 If I am an Emancipated Minor, can Obtain a credit card? |
| Emancipation of a minor , basically declares a minor an adult with certain provisions. You can contract for real estate, have cars under your name etc.... |
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 Does anyone know if a credit card company can take your child support checks as garnishment.? |
| a credit card company put a garnishment on my bank and took my savings and will take every penny of any child support checkes i deposit. can they do that considering its child support.... |
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 CAN C.C. COMPANIES GO AFTER MY BANK ACCT.,WAGES,OR BELONGINGS IF IM TOTALLY UNABLE TO MAKE PAYMENTS.? |
WAS RECENTLY LAID OFFAND CANNOT MAKE PAYMENTS.ITS BEEN OVER 3 MONTHS.DO I HAVE TO FILE BANKRUPTCY,OR CAN I JUST LET THIS RIDE OUT WITHOUT REPERCUSSIONS BESIDE TERRIBLE CREDIT.
Additional D... |
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 Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle? |
| The bank does not want to release my car unless I can have a co-signer for the loan. Is there a law that I can quote that states that I do not have to provide a co-signer for the auto loan?... |
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 I co-signed on a loan? |
| I cosigned on a loan for my ex-boyfriend back in Dec. of 07. He assured me that he would refinance the vehicle in 6 months and have my name removed from the loan. It is the 7th month and he has not ... |
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 Why doesn't my credit report show my credit score? |
| It got my credit report online from Experian. Why doesn't it show my credit score?... |
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 Improving Bad Credit Score? |
| I have a friend that went through a rough divorce. She (my friend) moved out and he remained in the house not making any house payments or second mortgage payments. Trying to make it on her own she ... |
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 Does anyone know how to remove debt covered in bankruptcy from a credit report? |
After I filed bankruptcy, an woman I used to work with told me she went to a seminar about rebuilding credit after bankruptcy.
She was told you should hire a lawyer to clear off all the ... |
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 Is it possible for a 15yo to get a loan. in any country? |
| im 15 and i want to start getting somewhere as i dont go to school. i am responsible and will be able to pay back the loan. just wanted to know if its legal.... |
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 If I buy something with a credit card...? |
| and then return it, is there any way I can make both transactions (purchase and return) disappear from my bill?... |
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 I have bad credit? |
| does any one know where i can get financed so i can get a ... |
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 How can I buy a home with bad credit? |
| Me and my husband have our own business and we try to buy a mobile home a month ago but we didnt get approved. We would like our own place. I would like to know who will finance us a home with bad ... |
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 Is it true that if I dispute items on my credit score, some of them might be removed? |
| Since the companies have to respond within 30 days, and some of them won't in that time period? Are there any negative affects this might have? Or does it depend on what I say when I dispute ... |
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 I have a credit card on my fathers account .is my credit score being affected since it is his account? |
| the visa credit card is in my name, but the credit card number is the same as is my fathers credit card, when the statement comes in every month it is only in my fathers name. whether he pays it on ... |
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 An eBay question...? |
I want to start selling on eBay but I dont have a credit or debit card. Is there anyway i can sell without one?
I dont want to get one of those pre paid cards either.
Many ... |
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naughty_sharky | If my credit cards gets cancelled due to inactivity, will that effect my credit ranking? |
One of my credit cards just got cancelled because I haven't used it in about a year. Is this bad for my credit? I mean I had $0 balance on it and everything. |
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Wilton P
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It's better for your credit rating to have the card cancelled. The fewer credit cards, the better. Open card accounts count against you. |
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echo
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Your scores will probably take a slight dip for awhile.
The advice that the fewer cards the better and open accounts count against you is totally wrong.
If you do not have a healthy balance of credit on your reports - guess what - you pay a higher interest rate when you purchase a home, a vehicle etc.
You actually need a good mixture of major credit cards, store cards and loans on your reports. Keep in mind that your utilization should remain low.
The only time you should run up a card is when you are not planning on applying for credit for a couple of months. Allow the balance to hit your reports then pay in full. AND of course, ONLY if you can afford to do that!!!!
For instance, you have a card with a $400.00 limit, charge it up between $100. to $200. , as soon as the statement cuts, pay in full.
That way you are showing whoever you are applying for credit with that you can handle your finances, that you are using your available credit and you are using it wisely.
If I were you, I would call the credit card company and request that they re-open the card.
Use your cards roughly about every 6 months, even if it is just to buy a tank of gas or a pack of gum.
Then pay in full and stick the card in your sock drawer. |
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catstrophyy
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I doubt it its bad for your credit, but just to be safe, call them and make sure it states there why the account was closed, and check your credit rating at freecreditrating.com to see how its affecting your score. You can also always dispiute with the credit bureaus. Hope this helps. |
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*****
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I have NEVER in my life heard of a credit card issuer cancelling a person's credit card. I have a Discover Card that was inactive for ove 1 1/2 years, so I decided to cancel it., and Discover spent a lot of time on the phone to try and get me to keeps the card. They even offered incentives for me to keep it. This has also happened with a VISA card I cancelled.
If you have no debts owed to this credit card company, you credit rating will be UNAFFECTED. |
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pinkpicklebox
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yes companys like to see that you spend money and that you keep a small balance but you pay it off i belive the best way to get you score up is to keep your balance at a 1/3rd of your total credit line even if you say pay your electric bill on your card every month then when your bill come in pay it off. |
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tomcut2000
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No it is not bad because you don't have anything owning but make sure it is closed technically |
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Curiousty27
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Not sure why they would cancel your credit card, but if you don't owe, continue to use it. Charge a very very small amount on it...at least 25%.....then pay it off..keep doing that for about 3 - 6 months. It will help your score too. |
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cookinglikeaturkey
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It shouldn't, but you should get a copy of your credit report to make sure the accounts are technically closed. Having an open account, even and unused one, effects your credit score. |
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Newt
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Cancelling in itself will not effect it. The card has already on your account, but because of low or no activity, it really doesn't effect the score unless it had a high balance at one time and was paid on time. |
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advice - take it or leave it
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It does lower you score when a company cancels an account. It is better for it to say consumer canceled on your credit report. |
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