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Calling credit guru's? Suggestions needed...

R

Rookie

Golden Member
I can't even get approved for a 24% loan from a dentist office... would you like to know the TWO negative items on my credit report.

1.) one 30 day late payment
2.) one 180+ day late payment

Now let me explain the second. That was an account I co-signed for an ex-fiancee that she decided to quit paying on. As soon as I was notified about it, I paid the 4 digit amount to settle the debt. I've definitely learned not to cosign unless married.

My question to you is this... what can I do to get that off of my credit report. It's killing me.

That being said... I've paid off numerous cards, loans and my car note will be paid off in August.

Thanks for your thoughts...
 
My sister who have never lent a dime in her life and has a good salery (She has a master in political science) could not set a guarranty for a loan for my niece on $5000. The reason was that my sister had never taken a loan before and therefor the bank were not sure if she was a person who paid her debts........😕

"Sorry, we can't lent you any money because you have managed to get a an eductaion and a good job without any loans." WTF????????
 
That isn't killing you. I would guess that high rates are given out for such loans in general.

Edit: Sorry misread the post and thought you were complaining about the rate. First you will not get them removed, secondly very few people qualify for loans like that, and lastly why are you assuming it is those two things only and not taking into account your debt to income ratio and other factors that may keep you from getting the loan. Those two factors in themselves are not exactly credit crushing.
 
Challenge both of the bad marks.
If the creditor does not respond, They will go away
Creditnet.com....... and start reading
 
Originally posted by: Rookie
I can't even get approved for a 24% loan from a dentist office... would you like to know the TWO negative items on my credit report.

1.) one 30 day late payment
2.) one 180+ day late payment

Now let me explain the second. That was an account I co-signed for an ex-fiancee that she decided to quit paying on. As soon as I was notified about it, I paid the 4 digit amount to settle the debt. I've definitely learned not to cosign unless married.

My question to you is this... what can I do to get that off of my credit report. It's killing me.

That being said... I've paid off numerous cards, loans and my car note will be paid off in August.

Thanks for your thoughts...
Click to expand...

24% APR? what are they, loan shark?
 
Originally posted by: fredtam
That isn't killing you. I would guess that high rates are given out for such loans in general.

Edit: Sorry misread the post and thought you were complaining about the rate. First you will not get them removed, secondly very few people qualify for loans like that, and lastly why are you assuming it is those two things only and not taking into account your debt to income ratio and other factors that may keep you from getting the loan. Those two factors in themselves are not exactly credit crushing.
Click to expand...

I don't know about that. I just got financed 12 months interest free for my dental work through Capital One.

-geoff
 
Originally posted by: ggavinmoss
Originally posted by: fredtam
That isn't killing you. I would guess that high rates are given out for such loans in general.

Edit: Sorry misread the post and thought you were complaining about the rate. First you will not get them removed, secondly very few people qualify for loans like that, and lastly why are you assuming it is those two things only and not taking into account your debt to income ratio and other factors that may keep you from getting the loan. Those two factors in themselves are not exactly credit crushing.
Click to expand...

I don't know about that. I just got financed 12 months interest free for my dental work through Capital One.

-geoff
Click to expand...

And what is your specific situation? Income? Credit history? Debt to income ratio? Balance on existing accounts? Number of open revolving accounts? Are you already a CO customer?

A lot of Dentist office provide loans through secondary lenders=high intrest rate.
 
I expected the higher rates... I was just surprised that I was denied.

I got the answers I needed. Thanks all!
 
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