 Can a collection agency buy my debt from a credit card company I owed over 12 years ago? |
| When I was 18 I got a credit card and went over the limit and owed $1000. I never paid it back and it was even dropped from my credit report. All of the sudden I get a letter from a collection ... |
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 How can I repair my credit? |
| I ruined my credit in college and as a result I have about $10,000 in debt. Most of the accounts are in collections, charge offs, or past due. The only thing positive on the report are my student ... |
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 I am in the middle of filing chapter 7 bankrupt and need to get a car loan? |
| Does anyone have any ideas of who might approve us for a car loan when we are in the middle of a chapter 7. Most if not everyone say we need to wait until we are discharged. Thanks for the help.... |
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 My credit is fair 625+, Now I have a problem..please advise.? |
| I screwed a cell phone company for $646. What effect will this have on my credit report, Is it real bad? Cant be as bad as a credit card charge off.... |
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 Do those "credit repair" places really increase credit scores? |
| are they legit, and if yes, do they help much at all? How long do they take to do whatever theyre going to do ?... |
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 Will my credit score be repaired? |
| I settled an dispute with verizon becuase they had sold my debt to a collector and now the collector damaged my credit score which is what I do not get since everything was fixed between me and V... |
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 Would it be a good idea for someone who has a recent BANKRUPTCY to apply for a car loan? |
| A friend declared Chapter 7 Bankruptcy last fall before the law change, and his debts were cleared and honestly I cant really say if it is a good idea or not for him to apply for a car loan as his ... |
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 Where can I get a free credit report that does not ask me for a credit card number to use? |
You hear all of these adds for Freecreditreport.com, but when I visit the site it looks like a scam; it is asking me for my credit card information.
Where can I visit a hassle-free site ... |
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 Why would you choose Bank of America? |
| Not sure if I should open an account there or not. My mom thinks I should.... |
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 Every month I get invoiced by Sky but they add £4.00 admin charge as I do not want to put it on DD? |
| Just as people have applied at banks for unreasonable charges to be returned would I have a case in this instance. The £4.00 is 20% of the actual bill.... |
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 How do I get a credit card when I don't have a credit history? |
| I am 19 years old and I am trying to establish credit but when I apply for a credit card I get denied because I don't have a credit history. What can I do?... |
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 Credit cards for people with bad credit? |
| What credit card company is the most leniant when it comes to giving people with past bad credit a new card?... |
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 I just did my credit score and it was considered "high"? |
| so why is that I just got turned down for a credit card?... |
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Pepper | How many bank accounts and credit cards should I have? |
I am currently a college student with 2 checking accounts (Wamu- 3 years & BOA- 1 year) and 1 credit card (Citi- 1 year). I have always met the requirements for my checking accounts and paid all my credit card bills on time. As for loans, I do have about $10,000 of student loans in debt. I was wondering if it is okay for me to get another credit card. Also, many say that having a lot of credit cards are bad for you. What is the reccomendation of how many bank accounts and credit cards should I have so that my credits would not go down? Thanks in advance! |
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$m¤¤v¥ £¤¢¤
 |
It's not uncommon to have multiple bank accounts with different banks, from my past and current experience, I primarily do all my business with one bank if possible. I'm going to list the types of accounts that you should have in order to prepare yourself financially:
1. Checking account- This is the primary tool to not only monitor your finances, but to pay all your bills on time.
2. Savings account- This should be used as a primary reserve that should be used in the event of emergencies and as a backup reserve to your checking account.
3. Traditional/Roth IRA- This should be your primary retirement account. Anytime that you have a 401K,402g, or 403b plan, and plan to switch employers, this would be the account to move or "rollover" your retirement savings to.
Now as for credit cards, You should have 2 major credit cards and 1 department store card. Some people have more credit cards, but actually fewer cards established for a longer time, should be all that's necessary. The longer you establish credit by making payments on time and managing your available credit responsibly, the credit limit can and usually is increased to where that will be all you need. Some people have multiple credit cards for whatever reason, but the 2 most important things to remember when using them is to pay on time and manage your available credit. |
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San
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If you can manage credit card go for it, but make sure you pay on time and fully, since more card you get its difficult to track each card, as far as account goes open a high yeild savings accoutn with HSBC, ING or similar bank which has yield around 5% and deposit some cash in that monthly. |
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SPIFIMAN1
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Bank accounts do not matter because banks do not report these to the credit bureaus.
As far as credit cards go, for the best score and credit profile you need 3 with balances below 30% of your credit limit and good long payment history's.
You will also need 2 installment loans like cars, boats, homes, furniture or personal loans. Again all with good long payment history's.
Credit scores are based on the following;
1. Payment history 35%
2. Time in bureau 15%
3. Type of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%
This kind of credit profile will give you the best score and make your life easy when it comes to credit in the future. |
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jijo
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2 credit cards is not bad idea
one big and other small will be good
use one for all ur regular uses
keep other one safe |
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SCH
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On average americans have 8 banking accounts per house hold, this can include (but is not limited to) checkings, savings, money markets, mortgage, car loans, credit cards. |
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grierGRIER h
 |
Avoid too applying for too many credit cards all at once. When ever you check your credit score it leaves a mark. If you have too many marks too fast lenders thing you've hit a financial wall and are headed for trouble. One case that comes to mind is about a first time home buyer. They were approved for the home loan but it hadn't been finalized. The buyer thinking he was getting a home applied for a credit card to buy furniture. Because the loan had not closed the new credit card application caused the loan to be rejected at the last minute. This one application caused his credit score to drop to an unacceptable level and he lost the house. The moral: be careful with the timing of your credit card applications. so apply online for a best student credit card at: http://www.credit-card-gallery.com/Student_Card.html |
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mister ed
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what is it with you young folks and your need for many credit cards. go ahead and get another three or four so in a few months you can ask "i am three months behind on two of my credit cards will this be a bad mark on my credit rating. than in three more months you will be asking where can i get a low interest note to pay off all of my high interest bills -- ps my credit rating is in the sewer. the best advise i can give you is keep the one you have = add no more and keep up the payment == you have enough to worry about making good grade you do not need the hassle of collectors banging on your doors. |
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JB
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Stop where you are. You don't need another credit card unless you're looking to go further into debt. |
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Lanbekaka <.]
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have as many as possible
max them all
then die with no assets
Screw them all they cant make you pay when ur dead |
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