 Credit cards?? |
| Do I have to have a bank account to get a secured credit card?... |
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 I want to file bankrupt is that a mistake????? |
| I was thinking that I should file bankrupt so that I could rebuild my credit in order to buy a home. Do you think that is a good move or not? I want to pay all this bad credit off but it is so hard ... |
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 What does your credit score have to be in order to qualify for a small business loan? I want to be prepared.? |
| I am looking to start a small baby/mother's boutique. The only thing keeping me from going and getting a loan is the fear that my credit score won't be high enough... it's sitting at 6... |
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 How can i start building credit? |
i'm a college student, i already have loans out. how can i start building my credit?
Additional Details
i dont have any bills yet. i have a checking account.... |
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 What help does your bank provide for people who are in debt? |
| I need this answer as soon as possible …please if you answer this question ..let me know quickly…thanks for your help.... |
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| Collections? |
| I have a CC debt that has been charged off and sent to a collection agency. I am waiting on validation of the debt from them after sending my validation letter. What do I do if they do not validate? H... |
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 What can I do about calls to my house (see more)? |
| Some chick gave out my number for everything she's been working on lately. Ie. she checked out earthlink and put my number in and I have been getting other telemarketing calls for her to my home ... |
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 Can I change the due date on a credit card bill? |
Two of my credit card bills are due on the 31st. I get paid on the 1st only. Can I request to have my due dates changed so that I don't have to worry if I will have the money to pay my bill?
<... |
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 I am worried about my credit? |
| I am 21 years old and I am in my last year of college (graduating May 2008) I had 3 credit cards that were all about 1.5 years passed due and in total about 2500 dollar debt. I paid one off in full ... |
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 Can a credit card company randomly raise your APR for no reason? |
I have a credit card and just looked at my statement- my APR doubled.
I called the company and they said they can't tell me why, due to 3rd party something or another, but will mail me ... |
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 I'm 20yrs old and I have a credit Score of 726? |
| is that good?? What can I do to raise it ? How long will it take me to reach 800?... |
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 Safe to give SS number? |
| Would it be dangerous to give someone my social security number, name, birthday, and address? It would be for a credit application but it is not for a certified car dealer, its one of those smaller ... |
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 Is there a statue of limitation for collecting money on a debt? is there anything i can do to protect myself ? |
| i keep getting calls to collect on a debt from 1998. it was one of those sweepstake scams, i never recieved any mags after making a payment so i quit paying.( young n dumb obviously) now in 2006 they ... |
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jerk | If you pay of your credit card every month avoiding....??? |
..... interest does it build your credit the same way as not paying it off every month??
What is the BEST method of building credit? |
 |
 
logan
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The answer is not exactly. Because to build a history you have to show a history. Meaning pay the bill in full and you are carrying a zero balance. But a smart move is to buy something and pay off the majority of it. Leave a little balance left over and then do it again next month. Every couple of months pay the bill in full. You need to carry some balance to show your credit worthiness. The scoring system looks at your balances.
The scoring system also looks at your blances versus your limits. In general keep your balances low and always below 50% of your available line of credit. 30% or lower is ideal.
Also never close out an old card. In doing so your score then takes the next oldest card to account for your history. This will drop score. Also don't raise or lower your limits to try and change your score. Lowering them only makes it look worse and changes your 50% mark. while increasing them only adds another inquiry.
You want to keep it good and show you are responsible. Right there what I gave you will be a big boost in about 6 months. But also stay away from opening new lines of credit. That too will lower your score.
Basically you have to use it and not abuse it to get a good score.
i put a link in here that will give you some tips. |
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TMLeaf Fan
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Paying it off monthly demonstrates a good ability to pay on a regular basis. Even if you only make minimum payments on a timely basis, your score goes up and you will not have any issues with future loans, mortgages etc. |
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cork
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yes |
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Todd S
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It's okay to use credit and not pay it off completely, but as time goes on, you'll increase your monthly liabilities, and reduce the amount of available credit, which will lower your credit score.
It's good to keep your debt down to around 20% or less of your available credit. So if you've got three credit cards with a total credit line of $10,000 altogether, keep your balance down to $2,000 or less.
You want to have a good chunk of available credit, otherwise you'll find your score sinking.
You don't need to pay everything off completely, you just need to have reasonable ratios of available credit.
Learn more at http://www.thetruthaboutmortgage.com and
http://www.thetruthaboutcreditcards.com |
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whatevit
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The question presupposes that you would incur bills and partially pay it, in hopes of raising your credit score. This is a bad thing to do and any gain in credit is loss due to foolish use of money.
One should buy only those things on credit to facilitate the transaction of the sale. Credit balances should be paid as soon as possible. Savings accounts should be growing on a daily bases and all people should be about earning more each minute.
The best credit risk is "0"; none at all. The people with money in the bank are the people that can pay even when there is no income. The thing that all of us need is to increase our income and save.
If after taxes:
Our income is $20,000 and our expenses is $12,000: Our saving is $1,800 / the rest we throw away. Our credit rating would exceed the other guy who makes $80,000 / expenses $65,000: Savings $5,000.
The reason being is the ability of a person to recover from a 50% loss of income is another factor of things that happen. My point is that, putting your funds to work, is the only way to improve your credit rating that makes sense in the long run. Other tactics result in a shell game. |
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NONAME
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http://answers.yahoo.com/question/index;_ylt=AoHmr3_QCNxviQUrR.XnJ6Tsy6IX?qid=20070109155014AAdJl4R&show=7#profile-info-62c6008d0b2a4511cd62ee1eb619d572aa
Read the answer I gave here. |
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firestarter
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Pay your full amount due the month that it is due. If you don't, you may at best get a good FICO score like 650. If you do, your score may be 750 or more. Have a great year. |
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edoubleyou
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no it's not the same
paying it off is the best thing you can do
not paying it off is the worst thing you can do
the ONLY method of building credit is paying your bills every month on time |
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jseah114
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Your credit would actually build faster if you did not pay off your credit card each month, but you paid on time and your balance each month did not exceed 50% of the available credit. |
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