece of mail addressed to you.You may need to open a checking account-The card comes as part of the account.You will also get the checks unless you specify you don%26#039;t want them.The card only allows you to spend what is in the checking account.You may be able to get one that is directly attached to your savings account and not open a checking account.It depends on your bank.They are not like credit cards.They only allow you to spend money you already have in the account.It may be easier just to withdraw the money from savings and buy the new computer.

How can i start a debit card? loan

I don%26#039;t know what you think a debit card is, but it is a card tied to your account. When you make a purchase on a debit card, the entire amount is deducted from your account as soon as the transaction clears. If you have that much in your account, just withdraw it and use it to pay for the computer.

If you are 22, you need to really start learning about finances. Your question implies that you have very little knowledge about the most basic banking transactions.|||Since you are old enough, there shouldn%26#039;t be an issue getting a debit card from your bank. It%26#039;s pretty much as easy as walking into a branch. You may even be able to request it online.

What%26#039;s nice about them is that they can be used like a credit card which is faster and more convenient than cash and checks.

However, you can get in real trouble if you use it for everything and don%26#039;t keep track of your balance.

I have a 701 FICO credit score and cant get a decent sized loan. Who will finance me?

This is just bogus. I have a 701 score from myfico.com and the credit union also confirmed the score. I only have 1 negative thing on the report which is an old cable bill that was paid off a couple years ago. I have a couple credit card but they have only been open for a bout a year each. Have a car loan on a 25k car thats been open for about a year (joint account). the only other thing is my gas bill, they report as well which is a good thing since its paid on time. Everything has always been paid on time. I have some deferred student loans but even with everything added in, they said my debt to income ratio was really low. But i still couldnt get a 40k loan even though i could easily afford it. they counter offered and offered me 25k if I had a co-signer.... WTF!!! Even when i apply somewhere on, e-loan or capital 1.. always comes back insufficient credit. Somewhere someone has to give me this loan.

I have a 701 FICO credit score and cant get a decent sized loan. Who will finance me?care credit

Well, I am sorry to be the one to tell you this but nobody HAS to give you a loan. As for denying your loan there could be several reasons. A 701 score is not bad but its not as good as what you are making it out to be. Also they will look at time lines of how long you have had accounts, number of accounts, % of balance to credit limits, and the list goes on. The best thing I can tell you to do is get back down to earth and realize you are not at the top of the credit todem pole and maybe suck up your pride and go into a lender and ask them for reasons why you are being denied. There may be something that you can explain to them or get worked out but its not going to happen by thinking and saying what you did here.

I have a 701 FICO credit score and cant get a decent sized loan. Who will finance me? loan

Don%26#039;t know about your income or debt-to-income ratio, but all your consumer credit is one year old or less. That may be hurting you. Lenders are definitely using tighter standards now.|||How do you get your income? Do you have a regular 40 hour a week job with weekly/biweekly pay stubs or do you work for yourself. At this point, having to go stated for a loan, which means no real proof of income, means no loan.|||There is no absolutely answer for your question.However,explorer the information here will give you some ideas.HOpe it helps.http://carloan.featured-resources.info/a...|||you have defaulted on a student loan - never good

You have opened new credit cards in the last year - never good

you recently took out a 25,000 car loan - not good if you are going for another loan after that.

be patient - wait it out - don%26#039;t put things on these credit cards - that lowers your score - and wait a little while - because by the looks of it - it looks like you are trying to get a lot of credit - and that worries them.

and do NOT take a %26quot;high interest%26quot; loan because nobody else will give you one - be patient. all the things above you have done recently - they don%26#039;t like to see that

Clean up my credit?

Ok I want to establish a five year plan for my life, and it includes building a strong credit history, as I want to be an entreprenuer and credit is very very important to this. I looked at my credit report, and Its bad..not insormountable though. I have a charge off for one credit card $526.00. And two cell phones charge off one for about $300, the other about $400. How can I negotiate with the creditors? How much should I offer to get these accounts to show as favorable.

