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Help with credit score

Robin Osmun-McGill
Hello, I was wondering if anyone could direct me or has any information about how to remove things off my credit report. For example, one of my primary questions is how to I get my name taken off a mortgage I have no title to, without costing me any money? I have been divorced for 14 years, and every time I try to apply for a home, a car etc..This shows on my credit score as on going. I have no claim to this property, but they want $1000 for me to be taken off. My ex won't pay for it to be...Read More...
My ex had to refinance in order to remove my name from the mortgage. He was court ordered to do so, but it still took him several years.Read More...
Hi Robin, I'm really sorry to hear about your situation. Did your divorce decree state that your name should no longer be on the mortgage? If it was, then you should be able to get a copy of that from the public records office and have them remove your name without paying anything. Otherwise, you may have to find a way to come up with the money to do so. Honestly, your best bet is to maybe see if there are any lawyers that offer free consultation or would work for relatively cheap to help...Read More...
Last Reply By KellyFromKeene · First Unread Post

Soft Inquiries

Swayla Monche
Do soft inquiries impact your credit score or just the hard inquiries? If someone could answer this, I'll greatly appreciate it.Read More...
According to Experian: "A soft inquiry occurs in cases where you check your own credit or when a lender or credit card company checks your credit to preapprove you for an offer. Soft inquiries do not impact your credit scores." Hope that helps!Read More...
Last Reply By JeremyM · First Unread Post

Reloadable pre-paid debit card

KellyFromKeene
I am looking for a pre-paid debit card that I can re-load as needed. Does this exist, without crazy monthly fees? And does anyone use them? If yes, how do you like it?Read More...
There are several ways that you can add money to your PayPal Prepaid MasterCard: Direct Deposit: Direct deposit is the easy and free way to add all or part of your pay check or government payment to a PayPal Prepaid Card. You must enroll in direct deposit in order for your card account to receive these electronic deposits. LEARN MORE NetSpend Reload Network: Our reload network is nationwide. There are more than 100,000 convenient locations where you can add money to your card account. It's...Read More...
CLANG, I just got the PayPal Debit Card and would like to know how you load it at stores. Can you tell me about it? Which stores? Thank you.Read More...
I actually have the paypal debit card, bluebird, and chime. chime gets our regular deposits, paypal gets my side gig money, and bluebird use to be my main one but not everyone excepts amex so it's just a back up now. also, there is credit karma, acorns, and stash (I also have acorns & stash, but not as debit card accounts, though that is available. i dont want regular access to these 2 so they can help me save through the year.)Read More...
Thanks everyone for your suggestions! I have a few to look into now.Read More...
Last Reply By JaDawn · First Unread Post

Drastic Score change!

Forum: Credit
Jerri Ucantstopme Cherry
Hello, we recently bought a house at the beginning 2019...bought a car at the end of 2019. Score was over 700 AFTER car purchase...we were late on our credit card payment (once) and paid the late fee...then I needed to upgrade the car we had; requested credit was given approval for $35k...dealership ran HARD credit...decided it was not a good deal. Now score has dropped almost 200 points!!! OMG, I almost fainted...what the heck happened? We worked so hard to get up there...and the simulator...Read More...

Low income high debt

Forum: Debt
Sonja Setoute
I had to leave my job suddenly for personal reasons which left me unable to make payments for 6 months until I found a new job. The new job pays less and I'm barely about to make payments on one card/loan. How do I handle this?Read More...

Beginner Investing

Forum: Investment
Emme
Hello. New to Penny Hoarder forum. I am 63 and looking forward to semi retirement. I am interested in learning about passive income. Any suggestions on where I might begin? I know next to nothing about investing.Read More...

Looking For Part-Time Job

Forum: Make Money
Hello I'm new to the site and I'm looking for an opportunity to work from home to earn some extra cash. Or ever an evening /night part time job to supplement my income. Please suggest any links and please don't send anything that I'm required to pay to join a club. I want real legitimate JOBS!! Thanks.Read More...

