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Browsing the archives for the Credit category.

Is paying off defaulted loans that aren’t on my credit report going to help my credit score?

Credit
Reddog asked:


I owe $9,000 in student loans. They just started garnishing my wages for $500/month. The loans were from 1998 and do not appear on my credit report. The collection company told me that once they’re paid off that they will appear as not in default on my credit.

Tina
4 Comments

How can I go about paying loans that have been in default for 2 years?

Credit
estephania2182 asked:


I really want to work on paying off my school loans but don’t know where to start. I’ve been in default for a couple years due to my immaturity and now am trying to improve my credit. I’ve raised my credit score 43 pts in 4 months just by having one credit card and paying it off on time. What do I need to do to get the ball rolling and start paying on my loans? I could pay maybe 100 dollars a month right now.

Thomas
4 Comments

loans?

Credit
jguerrero14 asked:


I got someone to cosign for my autoloan but will they be able to if they have a few loans already taken out?

Alexander
3 Comments

Whats the difference between these loans?

Credit
dbonedge116 asked:


I have heard of simple interest and fully amortized loans. What do they mean, and how do they differ to me as a lender specifically?

Kevin
1 Comment
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