 Can anyone make an argument for the use of credit cards? |
| I cannot find one reason people use credit cards instead of just paying cash. It appears to me that it is just playing with snakes, and even incentive cards have high interest rates and outrageous ... |
|
 Was I a victom of a credit card scam? |
| I just made a transaction on my credit card from newegg.com. Just after I submitted the order, A screen from my bank (HSBC) asked me to set up a password for protecting my credit card during online ... |
|
 How should I Start building myCredit history the right way? |
| I never had credit im 18 now!!! And i want to buy a preown car in the next 3 yrs. So im asking what should i do to get good crdit fast and what can i do with it.... |
|
 Cancel my credit card? |
| I've had a BoA credit card for about 4 years now, I just got the balance to 0$. I'd like to cancel the card, but have heard both side of the story of it hurting my credit and not hurting ... |
|
 How do you respond to creditors who harass you by phone.? |
| This company calls quiet often even though I have told them to stop because I never had an credit account with this company and if I did it is way past the statute of limitation. They want me to ... |
|
 I got a letter from a collections agency threatning Arbitration? What is that? I'm scared!? |
| I got a letter in the mail from Midland Credit Management, Inc regarding my debt with Verizon. This debt is from 3 1/2 years ago. It says to call them to arrange to pay the balance of $1096.08 by 8/10... |
|
 Can you return clothes to Topshop without a credit card if they were bought with a credit card? |
| I accidentally bought a top in the wrong size and I decided I didn't like the top that much anyway, and I'm just wondering - could i return/exchange it without my mother being there (she ... |
|
 Home loan with bad credit? |
| ok here goes im trying to buy my first home. have little to no money to put down. credit not that great does anyone know of a place in kc mo that will help me ... |
|
 Can anyone recommend a good credit card? |
I've never had one before so don't know where to start! Am also worried about getting turned down cos I have no credit history.
Additional Details
I should probably give more ... |
|
 I have a foreclosure but want a new car - I've been denied. How can I get one? |
Additional Details
For those of you who choose to judge me based on the limited information I have included, please note that the foreclosure was over two years ago and was the result ... |
|
 Am I obligated to buy something if I apply and get approved for a credit card? |
| I know this may seem like a silly question, but I need a credit card as a second form of ID to open an account at a video store. I also need a credit card to create an account with Microsoft Office L... |
|
 Credit card will be raising interest rate on balance. Should I close it so I can pay it off at the lower rate |
| I have two credit cards from the same company - one is an older account with a higher interest rate, the other is a newer account with a better interest rate. Both cards have balances that will take ... |
|
 Any suggestions on how to get out of debt quickly? |
| I am already working two jobs and serve in the Army reserve. Bad thing is I have bad credit so I cant seem to get a loan that I can afford. Have several offers, but dont want to just get something ... |
|
 I need a good debt consolidation company. Any ideas? |
| I have several personal loans out. My monthly payments add up to about 800 a month, i only make a 1000. I'm not behind on payments but i cant keep up much longer. I cant seem to get any local ... |
|
 Is anyone in my situation..I havent paid my credit cards in 2 years!? |
| I just couldn't. Now i'm freaking out because I don't know what could happen from here...Someone help!... |
|
 Only serious answers please. Those that are cynical will be reported.? |
| I have a high cellular phone bill, and am having trouble paying the bills. What do the consolidation companies for debt do? charge? Where can I find some help? We both have jobs but are suddendly not ... |
|
 I just started a position working from home... I need an emergency cash loan or payday loan.? |
| Does anyone know of a LEGITIMATE cash loan or payday loan company that does not require you to work at your employment for at least 3 months? Most sites I go into and fill the application need you to ... |
|
|  |
Bubba | Is a credit score of 674 good for a 20 year old college student? |
I have 2 credit cards, the one has a balance of $0 and the other has a balance of $900. |
 |
 
mindgames711xo
|
i would think so |
|
Kirk
|
Its a Great score....but i would charge something on the credit card you have a balance of 0 on....you will lower ur score if your credit card balance is at 0 |
|
just me!
 |
I was told that thats about normal for a 20 year old. |
|
john d
|
Yes, it is a good score for a 20 year old college student. Debt to income ratio is also critical whenever u need financing. I'm going to assume you are not responsible for much financially and that your income is not in the higher end.
Generally, a score above 700 is considered a good score.
850 is the highest. The highest scores range from 720 to 850.
From where you are currently at, it is very easy to lose your favorable position once you begin to take on debts.
Expenses can easily grow from where you are in life. Mortgage, credit cards, student loans, car loans, family expenses(children, spouse, parents, siblings) , medical bills, various insurance payments. Just plain living expenses will add up.
It is also a great position to keep increasing your credit score and history. A 700 is highly reasonable if you maintain your debts well. Even a 740 is highly reasonable. Maintaining a variety of debts wisely is excellent for your history as it can gain favor with creditors.
If you get a decent job after graduation, you can really stretch your credit if you have a score in the high range if you need the financing for whatever reasons. If you choose to do this, do it wisely.
btw, what the previous responder is correct; however, whenever your credit history is going to be examined and scrutinized they will see that you felt that you needed to resort to "artificial" means to boost your score. That prob won't even matter if everything else in your history checks out fine. |
|
ron b
 |
It is a good score and here is a quick way to get it to 700+
The next time you have $500 available, go to a bank and open a CD with $250. Immediately apply for a $500 line of credit, partially secured by the $250 CD. Your approval should be instant. Activate the card and be sure to pay the balance in full each month.
Do this same process at one other bank with the remaining $250. Your score should go up 30 points within 30 days.
You will be left with a 0 balance line of credit at twice the amount of the CD's you have on deposit to boot! |
|
Crazyjester9
|
That's pretty good. |
|
Diana
 |
Yeah! That's a good score. No worries there. Try not to charge anymore to your credit cards, though. Pay them off. You don't want to get into debt and then actually see your score go down. |
|
el guapo
|
yes, thats not bad at all. your on your way |
|
Michael B
|
Pay the card. All in all, a decent score. They know you are 20. |
|
DitziDame
|
i would say that is very good. mine is only a 680 and i'm 25, so i would say you are doing well! |
|
IAN
|
it has more to do with you making payments on time than how much you owe, the national average credit score is 692, just keep paying your bills on time and your credit score will continue to improve |
|
twinmumi
 |
thats pretty good but keep paying as much as possible don't be late and don't get too many cards that is the problem too many cc offers for college students |
|
takeme2thebnk
|
Pretty good, but there are a lot of factors that play in. Don't get too many credit inquiries, and never max out a card, and you should be ok. |
|
cuno84
 |
No, even if your not in debt, and you haven't had a mortage yet, this means you still have a problem with credit cards. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 37 minutes(s) ago
| | | |
13 | 58 minutes(s) ago
| | | |
14 | 3 hour(s) ago
| | | |
13 | 5 hour(s) ago
| | | |
14 | 8 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
13 | 1 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
14 | 6 day(s) ago
| | | |
12 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
