 Is it true that a debt can dissapear from your credit history after 6yrs? |
| Well I was told by my co-worker from her own experience that she owed credit card companies when whe was 18 and never payed for them.. Well as she told me Collection companies kept calling her ... |
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 Please someone tell me a way to get out of the payday loan crunch when payday loans eat up a big part of my? |
| I have been in the payday loan crunch for several years now and trying to get out of the trap,need advice on what kind of a loan i can get to totally get rid of this payday disease,it seems to ... |
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 How can paypal take money out of a closed account ? |
Additional Details
apart from the sign up information where they ask for a credit card number my bank account is not connected to ... |
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 I have a problem with spending before paying...any suggestions? |
| I have plenty of bills, some later than others...I know they need to be taken care of and i keep telling myself that I will...but when payday comes I fell the need to spend on irrelevant items and ... |
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 I owe $10,010.14 to my three credit cards put together, i need help really bad real soon!? |
| Is there anyway i can maybe apply for another card and pay my creadit cards with that new card that way i just have 1 card to pay off that would make my life sooo much better living on my own sucks i ... |
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 What can you do about a collection agency calling for different person? |
| Colection Agency continuously calls for my father on my home and cell after I repeatedly prove it is not me and give details where he is and yet they still call. What grounds do I have and what all ... |
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 If I don't plan on ever buying a new car or buying a house, should I not care about having good credit? |
| I think i'll never buy a house and I always get used card and pay cash for them. Why should i care if my credit is not good?... |
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 Yes loans have offered me a loan? |
| yes loans have offered me a loan for ÂŁ2000 at ÂŁ65 a month the interest is an extra ÂŁ1200 this is the only sort of place were i can get a loan as i have a really bad credit rating . do you think ... |
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 Should I report a family member for credit card fraud & identity theft? |
| I'm debating turning in my Aunt. She is a cleptomaniac and she steals people's identity to get credit cards in their name. She is out of control. I love her but she needs help but I'm ... |
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| I'm trying to get a home loan. Do you have any tips? (considering the following)? |
Theres going to be me and another person, but both of us have no so good credit scores. We're both working on it, and we have about 2000 to put down.
Any tips would be greatly ... |
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 Serious question: What happens when you get married to someone w/ terrible credit? |
| I have excellent credit & I’m getting married to someone w/ terrible credit, tax leans, & such. What will happen to me when we get married will my credit get ruined? Should I not change ... |
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 What would two 18 year olds need to do to rent an apartment with no credit history? Is it possible? |
| What would we have to do to get an apartment? How do we get credit? If our credit isn't bad because we haven't used it, can we still be approved? Would we have to co-sign with a person ... |
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 Using a Credit Card to Pay Off a Credit Card? |
Does anyone know a way to use a credit card to pay off a credit card and in the process no interest is accumulated?
Additional Details
Lets say I have two credit cards. I use one and ... |
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 PayPal, eBay question? |
Does the seller have to pay the PayPal fees if I pay for an auction item with a credit card through PayPal? Are there any other rules on this for eBay?
Additional Details
I have a ... |
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 Should I ditch Capital One, and get a new credit card? |
Hey Guys!
I'm Alex, and really need your advice on this subject. I currently have a Capital One Visa credit card, but seriously thinking about canceling it because I've heard so ... |
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seekinghelp | How do you pay your credit card to start to raise your credit? |
i just got a credit card and im want to start building credit.... i was wondering what would be the best way to build credit.. i have heard i should only take care of the minimum, or something along the lines of that.... but never pay the entire balance.... i need help cause i would like to build my credit the right way. |
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grierGRIER h
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1. Use the credit card only when absolutely essential. Pay your regular expenses by cash or a debit card. This will help you budget and not go overboard with credit card debt.
2. Follow repayment schedules like religion. Don't miss out and invite late payment fees, increased APR rates and blocked reward programs.
3. Don't stick to the monthly minimum payment. Pay the maximum you can afford and get that outstanding debt cleared as fast as possible. By just paying the monthly minimum the credit card companies reap the maximum rewards while, as a consumer you pay the maximum interest.
