 How can a teenager get a credit card? |
Additional Details
Can I shop online with a debit card?... |
|
 Credit cards? |
can u pay ur credit card bill with a money order?
Additional Details
what is the best card to get for just turning 18... |
|
 What should my disabled mom do about her past due credit card debt? |
| My mom has a past due credit card blance of $3,100 from one credit card. She got it right after my Dad passed away and for the first year she kept up with the payments but after that, the credit ... |
|
 I have a credit card (balance was 10,800) that was just turned over to collections....? |
The collection agency is telling me that they/credit card company will liquadate my assets if I can't pay balance in full. I dont have that much money and can't pay it in full.
Does ... |
|
 How can i find out if there are any credit cards under my name?? |
| i was wondering how id be able to know if someone has a credit card under my name. my social security number was on top of my table in the lving room and i had a small gathering and so i would like ... |
|
 Should I pay my credit cards minimum amount or should I fully pay it off? |
| Every month the minimum is about 15 dollers and I pay that off, making the full amount easier to pay in one shot. Should I just keep paying it off little by little or should I do it all in one shot? W... |
|
 What is the incentive for merchants to let you pay by credit card? |
| for every transaction taht you pay the merchant with a credit card, the credit card company charges them a fee. why would merchants agree to letting you pay by credit card then, when they have to pay ... |
|
 I Owe 5000 on a CC, with interest, Can I really Be Sued for 10,000? |
| I've been avoiding this and it's my fault. I checked out my credit report and aparently now I owe them 10,000 after they've added on interest! What do I do? I have no job, I own ... |
|
 Why are my credit card interest rates going up? |
| it's going from 9.99% to 24.99% i've never missed a payment in the 3 years i've been with them and almost always paid more than the minimum payment. i've never missed any of my ... |
|
 Whats Better for credit scores? |
| I paid off my balance today and iam wondering if carrying a balance or paying off your balance is better for your credit ... |
|
 How to get a loan if your credit history is bad? |
| I want to buy a property or mobile home, sell my property first but need a loan, mortage how can i apply if My credit is bad and who to go to who is reputable UK ... |
|
 Should I...? |
| Should I...pay off both my credit cards a little at a time, at the same time, or pay one off, then the other? Which is better for my credit?... |
|
 Is Walmart open on New Years? |
| I've looked around and couldn't find any answers. I was hopeing one of you guys might know.... |
|
 What would you do if a credit card company sues you? |
| I have recieved a letter from the court that a credit card company sues me and had made a judgement about me. This is the first time that ever happened to me. I dont want to go thru all that messed ... |
|
 Im feeling so helpless lately, borderline suicidal...? |
| Im not posting one of those whoa is me type questions but it seems like when it rains it pours - Ive never had just a couple of issues in life it either goes from good to very very bad or vice versa, ... |
|
 Does anyone know of any website that you can get a free credit report? |
| no not creditreport.com they say its free but you have to put in your debit card information..and um no..im trying to look for a website that you can actually do it free the first time or something ... |
|
|  |
Tanya T | How many points does a credit score drop with purchase of a house, late payments and credit score inquiries? |
any other point dings - specific numbers that would decrease a credit score? I purchased a house three months ago with an A+ credit score and last week tried to take out a small loan for a boat and they won't touch me because my credit score has dropped nearly 100 points. How many points, specifically are taken off? I'm leary to check my credit score AGAIN, because I know that my score will be affected.... |
 |
 
gtofinancial.tomvoli
|
There is no matrix of score adjustments available. All anyone can do is guess how much in impacts the score.
The score is directly related to age of accounts, debt ratios etc. With a new mortgage you have a large debt obligation that has no payment history as of yet. Scoring models seem to view this as a negative period. It does rebound over a 6 - 12 month period provided you are still maintaining on time payments.
Here is some additional info. Hope this helps. |
|
coojoe78
|
Great question, I f the house was expensive compared to your income it could lower your score due to debt to income ratio, after 6 months of on time payments you should be fine again! but don't go crazy because to many open accounts will lower your score as well. |
|
missyhardt
 |
I'm not sure exactly how it works, when my fiance bought a car, his score dropped 15 points. I know that every time someone checks your credit score, it drops the number, and it any inquiry on your credit show up for 3 months. |
|
sugarsnax14
|
Excellent question. I just bought a house a year ago. At that time, my credit rating was just over 800. I've often wondered what it is now--I have a hefty mortgage. Let me know what u find out. |
|
joe m
 |
There is no exact answer. All of the factors that go into point scoring are related to two or three other characteristics.
For example, if a person has a 10 year history in the file, with a 5 year unblemished history with Citibank, a 30 day late might cause a 50 point drop.
Another person, with a 35 year credit history, and a 10 unblemished history with Citibank, might experience a 20 point drop.
Factor in the amount of the late payment, balance owing, totals owing other creditors, etc.. and the point drop could boggle the mind.
As time elapses, and the late becomes old news, the score will rise.
Never worry about your score. You can't figure it out, or do anything except pay on time. |
|
Scott B
|
Buying the home most likely didn't drop your credit score, what probably did is the amount of inquiries in a short time. Not only did the mortgage company pull your credit, but also the phone company, electric co, etc. all pull your credit to determine how much (if any) of a deposit they will require. To the credit bureaus it appears that you are applying all over the place for credit, when in reality you are just trying to get your utilities turned on. After 6 months you should be back where you were credit score wise. |
|
nativegurl <!-- START YAH
 |
credit reports are graded in numbers and letters. it you make a late pay depends on the letter assigned next to your file as to how late you were, if you over pay the min it will show with letters for exmp .if min pay if 20 and you pay 60 it will give you a c for a few times the pay,,,,,one slow pay dont really count when you continue on this patteri if will affect your score. and just tol et you know your fico is rated and judeged more than credit score.....how that helps |
|
Scott C
 |
Because your credit score is a complex algorithm, you can't know without specifics. If you didn't have a mortgage on your report previously, the new mortgage will impact the score negatively for a year, even with ontime payments. New inquiries have little impact on your score and a consumer inquiry (one you do on yourself) has no impact on your score. |
|
Flyby
 |
Buying a home can sometimes raise your score, providing you make your payments on time. If you go past 30 days on any credit card or other installment note, your credit score can drop as much as 100 points. If your mortgage payment is high according to your monthly income or your total debt is high then your score can drop. Keeping credit cards under 25% of the limit can help your score. Inquiries can lower score by about 3 points. It could vary according to which credit reporting service you use. As long as you make your payments on time, your score should improve after a few months. If it is something about which you are concerned, you may want to subscribe to one of the credit monitoring services. They will notify you each time someone makes an inquiry or your score changes, up or down. It is a good way to see what you are doing that changes your score. If you are the one checking your credit report, it won't affect your credit score. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 15 minutes(s) ago
| | | |
9 | 25 minutes(s) ago
| | | |
8 | 51 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
11 | 7 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
7 | 6 day(s) ago
| | | |
7 | 2 week(s) ago
| | | |
9 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
