 Can you buy a car with a credit card? |
| Also, can you get a credit card with no credit?... |
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 Is it bad to not pay your credit card bill off in full every month when you have 0% apr? |
| I've had my first credit card for two months now. I have 0% APR until October 08. I only have a $2XX balance on it, and the minimum payments are only $15 a month. Last month, I paid them $40 and ... |
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 Can I deliberately overpay my credit card in advance?!? |
Hiya,
My credit card is about to take a pounding as I'm going to be away for 2 months. To stop me going over the limit, I'd like to overpay it before I go so that I actually ... |
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 Husband deployed and mortage company want let do anything? |
| my husband and i baught ahouse last yr and my name isn;t on the mortage, he tried adding me to the mortage but they wouldn't add me since i didn't have a job, well now my husband is ... |
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 Is it ok if I mail my credit card payment 1 day before it's due?? |
I was planning on mailing it today, but i totally forgot today was Veterens Day and there was no mail today.
Additional Details
OH GOOD! I'm pretty sure i have a 6 day grace period, ... |
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 What do you think debt collectors want to hear? |
Do you think debt collectors want to hear something like this
"yes, I know about that debt I have and I'll pay you $400 right now, here is my account number and ..."
... |
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 How do you use a credit card and avoid ANY additional fee? |
| Say for example, I get a credit card from Capitol One with a $500 credit limit. I purchase 1 item for $200 using my credit card. My account statement online shows Credit Balance- $300. minimum ... |
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 Do Electric Companies Report Delinquent Accounts to Credit Bureaus? |
I was with Stream Energy and accumulated a $2000 electric bill last year after my husband lost his job. It's been sent to a collection agency and now they're calling me.
I am ... |
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 If i have terrible credit can i still get an apartment? |
| I HAVE NEVER HD AN APARTMENT BUT I HAVE BAD CREDIT AND I OWE ALOT OF PLACES MONEY BUT I NEED AN APRTMENT.....THANKS!... |
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 I need to get a loan for 6000...? |
| I have a less than perfect score due a divorce. I am a single father and just got released from active duty due to a medical injury I sustained in the war. I have run out of options and don’t know ... |
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 If a cash machine pays out to much money can the bank make me pay it back? |
| i used the cash point and got out £100 but it give me£200 so i done a balance and it only showed i took out a £100 so i used the cash point again and asked for £60 but it give me £130 so i got £... |
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 Cash, Check, or Debit card? |
| Which one do you use the most often?... |
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 What's the most effective way to clean up my credit /score? |
| Besides paying everything off, not charging too much etc. What else in the meantime that may be helpful???....Any tricks of the trade you have learned over the years on erasing things on reports, and/... |
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 Is there a significant benefit to paying off a "derogatory" account? |
| I have several credit card accounts that were charged off a few years back. Some are listed as "paid in full", some are listed as "paid - settled for less than full balance", and ... |
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 Help with bad credit? |
| hi. i have horrible credit from past divorce , huge hospital bill from a emergency surgery with no insurance. ive heard of debt consolidating . can someone help with where to start. what is the best ... |
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 Where can I find a personal loan for people with bad credit? This is life or death and I need the help? |
| I don't have great credit but I work at a great paying job. I don't want to use payday loan sites because its a scam. I have been scammed so many times and I am now do to the wire. I need ... |
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JESSIE G | If i get approve for a credit card will that bring down my credit score? |
I been thinking of getting a credit card but i wanna know if i get approve for a credit card will that still bring down my credit score. |
 |
 
farrell h
|
Repairing the credit score is not that difficult provided you take these 5 simple steps into consideration.
1. Check your credit report regularly
This is a must to ensure that you know your current credit score, and what is ailing it. If there are any inconsistencies in your credit report get them corrected. Keeping bills of all the transactions you make can be very handy and helpful in correcting any errors in your credit report.
2. Get rid of those extra credit cards
The temptations to own a new credit card are so numerous in modern times that many of us end up with a purse-full of them without any real need. They stay there and cause a lot of problems in repayment. The confusion that comes with too many credit cards can easy lead to a missed payment and resulting penalties. Frequent defaults will reflect poorly on your credit score. So, keep only the necessary and discard the rest.
3. Repay on time
Every credit card transaction is a loan that has to be repaid on time with interest. Don't ever miss out on any repayment. If you are not able to make full payments, make half, or even the monthly minimum, but don't default. This will keep you in the good books of credit card company and help your credit score. If you are not able to pay anything to the credit card company, don't shy away from them, call them, explain your problem and work out things so that a negative report doesn't land up with the credit reporting agencies. Read more from: http://www.credit-card-gallery.com/article/239,Credit_score_repair_in_5_simple_steps |
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Etta P
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No, obtaining a credit does not adversely effect your credit score long term. It may bring it down for the first 90 days due to it being "too new to rate". Be careful applying multiple times as lots of inquiries would certainly bring your down your credit score. hope this helps |
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Mountain Top
|
No. It will not.
A single inquiry will only cost you 2 points or so.
Your score may actually go up if you don't use the card (bear with me) because your current revolving debt ratio to available credit line will be lower. For example, you now owe $1000 and your credit lines are $2000. Your ratio is 50%. You get a new card, with an additional $1000 line - your ratio is now 33%.
The break points for ratio's are 5%, 15%, 25%, and 50%.
So if the new card gets the used / available ratio down - the score will actually go up - quite a bit - more than enough to make up the 2-3 point hit on the inquiry.
Of course is you max out the cards, the score goes down. |
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Brian G
 |
Your score will take a minor hit initially from the inquiry and added credit available, but making on time payments will bring it back above where you were, as long as you don't have too many cards. Two or three should be the maximum, depending on income. |
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christine s
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It may depends on how many you have. After awhile though of good payments it will bring it back up. |
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Jane D
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normally not becauses you have opened one. you should also keep your credit cards that you open to a very small amount the more you open the more your credit score goes down. also including loans or any financing you may do etc.. |
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♦cat
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when u apply for credit card, the inquiry is the one that lowers ur credit score, then the number of accounts open... |
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randy
 |
each time you have a credit inquiry for a card or a loan it can lower your score anywhere from 1-4 points. |
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rlloydevans
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When you first apply you could take a small hit if you've done a lot of applications the previous 12 months. Also, when you get the credit card you take a short term hit (3-12 months, depending on your credit) because your POTENTIAL debt to income ratio is higher. (ie, you can borrow more against the card with no notice to make it harder to pay your debts.)
However, after you've had the card, and established a good record of paying it off, it becomes an overall positive after about 3-12 months. |
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traffic814
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U lose one point for every 3 cc u open
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http://www.bestcreditrates.net |
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