Mr. Singh asked:


Information requested by a person new to the US
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Consider the following situation that I apply on consecutive days

Day 1 WellsFargo Bank for Home Mortgage Loan
Day 2 Bank of America for Auto Loan
Day 3 Digital Credit Union for Credit Card
Day 4 …
…
…
Day 13 Citizens Bank for Home Mortgage Loan
Day 14 US Bank for Personal Loan
…
…
Day 28 CapitalOne for credit card
Day 29 Kohl’s store credit card
Day 30 Walmart credit card

Will all the instances of my credit pull by different lenders show up in my credit report? Or, will only the first credit pull in a 30 day consecutive credit pull period be reported?
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Myth or fact: For the first lender that pulled your credit, you have 30 days from that day. It will only count against you once regardless of how many lenders pull your credit. They do that so it gives you enough time to shop and compare different lenders.
http://www.trulia.com/voices/Home_Buying/When_multiple_lenders_pull_your_credit_within_wha-120191
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Myth or Fact: The credit bureaus understand that savvy consumers want to review multiple loan offers, so the bureaus consolidate all mortgage loan credit inquiries within a certain period (which can range from 14 to 45 days) and count them as one inquiry.
http://www.lendingtree.com/credit-resources/advice/understanding-credit/credit-inquiry-faq/

BRENT

dreamsasylum asked:


Well, 2 years ago I naively bought a friend a car who didn’t have one, he couldn’t pay it, so have 2 cars in my name. One person has been paying on it, but I am thinking about trying something, because my parents have offered their old car to me. If I were to sell both cars, I know I will have balances left on the car loans, but at least they will be less than they are now. Is it possible to either a) negotiate with the finance companies to get lower monthly payments or b) go into some sort of ‘debt consolidation’ plan with these “lesser” loans? I’d gotten the notion car loans were secured loans, and therefore organizations like Consumer Credit Counseling would not be able to help with them.

On another similar topic, is there any sort of financial assistance available to people in this sort of situation?

DOMINGO

College Credit Builder asked:


The Los Angeles Dodgers team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card from Bank of America® ( www.dodgerscreditcard.com ).  This rewards credit card has hit a home run with fans throughout the country.  Like many colleges, retail stores and airline carriers have done for decades, baseball teams like the Los Angeles Dodgers are now being featured on consumer credit cards.  These baseball oriented credit cards are rapidly growing in popularity among major league baseball fans nationwide.

The Major League Baseball™ Extra Bases™ Credit Card from Bank of America has features like no annual fee and a 0% intro Annual Percentage Rate (APR) on balance transfers and cash advance checks during the first 12 monthly billing cycles.   Additional incentives designed to gain customer share in the competitive rewards credit card market, include exciting offers like an official MLB™ licensed jersey for the team of your choice after the first qualifying transaction using the card.  In addition to the no annual fee and 0% introductory APR, card holders can quickly earns points (at a rate of 1 point for every net retail dollar spent) that can be redeemed for MLB™ autographed memorabilia, exclusive experiences with the L.A. Dodgers, travel rewards and cash-back bonuses.

The Bank Major League Baseball™ Extra Bases™ Credit Card from Bank of America has cornered the sports-reward credit card market — every official MLB™ team logo can be represented on the face of the card.  Other websites offering the card include www.majorleaguecreditcard.com and http://www.collegecreditbuilder.com/mlbcards.htm.  Card holders feel good about supporting their home teams and feel proud to be card carrying fans publicly displaying their team spirit every day.



MARION

liebchen2 asked:


Due to circumstances beyond my control, I am now past due on my credit cards (2). What is the best way to negotiate waiving interest if I would like to pay them off? Is there someone to contact that does this, other than consumer credit counselors?

JOE

Kettu asked:


The government is close to being done spending $700 billion dollars trying to rescue America ’s various other countries banks and financial markets. They spent that money in various ways, reworking their strategy every few days trying to stimulate the economy. The government now owns stakes in the countries biggest national and regional banks, in the hope that they will turn a profit once the ‘credit crisis’ is over. Now, the auto industry is asking for money from the bailout with the intention of actually helping working people. How much has the government helped working Americans with their bailout? I don’t think anyone, not even Hank Paulson can tell you.

Here is a proposal. One for the people, one for the economy, and it could even be possible for the banks to benefit. What if the government forgave its student loans through 2009? What are the possible benefits from this? Working Americans would have more money to invest, take out home loans, pay back home loans, buy a car, buy in general, and put into savings.

A few months ago, the government gave a great deal of Americans $300-$600 which increased consumer spending for about two months. With forgiving government student loans, many Americans could be saving that much every few months. Those savings could be then invested in a home and car loans or paying back loans already taken out. Those that do not take out a new loan or have other loans to repay would have more money to buy consumer and material goods. Other options for the money that these Americans would save could be invested in the markets or even put into savings. Both of those options would add liquidity to the market.

This would not be a quick fix to the market or the consumers, but would infact provide longer term benefits then the economic stimulous package did. The Americans that would benefit the from this package would be the same ones the credit crisis is effecting the most. Why should the government be giving the rich or the irresponsible more money? Why not give back to the Americans who worked hard to get a better job and be able to afford a better life? And if the goverment is planning on spending $2 TRILLION dollars more (as Bloomberg reports), wouldn’t this be a much better use of our money?

