 Can loan companies etc actually see your credit record? |
| Or are they only given your credit score? I know I can view my whole credit record online, but can companies you are applying for credit with do the same? Can they find out how much you owe other ... |
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 A collection agency is threatrening to sue me over 200.00 will they sue over such a small amount? |
| i really cant pay this debt right now and i always thought they wouldnt sue over such a small amount. but they are threatening to.... |
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 Bank of american took my visa card and i allways pay my bill is this fare? |
| ill allways paid my bank of american visa on time and in advance now there takeing my card is this fare?... |
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 What happens to you, when you quit paying your credit cards?? |
| Hi everyone. Im 19 going on 20, and I have 14 credit cards. For a long time my ex boyfriend was paying the minimums each month and now that we have been broken up for a long time, he no longer ... |
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 When you cancel a credit card do you need to have it paid off first? |
| I have a couple too many credit cards and I'm having difficulty keeping on top of the bills for them. If I want to cancel a couple of them do I need to have the balance paid off first or can I ... |
|
 Would you report your own mother to the authorities for identity theft? |
| my mother has open various account under my name and now they are into collections. i dont know what to to becasues i couldnt live with that in my concious all my life......but then on the other ... |
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 I have received a letter address to my name but to the wrong address accusing me of being in debt and taking? |
legal action - the postman has given me it based on my surname - do i have to pay the debt?
Additional Details
It is not my debt - I have never been a customer of this company.... |
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 What is "APR" in reference to my credit card? |
I just got my first credit card, and it says my APR is 21.99%.
My boyfriend tells me that whatever I buy, I have to pay 21.99% of whatever I bought to the credit card company...which ... |
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 My fiance and I want to get married. I have a 40k student loan in default. Will this affect his credit? |
| I am working on a payment arrangement for the loan. My credit is shot. What affect will this have on his credit? He is a business owner.... |
|
 Why can't i get a credit card? |
| I'm 18 and im finally able to get a credit card, wat wood be a good interest rate, the 1 i looked at was like in the 17-20 percent rate, i tried to get a walmart card and even at walmar tthey ... |
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 DEBT: I owe $8879 how should I pay it off??? |
| Student Loan: $2625, Best Buy Card: $2029, Old Mastercard: $2871, Old car loan: $1090(it was reposed and this is what they want from me b/c it didn't get full value at auction), Hospital Bill: $2... |
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 Capital one credit card? |
ok i have a question for people who have capital one and have went through the same thing, or even better yet, someone who works there.
me and my husband have awful credit, well capital ... |
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 Credit card limit? |
| if you have reached your credit limit ..but use the card again..will the transaction go through?... |
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 My credit card company has charged me £12 late payment fee even although I sent the cheque in plenty of time. |
| When I called them to complain they claimed the payment had now been received but due to the christmas post and the days the bank was closed over the festive period that my payment had been delayed ... |
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Tracy F | If you have a zero balance on a credit card is it better for your credit score to keep it open or close it? |
I once was told it hurts your credit score when you close accounts. Is this true? |
 |
 
Squiggs
|
You've had a lot of answers. Here's one that may help you.
Your credit scores are reflected by how many accounts you have open and how much total debt you have. This includes car payments and house payments, etc. Your credit rating shows up as total amount due for all accounts.
Since this is the case, it is best to close an account if it is dormant. The more accounts you have open, the worse it looks to the creditors. |
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TedEx
 |
Funny you should ask. I had a Sunoco credit card, and I recently received a letter saying they were cancelling it. Apparently my spending patterns have changed, and they're cancelling it because I haven't used it-- in their words--"Recently."
I haven't used it for12 years. "Recently?"
So- don't cancel it, just leave it alone. Maybe by 2019, they'll cancel it for you. |
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Amy R
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I had an issue with this last summer. I decided to close all of my open accounts and it did have an effect on my credit report b/c I did it all at once. If you do it, stagger it so it doesn't look so drastic. |
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jargent100
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If that's your only credit card, keep it open. If you have others, close it. |
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taarna_73
 |
Keeping the credit card will establish your credit rating.
Plus, you never know when you are going to need a lot of money fast ie. plane ticket to go to a family funeral etc.
As long as you pay your card in full every month, you shouldn't have any problems. |
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islesfan44
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The answer is, maybe. You see, there are two factors at work here. First, there is the plus factor of variety of credit. More than 1 credit card is better than just 1. On the other hand, the more available credit you have, the more trouble you can get into, and that factors into your score as well. Perhaps the real question is, do you need the card? If so, keep it. I keep one empty, high limit card in my safety deposit box. If something major goes wrong, I have a safety net. |
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hirebookkeeper
 |
Not true, because if it is open it means that you have the possibility of charging your card's limit. If it is closed, the that lowers the possibility of you having that much more debt. |
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mechanical_prints2
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It always looks good to have open accounts with a zero balance. Don't close it. |
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SPIFIMAN1
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If this is one of the only credit cards you have? Then do not close it. Continue to use it for every day things like food and gas, be sure not to exceed 30% of your credit limit in any given month and pay before the due date.
If on the other hand you have several credit cards then close it.
There are a lot of uninformed people out there, do not listen to them. Your credit score depends on your payment history 35%, your time in bureau 15%, your type of credit used 10%, your new credit 10% and your debt to credit ratio 30%.
You need at least 2 open credit card accounts and at least 1 open installment account all with good long pay historys to have both a good credit score and a good credit profile. |
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beauty s
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keep it open, it shows that u had credit for a long time |
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Scotty H
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close it. Even if you have a 0 balance. Every credit card you own makes you more of a risk, therefore a worse credit score. |
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$m¤¤v¥ £¤¢¤
 |
Yes, because 2 things: it decreases your payment history which makes up 35% of your score, and also decreases your available credit making it look like you owe more than you're borrowing, which makes up 30% of your score that way. WIth that said, you should ask yourself is it worth it to tank â…” of your score to close your card. Credit is designed to be used sparingly and the way it's scored insures that it happens that way. If you open an account, you better be certain that you're going to use it, use it wisely.
So to answer your question, yes it can. |
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themovieguy73
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leave it open
as long as you dont have 10 cards
your score goes by how long youve had it open |
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JohnnySmoke
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Close it unless you plan on using it.
Active accounts...Good
Inactive accounts (even zero-balance)...not good. |
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