 I Cant understand why so many of my friends have debt problems? |
| But yet they want to buy a new car every other year. They want to buy £90 pairs of shoes have 2 holidays a year etc etc. Then they wonder why there credit card is "Maxed out" Why do people ... |
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 How do you get a car loan if you have no credit, but bad credit? |
One of the things car dealers look for is established credit, if you do not have it they offer the first time buyers package.
Only I don't qualify because even though I have no credit,... |
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 What are some ways (that won't cost money) to moderately improve your credit score? |
Additional Details
I heard you can improve your credit by selecting the 'credit option' versus the 'debit option' when using your bank card. Is this true?... |
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 What makes a good credit card? |
| i am interested in getting a visa card but unsure how to find something ideal for a ... |
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 Is net shopping through credit card safe? |
| I want to purchase some items from US. But i am worried .... |
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 We've been approved for a home despite our low credit score? |
| We have mostly medical bills on there. What are some of the things that could stop the closing dead in its tracks. We're building our home and I am just not excited at all fearing that the ... |
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 BAD CREDIT AND NEED credit card? |
| I WAS WONDERING IF ANYONE KNOWS OF A CREDIT CARD COMPANY THAT WILL ISSUE YOU A CREDIT LIMIT WITH NOT SO GOOD CREDIT. LIKE BANKRUPTCY, REPO ETC..THE MONEY IS NOT THE PROBLEM BUT I HAVE BANKRUPTCY OVER ... |
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 Does it look bad when I request my own credit report? |
| A woman reviewing my credit at a credit union today said that it generally looks bad if my report has been accessed 6 times in one year by credit card companies or lenders. When I access it myself...... |
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 I am trying to clean up my credit. I was wondering what is the fastest way to get rid of it? |
| I have 5 credit accounts: $183, $1,027, $1,551, $4,300, $6,400. I just started working a little bit over a year now as soon as I got out of college. Is there anyone I could talk to about getting any ... |
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 What would you do if...? |
| Someone you know or someone thats related to you got a hold of your ssn and used it to get credit cards with your name on it cause they're money hungry? I'm having this problem and I don�... |
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 Why can't Americans pay their bills on time? |
| The current credit crunch crisis stems from the fact from the American people's inability to pay their mortages on time. Why is this the case?... |
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 What do you do if someone gives you a check and the check came back NSF and there account is closed? |
| I received a check and I had deposit it and it came back NSF and I cant get in touch with the people and there accout is now closed, what do I do?... |
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 I am a small business manager. A debtor owes $250 and moved out of state. He owns no real estate.My options? |
| BTW, in my business, all the income is in small "bites"-- $25, $35, etc. so I'd rather not just let $250 just slide. The debt is 2 years old (and not bc we didn't try to collect). ... |
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 How much do Credit Repair companies charge? |
Any idea how much it costs to have a credit repair company try and fix your credit report
Additional Details
I know that credit repair is mostly a scam, but I'm curious about the ... |
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 Fiancée's Parents Taking advantage of and ruining her credit? |
| My fiancée's parents have used her credit for the past couple of years for cable, internet, and other utilities. She spoke to her mom about it and her mom supposedly canceled the dish account. T... |
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cap1 | Credit card full payment before due time - how it will affect credit score? |
is my credit score negatively affected (even if capital one doesn't report my credit limit)? i always pay in full and before due time. |
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want2quit
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It should have a positive effect on your credit report and score. |
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Jason C
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It does not affect your credit score however you would not be what a bank would call a good customer.
Banks make money by charging you interest. So they are not making money from you. |
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GEE-GEE
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It will not do anything to your credit. If you are trying to raise your credit score you can not pay it in full each month. In order to build your credit you need to leave a small balance on your credit cards each month. Its the only way that they can tell you are actually using your credit cards. If you pay them in full each month your credit report will show your credit limit and then a zero balance. Looks like you never used it.
I have been in the mortgage industry for over 15 years and definitely know how to read credit reports and know how to help raise credit scores. |
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Don't even think about it
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every month shows on your credit report. every payment. how could you misunderstand "paid on time"? as a negative |
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lazyd112
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Paying it off in full will raise your credit score slightly, and of course remove the risk of running up debt due to interest rates, etc.
As was said before, leaving a small balance is a better idea if you want to raise your credit score. Credit issuers like to see you pay back a debt over a couple months compared to paying it all off at one time. It gives them a chance to see how you handle monthly payments, and of course, gives them a chance to charge you fees if you dont make the payment. By paying off your balance in full every month credit issuers dont get to see how you handle debt and monthly payments.
Also, Capitol One is notorious for not reporting credit on time or for several months at a time. If at all possible try building your credit with someone who has a better track record in terms of reporting credit.
You can find more info at the site listed below |
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Raspberry Vodka
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Credit scores based debt-to-credit ratio. Just because you pay off one credit card doesn't mean you don't have debt with other cards. If you want a good credit score your debt-to-credit ratio needs to below usually 40%. Paying in full doesn't really do anything. Sometimes if you pay in full before a certain time you pay without interest which is good but that's about it. |
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justme
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If you pay your card before the due date, it can only improve your credit rating. |
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Fearless Leader
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It will have no negative impact if you pay your balance in full. However, oddly enough it won't have any more of a positive effect than paying the minimum payment, either. |
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calliope320
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Paying before it's due is fine. You should see "high balance" on your credit report, so long as that number is correct your usage of the card is being reported.
Also, for the purposes of calculating your total amount of credit and your usage ratio, your credit limit that CO is not reporting is replaced by your high balance. If you've never maxed out your card, it's not a bad idea to take a cash advance and pay it the next month so that your limit is properly reported.
(If you go over your limit and it doesn't get rejected, that'll be your new "credit limit" but that's not an advisable way to play the game because of fees and probably higher interest rates.) |
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harish
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Small steps like paying your bills on time and using only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected in your credit record. More tips available at http://www.acreditlibrary.com/buildcredit.html |
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Hopeful
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This unfortunately is not helping your credit although you would think that it would. The best way to increase your credit score the fastest is to keep your balance at least half of the maximum that is owed for at least 3 months and you will see a drastic increase in your credit score. |
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