Clean up my credit?inflation rate

I have to disagree with the other person%26#039;s view on this matter..

A paid charge-off has no better standing than an unpaid charge-off.. The fact of the matter is once an item has been charged off, it is a negative.. Now, with that being said, you can pay off the original creditor, but do what is called a pay for delete compromise.. Most creditors figure you are never going to pay them. .So, if you call them up and work out an arrangement where you pay them a settlement amount or the full balance, but have them place in writing, they will remove the item, then you will be great..

As to your cell phones, depending on the providers, they will be more than happy to remove those from your credit, once completely paid.. However, once again, this goes back to the pay for delete letter....

Now, I do not recommend using these services who send multiple dispute letters to the credit bureaus.. For one, you and I can do this ourselves.. Two, once you enlist a company like this, the credit bureaus automatically flag your file and will ensure they have answers to all of your disputes before the time frame expires.. In other words, they will give your file serious scrutiny..

I would start at 50% and go up (but you must get the pay for delete system going).. Some of these will have you deal through collection agencies, but when you contact them, before you offer to pay them, talk to them about the pay for delete compromise.. If they are for it, then have them fax an agreement to you and give them whatever monies to call it even..

Hope that helps..

Clean up my credit?

loan

if you work out adeal withthe companies to pay off these debts then they will still show as charged off accounts. however zero balance is much better than still owing money.

the negative mark willl remain on your report for 7 years. howeverit will mean less and less as you add good credit acounts to the report.

One other option used by credit repair services is to write letters to each of the three credit reporting agencies saying the bad mark is an error and asking that it be removed. the agency will then write to the creditor who who has 30 days to respond. if they fail to respond the entry will be removed. Since the creditor will most likley respomd the tactic is to bombard them with letters every day for 30 days hopng that one of the letters falls through the cracks and they fail to respond to it, removing the negative report.

It;s not a totaly ethical solution,and probably not necesary since you have 5 years but It is an option

Oh one other option. if the accounts are over 2 years old since last activity they will naturaly fall of within your 5 yeartime span any way. this is why creditors are wary of any adult without a credit history/|||Call the creditor and negotiate for less than the full balance. 50% is a general rule but I have seen creditors take as low as 20 cents on the dollar. The older the debt the better your chances of lower settlement. These accounts will never show as favorable but remedying the outstanding debt is most certainly smiled upon to future creditors. Even more important is having positive credit or tradelines to offset your misdeeds from the past. A recent late payment can affect you more than a charge off form 5 years ago. Not having any current, positive credit would be disastorous. Keep a couple small cards, go out to dinner on them once a month and then pay them off. Keep home and car loans current. The longer your accounts are open the better your credit. Lastly keep all revolving, credit card, accounts at or below 50% of your limit at all times or you get nailed score wise for %26quot;Credit Utilization%26quot;

Good Luck!

750+ credit score = high interest?????!!!?

Whats the Deal with personal loans?.. Bank of America is offering 8.99% for unsecured loans, so I decided this would be a great opportunity to consolidate all my debt and applied. I get approved for a very high limit, but at a interest rate of 16.99%! Sure it will knock off a few bones off my monthly payments, but it also adds an extra $110 to the monthy payment compared to the 8.9 rate over 5 years. So I told them get bent.

This got me wondering how the system works compared to credit cards, I always get the best rate. Could someone explain why? And offer up some companies that are a little bit more lenient when it comes to who qualifies for the lowest rates for personal loans.

750+ credit score = high interest?????!!!?car loan

Is this 750 score your FICO or your %26#039;vantage%26#039;?

I don tknow what a %26quot;high%26quot; limit is, but if you asked for a lot and its totally unsecured, thats why. 16% is still very high but very few loans of an unsecured nature are better than 10%.

Try a credit union

750+ credit score = high interest?????!!!?

loan

Sounds like your ratio of unsecured debt (when adding the amount you are requesting) is too high.

