 How do i get a loan if im a minor? |
| I need the money to buy a used truck. I just recently crashed my parents. How can i do this? I would ask one of my good friends who is 18 but they dont have an established credit score so the ... |
|
 How can i get a loan when i have never borrowed before? |
I am having problems getting a loan and i think it is mainly because i havent borrowed before.
How on earth can i get one though when i havent got a credit history?
I have been ... |
|
 My Mom Want's One of My Credit Cards? |
She Keeps asking and I keep beating around the bush about it. I really don't want to give her one. I'm already paying off some of the things she asked me to get with one of my card.
<... |
|
 Im 14 and want to get a check card.? |
| I dont know much about them. My mom tried to explain but she dosnt really no either. Can i use my savings account or do i need a checking account. If i am asked to show ID can i use my school id? Is ... |
|
 How can you check your credit report if you don't have a credit card? |
| I don't care what anyone says, the three main credit report sites all require a credit card to establish an account. I just want to see my credit report without a credit card. If your answer is ... |
|
 Should I pay a ten-year old delinquent account? |
I received a letter from a collections agency a few days ago. The agency is trying to collect on an a ten-year old phone bill that is now in the hundreds of dollars.
The delinquent ... |
|
 Question about responses to Online Credit Card Applications? |
| If you apply for a credit card online, and it does not give you an instant result...but rather says they will notify you with a decision in 5-7 days and gives you a reference number....that is ... |
|
 What is the best credit card for everyday use.? |
| Am on limited income, but qualify for card. Want to consolidate and pay off small bills, leaving hopefully just one card's interest.... |
|
 How do I get personal loan with fair credit score but debt to income ratio is high. I had been declined? |
| I just got a new job as a nurse, my college loan, car loan, co-signer daughter car loan, mortgage payment, owned a house but no more equity left. my credit score is fair, no late payment. I need ... |
|
| I have debt with HSBC UK, I lost my job here in the UK and I am moving back to the US since I am an American.. |
| What will HSBC do if I cannot repay what they want? I have told them I lost my job and they do not care, whatsoever. I offered the minimum payment and they said no. I will be moving back to the US, ... |
|
 Im in debt? |
| im in debt and had the debt collectors letter im 18 i owe 40 pound i dont work anyway they let me pay ... |
|
 If you know a better way to get out of debt will you take it? |
| i have discovered the best way people can get out of debts and also stop to companies blacklisting their clients., this idea, benefit both the lender and the borrower, i believe is the best way ... |
|
 Why is there an attitude that credit cards are OK? |
| Most credit card companies are snakes and prey on the stupid and poor. What happened to paying your debts, or even better paying in cash? Are Americans so swayed by advertising of these credit card ... |
|
 Overdrawn first time? |
I pre ordered a game over the internet and wasn't sure when they was gonna charge me any was they charged me today i am now £4.80 overdrawn on my current account with abbey national,
ive ... |
|
 I am being bothered alot by debt collection agencys about an amount that has been cleared 7 yrs ago? |
| i have sent receipts to prove this but they wont accept this, they have sent it to 5 agencys so far , they wont give up any one else have problems like this ? i`m just glad i` ve the receipts to ... |
|
 Where can i buy a pre-paid credit card? |
Where can i buy a pre-paid credit card?
That already has money in them. Im looking for a 20-30 dollar credit card 1 time ... |
|
 Can you still get a secured loan if you've got bad credit? |
| I want to get a secured loan for home improvements- honestly! I would be grateful if people could tell me who is a good provider with a good interest rate. thankyou p.s. ive already tried my existing ... |
|
|  |
Fabulous Lady | Help!! I want a Credit Card But Im Only 20!!? |
I got a offer in the mail from capitol one! It said something about the interest rate being 9.9% I want to know what is affordable for me! For example I have a full time job where I get paid $10 and hr plus comission. I pay my own cell phone bill and my gas and car insurance! With all these bills could I afford a credit card? Whats a decent interest rate? And how do I manage my card? Please and Thanx! |
 |
 
$m¤¤v¥ £¤¢¤
 |
Well, you couold definitely afford a credit card with only having a cell phone bill and car insurance. 9.9% isn't a bad interest rate at all. How the interest rate works is this:
You divide 9.9% by 365. This is called the "daily periodic rate" which in this case would be 0.0271232%
Then you would multiply that by how many days are in each month (30) and then you would get 0.8136986%
Now let's say that your balance is $200, you would multiply ($200) and (0.8136986%) together to find out the interest which would be a $1.63
Now the BEST way to use your card would be to use it only when you know that you can pay it off. Or the best scenario would be to pay your cell phone bill and gas with it, then turn around and pay the credit card every month. Or buy gas once a month with it and pay it off. Whatever you do, the main thing is to either make a small purchase or a purchase you know that you can easily pay off on time every month. You should use no more than 25-30% at any given time. The lower the balance, the better not only for your credit score, but for your pockets as well. The higher the balance, the more you have to pay off, the more you'll pay in interest.
Hopefully, these tips I gave you will help you out
Good Luck! |
|
Leslie K
|
As the person says below, credit cards are not free money. You have to pay them off, plus interest. If you want to build credit for yourself then get the card. But watch youself! Don't go crazy. Buy something each month, then pay it off immediately. If you are even ONE DAY late the company will jack up your interest rate 3x (no joking to 24 to 29%) and you'll be in a hole.
9.9% is a good rate but if it is an "introductory rate" then ask them what the rate will be after the introductory period is over. If it's over 17% then walk away.
