Best answer:

Answer by Stephen T
The FICO score is not required to be given on your free annual report. To see it you will have to order it from the credit bureau – costing between 5-15 dollars.

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Best answer:

Answer by James N
No but I’m gonna check back on this because I want to the same thing

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But does checking the credit score hurt my credit??
Also, where is a good place I can check my credit score??

Best answer:

Answer by My Take on It
Checking your own credit reports or score will not affect your credit.
It is considered a soft pull as opposed to a hard pull when creditors check your credit when you apply for a loan.

You can get a FREE copy of your credit report annually at:

http://www.annualcreditreport.com

The other services that advertise on TV will want your credit card or other form of payment to enroll you in some service if you forget to cancel, which a lot of people do. The above address is the only true FREE report site.

Your FICO score, costs money though. You cannot get that free.

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I have had poor credit that I have worked tirelessly to improve, seeing it get over 650 (up from 509) in less than a year. Her credit is, by all accounts, quite bad.

I know that our credit scores combine, and that my credit rating would plummet if we get married. It’s killing us that we almost have to wait to get married until I am able to buy us a house.

How much of this is true? What more can any of your great people tell me about this? Benefits, Down Turns?

What other financial changes take place with marriage that could be seen as either a positive or a negative?

Any links would be fantastic. Thanks.

Best answer:

Answer by thealmightycynic
Your finances only change if you choose to combine them. My husband and I had been married for over a year before we got a joint account. We both still have our own credit scores, and the titles to our cars are in our separate names. If combining finances will hurt your chances at buying a house, just keep things separate until your fiancee’s finances are more settled.

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Best answer:

Answer by scottsmylie
To compensate for the risk that the person will default.

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Instructions:
For each situation prepare the appropriate journal entry for redemption of bonds.

(a) Gland Corporation retired $ 140,000 face value, 12% bonds on June 30, 2010 at 102. The carrying value of the bonds at the redemption date was $ 122,500. The bonds pay annual interest, and the interest payment on June 30, 2010, has been made and reported.

(b) Hutch Inc. retired $ 170,000 face value, 12.5% bonds on June 30, 2010 at 98. The carrying value of the bonds at the redemption date was $ 184,000. The bonds pay annual interest, and the interest payment due on June 30, 2010 had been made and recorded.

So, a and b are the homework problems and I am supposed to write the journal entries. I am just so confused, the carrying value is confusing me I think the most. According to the book, I think the journal enties are supposed go by the following guidelines:

Bonds Payable (dr)
Primium on Bonds Payable (dr)
Loss or Gain on Bond redemption (dr?)
Cash (cr)

The loss and gain is really confusing me to, I do not know for what ammounts to debit or credit any of the fields, please help!!!!!

Best answer:

Answer by JKRB
If the carrying amount is more than the redemption price, there is a gain; if it is less there is a loss. Also, if the carrying amount is more than the face value, the bonds were issued at a premium; if it is less, they were issued at a discount.
a)
Redemption price = 140,000 x 102% = 142,800
Carrying value = 122,500
142,800 – 122,500 = 20,300 Loss
So write down what you know. You know you will debit Bonds Payable for 140,000 to take it off the books. You also know there is loss of 20,300, and losses are debits. You also know that you will credit cash for 142,800, the amount paid for the redemption. So now you have:
Dr Bonds Payable 140,000
Dr Loss on Redemption of Bonds 20,300
Cr Cash 142,800
In order to have debits and credits equal, you will need to make a credit entry for 17,500. Since the carrying value was less than the face value, the entry will be to Discount on Bonds Payable.
Cr Discount on Bonds Payable 17,500

b)
Same explanation as above, except these bonds were originally issued at a premium.
Redemption price = 170,000 x 98% = 166,600
Carrying value = 184,000
184,000 – 166,600 = 17,400 Gain
Dr Bonds Payable 170,000
Dr Premium on Bonds Payable 13,800
Cr Gain on Redemption of Bonds 17,400
Cr Cash 166,400

What do you think? Answer below!

Female Z= X-117000/25000 √n therefore p(-.0395 ≤ Z ≤ .0395= .5120 – .48802
Answer= .024
Got half credit, don’t know what i’m missing
5. A survey conducted by the American Automobile Association showed that a family of four spends an average of $ 215.60 per day while on vacation. Suppose a sample of 64 families of four vacationing at Niagara Falls resulted in a sample mean of $ 252.45 per day and a sample standard deviation of $ 74.50
a. Develop a 95% confidence interval estimate of the mean amount spent per
day by a family of four visiting Niagara Falls.
X=+or- 2a/2 α/√=.9476
Answer: 233.8 to 271.06 got half credit, again, don’t know what I did wrong.
b. Based on the confidence interval from part (a), does it appear that the population mean amount spent per day by families visiting Niagara Falls differs from the mean reported by the American Automobile Association? Explain
The survey seems fairly good. At the lowest interval the survey was only eighteen dollars off, and at the highest it was only 55.46 off. I got this completely wrong, I think I know why. Weigh in your thoughts also please.

Best answer:

Answer by jack
b. What is the probability that the flight will be no more than 5 minutes late?

