 My sister used my credit card? What can I do? |
She owes about $15,000 and doesn't want to pay it. Is there anything I can do for her to pay it? Can I get the debt on her name?
I don't want to press charges because she is my sister ... |
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 Prepaid credit cards? |
| I am 17 years old. I want to buy things online but my parents would allow me to get a credit card. Is there such a thing as a prepaid card? Where I pay money and that money goes into the card. Is ... |
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 Help me understand mortgage refinancing? |
| We have about $30k in equity on our home, and currently have a 30 yr fixed at 6.9%. I'm not sure if refinancing will help or hurt us. My student loans are at 7.22, but I only owe another $3500,... |
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 How do I get out of a 3 yr contract with Ballys after 5 months without moving or medical reasons? |
| I only wanted to use their trainer but i was told to sign a 3 yr contract to do so. I was told I can cancel within 30 days but then I was told it was too late. When I called, they said then told me ... |
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 How do i rebuild my credit? |
| I am trying to rebuild my credit and i cant even get a loan.. i posted on here but something happend.. somone told me to email this guy that gives out loeans but i dont know if i should do it.. i ... |
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 How can I rebuild my credit? |
| I have a couple of credit card charge offs. How can I start to rebuild my credit? should I make a settlement on those credit cards, or should I pay off the entire balance? How will each affect my ... |
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 Is a pre paid credit card a real credit card? |
i keep seeing offers for them and i wanted to know if its like a regular credit card except u can add $
i am planning a trip and need to rent a car and i know most rental places only takes ... |
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 How much credit can I have? I have a $42k auto loan, income of $95k annual.? |
| I also pay mortgage, around $2300/mo, around $860/mo for the car. Income is $95k/yr and about $8k/mo. I know that lenders tend to have a limit of some percentage of your income allowable to be used ... |
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 How do I get rid of a new, un-activated card? |
I applied for a credit card last week, and it arrived in the mail today, but circumstances changed, and I no longer want it.
It still has the sticker on it that says to call the number in ... |
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 Bad debt written off? |
| I had a discussion with someone who said that companies will write off bad debt after 5 years of trying to recover it, i disagree, does anyone know the actual facts about this?... |
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| How can I start my credit? I just turned 18.? |
| I just turned 18 and im in college, and I have applied for student visas, discover, and american express cards, but have been denied because i have no credit. isnt that what the student card is for? ... |
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 I have no credit and need to establish some. Where can I get a credit card with no credit requirments? |
| I have already applied for two credit cards and was denied because I had no credit or not enough income. I am a college student and figure it is a good idea to start establishing some credit. I plan ... |
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 14 year old having a debit card. What do you think.? |
| When it comes to money I am extremely responsible.When ever I get a gift card, I always check online what the balance is, before I buy anything with it. I dont go online to random websites and put my ... |
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 The loan is in his name BUT I've made every single payment? |
| So the guy I live with has a loan through American General Finance in his name and for reasons I won't get into here (too long of a story) I am the one making all the payments. If it matter I ... |
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 Can you buy a car with a credit card? |
| I've never had a cc with a high limit like over 20,000. I wonder if you can make big purchases like a brand new car all in one payment with a card like that, or do they put a cap on how much you ... |
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suzannew01 | How bad does your credit rating have to be before u are refused credit? |
havent got any ccj's or anything but have had one or two late payments this year. how much can these effect ur credit score. |
 |
 
INACTIVE
|
Credit problems begin with high interest loans and then proceed to refusals of credit. You are wise to stay away from credit cards except for dire emergencies so keep the cards out of sight out of mind but get at least one to start a credit history for yourself. Credit cards are great for needs but make sure they are paid off on time, in full, before they are due. If you've had one or two late payments it may be a sign that you are starting to live at or below your income level so strive to reduce expenses. This doesn't mean to go without but to make wise choices about what you spend money on and have a plan for future needs should you lose your income for a week, month or several months. Start now with a retirement fund that you'll have in your golden years even if you only contribute for 5-10 years, the sooner you start the more you will have. Something like a 401K or IRA will help with your tax liabilities immediately and the interest will grow with compound interest towards a richer tomorrow. Use credit only for emergencies or big ticket items you cannot afford to pay cash for. Do you know how many people are paying $1 million for a $300K after interest??? Don't be one of them. Let your money work for you. |
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Squiddy
|
Yours does not sound bad at all , so I don't think you will be affected at all. |
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Beanie
|
The question isn't about being refused for credit, the question should be about the quality of credit offered. There are more and more shady companies out there who are taking advantage of people with bad credit. I don't have an account with them, but I have read a lot of negative about Capital One (they do not report their customers credit limit to the reporting agencies...which hurts people's debt to credit ratio, and they have a policy of offering those with bad credit lots of cards with very low limits thus increasing the chance of greater fees). There's talk about Congress setting forth limits to these companies who are raking in billions.
Assuming you're talking about getting new credit cards, you can go bankrupt and someone will offer you credit. However, those offers usually are the exact kind you need to run from. You don't sound like you're anywhere near this kind of problem. Everybody is late with a payment now and then (that's why many companies have a grace period). If it's not with the same company repeatedly and it's not later over 30 days, most of the time it won't have any effect on your credit score. Now if you always make your car payment 2 weeks late, or you're only late once with the power bill but it's two months late....that's when you need to worry.
If I were you I would do some research on the credit scoring process. You would be suprised how much is calculated into that number. I don't know everything but after making some mistakes in college (ie applying for every card offered, and running up the charges to stay afloat) I've been trying to be better. I bought Personal Finance for Dummies and have tried to be good. Even though I make mistakes (cable bill was due last week...ooops!) my credit score has gone up as I've paid more off and have established a trend of paying on time. |
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robertgreigdillon1978
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they will be off your credit report in 12 months as far as i know |
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timsdad
 |
don't get credit. it will cost you later.
the only people who get rich are the banks out of your money.
save and buy it is cheaper. |
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Millenium Plus
 |
You have to know your credit score at least 630 to get a lot of credit. Try not to hav more than 1 late payent per account |
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mikey b
 |
i got 40 grand on cards , had a couple of late payment and they still keep offering me more credit , don`t worry at all |
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grumpcookie
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dont think that would affect it to much. it ccjs you have to worry about. |
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tnbadbunny
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Its up to the individual lender. Each company has its own policies |
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Lau Lau
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Yours sounds fine. Just be careful. If your late payments are because you cant afford to pay on time then is credit a good idea? |
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Flyby
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It depends on the lender. Some may require a score of 650 or more. Others may make loans when the score is 550 or even lower. It can also depend on what type of credit. If you are purchasing a home, then you may get a loan at a lower score but may not qualify for a credit card of car loan. Most lenders will not report a late payment until it is 30 days late or more. That can affect your score dramatically. |
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