4. Get rid of multiple credit cards. Although this might sound difficult, but if you are struggling to repay on time and, juggling with the repayment dates is causing you to default- it's time to think. If there is a genuine need to keep multiple credit cards, then try to automate their monthly payments. This will ensure that you don't default unwillingly and face the negative consequences. Read more from: http://www.credit-card-gallery.com/article/264,5_not_to_miss_things_for_a_good_credit_score |
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Cathrine K
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Pay more than the minimum, but not the whole balance, say like 25 dollars more. And don't charge over half your limit. We are buying a home, and this is the financial advice we got from the broker. And whatever you do, don't be late. Nothing will hurt you worse than that, other than going over the limit. |
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la buena bruja
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Charge things that you can afford to pay off at the end of the month. Pay off the balance each month. If you can't, just make sure that you pay at least the minimum and always pay on time. |
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beauty s
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pay the amount in full each month |
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Francine M
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Always pay more than your mininum monthly payment, do not pay the balance, if you do this you should be able to get an increase in about 6 months. |
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moneywise
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Before you do anything else (besides staying current on this debt) read Total Money Makeover by Dave Ramsey. Borrow it from the library so it doesn't cost you anything. You can also go to his website and listen to his radio show for free online or find out when and where it airs in your area.
At any rate, the only reason you need to "build credit" is to get further into debt. The only thing you should get into debt for is a house where it's payment would be no more than 25% of your monthly take-home pay tops. You can find a bank that will manually underwrite your mortgage rather than being a slave to your FICO score. Churchill mortgage does this but there are many others as well. Just call around.
Do yourself a whopping favor and don't go into debt. It limits your options should any typical 'life occurrences' happen.....like an illness, expensive car repair, lay-offs or other job-loss, getting married, having kids, roof replacement, etc.
Build your wealth instead of credit. Debt doesn't build wealth. Pay cash for everything! You'll spend less every time you buy something. That plastic takes away the emotion of overspending. It's harder to part with cash. |
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zioncanyon
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only charge 25% of your limit at most...and pay off what you can. credit bureaus like to see you using only 25% of your available credit |
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emucompboy
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Always pay on time.
I'm betting on "pay the entire balance every month."
After a few months, increase the limit (my card's website will do that without human intervention!) And, get a second credit card too. |
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Tom K
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You will get more credit if you do not pay off the full balance every month and you will pay extra for that credit. Credit companies WANT people who make regular payments on time. The interest charged (2%/month or more) is where they make their fortunes. |
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pdevans1963@rogers.com
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thats f**ked up. You should make as sincere an effort to pay back your debt as you can. the best strategy is to pay by credit when you have the money in your account to cover it. thats why you get an interest free grace period on purcahses with many cards.
you can pay you debt as soon as you accrue it. If the credit companies didn't WANT you to do it they wouldn't reward you for it. |
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dreamcatcher1999_1999
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pay the entire balance if you can and then use the card again, pay the balance off, etc. |
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gonzo
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Pay in full each month! This way you will build good credit score and will increase your credit. |
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Kris L
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You're nothing without credit? www.daveramsey.com is a GREAT site for financial matters, he's on TONs of show with practical advice.
Dear Dave,
I’m trying to get my wife on board with us getting out of debt, but she tells me that if you don’t have credit you’re nothing. We’re Christians, we make good money – about $75,000 a year – so why does she feel this way? What can I do to help open her eyes?
Jay
Dear Jay,
Lots of people believe the only way to have good things is to have payments attached to them. Many times the only reason for this is that their parents had the same wrong idea about handling money, and it rubbed off on them. You two have a good income, so there’s no reason to have payments on anything except maybe your house.
It may be that she just needs her hope restored. That’s what most people in this country need. But since you’re both Christians, I think there’s a chance to help her and turn this into a great spiritual discussion.
Proverbs 13:12 says “Hope deferred makes the heart sick, but when the desire comes it is a tree of life.” In other words, when you can see something at the end of the tunnel that’s not an oncoming train – something that’s real light and real hope – you get excited. Think about it, Jay. There’s not one place in scripture where God uses debt to bless his people. In fact, the Bible calls debt a curse.
You can always crunch numbers and show someone how to save, budget or pay off debt. But I believe the easiest way to find hope or reach someone’s heart is to think in more spiritual terms.
- Dave |
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