 Should I pay my credit cards in full or just the minimum?? |
| I've heard very different responses from many people and I don't know which one is true. My dad said to not constantly pay in full and others are telling me to pay in full every month. S... |
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 I have a problem paying 1 credit card, please read on & help, if you've been thru it or know what's best |
| I have several credit cards & a loan. I've always paid my payments, perfectly. One card, however, is becoming very difficult. I guess it's the "fine print" kicking in. So I... |
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 Does applying for too many credit cards hurt your credit score? |
| I have excellent credit and do not need any more cards, but some of the offers we receive in the mail look too good to pass up. Is it harmful to obtain them and then later cancel them, if you ... |
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 How long does credit delinquency stay on record? |
| I had a late payment of 180 days (don't even ask) but now I'm making payments. So would that still pop up as a current delinquency if iI were to apply for something like a motorcycle. or ... |
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| My mom is ruining my credit, what do I do? |
| A couple years ago, I didnt have any credit, and my mom added me to her credit card. She said it would only help it. Well what she was really doing was hiding the credit card from my dad under my ... |
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 The attorney has sent me papers saying I have 15 days to agree to some form of payment? |
| The forms say they have file and have been granted judgement to garnish my pay checks. I met all of my deadlines to file my response to deny this credit card charges with the court and even asked for ... |
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 I have another question.... what happens on your credit report when your car is stolen and...? |
| your insurance pays off the bank off... the bank sent me a letter saying congratulations, your loan is paid off and fulfilled, we will mail you the title, blah blah blah (in reality, the insurance ... |
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 Under Career Tools, if you click on the Average Credit Score, the 3rd box recommends you use this product for? |
| This is the Yahoo Hotjob trivia. I couldn't find the answer, I click the Career Tools, but I didn't see Average Credit Score, so need help.... |
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 How many numbers or on a credit card? |
| iv never had one how many are there?... |
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 Where can i get a credit card without having credt? |
i already tried target and bank of america
Additional Details
i just got denied for the capital one visa ... |
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 Credit cards? |
| 3 years ago i got behind in payments on credit cards and got a ccj on one of them after a few months i was able to pay all my cards off in full. would i now after all this time with no debt be ... |
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 Should I be mean to my credit card company? |
| I have never missed a payment, never overdrawn. This months bill just came in and they jacked the apr to 31.24%. I mean WTF is that? They will not even discuss it. I think I will max it tomorrow ... |
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 I need a personal loan of 1700 in 3 days!! HELP? |
| I need a personal loan of 1700, if I don't have it in 3 days the company will take me to court. I have bad credit because of this company, so no banks want to lend to me. I am an honest person ... |
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 Is it possible for someone who has just gone through bankruptcy to receive a new credit card? |
| My mother-in-law is 89 and has just filed for bankruptcy due to $37,000 of credit card debt incurred over many years by her son...primary caretaker. I am concerned that he enjoyed "getting away&... |
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 Which card is safer dibet card or credit card to shop online? |
i am just scary to shop online but i dont know which card is safe and how do i know which site is safer PLEASE GIVE ME SOME HINT ABOUT WHICH SITE IS SAFE AND WHICH CARD IS MORE SAFER
THANK YOU... |
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 Credit Problems? |
| I'm 21 years old and have been trying for over a year to get a credit card, and no matter what credit card I apply for through whatever company, I always get declined. I have no idea why. I was ... |
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 I need a loan for a car but i have no credit ? |
| i need to get a car i could pay monthly payments but not a whole lot what do you recommend should i try to get a loan or what i am confused HELP!!!... |
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erin.danu | How do I build/repair my credit score? |
I have very limited credit history. I started this January. I read that I have to get a few credit cards to build credit history. I have a secured card from Citibank which only has 200 credit limit. A Citibank secured loan for 500. Bank of America gave me 4000 CL for A Worlpoints Platinum Plus Credit Card. I have a ChaseFreedom Mastercard too. Thing is I'm preparing my credit history for a car loan. I applied for other credit cards in one day and got a few rejections... reason being having too much inquiry ( ok, i know i should have not made too many applications but i figured to just do it all at the same time) and too low credit line. But I never missed a payment, I only use 30% of my credit line and pay off more than the minimun balance.
