 Is this a scam? |
| i have recently put my car up for sale on two local websites. Today i recieved a call from a person saying they were from a company motor fine and that they loan money to potential buyers of cars and ... |
|
 Collections call could it be a scam? |
| Okay, I had a credit card a while ago. To put it simply i went way deliquent. I got ONE letter saying that it was going into collections. I'm aware of this. Now im trying to wait for my stimulus ... |
|
 I accidentally signed up for a credit card. what should i do? |
the other day i went to Canadian tire and there was a lady there giving out cards that said you get $10 off gas and i blindly signed up. but as it turns out it was for a credit card!!!!
what ... |
|
 If I get a credit card, can I see an online list of my purchases or not? |
| OK, so here's the deal. Say I wanted to get a credit card. Then I would get an online user name or something with, for example, American Express. Then, when I logged into my account, could I ... |
|
 Does anybody know where I can apply for a credit card with bad credit? |
Additional Details
i don't have bad credit because of credit cards i have bad credit do to some hospital bills i was unable to pay.... |
|
| What happens, when a car is repossesed, if there is a balance owed on the loan? |
| After the car is sold and there is still a balance on the loan, does the bank sue the owner for the difference?... |
|
 What the point of having a good credit score? |
I always thought it was just a good idea to stay away from credit cards period. But my friend told me you can't buy a house without good credit and other stuff like that.
What are ... |
|
 What does 'take home salary mean?'? |
| My math question says that a woman has a weekly gross salary of $590.20 and a take home salary of $464.90. what does that mean?... |
|
 Credit Score!? |
| How much does canceling a credit card lower the credit score?... |
|
 In need of a loan? |
| I have been involved in a loan scam which put me behind in my bills now i'm in need of a $3,000 loan that will give me a fresh new start. Does anyone know where I can apply at? I have tried ... |
|
 Are you worried about the credit crunch? im 16 and it doesnt seem to be affecting my family directly.? |
it seems over exaggerated by the media, am i wrong?
Additional Details
were not rich...lower to average income. we just know how to SAVE money, unlike some...... |
|
 Need a bad credit unsecured loan of $5000.Not payday loan.Help!? |
| wife went on long term disability and we were forced to borrow from family and payday loans (big mistake) to make ends meet until SSI started paying her benefit.Transition took five months from her ... |
|
 Help! I lied about my age to get credit!? |
| I am 16, 17 in a week, and I already have 4 credit cards (one platinum, one gold, and two classics), a cingular cell phone account, a Dell Preffered acccount with $2,000 line of credit, and a credit ... |
|
 I applied for credit card,it was declined but i want to appeal,? |
| please can anyone help me how to write a appeal letter to credit card company.... |
|
 I paid a credit card late. Actually I paid it on the due date but it wasn't applied to my account that day, be |
| I paid it late but on the due date, it was Saturday after 3:00 so it was paid on Monday morning. I was charged the late fee, but I am wondering is this reported to the credit bureau. When you get a ... |
|
|  |
kemonfoster | Does paying your credit card total balance every month show good payment history on your credit report? |
I filed bankruptcy last year and I just received my first credit card. It has a small limit which I like ($300). I'm using it for things such as gasoline or groceries. I was told that if you pay the balance in full at the end of each month that the credit card company won't report that you have a good record with them as revolving credit account. Is this true? |
 |
 
daven71
|
As for what you heard I don't think that is true. Besides... no creditor can make special comments on your report of how good you are. All they can report is that you "pay on time" or "never late". Your credit is based on a scoring system and the Fair Credit Reporting Act requires they report properly.
Sorry Paul V... I disagree. Paying your bills in full greatly increases your FICO score. You DO get marks against you for letting balances linger or consistantly paying minimum payments. You should try to pay the min plus whatever the interest charge for them month would figure to be. Of course, you have to do what you can do. I don't think they expect you to pay it all off, but you should try. I have been turned down for credit before because I used to make min. payments. The letter said too many long standing balances. when I called Experian to inquire what this meant they said you have too many cards where you are just constantly making small payments... a creditor may see this as you are not able to pay much to cover your debts.
