 How to use credit card? i am not sure.? |
hi there.
i just bought a desktop computer by my credit card.
now i have the computer. but i am not sure that how the payment happened? i just gave the credit card number which can be done ... |
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 Exceed credit limit on a credit card by a lot? |
| This is going to sound weird... but... lets say your credit card had a limit of, say, $3k, and you went $15k over that limit. I'm not talking about spending $15k on one purchase. I'm ... |
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 Does an unpaid credit card get forgiven in 10 years? |
| Hi. Someone I know just got a letter about an account she owed money on 20 years ago. She thought she paid it off. I thought if you owed money on a credit card, that the debt is forgiven if you ... |
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 Do you like credit cards? |
| i know there handy - but does it give you a ... |
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 Whats the best credit card to apply for? |
| I haven't had income for a long time, but is there any chance I could be accepted?... |
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 What is the best way to deal with a collection agency on a debt aquired from citicard? |
| This account had an original ballance of $4700 and has not been paid on for over 3 years. The agency wants $3800. Is this negotiable? By how much?... |
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 I need to find out who an 800 number belongs too? |
| some one is taking money from my bank account and all i have is a 800 number and they don't answer when i call. No company name is give on the automated system ... |
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 What credit card is perfect for people with bad credit? |
| I am looking for a credit card but I have bad credit, and I can't afford them expencsive deposits for a credit card so what should I ... |
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 Can't pay credit card payments! Please help!? |
| Ok, so I know I have messed up my credit big time. Not to mention that my fiancé’s car got reposed (I co-signed). I am not working like I was a month ago and I can not afford to pay my credit ... |
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 Is the credit crunch going to spoil Christmas? |
| I hope not because I am a big lego fan and I want the newest sets.... |
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 Anyone no of this person?? |
Mr Richard Walters
Richards Loan Agency
United Kingdom
Tel Num:+447011137447
Fax Num:+447005978351
I have been approved by this person, for a loan, and was wondering if ... |
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 Is it easy to get a loan in USA if you never been there? |
| A thought crossed my mind.. So I got curious. I'm sure the interest rates in the USA is cheaper than Australia. So how easy (or hard) is it for a non resident to borrow money from a USA bank?... |
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| How do i find out about my credit? |
| ive gone 2 some web sites but they all need credit cards theres no site out there that dont need one 2 check your ... |
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 How do debt collector works? |
I have an international friend who stayed for 3 months with me and now she left for her country with a bill from debt collector coming to my apartment.
She had a car accident which was her at ... |
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 What's the best credit card to get? |
I have a Capital One right now but I want to know about different benefits and rewards they have. Im not too worried about the interest rate because I pay it off every month.
Additional D... |
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 Credit score? |
| has anyone used annualcreditreport.com before?... |
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 People in Debt?????? |
| How are people getting $30,000+ in debt? How do you still have credit to qualify for credit cards and things that put you into debt? I have one credit card that I owed $1100 on and I can't ... |
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 How can I stop my parents from pulling my credit report? |
| My parents are really nosey and I am well into my 20s and they have no business knowing my financial situation. Unforunately they have all my personal information - social sec #, maiden name (go ... |
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First time mom! | How much of a balance should I keep on my credit card? |
I know that I should keep some balance on my credit card to help show that I can make regular payments. I really want my credit score to go up even more, so does anyone know what percentage of balance should I keep on my credit card to help my credit the most?
thanks :) |
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mark
 |
Thats a tough one. I don't believe in keeping any balance on credit cards because the interest is too high. A better way(and cheaper way) to build credit would be a car loan. Best would be a mortgage.
If you do keep credit cards (I have 3), and pay them off each month before you accumulate any interest, that will also reflect positive on your credit history. |
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curmudgeon
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Zero. Your score goes up even higher if you pay everything off each month. |
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hannlbai78
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it doesnt matter aslong as you keep a balance on it untill your credit score is where you want it to be. if you pay it off every month it will do nothing for your credit score. |
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cooldog
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RIDE ABOUT 500.00 BUT SHOW IT PAID OFF TOO.
0 IS THE BEST BALANCE FOR YOU AND THEM. |
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zencherry67
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To keep your credit really good, pay it off every month.
Next best: Keep 3/4 of it clear most of the time.
If you can't, 1/2 is the next best. |
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pinkwoodrose
 |
ZERO,,pay it off monthly |
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blueabe162
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You want to have maybe a $100 balance, and just keep making payments on it.
Those who said to pay it off every month, this is good to maintain good credit, but to build it, that's actually bad. When companies check your credit, they're also seeing if you make consistant payments on a balance. If you pay the credit card off every month, it doesn't show that you are making payments. The balance would show up as $0.
Example:
The purpose of this, say you buy a car. A bank looks at your credit. Your Visa card shows $0 balance, but all payments are made on time. It doesn't prove anything on recent transactions and balances. It won't say when you're last payment was, for all they know, the last time you paid that balance could have been three years ago, when you first opened the account.
Your mastercard shows $100, making payments on time. That's where it helps you. With the car, you're obviously not going to pay it off at the end of the month, you're going to need to make payments.
Paying off a credit card every month is a SMART thing to do, but in terms of building it, it's not the best plan. My source? Experience, and a lot of reading of financial stuff online and talking with banks and such. |
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Still reading
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You can spend using the credit card every month and pay off every month. Shows that you pay as agreed with you paying zero interest. The only way to use a credit card effectively. |
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philo
 |
Keeping a balance on your credit card doesn't help your credit score. You should pay your credit card off every month to avoid finance charges. If you want to increase your credit score by making regular payments, some banks or credit unions will let you take out a six month loan and set up direct payment. That way, your payments will be made automatically for you, and you can build some credit that way. Otherwise, just be financially responsible. |
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