 Why do people get so mad when bill collectors call them? Isnt it there own fault that they fell behind? |
| I know people have hardships, but when you think about it there was nothing in my contract with Citibank that I didnt have to pay if I lost my job..I was just wondering..... |
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 Can I pay to clear defaults on my credit rating? |
Instead of waiting 6/7 yrs can u pay to have the defaults removed?
I know it used to happen!
Additional Details
Please let me stress that I know people who have done it in the past.<... |
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 Is it true that Credit Debt will wipe itself out in 7 years? Or Should a person pay the debt to clean credit? |
I am 26 years old, and I have credit debt from the age of 19 years old, I paid a few of them off, but there is another $2,000 -$5,000 sitting on my report. What is the best course of action?
... |
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 Pay in full and receive credit or settle and cease credit relationship? |
Account is in charge-off and reported to bureaus as so. Amex is giving me 2 options.
1. Pay in full($2180) and recieve a card with them to help reestablish credit.
2. Pay 60%(~$1200... |
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 Where can i get a loan? |
| i just got married in march an i was wondering where i could get a loan 4 house an land i dont have any credit an i heard that wen u dont have credit it like having bad credit should i go to my bank ... |
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 My debt is outrageous..I am homeless and carless, how can I get help? |
I don't have the money to file bankruptcy and who can I write to absolve me of my student loans? I never had a credit card...these are mostly medical bills getting ready to garnish me
A... |
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 Cash advance online? |
| Are they a good deal or should I stay away from them need money quick. I have a job and can pay it back just can't come up with the amount I need asap. Anyone know if I should and can ... |
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 American express card? |
| My dad added me to the additional card list. I called customer service and they said that i will not build credit because my dad is the person liable for the charges. But, she said that i will ... |
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 Can anyone please tell me what stores like walmart,target,bestbuy,et... have their own instore credit cards?? |
| i need to know what stores have their own credit cards and that report the credit history to the credit bureau..i dont have any credit cause i jsut turned 18 and i read that this is one of the ways ... |
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 Grace period/late on car payment? |
| I have been sorta late on my car payments for the last couple of months, they just keep hitting me up with late fees, which is fine, I completely understand that. What I am wondering is, if I keep ... |
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 Does someone know what exactly happen when u dont pay your credit card? |
| I know this is bad but my financial situation at the moment is really bad, im unable to pay my credit card and someone told me to stop paying my credit card at all and move house.... |
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 MASSIVE CREDIT CARD DEBT? |
| I need some advice on which credit counseling agencies are the best and the most legite. I am ready to take action on getting credit counseling and getting help with my spending addiction! I live ... |
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 What if a collectors says see you in court? |
| hello i had a credit card charged off 4 years ago i did not have any means of paying it. the company said we are just charging it off. i get a call from a collector friday telling me i have to pay 2... |
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 Do unpaid medical bills affect your credit? |
| Do unpaid medical bills affect you credit or credit rating.... Do they show up when you want to apply for mortgage, loans, etc...... |
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 Plz help! my dad died and now the pension service want me to pay them money.? |
| on the 28/06/07 my dad died. he was a pensioner and so he recieved pension payments. following his death we closed his account and all the money went towards his astounding loan payments. however ... |
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 What percent of my paycheck can i spend on myself? |
And put into savings.. What is the right amount so that i can get a treat once in a while because i am use to spending money on bills but i really wanna spend on myself sometimes.
Additional D... |
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liadercher23 | If you close a credit credit will it hurt your credit score? |
I was told this and was wondering if it was true. |
 |
 
★★gone♦fishn'★★
 |
YES,
If it is open and in good standing(no balance), just leave it alone...This leaves you more "available credit" which creditors look at when giving loans or credit cards..Please read the article below from msn money..and the link..
Can closing accounts can help your credit score
No, no, no. For the umpteenth time: Closing accounts can never help your credit score, and may hurt it.
Every time I write this, I get more e-mail from people who say their mortgage lenders told them exactly the opposite. It's true that having too many open accounts can hurt your score. But once you've opened the accounts, you've done the damage. You can't repair it by shutting the account, and you may actually make things worse.
The credit score looks at the difference between your available credit and what you're using. Shut down accounts, and your total available credit shrinks, making your balances loom larger, which typically hurts your score.
The score also tracks the length of your credit history. Shutting older accounts can also make your credit history look younger than it actually is, which can hurt your score.
Of course, credit scores aren't the only thing lenders look at when making decisions. They typically consider other factors, such as your income, assets, employment history and credit limits. Mortgage lenders in particular might look at your total available credit and ask you to close a few accounts as a condition for getting a loan.
But if your goal is to improve your credit score, you generally shouldn't close accounts in advance of such a request. Instead, pay down your credit card debt. That's something that actually can improve your score |
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ltllady08
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Yes, it true. As long as its in good standing keep it. It will help you in the long run especially if you are ever going to be a home owner in the future. |
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dbrady
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It actually depends on your current account limits. If you are closing out one of your high limit cards, then yes. It will lower your FICO score based on the fact that you have less available credit. However, If you choose to cancel a card that does not carry a high spending limit then it will not affect your score in a negative way..Essentially, any changes you make to your credit trades (installment or revolving) will modify your credit rating. |
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Courtney B
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It is better if you call and close the account instead of the credit card company closing it. On your credit report it will just say customer closed or just closed. |
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finkksta
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two credit cards is good. if you always make your payments on time it helps. Having a bunch of credit cards with 0 balance is bad. or having bunches of maxed out credit cards is bad, it will hurt your credit score. |
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lsrh02
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No it does not, assuming it is paid off. The more available credit you have the lower your score. Credit bureaus look at it as, the more available credit the more available debt. They view that debt as, if you have a $10,000 limit you could immediately be in $10,000 of debt if you so choose. |
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Renee
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idk r u my friend? |
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Kutekymmee
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it depends.
if you have a lot of cards, closing ones you dont use will help your score.
if you only have one or two, closing them may hurt. |
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snvffy
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Probably is true. But the ideal situation is to get out of debt entirely and you don't need a credit score.
Go to www.daveramsey.com and find out how to become debt free. I read his book and it changed how I look at money.
Good Luck |
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oklatom
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I assume you mean credit card, or credit line and not credit credit. It shouldn't. In fact it can make things better. If you have too many cards with too high credit limits, let's say 5 card with $10,000 credit lines on each, they would look at it and realize you could easily go $50,000 in debt by maxing out all your cards. Best just to have 2 or 3 and pay them in full when due. |
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Who me?
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if u don't have any other lines of credit yes
having at least one open good standing credit card will improve ur score because it shows ur trust worthy or credit worthy to other creditors |
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stupid.liberals
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Having a lot of open credit lines is bad for your score. Closing one wouldn't hurt your score. Having it closed because you didn't pay it would hurt your score. |
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