 I just paid off my car loan and a credit card. But my FICO score dropped 32 points, why? I'm paying my debt! |
| I'm paying off all my credit cards, not closing them. But I want $0 balances on them. I paid off my car 6 months early, I never missed a payment and I was never late. Why would I be punished for ... |
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 Should I close a bad credit card? |
| I cut up two cards months ago, but after being unemployed I haven't been able to make the min. payments. I've been in contact with them, but wonder if closing the accounts will atleast ... |
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 Is this a myth...what happens if you just stop paying for your credit card? |
| I have a friend who just got a notice from a creditor via the Sheriff's office. Is it true that if you just stop paying your credit card bill after 7 years it just falls off? He hasn't ... |
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 Is it Illegal for a bank to do this? |
My discover card payment is almost 300.00 dollars and only ten of it goes to the principal.That seems very extreme to me.Isn't there a law against this?
Additional Details
This is ... |
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 Is there something I can do (legally) about ridiculous credit charges? |
| I've been a customer with this clothing catalogue for a while now and I have a credit limit of £1,000 with them. However, I decided not to use that facility and buy on a pay-as-I-go customer. A... |
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 Does this seem fair for owner financing (on a house)? Or is the guy trying to make a few bucks? |
| My fiance and I have plenty of $ for a down payment on a house, but can not obtain a mortgage. A seller is offering financing @ 8%, and after 1/2 of it is paid (30k) he will give us a deed for trust. ... |
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 How can I avoid being served with papers, a debt collection agency want to sue me? |
I do not live at the address they have on file, can they sue me if they can't find me to serve me?
Additional Details
The explaination for why I have not paid the debt is very long..... |
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 I sold something on ebay and when i go to paypal it says i've received a payment...? |
...But when i log into my paypal account the balance is still at £0.00...Anyone know why? Cheers
Additional Details
Actually I have sold two things to two different buyers and on Ebay ... |
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 I have a credit card, but haven't paid them for over 4 or 5 months? |
| how can i get out of it? my limit was $1000. I owe them more than 900 Dollars. MOST of the money is from non payment charges. $30 a month. Even before the last bill i made, there were mmmaaannny ... |
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 I need financial help please!? |
| I have a County Court Judgement caused by an ex partner who run up debts in a joint account just after we split. He's disappeared off the face of the earth and I cannot get credit or a mortgage ... |
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 I can pull money out of my 401K for a down payment on a house, Yes? or No? |
Additional Details
I was told that you can pull out of your 401k for a down payment without being taxed on it. You get to do this one time.... |
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 Can i withdraw as a co-signer on an car loan? |
| my boyfriend has an car that i co-signed for and we are no longer together and i do not want the responsibility. he is not paying the notes on time and it is ruining my credit.... |
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 Credit Cards in America? |
| I'm going to the USA next week and will be using my credit card, will I need to carry with my photographic ID in order to be able to use it? I do in Europe and was wondering if I need to in the S... |
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 What will happen if i use somebody else's credit card? |
| i'm gonna go to canada to visit an old friend. Her dad is gonna give me his credit card to pay for my flight. what will happen when they find out that i'm using someone else's card to ... |
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JohnNy | How many credit cards should I have? |
I am new to the world of credit! I currently have 2 credit cards from Bank of America and Wells Fargo for 2 months. Should I still apply for another one or two or three?? If so, what's d' best credit card for the people whos just starting building credit. |
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Aaliyah's Mama
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Try to stick with just one or two. Find out which have the best point systems, or flyer miles.
If you get too many credit cards you might be tempted to run them to the limit, then will end up with too much debt. Also, every time you apply for a credit card the company giving you credit must enquire into your credit history. This lowers your credit score, and can make it more difficult to get good financing for a house or car. |
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eamonn d
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2 is plenty. i only have one and i rarely use it. |
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♥bbi_jay27™
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stop at two. id say none! its bad to be in debt |
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jet5249
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No more than 2 and shop for the lowest rate with no service fees. |
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Patrick M
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One for backup, one to build credit and one specialty from a specific store you love. |
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Solitaire
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I think you know the answer to this question already. |
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Danny
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Ok two is all you need, no more. You could even close 1 and build credit. Don't get rid of them like some people say, you need to establish credit right? Credit is really important because it saves you money in car loans, home loans...etc. Even background checks and stuff like that, people look at your history.
Keep at no more than 50% of your balance, any more brings your score down. Preferably at 25% and keep paying it off. Creditors like to see some balance because it shows you can pay things off. Just don't go spending things because it's money you don't ever see, be smart. |
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edgarl
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One and pay it off each month. Unless you want to pass nearly half your earnings to the people who gave you the plastic. |
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T
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Nobody needs 3 credit cards. You'd be better to keep your cards to one or two - one that you use, and one that you lock away in your closet for emergencies. Multiple cards can be too tempting and you may end up spending more than you can afford, resulting in fees and eventually hurting your credit anyway.
The best thing is to use one card and pay it off completely every month.
I'd recommend getting a Visa card with no annual fee and the lowest APR you can find. Then, every 6 months, call and see if they'll lower the APR some more. |
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mattypsp
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Credit cards are bad news.
Keep to a minimum amount or if possible, get rid of them altogether...
Unless you're loaded =) |
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Jaclyn&Dave
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Zero.
Credit cards are a way to spend money you don't have ... keeping you living paycheck-to-paycheck for your entire life.
Even "responsible" use of a credit card can get you burned ... the CC lenders are notorious for changing due dates without notification, "losing" payment checks, and juggling charges to lead to more fees.
All in the name of "rewards" and "building credit", the rewards are chump change and CC debt isn't exactly a sign of a healthy financial plan ... it is mostly a sign of being spoiled.
Just avoid the sleazy industry and pay your way with money you actually have. |
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