LET X = AMOUNT OF TIME LATE IN MINS

OUR PDF FUNCTION IS, P(X) = 1/(140-120) = 1/20

THEREFORE,

PROB(LESS THAN OR EQUAL TO Y MINS LATE) = (Y-120)/20

SO, ANSWER IS, PROB = (125-120)/20 = 5/20 = 1/4

c. What is the probability that the flight will be more than 10 minutes late?

PROB(X>10) = 1- PROB(X<=10) = 1 - (130-120)/20 = 1 - 1/2 = 1/2

2. For borrowers with good credit scores, the mean debt for revolving and installment accounts is $ 15,015. Assume the standard deviation is $ 3540 and that debt amounts are normally distributed.
a.) What is the probability that the debt for a randomly selected borrower with good credit is more than $ 18000?

LET D BE THE DEBT AMOUNT, THIS MEANS THAT D ~ N(15,015,3540^2)
QUESTION IS ASKING FOR
P(D>18,000) = 1 – P(D<18,000) = 1 - P(X < (18,000-15,015)/3540) = 1 - P(X<0.8432)

NOW LOOK UP TABLES TO GET P(X<0.8432) = 0.8004417

AND SO, PROBABILITY IS P(D>18,000) = 1- 0.8004417 = 0.1995583

SORRY, AINT GOT TIME TO DO OTHER ONES FOR YOU. SEEM SIMPLE ENOUGH THOUGH!

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Best answer:

Answer by Sgt Big Red
Yes it is legal and it did not hurt her score, it may not change it until all obligations have been paid.
But beware, it all depends upon who she worked with. She needs to check her credit report to make sure the balances are going down.

Avoid credit repair agencies that charge a fee to improve your FICO score by removing negative, but accurate, information from your credit reports. No one can force credit reporting agencies or lenders to remove accurate information from a credit report. Credit repair companies often take your money without delivering what they promise, or provide only temporary improvements of your score, sometimes by removing accurate information that will reappear later.

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Best answer:

Answer by Slam Zone Radio
You should have gotten a lawyer and contacted the authorities about the friend long ago.

As long as you pay the hospital and doctors a little something every month on your bill, the collections company have nothing they can say – and you can send them a letter requesting they cease and desist their collection calls.

You can also request a deferment on your student loans based on your current economic situation.

You should have also contacted the card companies and informed them of the fraud, and had the cards frozen, you would not have been held liable.

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Best answer:

Answer by Mars
I suggest you stop looking for credit and just live within your means. It would be better for you in the long run.

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In your opinion, how long will it take my credit score to go up? Will my score drastically change?

Best answer:

Answer by redenz40
be prepared for your score to lower. Easiest way to explain the scoring system is this. Its a balance system. To much debt low score to much open credit (free credit) low score. Your score really is dependent on a scale of equal debt to income ratio

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Best answer:

Answer by spifiman1
The only way medical bills show up on your credit bureau is if you do not pay them.

Just like utilities, cell phones, apartment/home rental payments, gym memberships and payday loans.

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I make about $ 30, 000 a year and I have about $ 8500 left on a car loan and about $ 5000 left on a student loan.
I have also been at my current job for 3 years.

Best answer:

Answer by orderless1
depends on what you make and what other debts you have. It is not that simple. Generally figure 3x what you earn pre year.

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Best answer:

Answer by rtfm
It would be relatively easy to make a fake credit report, and if your landlord requires one, he will order it himself from a legitimate credit bureau. He would not trust one that the tenant provided.

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Best answer:

Answer by Tia K
no

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Best answer:

Answer by StephenWeinstein
You do nothing. You get rid of them by doing nothing. If you do nothing, then they go away on their own after an amount of time determined by law. Nothing that you can do will make them go away sooner.

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I have student loans, but I would like to consolidate them separatley and not through another loan.

Also, I have an auto loan, would the loan be able to cover that as well?

Please, real answers, and no opinions/judgements.

Thank You.

Best answer:

Answer by Chrys
the real answer is you don’t….if you don’t have a perfect FICO score and good credit these days, no one is gonna loan you any money. Especially if you have outstanding student loans and old bills.
Learn to stop spending money on stupid things and learn to pay your bills yourself. Only YOU can get your credit back on track.

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Best answer:

Answer by B.B
Try Orchard bank and make sure that your bills are paid on your credit report..

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When he was in the hospital for an extended amount of time, his only credit card was sent to a collection agency. His credit report does not reflect that he ever paid the amount off, even though he later located the collection agency and paid in full.

He owes $ 0 of debt of any kind now. He uses a debit card and owns his car. He had a hard time qualifying for an apartment, though he finally got one with a large fee. I feel bad for him, because medical bills can happen to anyone. What can he do to repair his credit? Will it improve on its own, or is there anything he could do?

Best answer:

Answer by Wuviewoo
he needs to build up good credit history again he should get a credit card but just use it for the things hes normally buying anyway like food and gas etc and then pay the full balance at the end of the month. If he can’t get approved for a regular credit card he could try getting a secure credit card they are specifically made for people with bad or no credit.

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Best answer:

Answer by bowler_j
http://www.equifax.com/EFX_Canada/canadian-credit-report.htm

http://www.tuc.ca/TUCorp/home.asp

I don’t think either site is free.

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