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My credit score 717 but my credit history is short

HiMy credit score 717 but my credit history is short (8months), what to do to lease a car, i was rejected, and I don't want to finance with deposit almost $ 9000 to get the car. any other option?

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Phillips Esq.

Attorney

Juris Doctor

21,324 satisfied customers
My son has a student loan with great lakes, about 8000.. The

My son has a student loan with great lakes, about 8000.. The loan company indicates it is a 4% interest loan. what it looks like is they are charging him between 25 and 50 percent on his payments after looking at the last 6 months, payments of 100 and anywhere from 30 to over 50 in interest. I called them and they said it would drop after he makes up the "back interest" which means they are charging him since he took out the loan, interest on the balance. They also indicated it is 4% interest on the monthly balance which comes out to an extremely high interest rate. Does this seem accurate? I have seen where some of these student loan companies are being sued over this kind of practice, I feel they are simply gouging kids. It would be better to take out a consumer loan at a bank.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,140 satisfied customers
I just found out that someone stole my debit card

I just found out that someone stole my debit card information and used it to make large purchases. They are still being processed. I know that I need to go to the bank and get a new card, but I'm not sure what else to do.

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TaxRobin

Vocational, Technical or Trade School

24,184 satisfied customers
I want to know about repos and giving back my motorcycle to

Hi, i want to know about repos and giving back my motorcycle to finance company. I had it for 3 months, paid on time, its becoming financially hard to keep paying for it, I want to know if its an option to give it back, or just let them repossess it. How much will it hurt my credit score? how long do it stay on credit report?

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Mark Taylor

Certified Public Accountant

Masters

3,376 satisfied customers
I have four student loans:Parent Plus, direct consul, 2

I have four student loans:Parent Plus, direct consul, 2 Direct Plus loans that total $124,796. I am paying $831.18 per month. The interest for each one varies. One Parent Plus and is $14000 and interest rate is 8.25%. another one is Direct Consol. $69,074 and interest rate is 5.88%. Third loan is Direct Plus the total $19,938 and interest rate is 7.65%. the last one is Direct Plus, $10,151 and interest rate is 7.65%. I know that I should be able to get a loan and pay them off and get another loan at with a lower payment. What do you recommend? All of these loans are with Nelnet a student loan servicer for US Dept of Education.

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ABC Accounting Group

Bachelor's Degree

1,024 satisfied customers
I am looking to refinance my home to pay off my wife loan

I am looking to refinance my home to pay off my wife loan and help build my credit score. The mortgage has been in my wife name and I am not on it - so I never had a mortgage. My house appraises for $224,000. I owe $68,000 with my regular bank. My fico score is an 806. I went to my other bank a credit union and was approved for $72,000 with a 4.5% interest rate at a 7 year loan as of the moment. $72,000 is what I'll need for closing, appraisal so on and so forth. But will change once the house is appraised by them. I could pay this off in 4 years. Was told from a friend that it is better to never pay off a home loan for tax purposes. The highest my fico score has ever been was an 831 - without a home loan. So my questions are. Is it better to have a long term (10yr to 15yr) then a short (7yr) loan - why? What tax benefits can Be taken and why?

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Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

4,180 satisfied customers
My credit scores seem to have gone up slightly in the past

My credit scores seem to have gone up slightly in the past weeks. I still have a lot of outstanding credit although always paid on time. One thing I didn't know is that I have a lot of closed accounts (because I paid) from finance companies and those accounts still impact negatively in spite of having closed them. I got this warning from a credit service(Discover FICO) . Can you please tell me what I can do about this issue? ThanksSummary scoresscore657 Jun-15657 Jul-15642 Aug-15642 Sep-15642 Oct-15642 Nov-15648 Dec-15650 Jan-16650 Feb-16650 Mar-16662 Apr-16677 May-16

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,140 satisfied customers
Is it possible to get a mortgage to buy a house when you

Is it possible to get a mortgage to buy a house when you gross just around 20,000 the past few years with a credit score in the upper 600s to low 700s and a cash down payment of 10000 to 12000. I hate to rent when a mortgage is often cheaper and your money is going toward owning your own place

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Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

4,180 satisfied customers
I want to open an IRA year 2015 and make a maximum

I want to open an IRA for tax year 2015 and make a maximum catch-up contribution. My accountant said he could set up an account for me. What type of fees should I expect to pay? Are there accounts I can set up myself without fees? What questions should I ask him to make sure I'm getting the best account?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,140 satisfied customers
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