You would fair better at a bank/credit union, especially if you have assets to secure the loan with.

What will look better on your credit report...?

Hello all,

Here%26#039;s the situation:

Several credit cards are late and now in collections.

Creditors have been calling for months now.

Currently credit report has them all as in collections.

Creditors have offered me some fairly attractive terms to settle the debt.

In some cases 75% off

Would my credit score improve more quickly if I settle and the credit report

states settled.,

Or should I just let them get charged off?

Any and all opinoins appreciated,

What will look better on your credit report...?apply for a loan

Settling is always better.

A charge off is as bad it can get. That means the Credit Card company has given up on recovering any money from you.

What will look better on your credit report...?

loan

settle.|||There really isnt going to be much difference. However if you let them be charged off it will take a long time.|||they are currently on the report as unpaid- the only thing that is better is PAID AND REMOVED -the problem is they will say they will be removed but getting it done is another thing BUT they will show payment and then they are late payments -much better than a charge off

DO NOT IGNORE people think that they will go away in 7 years NOPE when another company assumes the debt ( and they will ) the count starts all over !!!|||Either way, the hit on your credit is already there. Your stuck with it on your record for years. So, I would not pay it off unless they agree to remove negative reporting on your report (if they can do that).|||It%26#039;s always better to pay them, especially if they offer you a discount to settle them. Charged off items are just the worse thing you can have on your credit report. It means you don%26#039;t even want to attempt to improve your credit or show any responsibility for them.|||First, the credit companies gave you the credit in good faith- things happen and I don%26#039;t know your particular situation but you should try to settle, not only for your credit report but to know you did the right thing. To me personally, letting it go to a charge-off is stealing. I know they are faceless companies but they are business run by people and when card holders do that it affects all of us that don%26#039;t. I even took over my moms card when she passed and paid it off-legally not my problem I guess it was always pumped into me that no matter what the other person does or does to you, you have to walk away knowing that you did the right thing. I think for your credit and for yourself, pay them off.|||settle- creditors will know you paid something as oppsed to charge off where they know that the companies just gave up.|||It would definitely be better to settle them.|||Take the settlement. Charge-offs stay on for a long time and take points off the report. Plus, you end up paying more. Your credit will probably be messed up for a long time, but it is better to take immediate action in fixing it rather than letting it go to an agency. Plus, if you think the phone calls are harassing now, just wait until the collection agency gets ahold of you.|||In the near future your credit score won%26#039;t mean much anymore as more and more loan places are looking at your ability to pay your bills on a regular basis. I would settle and take the easy way out because you don%26#039;t need these companies bugging you all the time. I doubt it would affect your credit rating at all because I was just through an incident with an insurance company and when I talked to a lawyer he said to settle because if there is a court case brought against you and you lose it will have more impact on NOT getting a loan if you should need one in the future to buy a house, car, etc. With a settlement, a loan agent will look at it and give you an opportunity to explain; whereas, if there was a case against you and you lose.... well..... you lose! Nothing you can say when they read that you lost the case! It just reflects negatively.

Hope this helps and have a great day!!!|||from experience, do not file bankrutcy...it%26#039;s the worse to get over. if you pay off debts at a reduced rate it will show on your credit report as paid less than balance. but your score will increase immediately then after a few months it will increase dramatically. you can go from 550 to over 700 in a year|||Settle with the creditor and ask them to remove from your file.|||First, if its in collections, they aren%26#039;t %26quot;charged off%26quot;. That%26#039;s generlaly something a visa or something like that would do-- they charge off the debt and send it to collections.

Second, %26quot;settling for less than amount due%26quot; is BAD on your credit.

If you settle get it in writing that they will report is as paid in full-- otherwise pay it in full to avoid another blackmark.

pS-- if you are talking thousands and thousands that you can%26#039;t possibly afford to pay in full-- atleast pay and settle. Its the proper thing to do. Then when tehy are paid, do disputes and see if you can get anything deleted from your report.