Facebook shares sink 11 percent as reality overtakes hype(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday … More »Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq …
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SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion …
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NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector …
Apple still dominates world's top brands: study(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published … More »Apple still dominates world's top brands: study
(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published on Tuesday. The iPhone and iPad maker has boosted its brand value by 19 percent in the past year to $183 billion, or 37 …
Exclusive: U.S. lets China bypass Wall Street for Treasury ordersNEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, … More »Exclusive: U.S. lets China bypass Wall Street for Treasury orders
NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People's Bank of China buys U.S. debt using …
Silicon Valley takes Facebook fizzle in strideSAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by … More »Silicon Valley takes Facebook fizzle in stride
SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now. ...
Flurry of arguments start Gupta insider-trading trialNEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading … More »Flurry of arguments start Gupta insider-trading trial
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday. The defense punched back that the government had no direct evidence. Gupta, 63, once a boldface …
U.S. lawmakers frustrated in Wal-Mart corruption probeWASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer … More »U.S. lawmakers frustrated in Wal-Mart corruption probe
WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer familiar with the investigation said. Attorneys for Wal-Mart briefed the committee earlier on Monday about the company's …
Insight: Morgan Stanley cut Facebook estimates just before IPO(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, … More »Insight: Morgan Stanley cut Facebook estimates just before IPO
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial …
- Some investors still await confirmation on Facebook orders
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NEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades for Facebook shares were completed on Friday. Massive demand for the social networking giant's initial public offering on Friday, which set a trading volume record for U.S. market debuts, …
- Facebook stock slide puts new pressures on company
SAN FRANCISCO (Reuters) - Facebook Inc's underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth - a novel situation for Chief Executive Mark … More »Facebook stock slide puts new pressures on company
SAN FRANCISCO (Reuters) - Facebook Inc's underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth - a novel situation for Chief Executive Mark Zuckerberg, who has been clear he is more interested in building products than making money. Facebook shares fell 11 percent …
- Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation … More »Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation to Ireland to save on taxes. The deal, Eaton's biggest ever, will allow the company to offer a broader range of electrical …
- Nasdaq announces plan for unfilled Facebook orders
NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial … More »Nasdaq announces plan for unfilled Facebook orders
NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial restitution for investors who did not get shares at the desired price. The Financial Industry Regulatory Authority …
- Early Facebook mutual fund buyers still in money
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares … More »Early Facebook mutual fund buyers still in money
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its initial public offering on Thursday. Despite an initial bump in their market debut …
Barclays to sell $6.1 billion BlackRock stakeLONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. … More »Barclays to sell $6.1 billion BlackRock stake
LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $15 billion purchase of Barclays Global Investors, …
Question
How do I buy a house with bad credit?
I was really stupid when I was 18. I moved out of my mom's house (not by choice) and lived with my boyfriend while I was still in high school. I had trouble paying my bills and getting the things that I deemed "Necessities" at the time (cloths, food, whatever) so I used as many credit cards as I could get my hands on to help get me by. The trouble was I couldn't keep up with all of the payments so I stopped paying quite a few of them. Eventually I paid most of them off which was a big rip off to me considering all of the interst and finance charges and late payment fees that I acrued, but I still have a couple to go. I am 26 now, I have a family and I'm paying a ridiculous amount of money to rent an apartment. My goal is to finish up paying my existing debt in the next 2 years. I'm too afaid to check my credit score but I'm afraid that it'll stop me from getting a home. I've become really good at paying my bills however, their all in my boyfriend's name to increase his credit.
5 years ago - 13 answersBest Answer
Ann, if you have not done this before please visit www.annualcreditreport.com. This web site provides a free credit report which you are allowed to pull every 12 months. Once you do this look it over see if everything is correct. From personal experience I've had clients with bad credit say it was good and ones with excellent say it was bad.
First step would be to try to get it to go up as much as you can without getting a third party such as a credit repair agency involved because that can cost you about $1500+.
I can give you a few tips on what you can do to increase your credit score, but if you're looking to get into the house right away chances are you CAN get a loan. Only problem with this loan would most likely be the high rate and high down payment required, but if you can last for a year on such a program you can get your credit back up by just having a mortgage and making your payments on time.
Basic tips on how to increase you credit score:
-Ask for your credit limits to be increased.
-Keep you balance to limit ratio at 50% and not more
-Do not close any credit cards(even if you don't use them)
-Opt out of prescreening by credit and insurance companys. You can do this by going to www.optoutprescreen.com
-If you have a collection less than 6 months old pay it off and if it's more than 6 months do not touch it. Do not try to pay it off, as all it will do is in a sense awaken the account and drop your score.
-Also if you have a buddy who's got a credit card with a "huge" limit it would benefit you tremendously for them to add you as an authorized user.
Hope this helps and good luck!
Source(s):
I'm a mortgage consultant and I help people with bad credits get back on track on a daily basis.
5 years agoOther Answers
I was searching the Internet and discovered a website that provides free advice on mortgages, loans, debt consolidation, refinancing, new home purchases, home equity loans etc. They have an article about building your credit after bankruptcy. They also have a directory of rated best lenders accros the United States. Their loan experts can shop for the best rates and lower payments for you. Maybe you should try them. mortgage.yeyeyup.com
Source(s)
by Cathy V - 5 years agoYou need to correct your credit score and the only way to do that is by knowing your FICO score and by taking a look at all your credit scores. Dont be afraid. You need to reign in your finances and the more in control you are of them the easier it gets. I had a similar problem 4 years ago but I got things under control and I have to say that Suze Orman's books helped me immensely. Check out some of her books and read about how to get your FICO score up and work yourself out of debt and into good credit. I have read them all and her latest is especially for women in situations like yours. Suze is great with debt, she isn't the best at investing though(stocks). Good Luck!
by Brightgirl - 5 years agoYou have basically two options. Save up and buy the entire thing in cash or a really large downpayment to lower your mortgage interest rate. Or fix up your credit. It normally takes about 7 years to fix up your credit score if you've gone bankrupt but seeing that it's been a while since you were 18, your credit may not be so bad.
Go check your credit score. There are 3 main companies that check your FICO score. I forgot all their names but you can usually check it for a pretty cheap fee and sometimes for free. Or just pretend you're shopping for a house and ask your mortgage broker. Check www.bankrate.com for up to date mortgage rates.
Either improve your credit score, save up a very large down payment, or find someone to cosign. And if your credit needs improvement, why are you letting your current good record go toward your boyfriend's credit instead of your own?
by Judy - 5 years agoBad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is a straight to the point ebook with question and answer I found :
umgarticles.atspace.com/debt-consol...
if it helps kindly remember me in your voting!.. cheers!
phone baycorp or your credit union. You may not have a bad credit rating at all.
by marlane l - 5 years agoOk, You sound scared and that's understandable. Why don't you go to Lending Tree (I am not affiliated with them). Enter your info on line. My understanding is that 3 lenders will work up an estimate and call you back.
You are not obligated and then you will know.
You may be surprised.
Good Luck.
Source(s)
www.lendingtree.com
by Cynthia L - 5 years ago
