 I have been billed for Food and Wine magazine.This was on my Feb statement. I did not order this magazine.? |
| Do you want to call them or should I? Also, I did not know that I had a credit of $16.50. What was that applied to? I pay our acct. on line when it is due. So, we should not have any finance chgs. A... |
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 Can I take out a small loan from a bank to improve a low credit score? |
| Some one told me to take out a small loan (3 or 4 thousand) and pay off debts and then pay off that loan on time and that would increase my credit score alot? Is that true....imean can i get even a ... |
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 What happens when a collection agency fails to collect the money that is owed on behalf of the creditor? |
| I have some credit card debt that went to a collection agency and I don't have the money to pay at this time. They know this too.Their settlement options were outrageous and the representative ... |
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 Is it safe to associate my credit card with paypal? |
| Have anybody did this before? Any bad/good thing occured please give your ... |
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 What credit card is best for me? |
| I am a 21 year old Junior In college with little credit. I have less than 15000 in school loans. Do i want cash back, points? I know of ppl that were late and thier interest shot through the roof?... |
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 If I do a balance transfer to just one credit card from 2 will it hurt my credit? |
| I recently got 3 low balance high interest rate cards. I got approved for $750 recently which was the highest and it has 0% for 12 months. Obviously I want to do a balance transfer but I am afraid ... |
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 What is the best Credit card? |
| What is the best Credit card offer out there for someone with good credit & pay history. I'm looking for something with low fixed interest and a points reward system... recommendations?... |
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 A cr. card company suing us in small claims court for a debt that is not on our credit report? Can they win? |
Additional Details
My fiance' doesn't even know if this is his debt? Since it is not on his report- how can we know? How could the collector prove that? I mean, it is pretty ... |
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 What's a good credit card for a 21 year old? |
I'm 21, and looking to build credit.
I'd like to apply for a card today, but first I thought I'd ask all of you which cards you would suggest for me. What's a good, reliable ... |
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 Does having too many credit cards have a negative affect on your credit score? |
| I have 2 major credit cards (one visa, and one mastercard), 1 debit card with the mastercard logo (I'm not sure if it's techinically a credit card, I don't think it is), and 3 credit ... |
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 I'm being charged a late fee on my credit card. Is this even a reason to be charged? Any advise? |
| I'm being charge a late fee of $40 for nothing!! I owed $27 for the month but after I returned something and got the credit on the card the balance was $1.06. I sent it on time and everything ... |
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 I need Help!! I have bad debt!? |
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 I have claimed back bank charges from my bank? |
| i have claimed back bank charges from my bank,totalling £1250 and they have sent me a letter offering me £725 as a gesture of goodwill that they will credit to my account if i accept it.However i ... |
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 What is the best way to build ur credit score? |
| I have minor stuff in collection and ive been told that it doesnt effect me much. should i pay it off? would that improve my credit score after its been in collection?... |
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 I have not so good credit my credit score is 593 and I want a credit card for the holidays? |
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 I am thinking about cancelling some of my credit cards, will that affect my credit? |
| i have a couple of cards, but am thinking about cancelling one or two, both of them are paid off. will that affect my credit in any way? my score is already at a low 568. i am trying to increase it.... |
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 Still on collection report after 7 year period (1999)? |
Ok.. was reviewing my credit reports and found numerous debts that are passed the "7 year mark", however they still appear on all 3 CRA (Equifax,Experian and Transunion).
What is the ... |
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BeThAnY | Building credit wih credit cards...? |
How long do you need to leave the balance on the card in order to build credit? For instance if I use it today, can I pay it off tomorrow and still build credit or exactly how does that work? |
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Michael
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Its not a good idea.
-Michael. |
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Cynnek.blogspot.com
 |
Use it for small purchases and pay it off in full every month.
No matter what people say, leaving debt on your credit card is never a good thing.
For now don't make any purchases on your credit card that you cannot pay off in FULL when your bill comes in the mail.
In a while get a credit card with larger limit and repeat. Than your credit will be okay.
Best thing for your credit as of now (I am assuming you are in your late teens to early 20s) is buy a car and make payments on time. |
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Sarah
|
Credit cards work kind of funny in the way that you're not really supposed to "need" them. The way to build credit with credit cards is with a good long history of good credit (having it) and using it responsibly.
So say your limit is $1000. That doesn't mean go out and buy $1000 worth of stuff and keep an unpaid balance. The balance means that is what you haven't paid back the bank that extended you the credit. It says to the creditors and credit reporting agencies that you are living beyond your means and you are a high risk.
What you need to do with your pretend $1000 limit credit card is buy something like once a month that is $100 or less. Buy gas, an outfit, a few bags of groceries and pay off that balance every month. You have to use it, because no activity suggests that you're poor and won't use it. Don't buy anything that you can't pay for THAT VERY DAY with what is in the checking account.
Do this for a few years and save yourself thousands upon thousands of dollars in interest on much larger purchases such as cars and real estate. The idea is long term discipline. |
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Grizzly Adams
|
Regular, timely payments build credit. Paying early or on time does not affect that process. |
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ebookrom
|
You will get no rating if you
use your card and pay it off
the next day.
It would take 6 months
But you should open
a merchants account
at your bank and charge
95% of one of your credit
cards to your merchants
account.
After the money is in your
merchant account transfer
it to your savings account
so it will build interest.
You should not spend this
money because you may
need it to make your payments.
Before your first payment is
due, transfer the payment
ammount to your checking
account, and write a check
to make your first payment.
Make sure it will not be late.
Repeat thease steps over the
next 6 months, and you will
have a good credit rating
with your credit card company.
Your bank will pay your savings
account an interest payment
every 3 months, it is like 1-2
cents for every hundred dollars
you have in there.
But your credit card interest
will be more than that, I am sure.
After 6 months of making your
payments on time, your limit will
go up. |
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xbluebellax
|
Your credit is brought up by making regular payments...the more higher the percentage of the total debt, the better. There is no point in paying the interest rates to get a good credit score. Your score will actually be better if you don't carry a balance...much better. |
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Melinda M
|
No--it works by you making payments-you can charge a small item say 100.00 and make payments for a few months--credit card companies can't make money by you paying it off the next day--you won't build up credit--call a financial adviser-your bank usually has one you can talk to for free-a good way to build credit is to put money into your savings account-then take out a small loan to equal it--say $500.00 using your savings account as collateral--put that money into your savings account too-then make payments on it--when you are finished making the payments you will have 1000.00 in savings and good credit-and it goes from there- |
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servant4god@sbcglobal.net
 |
My friend has done just that, payed off the card quickly, and then eventually he had build-up his credit to have platinum.
Plus the money saved has somewhat to do with the credit line you can have. |
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sprintcar1741
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DONT leave a balance. ALWAYS pay it in full at the end of the month. just because they dont make money off of you doesnt mean your going to have bad credit. whatever you buy make sure you have the money and can pay for it when your bill comes. dont buy anything you cant afford! just make sure to pay your credit card (at least the minimum, but full balance if possible) and NEVER be late. this will help you establish good credit. its also a good idea to not go over your credit limit. try and not to use more than 30% of your limit and you should be ok. for instance say you have a credit limit of $1000. then 30% of that would be $300. hope this helps! =] |
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Jeff
|
Using credit cards to build your credit is the same thing as paying the bank for FICO points. Does that sound like a good deal?
Read "The Total Money Makeover", and learn to live without credit cards.
You want to be a self-made millionaire?
Read what other self-made millionaires have done. |
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spacekowboy1965
|
Bad idea seen lots friends go down in flames playing that use one card to pay off another routine |
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