PlasticTrees asked:

Or is it credit to debt ratio? Either way, I am a college student with 1k of bad marks on my credit report from years ago.

I want to get a secured credit card for the amount that would look good to lenders like “this person pays on time and has a valuable credit history w/some lenders” (ie my dell account is on there which is good and the secured card would add to it).

Am I making sense? How can I do this? I’d rather not pay off the measley 1k, it should be removed within a few years anyway.

Pearl

at asked:


I am planning to do a 1031 exchange sell one high price property and buy couple other properties.

My FICO score is around 670 but because of the number of rental properties I currently own, it puts my debt ratio to unacceptabe high to qualifiy any conventional 20% down loan. Any body knows what other loan programs out there that would easier to qualify and with what % of down.

Clinton

Bigsky_52 asked:


Simply putting a number ($700 billion) to projected additional debt isn’t enough to determine if taking on that debt is good, bad, monumentally beneficial, or monumentally stupid. I’m wondering if anybody knows what the bailout is projected to do to our debt ratio as a percentage of GDP. And if anybody can correlate debt ratios to economic growth that would be fabulous. We’ve always kept our debt contained by growing our economy even faster than the debt. Over the past 5 years I wonder if that’s still true. Can anybody point me towards some hard numbers or non-partisan analysis?

Ron