 How do I pay off $190000 in studen loans? |
| So, when I took out $175,000 in student loans to get through lawschool, pay back didn't seem like it would be a problem. However, I have graduated to a bad market and with substantial health ... |
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 I owe $100,000.00 on 22 credit cards. However, I can't afford to pay them. What legally can they do to me? |
| I know they can sue me in civil court and get a judgement against me for the owed amount plus other fees. I wouldn't even be able to pay the judgements! Will the judgement cause me to have my ... |
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 Are there credit cards for people with bad credit? Where do I get one? |
| My life is more established and I would like to get a credit card. However, I have bad credit, is it possible to get a credit card? Any suggestions...?... |
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 Clearing off credit cards - please help? |
| basically i have a credit card with vanquis bank I have used up my limited of £1000k, i pay off only the interest everymonth of £50, i am planning to pay off £800 the end of this month will my ... |
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| Is a credit score of 551 bad and can i get a car loan with it? |
| is a credit score of 551 bad and can i get a car loan with ... |
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 Do anyone out there think Salute Visa is a Scam??? |
| I applied for this card three months ago and never received any letters of approval or anything, than when I call the customer service reps all tell you something different. I even asked for an ... |
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 Can anyone stole money from my bank account? |
| i had received a mail that i am eligible for receiving 15 million dollars from some . i had given my account name & bank account no ( personal details also)to that person for transfer of funds. i ... |
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 Does anyone really think we are headed for a cashless society? |
The ceo of VISA wishes that by 2012 the US becomes a cashless society. Is this really possible? The US coin mints and currancy printers are owned by the government not banks.
Even though I... |
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 How I can resolve this credit problem? |
| There is an account that is in creditor collection.I do not know the origin of this past due account. I have never being notified of any debt.... |
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 I am terribly in debt HELP? |
| as a single mother I do not have alot of income. Is there any way a credit card company will work with me to lower my monthly payments or anything? This is really important to me and I just don'... |
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 Do collections agencies lower the bill if you negotiate with them? |
| when i paid some of my collections the agencies would lower about 30% but then i requested this to be done at another collection agency and they said it was illegal!... |
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 If I have 0 interest on a credit card for 4 years why would they call me if I skipped a payment??? |
| I really don't get it.... I have 4 years with 0 interest (I have until June of 2010). The card is not going to be an issue to pay off, but I skipped last month for some extra cash, and doubled ... |
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 Credit of 601? |
i have a 601 credit score is it bad or good
Additional Details
what companies will give me ... |
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 This is a stupid question about writing a cheque.. |
| after you write the amount in numbrs do you HAVE to put only afterwards. i.e Three Hundred Pounds only... or can you just put a line.. because thats what I did.... |
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 Whats a money order and how do i get it? |
| i wanna send cash in the mail,but everyone is telling me to do a money order instead.how do you do that?i can get it at walmart??how do i do that?... |
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Angel | I have 16 credit cards.. Is that bad? |
I have 16 credit cards, however, 2 of them are Business Cards (so they aren't even reported to my consume credit report, but instead to a Dunn and Bradstreet credit report?)
I have 14 personal credit cards.. 2 of them are Store Credit Cards. 12 of them are visa/mastercard/amex/discover. Okay, all of them are paid off and have a $0 balance on them, except for 3 of them. And the LOWEST credit limit I have on 1 card -- It's a $500 credit limit. The rest are 1k+. I am scared this will hurt my credit score, but I've NEVER been late on any card, never gone over the credit limit on any of them. 2 of them I plan on paying off completely. The last one, I pay about 20 dollars more than the minimum payment they ask for.
Is this hurting my credit? Even though I pay them all on time, never missed a payment, never gone over my limit, etc? |
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SPIFIMAN1
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You are fine.
The number of credit cards you have is not important. What is, is how you manage them.
I once had 14 credit cards and had great credit (still do)because I managed them like you are doing. |
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grierGRIER h
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Avoid too applying for too many credit cards all at once. When ever you check your credit score it leaves a mark. If you have too many marks too fast lenders thing you've hit a financial wall and are headed for trouble. One case that comes to mind is about a first time home buyer. They were approved for the home loan but it hadn't been finalized. The buyer thinking he was getting a home applied for a credit card to buy furniture. Because the loan had not closed the new credit card application caused the loan to be rejected at the last minute. This one application caused his credit score to drop to an unacceptable level and he lost the house. The moral: be careful with the timing of your credit card applications. Read more from: http://www.credit-card-gallery.com/article/136,Seven_Must_Know_Credit_Tips |
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Kita
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It is not bad if you have never missed your payments. The only thing bad about it is not being able to keep up with your payments and forgetting which account needs to be paid on time. It gets stressful. |
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catherine i
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Hi from France ♫
It's not bad if you've too much money !!...
Have a nice day,
Cat. |
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Expert Realtor
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I would cut it down to at least 10, because you are wide-open to possible identity theft with that many accounts open, and if they are not store cards, why do you need so many?
I personally have several store card for discounts and sales, but I only have one Visa and an American Express card...I just don't see the purpose of it.
Lenders get nervous when they see more than 10 lines of credit open, regardless if they have balances or not. |
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Mahyar
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Why bad!? I don't even have one... :-?? |
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helia
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Its fine having 16 credit cards, I have a friend who has 30 cards the most important is never miss a payment, once you miss one it will keep on piling up you might even have to borrow money! |
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Guns Don't Kill People I Do
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wow, u must get a hell of a lot of junk mail |
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Pythia
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The total number of credit cards you hold does play a role in your credit score, but only a relatively small one. Check with Fair Isaac to find out the exact percentage. The most important components of your score are your payment history (that includes always making payments on time, and the length of your entire history with the credit reporting agency) and what percentage of available credit you are using. This is computed as a percentage of the available credit per card, and also globally. So, it can actually be good to have several cards and use each one for a small number of purchases each month. If you always pay in full or carry minimal balances, your credit score will be better than if you had only one card! Having said that, sixteen is usually considered a lot. Yet I had more when I sought financing for my car, and my score was well over 750 anyway (I'd rather not say the exact number). Note that cancelling cards will not help your score, and can hurt it. It is much better to put the cards with zero balances away, to be used only in case of true emergency. The credit limit on those cards is included in your total credit limit, but you never use them, so they are not included in the percentage of total available credit you use. This will cause your score to go up gradually with time. |
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abi
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ohh can you give me one? =d |
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Moony
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Wow, are you serious? I don't know much about credit cards as I have none. Ask a credit counselor if you are concerned. |
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Persephone
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Actually, it can be bad to have that many accounts open. When I was in the process of buying a house, I was told I should close the accounts I don't really use or care to keep because it would affect getting it pushed through. |
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beauty s
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Why do u have some many credit cards?? and close like half of them now... close the newes ones.. I hope u don't go in debt |
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chikaomiski
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Ｙｏｕ should be dispose of 80% credit cards unless falling in bankruptcy. |
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