 Do cell phone bills affect your credit score? |
| I dont think it does but my fiance` thinks it does...... |
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 What does the word derogatory mean on a credit report and how does it effect a FICO score? |
i noticed that my fico score went down
Additional Details
it is an account that i am paying off in a settlement for $50 a week. I send letters with every payment dated and signed asking ... |
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 I Need A Credit Card???? |
| I've been trying to build credit without a credit card but have finally given in seeing how everything I want to get needs a co-signer which I don't have or CREDIT which I also don't ... |
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 I paid off unpaid balance on my credit report a year back, but my credit report is not updated, what do i do? |
| I had an unpaid balance on an account which i paid in full, and I have a letter from the creditor (dated a year back) indicating that the account has a zero balance. However, my credit report still ... |
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 How to pay bill collectors? |
| I am a kidney transplant patient and will constantly be at doctors offices and hospitals. Just for this year alone I have recieved 4000.00 in bills from the hospital alone. That is my deductible from ... |
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 How long does it take for the record to be off the credit report, if the debt is settled with collector? |
| i have a 1400 in cc debt for the last 3 years, the collection company offered the settlement of 715.51. The actual credit line was 500. the rest are fees. Does anyone know, how to negotiate lesser &... |
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 What businesses other than Woolworth's is the credit crisis affecting? |
| I haven't really been with the credit crisis recently so it would be great if i could know what shops businesses have been ... |
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 Will it be difficult for me to refinance my car loan? |
| I applied yesterday for a new apartment, so obviously my credit will be checked, among other things. My mom co-signed for a new car for me about a year ago and I am now plan to refinance my car loan ... |
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 If i were to break my lease for my apartment would it affect my credit and/or my mother who co-signed? |
first off i do care about my credit and my mothers that is exactly why im asking the question in stead of just doing it.
I moved into an apartment in august with my new husband. we have ... |
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 Does asking for a copy of your credit report affect your FICO score? |
| I would like to request a copy of my credit report from one of the credit reporting companys to see my score. Does it affect my credit the same as it would if a lendor ran a credit check?... |
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 Bad credit question? |
| So I used to have really bad credit. But now I'm making really good money. Will I still always have bad credit?... |
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 Credit Cards? |
| Does anyone know of a place where I can get a credit card, guaranteed? I'm only 18 so I have very little credit, and they turn me down because of that. But you have to start somewhere, right?... |
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 What are some of the best ways to build good credit w/o a credit card? |
| I want to be able to buy a home soon but I don't think I have any credit history and my husband doesn't have the best credit. I would real working answer please, and thank you.... |
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 Last time i paid my credit cards was in 2005, they were charged off, now in collections, can I still be sued? |
| I checked my credit report recently, all the credit card companies have charged them off as bad debt. Can the collection agencies acutally take me to court to force a judgement? Can my wages be ... |
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Leela | I have one shoddy credit card (26% apr? lol) that I only have in order to build credit. Will...? |
they eventually give me more credit after so many months of paying on time and not really using the card anyway? Or can I request more credit at some point? I've only had the card for a few months now and I only have a $250 dollar limit. I *only* want the credit to improve my credit score because I want to buy a house in the next several years. Thank you for your time and advice.
Additional Details
(I have bad credit) but thanks for the underwriting recommendation in the future. ;-) |
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patrick p
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Charge $100, pay it off over two months, repeat - you'll be paying some intereted, but they'll like the fact that they're making money off of you. Creditors don't value customers that pay off their bill every month ("no profit" customers!)
If you've never had credit before, continue doing the above and very soon you'll have offers piling up in your mailbox.
And there's NO REASON not to call right away and ask for a lower interest rate - tell them "I've seen some rates that are very competitive to the rate I have with you, is it possible that you could lower my interest rate." A study (no source!) years ago showed that this worked FAR more than one would expect.
But wait 6 months to ask them to extend the line of credit (if they don't do it without you asking) - when they do that, they do a credit inquiry. |
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Steveo
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Well, if you can only get a small credit line, then that is the only way to build up your credit. If your credit is good, then you might try a credit union. Their rates aren't as bad. My credit union only charges 9% on my visa card. |
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pomegranatepants
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Yes, yes, and yes. You can call them in about 6 months and request that they raise your credit limit or lower your interest rate. |
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Laissez-Faire Guy
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Yes. Just use the card once a month, maybe to buy a burger or pack of gum, and then make sure to pay it off every month on time.
After 6 months or so, you can request a higher limit. However that really isn't important. What's important is the regular on-time payment history, and keeping your credit used vs. total credit line ratio under 30%. Those are the two biggest factors in raising your credit score over time. |
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TaylorProud
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yes, they will eventually, but I wouldn't take it.
I would transfer it to a different card with a lower rate after you have paid on time this will help.
Don't get a card where there is an annual fee either. |
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navi
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Well done, I am glad to see that you have sense not using that card. It's to easy to run up bills and the only good bill is a paid one. You are quite right, you can ask for an increase in credit allowance later, just use it gently and pay off before interest is put on. 26% it make sme wince.
I order things and then pay them off in a few days, like just booked holiday, £2750 and paid it off 2 days later no interest. The raising of credit limit by bank is to bring to your mind the credit card hoping that you will use it. Good luck to you. |
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heybulldog
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You don't need a credit score for a home loan. Find a bank that does "manual underwriting". It's the way home loans were givin' before all the fico score worship (and foreclosures). You can get the lowest interest rates out there.
The only thing that obsessing with your fico score will get you is debt. |
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MARY N
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Rather than using their credit card with such a high interest rate, I'd take my good credit history to a credit union or bank with a lower interest card and get one of theirs.
That's being a smart consumer.
Good luck. |
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lilylady20
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Yes, they will. I don't know if you can request it...mine just gave me credit increases after being good for awhile. You do have to use it though...like, it won't help if it just always sits at home.
Also, a credit card will build your credit, but not by much. I'm not sure what DOES (I'm in the process of figuring that out myself), but I've got a credit card and it's not making much of an impact on mine. |
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