This Week's Community Announcements 1.31.20

Maryann
Hi everyone! Hope you all had a great week. There are a couple new things going on over at our HQ that I wanted to share with you all. For one, we’re headed to Vegas ! Well, our content is. We recently partnered with the Las Vegas Review-Journal to promote financial literacy and personal finance content to the Las Vegas market. With this partnership, the Review-Journal will publish The Penny Hoarder articles to their readers in Las Vegas. We also launched a fun marketing campaign this week.Read More...
Looks like things are pretty exciting for you guys! Good to see that you are reaching out further with the helpful content TPH offers. Things were pretty busy for me last month but looking forward to what the next month has in store.Read More...
Last Reply By Moore Income · First Unread Post

January No Spend Challenge

AnnMarie L.
Brand new here and am wondering if there’s a group that’s doing this? I’ve read about it in the past but never gotten through a whole month...Read More...
Thanks DBOOTHE! Good job on not spending. I wish you continued success too.Read More...
Best of luck AnnMarie L! Thanks for swapping saving ideas and accomplishments and making the challenge fun. I bought a few things this morning that that I had held off on last month, but really when I reconsidered everything in my cart, they were needs that I could just wait on during the challenge, so great lesson. Continued success going forward.Read More...
Congratulations to everyone who attempted and/or completed the Jan. No Spend Challenge! It was a real eye-opener for me and now I’m looking at my finances in a new way. Hopefully by this time next year I’ll be debt free!!Read More...
ANNMARIE L. So happy for your success. Groceries are too much. One way to save on groceries is to make double and freeze half. It isn't quite as expensive as making the meal twice and there's that extra meal in the freezer when you're extra busy and can just pop it in the oven. Best wishes for continued success. I had pretty good success with not eating out and using up what I had in the refrigerator and pantry. Some unexpected expenses used up the money I saved, but they would have happened...Read More...
Last Reply By AnnMarie L. · First Unread Post
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Buy now or wait a year?

Jobelle Collie
I need to build a home that has handicap modifications because I plan to age in place and NEVER go to a nursing home. I already have a home health nurse, but may have to expand her role as I become more aged. My current home has a negligible mortgage (about $5000 USD) so when I sell it, I’ll make my money back I paid for it. I’ve been looking to move for about two years, but finding the right builder, land has been a hard nut to crack. So I went to a real estate attorney to put me in the...Read More...

Lowered my gym membership price

Forum: Budgeting
lismox
I had a small success today. I added my gym membership to my husband's account. I will save $20 a month, so $240 per year. I wish I'd done it earlier. Then I called my Internet company to see if we could get a better deal, but that was a no-go. And we dropped Hulu and CBS.com (which was through Amazon), which I'd completely forgotten I was still subscribed to. It pays to stay on top of these things.Read More...

Monthly Rental Payments

Davis Julie
My rental payments have been paid on time every month for the past seven years. Can I in any way have that on my credit report? I've been working with Lexington Law getting my credit in order, but I have a judgment for eviction that was over seven years ago. Any comments greatly appreciatedRead More...
Discover offers free FICO scores (don't have to have a card) and Credit Karma offers free Vantage scores, as well as a credit report.Read More...
I am also not getting my credit scores. I mean the numbers. And my FICO score. Any suggestions. I dont want to pay for it and I would like to see the numbers now.Read More...
I believe that the account was bought? by another collection agency. I sure hope that Lexington Law hasn't tried to prolong my payments, as they are getting 129.95 a month.Read More...
I am trying to increase my credit score and also to show that I have made my payments on time as I am seeking out a new place to live.Read More...
Last Reply By JeremyM · First Unread Post

Closing Credit Card Yes or No

Forum: Credit
Ana24
Hello everyone, I need some expert advice. I was thinking about closing 2 of my credit card one is secured Capital One and the other one is First Premier unsecured. Thinking of closing them after we get our house. I have both of my cards for almost 10 years now. I was wondering what will be the effect towards my credit score if I did close them? Thank you in advance.Read More...

Plastic bags going, Brown bags in

lori wulff
I am all for recycling. Even though plastic bags are handy and convenient, they are ruining mother earth. What is your 2 cents on this?Read More...
REDCATCEC, Ugh, I have been reusing the plastic grocery bags to clean my cat's litter box so the trash doesn't get smelly. You can't flush that stuff. It seems silly to recycle the grocery bags and buy small plastic bags to place the used cat litter into the trash. I do recycle when I get an abundance of them at the grocery store, but what to do about the cat litter so as not to stink up the house, but also not have those grocery bags in the landfills and where ever else they go. What to do?Read More...
You are right, the recycle places do not accept the plastic grocery store bags, please take them in to the stores or places that do. The recycled bags are melted down to make composite lumber (with saw dust). They also are made into other plastic items, like door & window frames, decks, and play ground equipment. The plastic bags are not biodegradable and stay in the environment a long time, eventually releasing chemicals into the water and soil. They also find their way to the bodies of...Read More...
People throw them away (not everyone recycles) and they end up in the fields and oceans. I use them to line our smaller trash cans and sometimes to carry stuff in. Just like Kelly said, reusable bags are forgotten at home or in the car (exactly what I do). I recycle plastic bags, but end up taking 3 bags full to the store to recycle. So they do just pile up and clutter my house until then. I’m not sure what can be done. I do know our local recycling places and pick ups won’t take them, so...Read More...
Some of the stores here in Maryland are paying you 5-10 cents/bag you bring in to reuse, no matter what kind of bag. It is an incentive.I am guilty of leaving the reusable plastic bags in the car, only to turn around and retrieve them. We are finally getting compostable bags for produce at select stores, which are not as sturdy so they are not as popular as the plastic ones. At work we have a Green Team (renew, reuse, recycle) team for the hospital, I suggested we go to compostable bags in...Read More...
Last Reply By dboothe · First Unread Post

