 Need a bad credit unsecured loan of $5000.Not payday loan.Help!? |
| wife went on long term disability and we were forced to borrow from family and payday loans (big mistake) to make ends meet until SSI started paying her benefit.Transition took five months from her ... |
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 Help! I lied about my age to get credit!? |
| I am 16, 17 in a week, and I already have 4 credit cards (one platinum, one gold, and two classics), a cingular cell phone account, a Dell Preffered acccount with $2,000 line of credit, and a credit ... |
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 I applied for credit card,it was declined but i want to appeal,? |
| please can anyone help me how to write a appeal letter to credit card company.... |
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 I paid a credit card late. Actually I paid it on the due date but it wasn't applied to my account that day, be |
| I paid it late but on the due date, it was Saturday after 3:00 so it was paid on Monday morning. I was charged the late fee, but I am wondering is this reported to the credit bureau. When you get a ... |
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 Why are people so cheeky on here ? |
| whenever u ask a question (no matter what it is about) theres is more cheeky comments that genuine answers ,wot are people all about these days?????????why go to the effort of coming on here to give ... |
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 How do i raise my credit rating score, if i cant get a credit card? |
| im looking to buy a house in 12mths or so, but need to raise my credit rating to obtain a mortgage. i tried to get a credit card to help me do this, but was refused. what can i do?... |
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 Is there any truth too the rumour that the Halifax could be going bankrupt? |
| If they do, what happens to anyone's savings and will I still have to pay off my credit card?... |
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 I am having problems with Aarons rent to own place.I am late and they keep harrasing me.I told them I pay 6-15 |
| I have been late one other time. They also have theated me with legl action. I am willing to pay but they keep harrasing me. Can anyone help me. I need to know my rights.... |
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 How do you get a credit card when you have bad credit? |
| I have checked online and everything, but it seems no one will give me a credit card, unless they make you pay for it or it's a scam.... |
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 I'm confused! How are you supposed to pay on a credit card to build your credit score? |
| I've heard to keep 1/4-1/3 of your max. on the card to show you can pay and I've also heard you're supposed to pay it off completely every month. Which way helps your credit score the ... |
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 Does cancelling credit cards hurt your credit scores? |
I have a regular visa credit card that I have paid in full. I have heard that cancelling the card will hurt your credit scores...is this true?
Also, I have a store credit card that is also paid ... |
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 How does one fix their credit report after it has gone bad.? |
Additional Details
Ok i have paid all bills. I had an jerk for a boyfriend that went and used all my credit cards didn't help with rent or any bills. Thats why my credit is so bad. ... |
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 I have been Traced by debt collector? |
| I applied for a ÂŁ5000 loan over the internet thro Eggs and it got proved So I decided to go traveling & when i got back i was not able to pay it, so I moved address's, & I kept runing ... |
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 Should I get a credit card? |
| I turned 18 in August, and I have no money, except for the money my parents give me, and Im a senior in HS, I really want a credit card so I can buy things, and I'll pay it off when I get a job. ... |
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 When im older, do i really need to have a credit card? |
| ive heard many more bad things than good about them. im hoping i dont need one EVER.... |
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 Credit card debt, and how to get out of it?!?!? |
| I have credit cards and all of them are over my limit...How can I help to lower my debt, but not have it effect my credit any worse, than what my credit already is?!?!?... |
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 Should I pay off a debt from 1998 that does not show on my credit report?.? |
| The loan was for an auto repo. A debt collection agency contacted me and said they would settle for 25% of the loan amount, which is a great deal. If I do not pay the amount could it affect my credit ... |
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 Is it acceptable to be in debt if you are responsible about it? |
Like thousands of other students across the UK, I have an interest free overdraft (which I seem to be in all the time) and I also have 2 credit cards.
My credit rating seems to be good, ... |
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zzzzzz | I accidentally signed up for a credit card. what should i do? |
the other day i went to Canadian tire and there was a lady there giving out cards that said you get $10 off gas and i blindly signed up. but as it turns out it was for a credit card!!!!
what should i do??
they already mailed me the card.
will this lower my credit rating? |
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Michael K
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Congratulations, you lowered your credit score 5 points. (for the credit inquiry made to open the new account). It's not a big deal. I would call the 800 number on the back of the card, tell them that you want to cancel the card, and then cut up the card. You score will be down 5 points, and recover in a couple of months.
Unless you were right on the cusp of a cutoff and are applying for a big loan (like a mortgage) there's nothing to worry about.
Below is an answer from the FAQ section of myfico.com (the inventor of the FICO score)
"Fallacy: My score will drop if I apply for new credit.
Fact: If it does, it probably won't drop much. If you apply for several credit cards within a short period of time, multiple requests for your credit report information (called “inquiries”) will appear on your report. Looking for new credit can equate with higher risk, but most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.
" |
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CompLLC
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You should not close the card because closing credit accounts early will lower your credit score. You should however take the opportunity to build your credit by buying a small amount of merchandise with them every month (Couple of dollars works ok) and then paying off in full. This will cause your credit to increase every month due to the fact you are showing a track record of responsible card utilization, paying creditors, having established accounts. |
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Sarah A
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If you've gotten the card, call the 1-800 number on the back of the card. If you don't have a card, find the customer service number on the card company's website. Call and tell them what happened. It shouldn't change your credit rating much. Especially if you don't charge up a huge amount. Actually, if you want to improve your credit rating use the card, keep a SMALL balance ($100 or less) or pay it off each month. But only use it if you think you can handle it. I got myself in some trouble with credit cards in my early 20's. Keeping a credit card responsibly increases your credit score. My score shot through the roof when I started paying off my cards aggressively. I'm 31 and I just bought my first house all by myself! Good luck! |
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JG
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call the company and protest |
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Lifecircus.com
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Cut it up and send it back |
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casw1
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It would actually raise your points since there is no balance on the card. For your own sake, I do advise that you don't use the card at all. Definitely cut it up or put it away. Then depending on how you feel and I can see that you feel strongly, call the company to cancel the card.
It's no big deal , really. |
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candy
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i think that u have to activate he card first just dont call the number and tell you dont want it |
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bdancer222
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When you receive the card, cancel the account via regular mail (don't phone, don't just cut up the card, don't email) and request written confirmation of the account being closed. Then keep copies of your letter and the confirmation with your important papers.
Immediately closing a new account won't really impact your credit score much and it will rebound quickly. |
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?
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Call the company and cancel the account. |
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shamieya
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you have to activate the card. if you never activate it will never be on your credit report. unless you accidentally call the number and activate it. |
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rowdysunsetart
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As long as you dont use it you will be ok. I would get ahold of the company and tell them you did not realize it was a credit card and you want to cancel it...make sure they know it was misleading in the presentation... |
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Dr. Deth
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a couple of points - just don't use it - it will recover |
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shelcom
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You signed stuff you didn't read? Nice job. |
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DeputySpade
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Just don't use the card it will do nothing to your credit unless it has an annual fee. |
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Alterfemego
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just don't activate it. cut it in quarters and throw it away. |
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fashiondesignergrad2010
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call them and tell them to cancel it.......i don't know about the credit rating |
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ouranticipation
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Just don't use the card and nothing will happen.
Sheesh. |
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mrector2
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It should have come with a grace period during which you can cancel without any penalty. Read the fine print.
If you keep it and use it at least once, then PAY IT OFF immediately, it will actually HELP your credit rating. But unless you really, really, want a credit card I don't advice keeping it forever. They'll kill you with interest charges and fees. |
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