 Does identity theft have a connection with car theft? |
Additional Details
lets say you leave your credit card inside your car and your car gets stolen.... |
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 Fico score of 683, but Wells Fargo denied car loan. Can I get a pre-appro. loan elsewhere? |
| Fico of 683, but WFargo denied me a pre-approved car loan due to bankrupcy 4 yrs. ago and a charge-off on a car loan to another bank 6 yrs. ago. My credit since bankrupcy is great. I have three 8.9%... |
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 I have a low credit score. What can I do to raise it? |
I've heard you should get 3 credit cards and make all payments on time. Is this right?
Also, what if I get 3 credit cards, and just never use them? Do I have to have current ... |
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 Credit card question? |
| I have a credit card through chase, the chase freedom card, comerica visa card, i am looking for another one to build my credit up, i applied for an american express card and they denied me, i was ... |
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 I claimed bankruptcy but wasnt smart enough to take my gf name off the Visa now she owes $4,500 what can I do? |
| I claimed bankruptcy, but wasnt smart enough to take my gf's name off the Visa, now she owes $4,500, and are threatening court action if she does not pay in 10 days. What options does she or I ... |
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 What's the best way to get credit? |
| I want to ge ta credit card and can't what's the best way?... |
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 Advice needed. I feel hopeless, but there's got to be a way out. Any ideas for a strong future? |
| My goal is to own a consignment shop. I defaulted on my college loans years ago, but have been paying them off with no late payments. My college loan is my ONLY debt. (no car payment, no credit ... |
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 Is my credit good for 20yrs old? |
I am 20 years old and have a credit score of 735 from the big 3.
I have a no debt and 7 inquiries on my credit report.
On my report is says I have a debt of 1900 but that has been ... |
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 Do you believe it ok to file bankrupcy? |
| im 14 and i have to do a project for skewl and i need to get people ... |
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 I need help?? i co-signed for? |
| I co-signed for my sister.And she still hasn't made a payment.I got a letter today saying how much she has to pay.My question is is it me and her getting the bad credit or is it just me? I am so ... |
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 First Time Credit Card! I don't want a very large credit limit and i want to choose my design. Please Help! |
| This is my first time trying to get a credit card. I am trying to be as careful as possible because I dont want to ruin my credit at only 19 years old. Im looking for a credit card that I can choose ... |
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 What can I do to bring my credit score up? |
| My credit is bad due to my divorce. My score is 549. I have some charge off's . When my ex left me i was more focused on making my house payment than my credit cards. I would send them less ... |
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 Is it common for credit card companies to charge a "foreign transaction fee finance charge"? |
| I recently traveled out of the country, and used my credit card several times. On my two most recent statements, I see this foreign transaction fee finance charge. It seems ridiculous that they are ... |
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 I need to get a loan.help? |
where is the best place for me to apply for a loan?i dont own my home,i work part time.i want to put all my debts together in this loan as i am struggeling at the moment.
Additional Details<... |
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 I need to get some money from my credit card but i have forgotten my pin. ? |
| if i go into the local branch what details will i need to withdraw some money?... |
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 What interest rate can I expect on a mortgage loan with my credit scores? |
What interest rate can I expect on a mortgage loan with my credit scores?
Today I have 564 588 654...I am hoping to have my mid-score up 10 pts by tomorrow, and then i am applying for the loan ... |
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 Should things like bank accounts, passwords, credit cards be just for you? |
| Here's w hat I believe. I believe that some things in life should be just for you only. Its not a lack of trust but there are some things I refuse to share like bank accounts, passwords, etc. W... |
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hot choclate | Does closing off credit card account's once there paid off effect your credit score? |
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Mariposa
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Yes, negatively. When you close the account, you have less credit available to use, so your credit usage ratio compared to credit available is higher. Plus closing an account, shortens your average account age. Both items are calculated into your credit score. |
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Proud Mama of 4
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Yes, don't close it. Unless you have large amounts of money available to you, because this can harm your ability to get a loan too. |
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Msknowitall
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Yes. Normally, it will lower your score, but it depends on a few things.
How old is this account compared to your other accounts? If this is one of your older accounts (or the oldest), then closing it will shorten your average account length (and if it's the oldest, closing it will shorten your credit history length). Shortening your credit history length is bad for your score.
A big part of your score is credit utilization. Utilization is the amount of revolving credit used divided by amount of available revolving credit. In general, the lower your utilization, the better for your score (scores seem to really go down when utilization is above 30%). If you have $500 charged out of a total of $2,000, then you have 25% utilization. If you close one of your cards that had a $1,000 limit, now you have $500 charged out of a total of $1,000 and then your utilization would be 50%.
All that being said, if this card is charging you a large annual fee (or even worse a monthy fee!), then maybe you should close it. Unless you are planning on making a large financed purchase, there is no need to live and die by the credit score.
Good luck. |
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lucyanddesi
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One evaluation of credit score is how much UNUSED credit you have. It helps your score to have high-value credit lines NOT in use.
But it hurts your credit score to have lots of low-value credit lines open, even if you're not using them
So, close the ones with low values, and keep the ones with high values. |
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J R
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Yes, the best thing to do is shred the card, and leave it alone. It will help boost your score |
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John S
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yep, because by paying off the card and leaving it open your credit report will show that you have access to it and could use it at anytime and therefore it is counted against you as if you had that card maxed out even though you do not. if its like a $500 limit, you may want to consider leaving it open if you do not have money put away or other options for emergency's because that wont make a very big difference, if its a higher limit you may want to consider calling the credit card company to lower you credit limit if you think you may need the card down the road if somthing comes up. otherwise just close it, im not totally sure how many points your credit score will go up but it will go up. |
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Box815
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Yes, it lowers your score.
The amount of UNUSED unsecured credit is a factor in your credit score. While it may seem counter intuitive, the amount of unused credit as a percentage of your total credit limit is a factor. The higher that ratio the better. |
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CINDY B
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I am not a credit expert...I can tell you that more of what your credit score is based upon - depends on things like payments you were late on, or payments you never made.
Closing a credit card does help, however.
Be sure to pay off the card, cut it up and send it back to the issuing creditor...along with a dated & signed letter that you are closing your account and returning the card.
If you payoff an account and simply keep the card, and use it anytime within 6 months of inactivitiy, it is still considered an active account. |
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jwjkrjstorm
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Yes - it improves it. When your credit report shows that you not only paid off the accounts but that you closed them voluntarily, that is looked at as very favorable and it will make your credit score go up. Check out the website below for more information. |
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Charlie
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Yes. If you want to build the rating, email me.
caardvark@hotmail.com |
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flammingoose
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No. |
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