Capital Gains for Selling property

Forum: Taxes
I asked our cpa how our taxes will be affected if we sell our rental property. Most of the funds of the sale will be going to the mortgage company and we’ll pocket about $20,000. That $20,000 will go to pay down my husbands stock plan loans (he can borrow against it). Our cpa said we’ll pay capital gains on the total gain. In my understanding, that means that the difference in what we are getting ready to sell it for minus what we paid for it, is what we have to pay taxes on. If that is...Read More...

Insurance claim - minor accident, my fault

Forum: Insurance
I hit my neighbor's parked car. No one else was involved but me. I took pictures. The cars both got scraped. I figured mine is worse than hers and that both looked like something that could be sanded out. I figured I'd owe her $200 or so. She got estimates for $800 and $1800 ! The higher cost is from the dealer, and that's who my insurance company chose for her to go to. It appears they just took the estimate at face value. I thought they would estimate it themselves. (Her car is the white...Read More...

Should I do a balance transfer

Forum: Debt
Christine Corsaw Van Duys
I have a balance with a credit card with 20.74% interest rate. I have a credit score of 765. Would if be helpful for me to get a new credit card that offers 0% for 15 months? I really dont want to mess up my credit score if I open a new account.Read More...

Subscriptions

Forum: Save Money
Eber A.
What subscription services do you guys have? Do you actually use them? I’m going over my subscriptions and I know I need to cancel some.Read More...

raising credit (FICO) using the snowball effect

Forum: Debt
maria rose
I recently questioned Pennyhoarder about the sudden hit to my credit (FICO) score, which I thought had to do with Synchrony Bank taking over 6 of my credit cards. I decided to not use (unless totally needed) every one of those cards until I eliminate the balances, using the snowball method. Using a credit simulator, this effort should show some (not much) increase in my FICO score, even with excellent no missed payments. I found out today, that this is a result of a change in what is...Read More...

Student Loan

Forum: Debt
Gia S.
I have had a outstanding student loan since 1986! They are now taking 40.00 from my SS check. Is there anything I can do since the school was bogus to begin with, and closed down a few years after it opened. ThxRead More...

SUBSCRIPTIONS HOW MANY DO YOU NEED?

lori wulff
Hi I recently posted about Amazon prime subscription which has sliding scale prices for all budgets. I have Amazon Prime along with my cable provider. I feel 1 SUBSCRIPTION should be all. There really is no need to get more since most of the subscriptions offer similar selections. Choose the one where you find stuff you like and if you have kids check out the kid selections. You can really save $$ if you take the time to shop around and compare different types, and be patient and wait for...Read More...
I don't have any subscriptions....so I must be saving a lot of money.Read More...
Last Reply By MsKimberly · First Unread Post

How do you get great deals at Thrift Stores?

Forum: Save Money
“Thrifting is like mountaineering, but instead of getting intriguing views you get some good deals at the end” Many People shop at thrift stores- some out of necessity, while some love it! Either way, Thrift stores provide more appealing options if you are not more in to the latest trends. The best part? You can find something you love, at the ridiculously lowest price tag! Plus, you can save a lot of money like buying an entire bag of clothes for $20. You couldn’t even imagine how much...Read More...

If Money Was No Object, Where Would You Travel and Why?

Moore Income
I am a lover of travel and a huge advocate for people having dreams and seeking to fulfill their dreams. That being said, I am curious to know where my fellow Penny Hoarders would travel if money wasn't something you had to worry about. What would be your dream trip/vacation and why would you choose that specifically? Time to do a little dreaming!Read More...
Wil check that out. Thanks, BeckAtsillaRead More...
Check out Fresh Tracks Canada. They're a train travel agency in Canada that made my wildest dreams come true when I went to Montreal and Quebec. They have a cross-country trip option, but that's out of my price range.Read More...
I would love to travel to Costa Rica to go in the rain forests and see all the beautiful parrots, which I love! Also, the beaches there are beautiful!Read More...
Back to Paris...haven't been in 20 years. And, then I would love to go to Portugal, Spain, Italy. Heck, I'd settle for a nice train ride across Canada.Read More...
Last Reply By sthom · First Unread Post
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