 Auto Financing help??? |
| The car I own now is being financed by my mother. I want to trade it in and get a new car. My question is, can I trade in this car and have them pay it off even though the new car I am purchasing ... |
|
 Ok, I need help from someone who is REALLY good with money and credit.. PLEASE!!? |
| I keep trying to figure my problem out, without telling all my biz. Ok, so I want to consolidate my bills. They are NOT credit card bills, however. They are bills that fell past due and came about ... |
|
 I ate at a restaurant five months ago and they are just now posting my charge to my card, can they do that? |
| I ate at a restaurant like five months ago and they are just now posting my charge to my check card, can they wait that long? Is that charge still valid? should i dispute it?... |
|
 DO Unpayed Medical Bills show up in your Credit History? |
| DO someone know that if UNPAYED MEDICAL Bills show up in one's CREDIT History or NOT?... |
|
 Do CC companies really hire law firms to sue debt-owing consumers? |
| Do CC companies really hire law firms to sue people over unpaid cc debts less than $2000?Some law firm from UTAH called my mother's answering machine left a rude msg that they are going to sue ... |
|
 Can a collection agency buy my debt from a credit card company I owed over 12 years ago? |
| When I was 18 I got a credit card and went over the limit and owed $1000. I never paid it back and it was even dropped from my credit report. All of the sudden I get a letter from a collection ... |
|
 How can I repair my credit? |
| I ruined my credit in college and as a result I have about $10,000 in debt. Most of the accounts are in collections, charge offs, or past due. The only thing positive on the report are my student ... |
|
 I am in the middle of filing chapter 7 bankrupt and need to get a car loan? |
| Does anyone have any ideas of who might approve us for a car loan when we are in the middle of a chapter 7. Most if not everyone say we need to wait until we are discharged. Thanks for the help.... |
|
 My credit is fair 625+, Now I have a problem..please advise.? |
| I screwed a cell phone company for $646. What effect will this have on my credit report, Is it real bad? Cant be as bad as a credit card charge off.... |
|
 Do those "credit repair" places really increase credit scores? |
| are they legit, and if yes, do they help much at all? How long do they take to do whatever theyre going to do ?... |
|
 Will my credit score be repaired? |
| I settled an dispute with verizon becuase they had sold my debt to a collector and now the collector damaged my credit score which is what I do not get since everything was fixed between me and V... |
|
|  |
amb6487 | I recently recieved enough money to pay off all my credit card debt? |
I want to pay off and close all my credit cards, will this help my credit at all?
It is pretty bad right now.
Additional Details
Everyone keeps saying to leave one open, however, I don't have a card that has a reasonable interest rate due to some bad decisions when I was younger. I really just want to close them all, why is this not a good idea? |
 |
 
hightechchic
|
It's a good idea to keep at least one open because the ones you'll get offers for will in the near future will likely have even higher interest rates than the ones you have now.
If you can keep at least one open (and you have the discipline not to spend up on it again), then you do at least give yourself a card that you can still use for purposes where only a credit card will do. For instance, if you wanted to rent a car, you MUST have a credit card. A debit card won't do and neither will cash. |
|
T J
 |
It certainly wouldn't hurt, and you'd be free of those ridiculous interest rates.
Do it!! |
|
October
 |
Pay them all off, but keep one open. |
|
tara t
 |
yes it will..get rid of the debt..this is a crucial step to bettering your credit! and economic goals. |
|
$m¤¤v¥ £¤¢¤
|
Pay them off, but I'd leave them open. Reason being is that you close those accounts, you shorten your credit history. Keep them open, and use them in emergencies. Credit should be used as a tool. Some people have a misconception about credit and how it should be used. If you think about it, good credit is used to get a lot of necessities: a car, a house, even a job. The main difference between credit and debt is that with credit you're able to get the things you need, and debt is that needs and wants get confused and people start living outside their means. So, don't cut them up, put them up in a safe place and charge responsibly! |
|
Jason S
|
Keep them open (at least the oldest ones). Closing them WILL NOT remve any negatives from your credit report. Having the older cards gives you a longer credit history which is a plus. |
|
Nir V
|
Invest the money some where safe where you can money pay off your interest and your Principal.
It all depends when you receive money...and if you invest it and double it in like 2 years atleast some of them. do it. |
|
Homeslice
 |
It will help, but not overnight. You will want to leave one card open. |
|
Ingrid
 |
Yes it will help - go ahead and pay them all off and close the most recent ones you opened up. You want to keep the oldest credit cards and only charge small amounts to them each month -- always pay them off too. This way you start establishing a good credit record. |
|
RealtorMelissa
 |
I would definately pay all of them off and keep them open. Just don't use them unless you have to. That's a good way to keep building credit... by letting creditors know that you don't "need" to borrow money even though you can...? |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 32 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
10 | 2 month(s) ago
| | | |
10 | 7 month(s) ago
| | | |
9 | 12 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