Please think about this. Tell me what you think of my idea or how you would tweak?

I’m not talking about all student loans, just the government student loans. All private loans would remain as they are.
1. Yes I do have loans, very little of which is government loans.
2. It is much harder today to get a good paying job without a college education.
3. How is that government dependence? It would be a one time thing. Forgiving all up through 2009.
4. Good job, but my father who worked 80hrs a week manual labor didn’t have so much luxury to pay cash, note we also didn’t have debt.
5. Why shouldn’t everyone have the right to a cheaper if not free college education?

FREEMAN

College Credit Builder asked:


Visit www.goodstudentcreditcard.com to compare the best student credit card offers currently available.  A responsible credit card history can lead to a lifetime of low-interest rate loan opportunities for consumer credit, auto loans and mortgages.  Notwithstanding students’ limited credit history and low income, good students enrolled in universities and colleges throughout the country are often given the valuable opportunity to receive credit and to start building a credit record.  This is an opportunity that should not be taken lightly, particularly in light of the continuing credit crisis which has made it difficult for many Americans with good credit records to receive new credit cards, auto loans and mortgages.  

Student credit cards issued by Discover and Capital One are tailored for student applicants.  Some of the features offered by these credit card issuers include:

•           No Annual Fee

•           0% Interest for a fixed period of time

•           $0 Fraud Liability Guarantee

•           Cashback Bonuses

During this period of economic instability, illiquidity in the credit markets, uncertainty in the stock market, and the declining real estate market, one theme remains constant – good students should be given the opportunity to build a credit history.  Responsibility is essential.  It is important to remember that if you can’t afford to buy it, you should consider saving up until you can.  Credit cards are most beneficial when you can afford to pay your balance in full every month.  Treat them like cash.  In these tough economic times, where credit is getting more difficult to come by, it is important to create a strong credit profile by establishing credit early and maintaining a consistent payment history.  Student credit cards issued by Discover, Chase and Capital One are tailored for student applicants. 

Visit www.goodstudentcreditcard.com to apply online in a few short minutes.

http://www.articlesbase.com/college-and-university-articles/apply-online-good-student-credit-cards-659096.html



ESTEBAN

College Credit Builder asked:


Bank of America and Major League Baseball are batting a thousand in the credit card industry.  Like many colleges, airlines, and department stores have done for decades, Major League Baseball teams, including the White Sox, are now being displayed on consumer credit cards.  These team logo credit cards are rapidly growing in popularity and proving to be a hit with baseball fans throughout the country. 

The Major League Baseball™ Extra Bases™ Credit Card from Bank of America boasts no annual fee and a 0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for the first 12 billing cycles.   As incentives to gain customer share in the extraordinarily competitive credit card market, the baseball credit card also offers an official MLB™ licensed jersey after the first qualifying transaction using the card.  In addition to the no annual fee and 0% introductory APR, the card offers a point based incentive system whereby card holders earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, coveted MLB™ life experiences, travel and cash rewards.

A review of the landscape makes clear that every major league baseball team can be represented on a credit card.  For example, websites like, www.whitesoxcreditcard.com and   www.cubscreditcard.com each offer the Major League Baseball™ Extra Bases™ Credit online application. 

Historically, baseball has given the public something to believe in and something to hope for, particularly in tough economic times.   With this credit card, consumers can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card.



PETER

L R asked:


I am in Debt for about $10,000. It’s all credit card bills. I owe about $3500 on one and about $5000 on another and a few minor on two others. Anyhow, each month it’s $125 for one and $100 for the other and it’s getting to be too much for me to pay along with all my other expenses. Does anyone have a good idea on how I can get out of debt and fast? I’ve already filed bankruptcy once and can’t go that route. I was going to try Consumer Credit Counseling but I don’t know if I want to pay them each month for doing this. Any good Suggestions will be helpful. Thanks.

LOGAN

College Credit Builder asked:


The San Francisco Giants official team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card from Bank of America.  (www.giantscreditcards.com ).   This rewards credit card has proven to be a grand slam with fans and is scoring rave reviews in the rewards credit card industry.  Like many retailers, airlines, and universities have done for years, Major League Baseball teams like the San Francisco Giants are now being displayed on consumer credit cards.  These baseball oriented credit cards are rapidly growing in popularity and are proving to be a hit with sports fans across the country.

The Major League Baseball™ Extra Bases™ Credit Card from Bank of America has valuable features, including:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

 •          Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

At a time when everyone’s nerves are frayed because of uncertainty in the stock market, illiquidity in the credit market and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball.  Historically, baseball has given the public something to believe in and something to hope for, particularly in tough economic times.   With the MLB™ Extra Bases™ credit card, Giants fans can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card with pride.  Visit www.giantscreditcards.com to complete the credit card application online in a few short minutes.



NICKOLAS

onesickchick asked:


I belong to a consumer advococy group.Some of the members seem more devoted to getting credit for our sucesses and whelding power than the causes “we say we care about”.

MERLIN