 Which is better? One credit card with $10,000 or two cards totaling $10,000? |
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The limit on one card is $20,000 with a 4% rate right now. The limit of the other is $7,500 with 0% rate. Which is better for my credti score?... |
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 My friend got a certified letter? |
| the mailman is trying to give my friend a certified letter from a credit card company. she wants to know what will happen if she just doesn't answer the door and doesn't sign for the ... |
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 I'm the one that thought she was in $97,000 credit card debt. Come to find out the atty that sent the summons |
| had put the wrong amount in the paperwork. It's $9,700. Can I sue the attorney for mental anguish. (Got the paperwork on a Friday and had to go the whole week-end thinking the worse). Felt ... |
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 How do you get a mortage with horrible credit? |
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Give examples of companies willing to do so, I have a close friend that is desparate, her boyfriend has ruined her credit. And I'm wanting her out of my house!!... |
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 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 ... |
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 Ive been delined by my bank (barclays), captial one said no!? |
| who will give me a credit card no matter what the intrest is, im killin myself at the mo. no dough,... |
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 I need a straight answer for my problem? |
| i lied about my age to get a credit card i said i was born in 1980.the year i was really born was in 1990 and i really need to know if anything is gonna happened to me now or in the future please im ... |
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 Credit card debt and new baby on the way? |
I know this sounds like a CRAZY question.
My husband and I currently have about $2,800 in credit card debt. We are also expecting our first child at the end of January '08.
Has anyone ... |
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 What credit cards would u reccomend? |
| im starting off on my credit i wanna get some suggestions on low rate credit cards for a "beginner"... |
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 ARE YAHOO CENSORS A LOAD OF Rubbish? |
| Post someting vaguely rude and you get your question removed, post disgusting adverts for RIP OFF LOANS AND CREDIT your posting will remain for ages! Comments please.... |
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 Advice for a young student with credit card debt? |
| When I turned 18, I made the grave mistake of applying for credit cards. I was so naive that I charged like no tomorrow. Now, over a year later, I find myself in financial debt. I owe about 4 K to ... |
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 I just received a check that I don't know where it came from in the mail? Do I cash it or not? |
| It came in the mail via DHL and was written on December 3, 2008. It has a name and address on the package where it came from and it has my full name and address as the recipient. The check is for $3,8... |
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 I need some debt advice? |
I have debts of £5000 from credit and store accounts. My income in £8000 and my minimum monthly payments for both my credit and store cards are £250-300, which I cannot afford to pay.
I... |
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 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 ... |
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 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 ... |
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soweann | How can i go about rebuilding my credit to raise my credit score? |
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The Foosaaaah
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Buy on credit and make your payments on time. |
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It's me
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Look into one of the websites they have about building credit. There are many facets to the credit building game. Utilization ratios, debt to income ratios, and other various calculations. |
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Holes in the Soles
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Make more than minimum payments.
Reduce your credit/money owed ratio. One easy way to show that you are responsible with credit is to show that you don't max out any and every card you're given. Having multiple cards with a zero (or close to zero) balance and high credit limit will raise your score.
Therefore do NOT cancel unused credit card accounts if possible. The unused (zero-balance) accounts will add to your score. |
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Studly
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Read the links below.
In a nutshell:
Get your credit report from -www.annualcreditreports.com
-Note any errors and negative reports
-Send the bureau a letter demanding they either fix the errors or remove the negative reports.
-Send a letter requesting the creditor validate the debt.
All the info you need is in the links below. |
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Always Right
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pay your bills on time. |
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Credit Guru
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Don't listen to anyone else but Studly.
Do as he says about getting your credit reports.
When you say rebuilding your credit I am assuming that you mean your credit has been "bad" and you want to repair/add new positive credit.
There are different strategies based on what you are trying to correct(bankruptcy, judgment,collection, late payments, etc). Post a more specific questions and either I or Studly can help.
Good Luck |
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Adam D.
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Just keep paying you credit card bil off, or if you can get acredit card you can get a secure credit card!! |
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juliejobean
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get a small loan (ex $200.oo) from your bank. where u only pay 20-30 dollars a month but use the loan money to pay it back. Your credit should go up if u pay the bill on time |
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Omy
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Well, to have credit you need credit, so you cant toss all your credit cards away. Keep one credit card...make a small purchase, one that you can pay off as soon as the bill comes in. Keep doing this for a while and you'll start building up a good credit rate. Try not to make late payments, if you know you wont have the money, then don't make the purchase. Don't file for bankruptcy, this stays on your record for about 10 years, and it makes it hard for you to make major purchases like a home or car. If you owe some banks money, give them a call and make a deal with them, they would rather make a deal with you to repay them back a partial amount, rather than you not pay them at all. Don't open too many credit accounts, this goes against your score as well. |
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amyhector2004
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Buy a car. Make sure your payments are on time and affordable, but make sure they report to the credit bureaus. |
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IamConfused
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1. How you pay your bill (35% of the score)
--> Pay your bill on time
2. Amount of money you owe and the amount of available credit (30 percent)
--> Try to pay off ur debt
3. Length of Credit History (15%)
--> Dont cancel your old credit card
4. Mix of Credit (10%)
--> Ehhhh....
5. New Credit Application (10%)
--> New inquiry or too many inquries will hurt ur score |
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carrottop
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If you are coming out of a bankruptcy or have no credit cards, accept the next credit card offer you receive. Don't be concerned about the interest rate but be sure and check if there is an annual service charge and a minimum monthly finance charge. Make sure you can afford these charges if they do apply. If the charges seem excessive, wait for the next offer you receive. Use this card at least once a month and pay the balance in full when it comes due. Never charge more than you can afford to pay in one month. Use it to pay for things you normally pay cash for such as groceries, gasoline, etc. Just make sure you keep this cash you are saving to pay your credit card bill when it arrives. After several months, accept another card and follow the same plan.
Do not buy a new car...you will pay a very high interest rate for the entire life of the loan thus over paying for the vehicle. You don't want to pay more than you have to as automobiles are generally not your best investment to begin with. If you are in need of transportation, consider buying an inexpensive used car. If at all possible, use a co-signer and secure a small loan at your bank. If you choose to do a buy here, pay here plan, make sure they report to your local credit bureau or your efforts will have been in vain. Keep in mind also, with a buy here, pay here plan, you will be paying an even higher interest rate, so keep your purchase price down.
One final suggestion...if you have a cell phone and you pay your monthly bill in a timely manner, ask them to report your payment history to the credit bureau. Most cellular companies only report derogatory information. They do have the means to report the positive so be sure in inquire if they are doing so.
Good luck! |
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gamerine1945
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There are several ways. One of the first things you need to do is to obtain a copy of your credit report. If you have no credit, you need to obtain a credit card or make a purchase which will help you to establish a pay history. If you bounce from job to job, you need to establish job stability, by staying with a job for a period of time. Generally several years at one job. If you don't have a phone, you need one. A lot of creditors have a policy, no phone, no loan. You also need to establish permanent residency. Owning a home is better than renting, but renting, is o.k. as long as you have a long residency and a good pay history. |
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