Posts Tagged ‘score’

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if i have debts on my credit that arent from a credit card is it worth payin off?

ive heard even if i pay a debt off in full it wont help my score or anything really..so if i wasnt to pay would it matter any like say if i was to buy something and pay it off on my credit…for example like i bouth something from rent a center and paid it off would it help my score even if i have unpaid debts?

Senior in High school, question about the MCAT?

I am currently a senior in highschool. I have two questions. I have been admitted to Cornell University, but they are not offering me good financial money which means that I would be in much debt by the time I graduate. This is not good because my long term goal is to attend medical school, which is very costly. I received a full scholarship for Clarkson University, though. Its reputation is not as good as that of Cornell, but I would graduate debt-free!! Any advice on what I should do? What, in the long run, would benefit me most?

Also, what can I start doing starting now in order to get a very good score on my MCAT in the upcoming years?

College support from parents? Any Advice?

I’ve been having a little dilema about the whole college application process. First off, let me describe the type of student I am. Even as young as middle school, my teachers were telling me that I was extremely mature for my age, and if I keep it up, I’m going to be extremely successful in Highschool. Throughout both middle school and high school, I’ve maintained between a 3.8-4.0 GPA. I don’t have one NY regents score below a 95, including Chemistry. My SAT score is 1920. When this year came along(senior) I’ve been getting a little stressed about the whole application process. When I went to give my form for the letter of reccomendation to one of my teachers, he said that he would write it and also made a point to talk to me in private. He told me that out of all of his students, I’m someone who he unequivically knows that I will be extremely successful. He said that there’s a difference between an A student and a good student, and I represent that quality. However, there is one tiny problem. My father is giving me a hard time about payments. Now, I don’t expect anything for free. I value my education and don’t expect him to pay for every expense, but he can afford to help me a LOT more than he is. At the start of highschool, he told me that most of my college would be payed for by him. It soon went to a lot of my college would be payed for, and now its suddenly half of my college would be payed for. It keeps going down. I’ve had a job for about a year or so now, but the expenses are overwhelming. We are far from financial trouble too. Last year, my father made around 0,000-0,000. We live in an extremely tiny house, have little to no debt(I think in total, we have only 0-00 credit card debt), and have NEVER taken any sort of expensive education. My dad just doesn’t like to spend money. He hoards it. I’ve never gotten anything from him for free, everything I worked hard for. I’m not trying to sound like a whiny brat, I just need advice and opinions on this matter. In my opinion, I think that he should help me as much as he can afford without sinking into a whole. The school I’m applying to only has a tuition cost of around ,000. I’m debating telling my father to just keep his money and get a student loan and go to school part time. I’m not lying when I say that he doesn’t want me to go to college. He would rather I work laborous jobs for my entire life if it meant him paying for anything, and that’s the god’s honest truth. Not that that’s a bad thing, I just am better off with my brain than my hands. I know I’ve ranted a bit, I just wanted to get a lot of these frustrations off my chest! This is a stressful time, and any advice is surely appreciated!

Credit Card Debt and Interest Charges

www.absolutelyfreecreditscores.com Credit Card Debt and Interest Charges Credit card debt is one of the leading cause for needing to file for bankruptcy or take out mortgage loans on your home or other drastic measures. Studies indicate that credit card debt is slowly making a consumers financial situation bad or worse than ever before, and can also cause psychological depression and contribute to lower GPA’s and increased substance abuse among college students. Credit card debt can build up quickly, especially if you have more than one card and a habit of charging everything. Interest The interest is the money paid on a balance to a lender by the borrower, which is to be paid every month, if you roll over your balance from month to month. Interest doesn’t usually go down on its own, and when only minimum payments are made your balance can grow to un-manageable amounts. If you are late on a payment your interest rates can increase to 35 percent, making it very hard to pay off balances. With interest rates still on the rise, there’s no better time to take a good close look at your finances. Payment Debt, especially credit card debt can accumulate very fast and many people soon find themselves barely able to even make the minimum payments. Remember if you are late on only one payment, your rate could increase drastically. If you are not good at remembering payments, it’s wise to set up direct debits to pay your credit card bills. It’s always best to control your spending

How long does it take to get your credit score back up after paying all debts?

I’m going to pay all of my debts off in the next two months. Will my score go back up immediately or does it take more time?

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