 Does anyone knows if my credit score will be affected if I don't pay my cell phone bill ? ... ever. Thank you |
| My company is charging me an amount I know it's not accurate ( but It has happened before and I always ended up paying for it, but this time I'm not willing to pay for it since I was ... |
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 Having too many credit cards will hurt your credit score? |
My friend told me that having too many credt cards will hurt my credit score. Isn't true
I have about 35 credit cards and most of them are applied through invitation. I pay my due ... |
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 How does bank make profit on credit cards? |
| Lot of banks are issuing free credit cards. How do these banks make profit by giving free credit cards. If we purchase something in credit card, the bank has to pay the money to the vendors and we ... |
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 I have a bill for $379 and a credit collection agency is sending letters. What will they do If I cant pay it? |
| I am struggling just to make rent and I have two jobs, this is a bill from an auto insurance company, I don't know what they will do. Any ideas of what can happen to me?... |
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 Has anyone used a legit credit repair company? |
I have tried to dispute items on my credit report and haven’t had much luck.
I have late payments, bad debts, and I have no good credit. Please give me links so I can research the ... |
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 How long do negative occurences stay on your credit report? |
| I mismanaged my finances back in 2001 and 2002. Now I'm fine. But I applied to a job that did a check on my credit report and they said there were some "negative things" on it so I ... |
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 What is the best way to stop credit card collections from calling?? |
| Although I do have some late fees, my credit card company continues to call more than 5 or 6 times in a day. This is ridiculous. Is there any way that I can have them stop this practice that will ... |
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 When a collection agency calls and ask you to pay the entire amount owed on a debt. Can I make payments? |
| My husband is on dissability and I can only make small payments. The lady who called was very nasty and very mean. Made fun of our income. so I told her I would send twenty dollars a month. Not ... |
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 Why is it that when you use a credit card sometimes you have to sign and sometimes you don't? |
| The gas station never requires a signature. The grocery store or retail store usually does. Even if the amounts are the same. Who determines when you need to sign, and when you don't?... |
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 I can't pay some of my credit cards anymore starting next month, what can they do to me? |
| I have depleted my savings that has supplimented my meager 600 a month take home pay. I have payed my cards for years with no problems but my life turned around completely a year ago and I have been ... |
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 When a creditor takes money from a bank account when the debt is already paid, how do you get that back? |
My husband had an outstanding credit card debt, that a creditor filed against our tax returns for, for the last several years.
A few months ago, a different collector bought the debt, and ... |
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 Does anyone know of any companies in uk that give mobiloe phone contracts to people with bad credit?? |
Additional Details
Ummm why do people assume things? I need this for a purpose not to show off with my mates!... |
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 About credit card debt. I have 5 major credit cards. I only owe 50.00 on one but much more on others.? |
| I know I should pay off the high interest rated ones first but since I only owe 50.00 on one that has a medium interest rate shouldn't I pay that off and close it leaving my card total down to 4?... |
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 Are debt settlement companies a scam? |
| I was thinking of signing up with a debt settlement company but I have heard the debt settlement companies not what they seem. They promise to settle your credit card and unsecured debt for half or ... |
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 Am I getting a good auto loan rate? |
| I'm taking out an auto loan for $32,000. My credit union has offered me 5.5% for 72 months. Is that a good rate? I have looked at several other places and they all want a minimum of 6.9%. My ... |
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kevineatsairplane | How do I establish good credit with my credit card? |
I just got my first credit card, and was wondering what the best way was of paying off my first bill? I've heard to pay double the minimum payment for 5 months, then after that start paying off the whole balance. Is this better than paying the balance off completely? and if so, why? |
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joelmeulenberg
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You should definitely pay off the balance completely every month.
The best way to use a credit card is for it to be a good rewards card, funnel most of your normal spending through it (without max'ing it out), and always pay it off in full every month. That way you'll build your credit quickly, avoid interest, and earn great rewards.
Note that if you use this strategy, then the APR (annual percentage rate) doesn't matter much because you'll never be paying interest. Instead, what matters most with this strategy is the rewards structure of the card.
If you're a college student, then you can get a good student rewards card such as the Citi mtvU card, Citi Driver's Edge for Students, or a Capital One Student Visa.
If you're not a college student and have limited/no credit, you could look at some of the Capital One cards for people with no/limited credit. Also, Orchard Bank is an option.
You can use this rewards calculator to see which rewards card will pay you the most for your normal spending profile:
http://www.creditcardtuneup.com/ |
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fdm215
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Maintaining a good standing is all about paying regularly and on time. You can pay it off in fewer than 5 payments (save yourself some interest charges) but be sure to use the card once in a while and pay it on time! It gives you a positive credit history... a track record of using your credit line and paying faithfully. |
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SoNic
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I have credit score 740 now..i think it is good credit score..what i do is that i always pay all my balance on time..i don't care abt minimum...it saves my interest too...i think it is good to use credit card this way because i had my first credit card 2 years ago and it was secured credit card but now i have many offers from all major credit card companies. |
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KEITH B
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Pay your bills |
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Monique S
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No clue. I just pay the minimum always ontime. This way it shows in good standing and doesn't take a chunk out of my wallet all at one time. |
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BeenAroundTheBlock
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If at all possible, always pay the bill in full each month. Don't go into debt on credit cards, the classic trap. If you do, you will be throwing away lots of money on extremely high interest.
If you pay your entire bill on time every month, your credit will be just fine. Although the credit card company may like you to keep a balance so that they can make exorbitant interest income from you, they're also okay with you paying off the bill in full, because they still make money from the merchants you buy from. So as long as you use the card, even if you pay in full every month, they still make plenty of money.
Don't worry too much about reaching the limit (as long as you can pay it off each month). If you keep paying on time, the credit card company will almost always keep increasing your limit whenever you get in danger of reaching it. They want you to charge as much as possible. |
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shhbanvar
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1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3.To boost your score: Don't charge anything for at least 60 days before applying for a loan
4. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.
5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.
6.To boost your score: Don't close unused accounts when you transfer debt.
7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan.
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http://www.bestcreditrates.net |
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Moongrl76
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Pay your bills on time and keep the cards open for a long period of time. Just keep in good standings with two or three companies. Don't open to many credit cards I think that's most people down falls. Never charge more than you can afford. Oh, I know it's easier said than done. The best advice is avoid late payment fee's and over limit fee's. Good luck to you! |
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GO TO HELL
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I've always paid off the entire balance due each month. That way, no interest is payed. I can't see how carrying a balance would do you any good as far as your credit score is concerned. |
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masterkopy83
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In order to build good credit you will need to have at least 6 months payment history. You will need to use no more than 25 percent of your available credit. All payments need to be recieved on time..Don't pay off the balance in full for at least a year...pay 1.5 times the minimum payment. At the end of your 6 months request a credit limit increase... |
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Maurice419
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first don't spend over 25 to 30% of your credit limit. And you don't always have to pay off your debts right off the bat. But definatley pay double or better yet a little more of the minimum. The finance charges are a *****. |
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