 How bad is my credit? |
I know I could get my credit score but it costs money and many of you are knowledgeable enough to help me out for free!
I'm only 19 but I want to get a car loan soon. I am wondering ... |
|
 Help! The bailiffs are coming.? |
| I've offered what I can afford to pay but they rejected it so I've put it in writing and am waiting for a reply. If this doesn't work and they come to my home how are they allowed to ... |
|
 Which looks worse on a credit report? |
| Having open credit cards with no balance, or cancelling them before they expire?... |
|
 I've been trying to get an auto loan??? |
| I found the vehicle I want to purchase. I am 20 years old. I can comfortably afford the payments. I only have 2 credit cards, with a total of less than $600 owed. (lol) I have never financed a ... |
|
 Credit cards: Is it better to pay off the full balance or make payments? |
Say you had a balance of 500$ on your credit card. When the bill came, would it be better for your credit to pay off the 500$ right away, or make above the minimum payments?
One of my teachers ... |
|
 Should I tear my oldest credit card or just cancel it? |
| Hi, I have my oldest (first) card which helped me acquire a credit history. It is now an unsecured credit card with its own benefits (my credit history is solid). My financial institution that issued ... |
|
 I was wondering if anyone can help regarding a debt i have? |
| This debt is my only one, but the problem is the interest they charge, as it's really high, so basically whatever i pay pretty much goes to the interest, so it will take me forever to pay it off.... |
|
 How can I get a 15,000 loan without a credit check? |
| I took a $17,000 pay cut about a 2 years ago. My wife was using our credit cards for basic living expenses. Needless to say we got way behind, we have 2 in court trying to get a wage garnishment. I ... |
|
 My visa card intrest rate is 19%, am I getting ripped off? |
| luckily my limit is only $1200 but is this a high rate for todays market? what is your interest rate? Should I try to negotiate for a lower rate? if so, what do I say? have you ever done this? ok ... |
|
 What is the fastest way to remove a collection from equifax credit report? |
| Im in the process of getting a mortgage and all of a sudden this(collections) pops up on my Equifax credit file. I know it will hurt my score already. I need to know the best way to go about ... |
|
 What is the best starter credit card? |
i just need to build a little credit..
and don't say i don't need one!... |
|
 Hi.I ran out of money because of job loss..i don't have a good credit and am here in usa on work visa..help me |
| Iam here in usa on a work visa and i ran out of money because of job loss as the company is not doing well.I don't have good credit and also i have certain medical bills and other things to ... |
|
 Can i use my U.S.A credit card in INDIA , its a visa card ?? |
| or do i need to apply for any special credit cards which i can use both in INDIA and U.S.A..................... |
|
 Has anyone ordered the free credit check with Experian? |
| If so, how did you find it (was it useful) and was it easy to cancel after the 30 day trial?... |
|
 How do you answer the question of 'Gross Annual Household Income' when applying for credit? |
| I have two roommates. None of us have any financial obligation to each other, other than paying rent and utilities. When asked 'What is your Gross Annual Household Income?', do I respond ... |
|
|  |
happyscrappycat | Do credit cards improve your credit score? |
Im trying to improve my credit score, (which is in the medium poor range), I just opened an unsecured credit card with a small credit limit, (300$), I was thinking of opening another small acount, Would opening an additional small account and keeping both accounts in good standing improve my credit score more or less than just maintaining the one account that I have opened? |
 |
 
bmwdriver11
|
Yes, as long as you always pay them on time, and dont carry a large balance, and also dont have too many of them. |
|
luckystar
|
yes credit cards are a good way to establish good credit....as long as you always pay on time |
|
Misty R
|
Too much revolving debt can hurt your credit score. Another option would be a small CD secured bank loan. If you can find a bank that has no minimum loan amount, then take whatever amount you can afford and open a bank CD. Most banks will loan against their own CD's no matter what your credit history might be because it is considered a cash secured loan. Not to mention that the interest rate will be MUCH lower than on a credit card. Put the borrowed money into an account and set up an automatic payment from that account to the loan. Then all you will have to worry about paying is what ever interest has accrued. Hope that makes sense! |
|
Mr.Wise
|
Most certainly! Any credit that you have that is paid promptly and/or on time will raise your score. A relative of mine filed bankruptcy & had practically zilch, he always had to use cash. He finally acquired a card with a small limit, paid regularly, & within 5-6 months his score went up app. 20 points! His limit was also doubled. Use only ONE card by the way. |
|
moin_anjum
 |
Every time you open a new account there is a dent in your credit history. The best way to improve your credit history is keep the current account in good state.
1) Pay the bills on time.
2) Don't open to many accounts in one year.
This is just a few points. You can check yahoo financial for points. |
|
notyou311
|
Only if you pay your debts on time. If you leave balances and pay interest, it will hurt your credit. |
|
tonalc1
|
A credit card is mainly to show that you are a good credit risk, i.e., you pay your bills on time. Just keep doing that.
The more you have in your credit line (i.e. the limit on your card), the worse it is. It shows that you have immediate access to a lot of money and could go into deep debt immediately.
Keep one card, and keep your credit line low. |
|
just me and my opinions...
 |
You need to keep your debt to credit ratio in mind. Some credit is good, but a lot may make lenders nervous since you could overextend yourself. I think it's something like your debt service payments on credit cards should be no higher than 1/3 or 1/4 of your take home pay. But if they are both small, and you keep up with them, it couldn't hurt. |
|
Stinger
 |
Opening both will help more than just the one, but youdon't want to open to much credit. Be sure to only use the card for things you can pay off as soon as the statement arrives. That's the best way to keep in good standing and not lose control and make things worse. |
|
starchild
|
Actually, having too much available credit is a liability and will start to count against you. Watch the amount of credit have available compared to how much you earn. That is what lenders will be looking at. If your credit is only like a third or fourth of your earnings you should be boosting your score as long as you keep all payments on time. Not just credit cards but utilities, insurance, and car payments too. Just keep the one card in good standing for now so as to keep from over extending yourself. Taking out a loan for a car or other small loan is a another good way to boost your score. |
|
Tony
|
Not really. A loan with monthly payments is better. |
|
educated guess
 |
Too many credit cards can actually hurt your score. But if you are just now obtaining credit, it is okay to open a few at a time. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 15 minutes(s) ago
| | | |
12 | 22 minutes(s) ago
| | | |
12 | 42 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 4 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
12 | 10 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 5 day(s) ago
| | | |
12 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
