getting new credit
Date: Mon, 07/26/2010 - 21:11
Hi. I recently obtained my credit score through myfico & found it is 584. I also pulled a CR from Experion & found some cc's listed that were charged off(in '04 & '06) & 2 of them are now reported via a C/A. I have NO revolving credit or any installment loans. No mortgage(parents gave me my house) & no car loan in my name. Also had a ch 7 bankruptcy in 10-2003. I plan to try to get a secured cc. I am paying a car loan for my sister, who could not afford the vehicle. What are my odds of getting a 5k loan to pay off my sisters car so that I can get something in MY name & get some credit reporting for me? I know that applying for credit reduces your score. Mines already in the crapper @ 584, so I don't wanna apply for something if there is no shot of being approved. Hoping someone has some knowledge concerning a score like mine & if I even have a shot to get approved for a loan.
You may be able to get a secured cc if your credit is clean besi
You may be able to get a secured cc if your credit is clean besides the bankruptcy, just be careful with it. Not sure on a $5000 loan....they may want a cosigner with your credit score. Your sister's care is in your name I take it?
Thanks for the reply! Yes, the car is currently in my sister's n
Thanks for the reply! Yes, the car is currently in my sister's name. Only have 12mths left to pay on it, so I thought the loan might be small enough & my credit score ok enough to attempt it. After seeing the 584 tho, made me unsure. Sounds like I probably will have to just pay it off under her name, as I do not have anyone to cosign for me. Bummer.
