 No money to pay anything now!!! please help!!!? |
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 Can creditors force the sale of your house? |
| Very little equity in the house, we are in the process of doing a proprosal but am afraid they might force the sale. Ontario, C... |
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| I lost my job. I fell behind on a credit card. They constantly call my home (I don't live at home). They accepted a $155.00 payment from my mom over the phone & told her that that would ... |
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 How long does it really take for negative things to come off your credit report? |
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 Currently, what is the best credit card deal on transfering a balance? |
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| I have an old collection account from 2004. I have called the collection company and they said that it was also paid. They have told me to have the bureau contact them to verify. NOW if I do that ... |
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| Quick question that has me confused. Let's say my credit card payment isn't due until April 12th, and I pay on the 29th of March... would my payment apply for the month of April? Or would ... |
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| A lawyers office calling for my brother asking for a debt. harassment? |
| Hello, My brother moved out about 3 months ago. I get these phone called evey day asking for him and i tell them he dose not live here anymore, stop calling here. I did stop for about 2 weeks, then ... |
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| I am about to apply for a car loan via the Internet, and even though my credit is not so good, my cash is! So anyhow I was wondering if applying with a cosigner has a more positive affect than ... |
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| I would like to transfer balances to one card Iwould like to have only one pament a month to worry about. Pros- Cons?... |
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I own a home now, but want to move. My credit has gotten bad since my last home loan. I would have at least 20% to put down on a new loan, do you think I could find someone who would finance me?
... |
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piesw33ts | Credit Card Trouble? |
Hi, about 6 months ago I applied for my first credit card and got approved. I made payments on time and never went over the limit. After about 3 months they increased my credit limit. But all of a sudden I lost my job because they had to move to another state. I started using my credit card to pay for bills after finishing everything from my savings account.
Im only $10 away from my credit limit and stopped using it since I dont want to go over. Would this still give me bad credit since im so close to my limit? |
 |
 
2012
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not at all, just pay your payments on time! |
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QandA
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it will show up on your report as a minor negative since you have a high credit debt to available credit ratio but as long as you don't go over your limit and make your payments on time there shouldn'tbe any major long term damage. |
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markus878821
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Take a look at this information page http://www.youbigg.com/Credit-Cards.html it lists types of cards and information, it should also answer your question. |
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Kevin K
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Yes! A major factor in FICO scoring is what is called your credit "utilization" ratio. That is, the amount of credit you have outstanding vs. your credit limit. Here's why getting close to your limit is bad:
When people are not in financial difficulty, they generally pay off their credit cards monthly or leave a small balance. The closer you get to your limit demonstrates that your expenses are exceeding the amount you have the ability to pay off, and so this affects your score. If you charge more than 60% of your available credit limit, this will drop your score slightly. However, charge over 90%, and your score will tumble! |
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moonman
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any card with a ba;ance over 50% will have a slight negative effect. But the effects will be erased as soon as the balance is cut below half. So if you aren't using your score now, it won't affect you as long as you pay it off. If you do need a car or home or another credit based loan, I would consider spreading the debt out over two cards, if you are sure that you can keep the balance of each card under 50% |
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Jen
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it won't hurt your credit unless you don't make the payment. if you don't make the payment, they will add a late fee. when they add the late fee, you will be over the limit. when you go over the limit, they add over the limit fee.this quickly gets out of control. do whatever you have to do to make that payment before you screw yourself. |
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s g
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This will most definitely not result in anything negative on your credit rating. The key to maintaining a positive rating is to continue to pay your minimum required by the due date and you'll be fine. This may begin to get tough for you as you're not working but if need be, borrow just enough from family or friends to meet the minimum until you get back on your feet with a new job.
Good luck...!!!
Cheers :) |
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Matt
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As long as you don't go over your limit, make at least your minimum payments, and make them on time, your credit won't be affected at all. |
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