If you really want to set yourself up for a successful credit score then be cautious about your credit. Remember, everything you buy must be paid for! Whether now or in the future. And why give someone else interest when you can keep the money all to yourself by not running up charges!
If you want more information on how credit works check out my site at: http://www.1-800badcredit.com.
Good luck to you! |
|
fabled.life
 |
Capital one is a notoriously customer-unfriendly company. I don't recommend that company.
If you're looking for a credit card, I recommend Citibank, Bank of America, Chase. All will be good alternatives.
It's not whether or not you can afford a credit card, it's are you responsible enough not to overspend on a credit card and sink yourself into debt. It is important however to establish credit history so that when it's time to buy a home you'll be able to get a good loan.
If you pay for your purchases on the card in full every month, no interest is charged. So the interest rate is not important. If you do carry a balance however, it's good to have a reasonable interest rate. If you have no credit, maybe you could get something in the 10%-15% range?
You should go to www.myfico.com and read their forums, lots of information there. |
|
L J
|
AT 20 you should qualify for a credit card... the secret is NOT that you can afford a credit card. It's not a purchase or free money ... the ideal use of a card is to create a good credit history and raise your score. This helps establish a credit.
9.9 is a great rate now days. But remember this... if you are (1) day late they can raise your percentage. A payment has to be made each and every month that you have a balance.
Credit is not built by maxing the card out and paying the minimum, it's by showing that you can charge a small balance say 30% of the credit limit and then make regular monthy payments and be responsible.
Do so research on the net about using Credit cards wisely.
You have to start somewhere and always bear in mind that your credit score will follow you the rest of your life... unlike your "permanent record" they always scare you with in school.
Good Luck. |
|
the d
 |
Do you really have to ask "can i afford a credit card" This is not free money!!!
I don't think you can, unless you have no problem paying lots of interest and only paying the minumum payment very month |
|
smileydude28
|
At 20, i would say YES go for a credit card. If u have a stable income and can pay ur debt on time, go all purchases on the credit card but pay it before it due.
That will help to build ur credit and the longer u keep the credit card, the more credit worthy u r.
So think as of this credit to build ur credit history which will help u in future to buy a car, home or some other good credit cards. |
|
Gertie
 |
You think paying for a cell phone, gas, and car insurance is alot? you say with all these bills could I afford a credit card? THE ANSWER IS NO !! |
|
GTW
|
if you get a credit use it wisely by making your payments on time to build good credit because that will help you down the line, check out www.fastcreditcardapprovals.com here you will be able to select the right card for you, make sure you compare a few that have low rates and rewards. good luck |
|
Shortie
|
I don't know about interest rates, I always thought that they were about equal to another, otherwise there'd be no competition between companies, right?
But one thing you might want to look at is where are Capital One cards accepted? Because Visa and Mastercard are the two bigger ones, and some places won't even take both because of the fees, only one or the other. But I've never seen a sign for Capital One on any door I've walked through.
One thing I always do with my card is to pay off more than the minimal payment requires, even if it's just by $20 or so. Otherwise every month you are paying off your interest and then maybe $1-$4 off your principle and that would take you forever to pay off. Even better would be to pay off the total each month before the billing time, because then interest doesn't apply. |
|
paulie10182
|
check out www.myfirstcreditcard.com.au to see what the providers are after they are some non bank lenders on the panel good luck |
|
☠☆Malco☆☠™
 |
ID Look 4 a rich B/F if you know 1, it always helps in the long run`? |
|
MommyB
|
Just because you get a card, you don't have to pay for it unless you use it. I think that it is good to have for emergencies. If you did use it, it would depend on your balance as to how much you would pay a month. If you ran the balance up to like $80000 you would pay about $100.00 a month minimum. If the balance was around $200.00 you would probably be required to pay a minimum $15 or $20 a month. A low interest rate will always come in handy. A lot of credit card company's now will offer you no interest for a year as long as you make the minimum payments on time. Be careful though, even if you pay your bill one day late, your rate could double or even triple. Be sure and look over the terms of agreement for this type of information. Good luck! |
|
heybulldog
 |
I would stay away from credit cards and not obsess with the I love debt score.
Live on less than you make and you will win with money.
People will tell you to use it and pay it off when the bill comes to save paying interest. Its a game!
As soon as you put something on the card you are in debt until its payed. yea, you might be able to play the game for awhile. Then an emergency hits and you cant pay it off and you get hit with interest and then you forget to pay on time or they just post your check the day after the due date. Then your late. Now you have a $30 late fee and they raise your interest rate.
Its easy to do. Why do you think they give you the interest free the first month? Its to sucker you in.
Get a debit card and pay as you go. Debit card will do anything a credit card will do except get you into debt. they have all the same protection as a credit card as long as it has a mastercard or visa logo on it.
The only reason for obsessing with your I love debt score is if you are planing on borrowing lots of money and paying lots of interest.
A low score from not paying your bills is trouble. If you have a 0 score from not borrowing money you can still get an apartment and a job and home loan.
Save up an emergency fund
No payments = cash in the bank.
Debt free is the way to be! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 10 minutes(s) ago
| | | |
13 | 49 minutes(s) ago
| | | |
13 | 2 hour(s) ago
| | | |
13 | 4 hour(s) ago
| | | |
12 | 6 hour(s) ago
| | | |
12 | 10 hour(s) ago
| | | |
13 | 11 hour(s) ago
| | | |
13 | 2 day(s) ago
| | | |
13 | 5 day(s) ago
| | | |
13 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
