 I cosigned on an auto loan for a year the person I sign for does not want to refinance. What can I do legally? |
| They have ruined my credit because they are late with payments. I made the mistake to co sign now how can I fix it. They are in-laws; my husbands son. How can I have the finance co. take me off ... |
|
 Paypal question? (seller not sending items)Help Please!? |
| Here reciently i baught 147$ worth of movies off a seller on ioffer.com threw paypal. As soon as i paid they seller closed down his ioffer account and stoped contacting me its been over 9 days now ... |
|
 Does anyone know of a lender for a bad credit personal loan? |
| Have bad credit but need to get a long term personal loan.... |
|
 How do I get out of debt? |
| I have horrible credit and i just need a way to get organized and get out of debt now! i'm 20 yrs old married and yet we STILL live with my mother!!! HELP!!... |
|
 I have 10 credit cards open, is it better to have open credit card accounts with no balance or to close them? |
| My credit score is a 690 and I want it higher. If I close some of my credit card accounts will it go up or does it show negatively when you close accounts?... |
|
 About to turn 18 and I want to establish credit. What's the best deal on credit cards? |
| I've already been getting credit card offers in the mail and I have no clue which is the better deal. I don't understand anything really about interest and APR or anything... Can anyone ... |
|
 If your unpaid cc bill goes to collections but u now want to pay,? |
can you start making payments thru the cc company again or do you HAVE to go thru collections?
(last payment was SEVERAL months ago. collections has been calling me but i havent picked up. ... |
|
 How to build credit? |
| i was just wondering on how to build credit, i know way how to i was just wondering if anyone else had any ideas i am 20 years old and i want to get a new crotch rocket next year and i need credit i ... |
|
 Please help: How do I get a bad credit loan that is more than a payday loan? |
| I have a bankrupcy and then married a man who has very poor credit. However, I have a good income at a stable employment. I am even willing for automatic withdrawls to assure payment. I just need ... |
|
 How long does it take to get your money back after canceling an order online? |
| I ordered from MAC and I cancelled the order. They told me to just reject the package when it comes to my house. Do you know how long it would take for my money to be back i my account?... |
|
 What can i do to build credit??? |
| i had a little credit... now its bad credit... how can i build it back or get good credit? what the easiest way?... |
|
 How to fix my credit? |
| I have pulled my credit report from annualcredit reports.com. I have a few negatives on my report but I think that I can have them all paid out within 2 to 3 months. After paying my negatives and ... |
|
 Can my credit card company, namely Chase do this to me?!?!? |
| I have flawless credit but due to some unfortunate things, I had to rely on my credit cards and have high balances. I have not been late on any of them or any other credit obligation that I have, in ... |
|
 Capital One vs. Bank of America? |
| I am 21 and trying to establish credit. I have 3 department store credit cards that I use and always pay them on time and keep them at a balance that if something was to happen I can pay it off in ... |
|
 What powers to creditors/ court have to find me? Please i want people that know what they're talking about. |
I have asked 2 questions that maybe haven't been specific enough, please dont give me answers like they'll find you. I need someone that knows what they're talking about..
Im in a ... |
|
 I met some chic online and now she needs my information to cash a Cashier Check. can i get in trouble forthat |
please read this and tell me if i should do it. it is an email some chic sent me after only a few emails. i personally don't think i should do it.
I am really worried today,i was in a ... |
|
 Have bad credit,financial problems,need help re-establishing credit for better future? |
| have good jobs but we are barely getting by have no options and no finances to work ... |
|
|  |
O->--< | Do credit cards without balances affect your credit report? |
Is it true that your credit is affected not only by the credit cards with balances but also those without balances?? |
 |
 
KING
 |
This is an evaluation after reading all the answers you were given.
First off *** do not close any of your credit card accounts. You need that history.***
All opened credit cards affect your credit score ! I agree with some answers that having a zero balance shows inactivity. So using them and paying them all off at the end of the month will not necessarily help your credit score.
What I suggest is putting a very very small balance on that card and make the minimum payments. Don't even use 30% of the card. This will help you continue to earn a good credit score. Having a well round of credit card accounts with low balance that are paid on time will help you improve your credit score the most.
Your score will not be affected negatively by too much credit limit. The only way your score will decrease by too much credit limit is if you have A LOT of cards. (Like in the 20's) The scoring system does not score you on your take home pay vs your credit limit. This is something a creditor might judge you own. (Remember when you applying for an account each creditor has their own criteria they are looking for.)
You will need a couple of MAJOR credit cards, and a few small revolving accounts. Please limit the department store accounts. |
|
AMY
|
Any credit card you have that is open, whether you have a balance on it or not, shows as an "open line of credit" which can either help or hurt your cause. You can be looked at as Overextended if you have too many open lines of credit based on your income. |
|
fatkidd_98
 |
Your credit score is made up 35% payment history, 35% debt to income ratio and account longevity, and 30% for alias' previous addresses, and a number of other small things.
While a couple of open accounts with no balance helps you, the potential liability of you running wild and being able to max them out and over extend yourself does play a part in the debt to income ratio. Be sure to keep your oldest account open. If the interest rate is high, ask them to lower it because you have paid and have a 0 balance. If they won't, tell them to close the account. They will quickly back up and drop the rates.
If you have several accounts open, close a couple of them. As a general rule you want to carry a balance on one card and keep one or two others paid off. Even if it's groceries on week on a card and you pay it off the next day.
I have found one way to help re-establish is to use a credit card like a debit card and pay it online daily or weekly if your servicer allows multiple monthly payments. It keeps the account cycling and reporting positive. |
|
What's Up?
|
Yes! Click>> https://www.annualcreditreport.com/cra/index.jsp This central site ( Central meaning 3 Equifax, Experian and TransUnion).allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
AnnualCreditReport.com is the official site to help consumers to obtain their free credit report.
This site's security protocols are designed to protect your personally identifiable information from unauthorized access or alteration. Measures include physical and
technological security and encryption of certain information. |
|
mr_crankypants
 |
Yes, they impact both your credit score and your credit report. Your credit report lists all your open accounts, and your credit score can go up or down depending on different factors but applying for a new card and/or closing an account certainly can impact your score. |
|
financewitch
|
yes, It shows that you have credit available to you and it is a good thing is helps your score |
|
xCaMeRzRoCkZx
|
Sometimes, It depends on the buissness... Sometimes it says if you dont use it its like not being able to use what is in front of you. haha, or something like that. But it sounds more Legal... |
|
Jay V
 |
If youve never used the credit card its like not even having it . If you use it periodically for small things then pay it at the end of the month , thats how you get good credit ! |
|
$m¤¤v¥ £¤¢¤
 |
Ok, everyone's posted their answer on here, so now I'm going to post mine. Yes, credit cards w/o balances can affect your credit report, especially if you're not using the account. If you're not using it, the account doesn't report any activity. The credit scoring system is designed to where it should be consistently used, but not overused. Anywhere up to 30% of your available credit is allowable. While it's ideal to have a 0 balance, sometimes the activity from month to month on the account may or may not reflect on your report. |
|
BOOBABY
 |
Yep.....it shows as a possible liability. It affects your income to debt ratio. |
|
dwp_hornblower
|
The credit report will show any credit card accounts that are open. However, I am pretty sure that have a zero balance on a credit card can only help your credit report.
No one should have a lot of credit card debt; that hurts the credit report. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 37 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
11 | 7 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 2 week(s) ago
| | | |
11 | 3 week(s) ago
| | | |
11 | 2 month(s) ago
| | | |
10 | 7 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
