Comments for Fargo Wells Financial

Comment on How many credit cards should you have to rebuild credit? by sun s

sun s — Thu, 27 Nov 2008 11:10:59 +0000

"One is enough. Go for a rewards Credit Card:

Reward credit cards reward you when you spend on the credit card. Normally, you can collect rewards through 3 ways.

* It involves earning cash back on the card, it depends on the amount you spend.
* Next one involves giving points to the customers. They can be redeemed for gifts like cosmetics, shoes, water heater, mobiles and other goodies which the credit card company offers.
* The last method of reward is providing airmiles. Airmiles are highly popular reward, as many customers like to redeem them for free flights or flight upgrades. Whatever type of reward credit card you opt for, carefully note the amount or rate at which rewards will accrue and also read carefully other terms and conditions."
References :
http://www.freewebs.com/helpee/rewardcreditcards.html

Comment on How many credit cards should you have to rebuild credit? by Smoovy Loco

Smoovy Loco — Thu, 27 Nov 2008 10:26:59 +0000

I would take out no more than 2. I would start out with a secured card. Granted you would have to put a deposit upfront to secure a line of credit, but the deposit would also garner interest while you're proving your creditworthiness. You could start out small, like $200-300 or larger like $1000-2000. Either way, I strongly suggest you to continue to use your debit card and pay cash like you've been doing, and make small purchases that you can pay off in full every month (around $20-50). I would only use the credit card in dire emergencies. After the secured card becomes unsecured, then you could receive offers for other cards, but chances are just the one card could work just as well. Be sure to dispute anything that was involved in the identity theft and make sure that you have a POLICE REPORT. Your "good accounts" (rental, club, cable, cell, etc.) CAN be reported through this reporting agency called PRBC. (http://prbc.com/default.php?) This is for REAL. You can have your good credit reported and complied in a scored report that can be considered with your traditional credit reports. It's become increasingly popular and I'm certain that it will help you out immensely.
References :
http://prbc.com/default.php?

Comment on How many credit cards should you have to rebuild credit? by STEVEN F

STEVEN F — Thu, 27 Nov 2008 09:52:59 +0000

You don't need ANY. Find a mortgage lender that still does 'Manual Underwriting'. That's what they call the process lenders used before FICO came along. They look at your income and debts (if you had any, you wouldn't have asked this) and actually DECIDE if you are credit worthy. Anyone doing manual underwriting WILL consider your cable, cell, phone, etc. You may have to sign a release allowing them to check with the cable company, etc., but if you have a good payment history, that's not a problem.
References :

Comment on How many credit cards should you have to rebuild credit? by polished

polished — Thu, 27 Nov 2008 09:03:59 +0000

hi …here's a resource to help you with your credit needs and everything you need to know about credit building, all the best
References :
http://www.newhorizon.org/Info/credit-improvement-articles.htm

Comment on Can I get a refinanced mortgage if i start a home business with no employees and still work my regular job? by ed m

ed m — Thu, 27 Nov 2008 08:42:59 +0000

i do not see any problem with you getting the refinance and i would not worry about the business end affected it!!!
References :

Comment on How many credit cards should you have to rebuild credit? by foxhound

foxhound — Thu, 27 Nov 2008 08:31:59 +0000

You can request your good credit to be reported as usually the utilities won't report unless you have an issue. Get two cards and use them! Pay off immediatly and let them up your available balance as you go. The debt to asset ratio does not apply to you. Again two cards (say Visa and Amex) and you will be fine. It will take time but after a while your credit score will start jumping up.
References :

Comment on Can I get a refinanced mortgage if i start a home business with no employees and still work my regular job? by Mortgage Planner

Mortgage Planner — Thu, 27 Nov 2008 08:04:59 +0000

A lender wants to see a history of stable and continual employment and income and will consider

- your debt-to-income ratio (debt divided by income)
- the loan-to-value ratio (mortgage divided by appraised value)
- your credit history.

Based on what you have stated, as long as you continue to have stable employment and income, no increase in debt and maintain your credit score, your plans to start a business should have no impact on your ability refinance your mortgage.
References :

Comment on How much money has passed thru your hands in a lifetime? by Quinn

Quinn — Thu, 27 Nov 2008 08:02:59 +0000

I would say around 40-50k. It was my first time cash out $4,000 in cash from the bank last week from my online business too. LoL It is nice to see they count $100 40 times. xD

Not a millionaire yet but soon will be if I keep banking this much with my online venture. If you are interest, just drop me a message
References :

Comment on How many credit cards should you have to rebuild credit? by Roger N

Roger N — Thu, 27 Nov 2008 07:58:59 +0000

Only one!! and just keep up with the payments.
References :

Comment on How does online banking work. Does my bank print a check and mail it to the payee? by Kaska

Kaska — Thu, 27 Nov 2008 07:54:59 +0000

Are you talking about bill pay? Done thru your bank. Most of those transactions are electronically transferred which cost them nothing. If they don't have that creditors info on file they will send a check. yes this cost money but I bet it makes up a small portion of the transactions they process daily.
References :