 Does anyone know where i can get an auto loan? |
| my credit isnt great because i had to let the bank take my truck when i lost my job which was months ago now i need a car and i dunno who will finance me i found the car im in love wit only 8,000 not ... |
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 Can being having my tuition payment given to a collection agency effect my credit rating? |
THis is specifically in toronto canada
I have not graduated but they are sending my file to a collection agency
I dropped those classes but they are still charging me like 75% ... |
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 How do I get out from an upside-down car loan? My work has cut my hours and I can't afford the payments.? |
| My credit is bad as it is and I had a prior repossesion 3years ago, I don't need another! I tried contacting the creditor but the will not work with me at all. I have tried several other credit ... |
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| What can I do regarding a late fee for credit card payment? |
| I signed up for a credit card in JJB sport shop and was told I've about 52 days to make the first payment. I spent about £17 which I paid within this 52 days. That's a while back. Recently ... |
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 Im told I have a lousy credit score for various reasons but Ive never had a credit card. How can I get one? |
| Im not in debt now and I own my car paid in full.The only ones ive been offered are insured or secured cards and I see them like a debit card.Will these cards proper use be the doorway to a real ... |
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 What if a collection agency sends you bill after bill after month after month and you don't pay? |
| Will they take you to court? I have this big bill of like 700 some odd dollars that I can't pay. If they can send you to court, how long do they wait?... |
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 Is this credit fraud and what could i face in court? |
| my dad and i have the same name. he allowed me to use his credit card to make a 5k charge while i was still living at home. i now live in another state and he now is threating to press charges. its ... |
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 Has anybody ever used a credit repair company? |
| In particular a company called credit for all or any other repair company.They say they can remove bad credit from your file mainly because most of the finance companys dont keep great records thus ... |
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 Does identity theft have a connection with car theft? |
Additional Details
lets say you leave your credit card inside your car and your car gets stolen.... |
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 Fico score of 683, but Wells Fargo denied car loan. Can I get a pre-appro. loan elsewhere? |
| Fico of 683, but WFargo denied me a pre-approved car loan due to bankrupcy 4 yrs. ago and a charge-off on a car loan to another bank 6 yrs. ago. My credit since bankrupcy is great. I have three 8.9%... |
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 I have a low credit score. What can I do to raise it? |
I've heard you should get 3 credit cards and make all payments on time. Is this right?
Also, what if I get 3 credit cards, and just never use them? Do I have to have current ... |
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| Credit card question? |
| I have a credit card through chase, the chase freedom card, comerica visa card, i am looking for another one to build my credit up, i applied for an american express card and they denied me, i was ... |
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 I claimed bankruptcy but wasnt smart enough to take my gf name off the Visa now she owes $4,500 what can I do? |
| I claimed bankruptcy, but wasnt smart enough to take my gf's name off the Visa, now she owes $4,500, and are threatening court action if she does not pay in 10 days. What options does she or I ... |
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 What's the best way to get credit? |
| I want to ge ta credit card and can't what's the best way?... |
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 Advice needed. I feel hopeless, but there's got to be a way out. Any ideas for a strong future? |
| My goal is to own a consignment shop. I defaulted on my college loans years ago, but have been paying them off with no late payments. My college loan is my ONLY debt. (no car payment, no credit ... |
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bader_708 | I really want to understand the way "credit cards" work? and best ways in using it? |
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shiprepairwoman
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You are borrowing money every time you use it. If you buy a tank of gas and charge it you owe the money but you can pay it before the grace period without interest. If you don't pay in full on time the interest will be high. Say you owe $1,000 it can cost you about $300 every year just for interest, once you get behind where you carry a balance it can take decades to catch up. Never ever carry a balance and the aren't bad but paying $300 a year interest on stuff you don't even remember is bad. Some owe ten times that much or more. They are the laughing stock of responsible people, an embarrassment to their families. |
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badassp51
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They "loan" you money, at a high interest rate. the more you use it, the more it will cost you. Have one, and only one, credit card and use it only in emergencies. |
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SPIFIMAN1
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A credit card is just like a loan from a bank except you have the option of paying a credit card in full every month and avoid interest.
The best way to use one is for everyday things like food and gas being careful never to exceed 30% of your credit limit in any given month and pay it off in full before the due date.
This way you will not be charged any interest and the time lapse between the billing date and the due date will show you with a small balance every month. This will establish a good payment history which makes up 35% of your credit score.
I have done this with two credit cards for the last two years and have raised my score over 150-points. |
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Mountain Top
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The best way to use it is to treat it as a way to not carry cash with you. So don't charge anything on it you can't pay off at the end of the month.
If used this way, you get some float (the money in your checking account looks good to the bank) while you use the credit card.
You also have an emergency source of funds which you can extend payments on if you need to. Just keep your normal spending in check.
Some accounts give you points or rewards, or cash back - even better. |
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mamac_197030
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I know a lot of people said not to get a cc and not to use one if you have one. Well, guess what? Having a credit card that you don't use can actually cost you money too for NOT using it. Lenders often have it built into their contracts as a "fee" for non-usage. So the best way to use it is to charge minimally and pay it off immediatly so you can build your credit. This way, later on down the line, you will have excellent credit and will pre-qualify easily for a home loan. Just make sure you research the interest rates and the contract thoroughly prior to committing to a credit card.
The best way not to use it if you just don't trust yourself is this little trick: Put the cc in a plastic ziplock bag and fill with water. Then put in the freezer. Defrost only after you have given yourself AT LEAST 24 hours to think about what you are going to use it on and if it is a true emergency. |
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Dewey K
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Check this site. http://www.1-800BadCredit.com
They are very helpful and have a page on understanding credit.
http://www.1-800badcredit.com/credit-score.html |
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Bingo
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The best way to use a credit card is DON'T USE IT !
If you do use it make sure you can pay it off in the first billing. |
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tramps3
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A credit card is just a way of borrowing money when cash is not immediately available. Credit cards can be a good thing, if used with caution. It does help to build credit for larger purchases such as buying a car from a dealership. You can go the route of using only what you can pay off on one bill, especially where cash advances are used. If you choose to make monthly payments on a credit card, be sure to make the monthly payment MORE than the minimum; this helps to bring down your balance better than making just the minimum payment. My best advice to you? Regardless of the credit line you are given, set yourself a personal limit, and don't go beyond it!! |
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hottotrot1_usa
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The bank (or whoever) checks you out and then mails you a credit card. Many merchants will let you charge on it. You receive a bill in the mail once a month. If you pay the whole amount due before the due date, there's no problem. If you pay less than the full amount, its like a loan that you've taken out. It can grow and grow and grow if you are not careful, because if you keep spending, and pay less than the full amount, and let interest charges keep adding on, you are basically spending beyond your ability to pay for it. Its addictive.
You have to be able to set a budget and stick to it.
Interest rates on credit cards are very high...like 19 percent per year.
I would advise you to apply for a card. If you receive it, use it carefully and pay it off in full every month. A lot of people on Yahoo Answers believe its more important to establish credit by borrowing, but I believe its more important to avoid outrageously high interest rate charges. |
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Chris F
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Try this site...
http://www.mycreditselect.com/General_FAQs.html
They have lots of great information on credit. |
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sajith
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Find very useful info and tips on getting and managing credit cards on http://creditcardmanager.credithelperhom |
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