 Credit card? |
| i just recieved my first credit card trying to improve my credit if i dont use the card will that help my credit just showing that i have a card and the mothly fees are being ... |
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 Why would you press the credit key even if you were using your debit card? |
I just got my new debit card in the mail. It has a VISA logo, but the bank says I should be sure to press the "credit" button when making merchant transactions with my debit card.
... |
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 I have bad credit. Is it possible for me to still be able to get a car loan for a used vehicle? |
| Without, paying super high interest rates? I also want to spare myself the embarrassment of being turned down for a car loan at a dealer. Any suggestions?... |
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 Is it possible to have your credit cleared, All bad stuff and bankruptcys too? |
| Can you pay a firm to remove this stuff? Is there anyone who has done this?... |
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 Is this debt collector messing with me? |
| I have a big medical bill that got sent to a bill collector. I called them today to try to make payment arrangements and they told me that I had to try and get a loan. Once denied I would have to ... |
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 File Bankrupcy before suicide? |
| I am thinking of ending it all due to my debt. I am wondering, should I file for bankrupcy before I leave, so my spouse and estate dont get drained with my debt?... |
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 I overdrew my bank account, now its closed, and a collection agency is calling me? |
| A lady from a collection agency has been calling me regarding my overdrawn bank account. I talked with her & she compromised with me, and I was supposed to moneygram the money to her on monday. H... |
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 Are minors responsible for a credit card in there name if recived when under 18 ? |
| I recently found out my daughter has 2 credit cards both in her name she was only 17 when she recieved them and they are not cosigned by me or any other adult, is she responsible or is the company at ... |
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 Charge off from 1995, shouldn't that drop off my credit report by now? |
| I was 18, dumb and had a CC, enough said. I don't have enough to pay a settlement amount let alone payments. Please don't tell me what I already know about my choices. Just would like ... |
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 Credit Card trouble............? |
| Got myself in a little over my head with the credit card thing....any suggestions on what to do to get out with out filing for bankruptcy????... |
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 Question about Credit Rating? |
I have an account that I am getting ready to pay off, and found out that it is a revolving credit account.
After paying it off, will it negatively impact my credit rating by closing the ... |
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 Trying to get approved for a 13000 boat loan? |
| I have two charge offs on my credit with a total of 3000 $. These items will be payed before applying for the new boat. I have a truck that was payed off and not late and I also have an active ... |
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 What's bad about credit cards? |
What are monthly and annual fee? Do I have to pay those amounts every month and year despite paying my credit card transactions on time?
My sister wants me to apply to old navy credit card ... |
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 How to you pay for things on ebay? |
| I really want to get something on ebay but I don't really understand the payment methods, if the seller allows payment to be money order does that come up as an option for payment method when ... |
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Legend | Does the use of debit card as a credit card affect credit score? |
I do not have a credit card but I was issued a debit card with MasterCard sign on it and I frequently use it as credit. Is this doing anything to my credit score? |
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773H
 |
It is doing absolutely nothing. It is not considered an "open line of credit" based on the principle that it is your money you are using on that card and it is not someone else loaning you the money. If you have no money in your bank acct. you cannot use it without over drafting your acct.
Look into a secured credit card if you need one, it works the same way a debit card works and it actually does help build your credit. Shop around for the best cards as some of them have some super steep fees and setup costs.
Good luck. |
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alexa dion
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The following 5 critical factors affect your credit score in a major way. By knowing these you can keep a check on them and make your credit score a healthy one.
1. Re-payment history
This factor carries the highest weight in your credit report. How steadfast are you in repaying your loans, makes your credit report shine. Experts claim that this factor alone accounts for 35% of points in your credit score. So, if you falter on repayment front it is sure to be reflected poorly on your credit score.
2. Outstanding debt
The next comes your debt burden. How much you owe is a factor that according to experts carries about 30% weight in your credit score. This is
30% is based upon outstanding debt. To get a better score it is advised that you keep your outstanding debt to a minimum.
3. Length of your established credit history
The time for which you have a credit history also matters. The longer your established credit history the more credit reporting agencies believe in you. This could be simply because of the fact that they have more data to analyze your financial position. Experts give it a 15% weight in determining your credit score. Read more about it at: http://www.credit-card-gallery.com/article/204,5_critical_factors_affecting_your_credit_score |
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robknightmusician@yahoo.ca
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not at all--it just allows big brother to monitor your spending so that they can dump sales junk mail on you--only in america |
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One Sexy Jeep Girl
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NO. |
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Stephanie73
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No, a debit card will not affect your credit score because you are just spending your own money. It's just like writing a check, but more convenient. |
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DIANA S
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As far as I know, No. All it does is debit your bank account. The difference? Debit cards are riskier than password protected (PIN-only) old-fashioned ATM cards because debit card can be used with a PIN OR can also be used with only a signature, without a secret PIN or password, just like a credit card, over the phone or in a store. Debit cards: much greater liability risk than credit cards. |
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OC1999
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No the debit card is linked to a Checking or Savings Account and is not a regular credit card as you have money in an account that it pulls from.
However, if you go overdrawn on the Checking/Savings account and don't pay it back that will go on your report and be a negative item. |
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Dano N
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No. A credit rating or score is based on credit and since a debit card is NOT a credit card it has no effect. |
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jo
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no it does not. |
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