Questions :
How bad will these inquiries affect my chances of a car loan?
How many months should I wait to have this fixed?
How can I increase my credit score?
Thanks! :-) |
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$m¤¤v¥ £¤¢¤
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Ok, I can give you advice on your situation. I would chill out applying for credit right now. You already have a pretty good balance of revolving credit (3 credit cards) and installment credit (secured loan).Too many inquiries gives the appearance that you're desperate for credit. It's allowable to have multiple inquiries when it comes to mortgages and auto loans becuase it's considered "rate shopping" and the inquiries are considered as one, but for credit cards, that's that worst thing to try to apply a lot for. The 3 cards you have are fine, especially the secured one. One thing to boost your score would be to up the credit limit on that Citibank secured credit card. Actually, you could kill 2 birds with one stone by taking what you would've used for the down payment, invest it in the CD to secure a higher credit line and gain interest on it at the same time. Now, keep in mind that it'll take about 18 months for the Citibank secured card to convert and the CD will mature, but with those inquiries you racked up by applying for those cards it would be better to wait them out anyway. Boosting that limit on that secured card will help with your debt to available credit ratio which counts as 30% of your score. By doing this, and keeping the limits lower to more like 20-25 of your available credit will boost your score some.
So right now, I'd just chill for the next year and a ½, no more than 2, let your payment history develop a little more especially on that secured loan. It looks good on your report to have paid on an installment loan for at least a year. |
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aleish
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Here is a good article about repairing credit score http://www.badcreditresources.com/fix-your-bad-credit.html
I hope you will find it helpful! |
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grierGRIER h
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The following 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.
4. The state of your financial accounts
How much money do you have in your bank account, your income levels, your house, car, your assets etc. comes the next. A healthy bank account reflects a healthy credit score. Experts find that credit reporting agencies give this factor 10% weight while determining your credit score. Read more from: http://www.credit-card-gallery.com/article/204,5_critical_factors_affecting_your_credit_score |
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ronnlynn
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You don't need that many credit cards to have credit history. Just one or two is enough. Keep paying over the minimum balance on each, and you should be set in a few months, assuming you don't have other negative items on your credit report. |
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goddesswithin13
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If you have a parent or friend that has good credit and open credit accounts, ask them if they can put you on their card as an authorized user. Make sure and let them know that you don't actually want a copy of the credit card and are not going to be using it. By adding you as an authorized user on their credit card, it will raise your credit score on average of 50 points.
I would wait 6 months before even thinking of applying for any other credit lines including a car loan. Make sure and pay down your credit cards as much as possible and keep the lines of credit open, but paid off. Possibly keep one card with a balance and continue paying a little above minimum each month. In six months, if you have stable employment history, you should qualify for financing. Do research before applying though to find out who offers the best interest rates and find out what your current credit score it. Check to see what guidelines each financial institution requires and make a decision on who YOU want to loan You money. |
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Mark
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the inquiries stay on your report for 2 years, however in 90 days they don't do any direct damage to your score.
Wait about 3 months before applying for ANYTHING at least.
Increase your credit score by eliminating credit you don't use, it sounds like you are young and there is no need to have a 4000 credit limit on a credit card, it makes you look risky. Ditch that, keep your payment histroy strong, and as time goes on you will have really good credit. In the meantime, don't attempt to get an auto loan unless you want a hidious interest rate. |
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Dewey K
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I think you could qualify for a car loan right now and I know of a website that has helped several of my friends get first time auto loans. http://www.1-800BadCredit.com
You want to be careful of too many credit cards. They look at them for potential misuse. You might never max them out but you could. |
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Patrick
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My wife and I learned how to clean up our credit at "thecreditrepairmanual.com" |
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