I have only encountered sites such as creditreport.com that force you to give them a credit card # to complete the report. Then you are automatically enrolled in some garbage. If you don't ...
heya. going to be a bit confusing.. but il try explain.
i signed up to have a credit card a while ago. then i got it in the post and cut it up, cause i had few money problems.
anyway online ...
My first credit card was a Capital One Platinum Standard. I didn't really have anyone to explain to me the possible fees that come along with these cards, so when I got my first bill, it had an &...
From January until yesterday I was supposed to be a part time employee (30 hr vs 40 hr/week). I was told that the paperwork was in order. I did think that my pay check was perhaps slightly higher ...
Today my husband received a call at work from an attorneys office saying that we need to make payments or they will repo my furniture. I can either voluntarily give up my furniture and have them put ...
I have recently got one and am obsessing a bit over ebay, but it started with £290 in it, I have so far spent £45.78 on ebay but when I log into the halifax online website, it says my "...
I am ordering some stuff from Amazon UK to be delivered in UK. I am from Pakistan and using my Visa debit card. I have previously made international transactions through this card on other sites and ...
I was wondering if you build credit using store credit cards? I have one Visa Credit card and about three different store credit cards, like a Macy's Department store credit card and a Banana R...
I did not get a cc in my youth because I didn't want that responsibility when I was so young. Now that I am older I would like a cc but I was just denied because I have no credit history. If ...
I opened up a Disney rewards card back in 2007 which I never used until almost two years ago. I screwed it up really bad and went over my limit and was ...
i recently got a capital 1 card and cant believe the charges on it u even get charged 3 pound for withdrawing cash which is more than an ATM machine so i was wondering can i apply for a credit card ...
I have VISA Debit card and when i opened few websites for buying some things but when i cash out my cart and when I saw the payment information, i saw please enter your credit card number but there ...
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Credit Score Changes for 10 points, Alex?
I have 3 quick questions regarding the information used to calculate credit scores:
1. I'm a college student who just applied for my first 2 credit cards a few months ago. Roughly how much does your credit score increase each year if you pay off your balances in full?
2. I know applying for additional credit lowers your score. How long does it take before your credit score is no longer penalized for opening these new credit lines?
3. How far retrospective is the credit utilization ratio? Is it the ratio of credit used for the past 6 months? 1 year? 10 years?
1) This varies with everyone, how often you are using the card(s), what the balances are, etc. Considering that there are a number of different factors in addition to paying off balances, you cannot link the overall change to any one factor.
2) Credit inquiries remain on your report and are calculated in your score for two years. What you want to do is space out the inquiries, say 6 months apart, so lenders do not get the impression you are opening lines of credit all at once.
3) Monthly - the ratio is calculated at every update and built into the score - this is not really a look-back ratio, but rather a current ratio.
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