 Credit card debt and ccj? |
| emigrating to U.S with credit card debt and ccj, after 5 years will they give up, or will they find me anyhow.Not leaving a trace of ... |
|
 Bank canceled my credit card. Should I continue to pay? |
I just got a notice from the credit card company that due to my bad credit they have canceled my card.
I have a high balance in this card. I tried to keep this card in good shape by ... |
|
 Got a letter today telling me i owe Tmobile £250+, but i havent been with them for over 7 years!? |
I have always been up to date with my bills, and i know that i have NO money outstanding on that old account!
Is their any way to prove this, i think they may have made a mistake and mixed ... |
|
 Is there any advatage to making an extra mortgage payment per year? |
| I've heard that if I have a 30 year mortgage, making the extra payment can take close to 10 years off the mortgage.... |
|
 Do you think i will get the auto loan? |
| i have fair credit, my credit score is 604, i make about $800 a month and i had a cosigner who has a credit score in the 700 and makes $1500 a month, im trying to finance a car for 14,000 and im ... |
|
 If you owned a Dollar Store - would you hire someone with bad credit? |
Someone that has a car about to be repossed if they don't make the payment?
Someone that has bill collectors after them?
Legally, I would have a right to check their credit reports, ... |
|
 25 y/o in serious debt? |
| I would like to purchase a home someday. Will I ever have decent credit if I pay off my debts?... |
|
 Prepaid visa (how does it work?)? |
| Can I buy something that costs less then I've got on the card, and have a balance remaining or do I have to use it all at once?... |
|
 Where can i go ONLINE for a FREE CREDIT REPORT...? |
i have done one online before but it only lets you do it one time for free and i did it like years ago so i cant do it again
Additional Details
i am in the uk...as some has posted me a ... |
|
 Where can I get info on a credit company that will join my all credit card debts into one? |
| I've been having financail problems which enables me to pay my credit card bill so I'm am looking for a credit card company that will put all my credit cards all together into one single ... |
|
 Credit card debt? |
| sometime in oct i brought some books of ebay with my credit card and havent use the card since then. yesterday when i try to use it and a restaurant it was declined. So i called the company and ... |
|
 What happens if i schedule a payment,but then take out the money...? |
| ok,i owe a credit card money,i told them i'll have lets say $100 in my bank acct for them to take out by the 18th of jan. But i now need thoses $100,what happens if i take the money out even if ... |
|
 Can you get Guaranteed Credit limit of $7500? This is what they promise? |
Can you get Guaranteed Credit limit of $7500? This is what they promise. Never tried and just curious if that is true. Here is the link:
http://loanslowcost.com/... |
|
|  |
Me | Does paying off your credit card balance in full every month still build credit? |
I am an 18 year old first year college student and I have a student visa through my bank. I have a 700 dollar limit and I think a 17% interest rate.
Every month I charge like 40 or 50 dollars on it (food, gas, whatever) never any more. I leave it alone until I receive my bill in the mail, and then I go online and pay it off in full each month.
My question is, does this still build good credit? My dad said something about leaving a balance on a credit card, and how that builds more credit or something, but I wasn't sure if that was right. |
 |
 
latebreakfast
|
Yes it does help your credit score in a few ways.
You're keeping credit active. 10% of your score
You're paying on time. 35% of your score
You're keeping your spending low. Credit to debt ratio is at 5%.
This is awesome for your score! It's 30% of your score.
Good job!
If you maxed the card out every month and paid it in full every month you might see a drop in score. This is because your credit to debt ratio would be at 100%. Paying it off will not matter because it's kept at that high ratio every month.
Keep up the good work.
|
|
golferwhoworks
 |
yes it does never leave a balance |
|
R T
 |
Yes, it builds the best type of credit history; "pays as agreed". The credit report does not say if you paid the entire balance or just a portion, it just says if you paid according to your credit card agreement. (at least the minimum and on time), and the largest amount loaned.
If you pay in full every month, you don't pay interest, either. |
|
stan c
 |
As long as you pay the balance monthly, don't worry about the interest rate. Just write it down when you are expecting the statement, if you do not receive it for some reason, just pay it on line without the statement. |
|
bdancer222
|
Carrying a balance doesn't build more credit than paying in full. It just means you waste money on interest.
Keep using that card and paying in full every month. That's the best way to build a good payment history, avoid interest, and stay out of debt. |
|
src50
|
Absolutely. You do NOT need to (and shouldn't) carry balances. |
|
Leroy W
|
Yes this is the best way to build payment history and score quickly.
Never carry a balance unless it's unavoidable, if you do never let it be over 30% of your credit limit and always pay on time. |
|
Kay
|
You want to pay off your balance and this you have done. That 17% interest rate seems high for such devotion. May I also suggest that you call the credit card company and negotiate a lower interest rate? Something that could happen (to let you know how good you are doing) is getting a letter that they have raised your credit limit. Do not let that throw you. Keep with the plan to spend only what you can pay back. |
|
Jon S
|
It couldn't hurt...
http://creditrepair1.50webs.org/ |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 12 minutes(s) ago
| | | |
9 | 25 minutes(s) ago
| | | |
5 | 2 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
8 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