Also for those thinking if you have some amounts still owed you get more offers, etc... yeah thats not because your credit is better its because you are exactly they type of customer a credit card company wants... someone who always owes... that how they make money... on the interest of what you owe. |
|
gfry
 |
No! You have to carry a balance and pay at least the minimum for approximately 6 months in order to show good credit worthiness. |
|
Lisa
|
no...paying the total balance isnt establishing credit...they want to see you make payments and not be late etc |
|
>>Ascher<<
 |
Noooo. it will show as good credit. Credit reports list credit each month labeled OK for good payment, 30, 60, 90, 120 etc Days for late payments. If you pay it you will have OK all the way across the board :) |
|
taz.stoner420
 |
I think its better to make a 100 dolllar purchase and pay the minumim monthy payment every month without using the card then pay it off then buy somthing else and pay that off. Thats the best way in my opinion. |
|
Krystina
|
if u charge ...140 and ur min payments are 15 a month i wouldnt pay it off because it doesnt build a credit history/...u should pay about 25 a month or so...maybe 30 once or twice but keep something on it not too much just to build and show u payed on time and more than the min payment |
|
timo_10
|
Yes, it does I think. If you went bankrupt you should probably talk to a money counselor. |
|
kusazumir
|
yes, the fastest way to raise your score is by paying the amount in full, every month. Also, the more it is the better(for your credit score). |
|
ChristmasLightGuy
|
It may help your score, it will certainly lend to your ability to get credit. But as your credit line is increased, even with a zero balance, it may hinder your ability to borrow money as other lenders will assume you will go up to 100% of your credit line.
What is most important is making the monthly payment on time. |
|
Paul V
|
Great habit to get into but not true. All you have to do is ensure you make the minimum payment which appears on your monthly statement and send it before the due date and your credit will adjust the same as if you paid it off every month. Trust me girlfriend I'm a winner!!! |
|
Scott K
|
It's better to carry a small balance, but pay it off occasionally. |
|
jerman1919
|
absolutely not. paying ur balance in full each month will show good faith with the credit card company and that in turn will allow for an increased credit line. Both of which will look good on your credit report. |
|
brady ewart
 |
Although this strategy may seem extremely obvious, late payments are the most common piece of negative information that appears on peoples’ credit reports and are often responsible for significant drops in credit scores. When it comes to loans and credit cards, it’s vital that you always make at least the minimum payments in a timely manner each and every month, with no exceptions.
The impact on your credit report and credit score will be considerable if you’re late or skip one or more mortgage payments, however, making late payments on other types of loans or defaulting on any loans will also have a disastrous impact on your credit score that will have an impact for up to seven years.
The benefit to having credit cards is that you can determine how much you spend using them, then decide how much you wish to pay back each month, as long as that amount is equal to or greater than the minimum monthly payment due. This allows you to budget your money and make intelligent decisions, based on your financial situation. Simply paying the minimums on your credit cards will keep those accounts from being late, however, the costs associated with that decision (in terms of fees and interest) will often be significant over time. Plus, this strategy will keep you from greatly reducing or paying off the debt.
you can see more answers related to credit card at:http://www.credit-card-forums.com/forum/5;?ccf805sess=c2569975e03877de2b63ca852bf702e4 |
|
Randy Marsh
|
Really it doesn't boost your credit any more than simply paying on time. But generally it's a good idea to pay down the balance each month. |
|
jo_anna1
 |
companies report when you fail to pay so you would be good if you pay on time. If you don´t have a balance on the card they won´t report the balance, which they actually do if there is one. But essentially the credit reports show when you pay late and the highest balance.
You can access now for free, by law, once a year your reports from all 3 of the credit bureaus. https://www.annualcreditreport.com/ |
|
zaphodsclone
|
Different take:
Don't have a credit card.....
Why would you be clamoring to become a slave to the bank?
If I don't have the money to buy something, I don't buy it.
I got rid of all credit almost a decade ago. Cars and home are paid off, zero debt.
The feeling of liberation and freedom is priceless. The ability to save money and not worry about interest rates and minimum payments is also priceless.
I would suggest listening to Dave Ramsey's radio program and checking out his web site.
http://www.daveramsey.com/ |
|
nsnoekums
|
Before I met my husband, I had 3 credit cards that I, of course, racked up some good healthy balances on. Before we got married, I put myself on a budget and actually paid down on those credit cards and finally paid them off.
My husband has had a credit card for many years. He firmly believes in paying off his balance each month.
When we get credit card offers in the mail, the credit limit offered to me is always much bigger than what is offered to him. We both believe that it is because I was able to prove to the credit card company that I could be responsible and payoff a large balance. Dean has never done this.
That is my $.02. |
|
stew w
|
Yes...
When you delay making the credit card payment, your card issuer levies late fees. These fees can be as high as $40 every time you fail to pay on time. This can burn quite a big hole in your pocket. Your credit also would be damaged. Here are the few tips that can be used to prevent being charged late fees. |
|
TONY R
|
no it"s never good to pay your bills on time |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
18 | 29 minutes(s) ago
| | | |
18 | 34 minutes(s) ago
| | | |
18 | 1 hour(s) ago
| | | |
18 | 5 hour(s) ago
| | | |
18 | 8 hour(s) ago
| | | |
16 | 10 hour(s) ago
| | | |
18 | 1 day(s) ago
| | | |
18 | 3 day(s) ago
| | | |
18 | 2 week(s) ago
| | | |
19 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
