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What is the average monthly income needed to get a credit card?
Wiki User
∙ 11y ago
It does impact your crdeit report (it happened to me!) however, if your crdeit is already in bad shape, is it really going to hurt you in the long run? Probably not.You will at least pay down your debt.
Wiki User
∙ 11y ago
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What is the average credit score needed for a home loan?
The average credit score need to purchase a home is 620.
How much income is needed to buy a home?
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.
Could you get approved for a 300K dollar home loan if you have a beacon score of 703 an annual income of 58K and 10K personal debt?
I certainly don't see why not, of course there'd be more information needed to qualify you. Your income seems in line and your credit is excellent.
How do you build your credit rating?
By having a "good mixure of credit". One Revolving Account (Credit Card), Line of Credit (Auto loan, personal loan - if needed), and a Mortgage. If you are starting out with establishing credit, then my suggestion to you is to open up a line of credit with either your local bank or a credit union. Put a $250.00 deposit in this line of credit; which is called a secured line of credit. Then use this money for gas puposes only! Make your monthly payment each month. This will start building your credit line, and you will start to see offers in the mail for credit card companies. Only choose a credit card that has an offer of 0% APR for 12 months (Annual Percentage Rate). Make sure that if you start to use a credit card only spend up to 30% of the credit limit, and make your monthly payments on time each and every month. Creditors and Lenders will notice that you are resposible with your credit, and allow you to borrow more when you are ready to purchase a home. Please, keep in mind that making on-time monthly payments is key to having excellent credit. Good Luck with this process! Wanda Acevedo Improve Credit, LLC
What information is needed when applying for credit?
"Usually you will need your SSN. as well as an identification card or the numbers on it and proof of residence. Most require a source of income to be proven, as well as a minimum FICO score."
What is the average credit score needed for a home loan?
The average credit score need to purchase a home is 620.
Do credit counselors charge a fee for their services?
"No, most reputable credit counselors do not charge a fee. Instead they look at your debts, monthly payments, and income and help you make a budget that will allow you to get back on you feet."
How much income is needed to buy a home?
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.
What is needed to get financing to purchase an auto?
To get financing to purchase an auto, one has to fill out loan applications, which will ask for your social security number, employment and income information, monthly expenses, like mortgage and rent, and any outstanding debts, like credit cards or student loans.
Do you always need a cosigner?
A cosigner is needed when the primary borrower does not, for whatever reason, (age, income, credit rating, etc.) does not qualify for a loan on their own merit.
What is the average credit score needed for private student loans?
Scroll down and it tells you exactly what I think you're looking for. Good Luck.
Is monthly blood work needed when on depakote?
Bi-monthly is recommended to check liver functions. Which can be damaged from the depakote
Could you get approved for a 300K dollar home loan if you have a beacon score of 703 an annual income of 58K and 10K personal debt?
I certainly don't see why not, of course there'd be more information needed to qualify you. Your income seems in line and your credit is excellent.
How do you build your credit rating?
By having a "good mixure of credit". One Revolving Account (Credit Card), Line of Credit (Auto loan, personal loan - if needed), and a Mortgage. If you are starting out with establishing credit, then my suggestion to you is to open up a line of credit with either your local bank or a credit union. Put a $250.00 deposit in this line of credit; which is called a secured line of credit. Then use this money for gas puposes only! Make your monthly payment each month. This will start building your credit line, and you will start to see offers in the mail for credit card companies. Only choose a credit card that has an offer of 0% APR for 12 months (Annual Percentage Rate). Make sure that if you start to use a credit card only spend up to 30% of the credit limit, and make your monthly payments on time each and every month. Creditors and Lenders will notice that you are resposible with your credit, and allow you to borrow more when you are ready to purchase a home. Please, keep in mind that making on-time monthly payments is key to having excellent credit. Good Luck with this process! Wanda Acevedo Improve Credit, LLC
What is the highest average income needed to qualify for low income housing?
Low income housing is housing like Apartments or fourplexes or duplexes or houses or any other government or HUD APPROVED housing, The agency funding the 'Low income housing' decides the rent or payment amount that will be passed on to the resident, It is generally based on the persons income and number of people in the familly. It can range from A small discount of the total payment to the agency paying 100% of the payment.
What is the yearly minimum income of a BUSINESS needed to pay income taxes?
Rs1
What information is required to apply for a Sears credit card online?
When applying for retail credit cards from a store like Sears, there are typically four core pieces of information required. First and foremost is a full name and address. Then verifiable income and a Social Security number are needed to ensure identification and credit worthiness.
