 Does paying your gas or electric affect your credit ? |
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as in Gas Bill for Home or Electric Bill for home.... |
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 I've got a "register for electors" letter but am not sure if I should register? |
If I registered, would that mean that creditors could trace me back to my new adress?
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I don't want any idiotic answer like "stephanie", just so they can ... |
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 I have no credit. I need a personal loan for about 20,000. Where can i go to apply for a loan.? |
| I live in the Washington D.C. area. Alot of bank will not give me a loan becasue I have no credit.... |
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 If you have debts, who do you blame for them? Yourself, The banks or The Government.? |
| I am curious, I am part of a generation that was brought up to believe that if you couldn't afford something you did without. Today however I have a few theories why people go into debt so ... |
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 Young couple in DEBT!? |
| We're a young couple, planning a wedding and would love to own something when we get married (condo, townhouse, house..) I have no credit and he has thousands in debt. Do we use a debt ... |
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 Can my son use my credit card in the uk? |
| i dont want to change usd to gbp so im using cards but can my son use them 2? hes 16... |
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 Should I pay my credit card off in full? |
| Hi! I am a college student, and I have save enough enough money to pay my credit card off in full. Should I pay it off in full or should I make payments to pay it off. I have still been making my ... |
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 Does anyone know any thing about debit cards .tried 2 use mine 2 day 2 get connected 2 sky tv but they told me |
| that my account number was invalid.thats twice now i take cash out all the time with the same card .have cash in my account now and checked my account details and thats correct.but dont want 2 go 2 ... |
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 HELP!!!!what are small baby steps i can do to boost my credit? |
| i cant pay off my medical collections because im paycheck to paycheck with 2 kids and a house, i have 5 credit cards all with different balance all with close to their limit, i feel like everyones ... |
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 Whats the best way to overcome low limit credit cards? |
| I have worked hard and now have spotless credit, and have paid off most of my credit card debt. However my existing credit cards have low limits and that is hurting my credit score. I was wondering ... |
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 Are bill collectors allowed to call you on Sunday morning? |
| I thought there was a law about when bill collectors can call you? What are my rights and what can I do about it if they call anyway?... |
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 I HAVE QUITE A FEW DELIQUENT ACCOUNTS ON MY CREDITREPORT. but I WANT TO FIX MY CREDIT AND MY CREDIT SCORE!? |
| AFTER I PAY OFF ALL THESE DEBTS HOW DO I GET THESE REMOVED AND HOW DO I IMPROVE MY CREDIT SO I CAN RAISE MY CREDIT SCORETO 800??... |
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 Is this a scam? Pay Pal? |
| So a lady wants to buy my PSP and i need to ship it to Nigeria, and i just got an email from Pay pal saying I have recieved the money and all i need to do to be credited the money is email them the ... |
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 What are you going to do with your $600 Rebate check? |
| I know it is going to help you in a lot of ways but what are your plans for this check?... |
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booby | How many credit cards are too many? |
Is there a certain number of cards that a person should stick to having? Like for examply I have 5 credit cards right, but my total debt/credit line ratio is only like 30%... is this bad? |
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Goyo
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Even if you can manage multiple credit cards, lenders look at the fact that you have a bunch of cards that you don't really use. That portrays you in a derogatory manner. They wonder, "If he isn't using them, why have them?"
A good rule of thumb is to have only 2 or 3. One with a high limit and maybe 1 or 2 with normal limits that you use all the time. |
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iceman
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Debt/limit ratio is more important the total number of cards open. And 30% is considered the high end of whats accpetable, so you are ok in that regard.
BUT, each time you open a new card and inquiry is done which in theory hurts your credit score. So if you opened like 10 new cards this year you could do a serious number on your credit score.
It all boils down to how responsible you are with your cards. For people saying 1 is too many, they may feel that they, or people they know lack the will power to control credit card spending. Credit cards if handle responsibly cna be your best friend, if handle recklessly --your worst enemy. |
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sharmel
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Unless you are in some kind of business where you have to do a lot of business entertaining, and/or you travel overseas a lot, for the life of me I can't see how any regular person needs more than one bit of plastic. I have one, and that's a debit card, so when I use it - very rarely because my money or my check seem to be good anywhere I go - the money comes out of my account in full, just like a check. If I haven't got the money in the bank, then I don't need that item.
Verrrry few credit card purchases ever involve the "necessities of life" but are purely "I want" and not "I need" items. In UK, many years ago when the credit card first came into existence, buying on credit was jokingly referred to as "buying on the never-never". That, of course, was just about right, because you never never actually finish paying off on that card. Taking account of all the additional charges, the actual cost of that particular item you bought will have multiplied up several times. No thanks. I like to do my buying the old fashioned way.....lol, it sure saves me money. |
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kassy kemp
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you can take so many credit card but it depends on your credit history.
Now I have three cards all of them platinum and I don't want any more. (It's not good for your credit rating to have too many cards even if you don't use them!) I've done a little freelance work over the past several years but nothing steady or longterm. Right now, I only work part time, yet each one of my cards (only one carries a small balance - less than $1000) has a limit of over $10,000, and my interest rates range from 5% to 9.9%. See, good credit is rewarded with low interest rates. I would never pay the exorbitant interest rates a lot of cards charge - it's outrageous.I don't think card companies really care who they issue cards to as long as they get paid. If someone can only afford to make the minimum payment, that's even better for the card companies because the tiny payments barely cover the interest.
read more about credit card at: http://www.card-gallery.com/index.html |
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LoriBeth
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you don't need more than 2 |
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PegBundyWannabe
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1....don't do it! |
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robert w
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NONE
do you like paying 30% over the price of anything you bought?
do you like making some one esle RICH?
visit daveramsey.com to learn what credit slave cards pray you never ever learn and APPLY.
credit cards are slavery.
read ' the millionaires next door' |
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kit
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A lot like 5-6 and that you can't handle the balance and the hidden interest charges. |
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scrow_80
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Personally if you have more than 2 or 3 it is excessive. |
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PODETHCRO
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one is ideally ok you should aim to reduce the debt owed thats the most important thing |
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albertace
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A debit card with a visa logo and one additional unsecured credit card is all you need. If you get in too much debt, the interest will come back and haunt you. |
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Kevin K
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You should really aim for 1-2 credit cards with balances that you can pay off each and every month. |
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Galileo
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One....is too many....believe me!! |
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MissV
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Yes it's bad. Each credit card has a limit. Let's say that each has a $5000 limit. Although you may owe only a total of $100 on each, you're actually exposed, and have access to, $25,000. So a lender will say that they have no way of knowing that if they loan you a certain amount of money that you won't run up the maximum on each. Keep the oldest 2 since they have the most history showing that you (hopefully) have been paying your bills on time or keep the two with the lowest, fixed interest rate. Cancel the other 3. And watch your credit score improve. |
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♥ Mary ♥
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I once read a credit book that said a person should have between 2 to 4 credit cards to help their credit. If you have 5 or more it will hurt your credit score. Find the one with the most interest, pay it off and close the account.Keep the other 4, but always make sure to pay them in full every month. |
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Who Am I
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The number is irrelevant, if you don't pay off the bill in its entirety every month, you have too many. NEVER get into the position of making payments on credit card debt. |
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