 Can i be in big trouble? |
| i have 4000 loan and credit card 2000.im leaving a country and wont have job for a while.will i be find and what happened?Im not planning to back.... |
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 Can a creditor go after a spouse after they are deceased? |
| My dad passed away a few months ago. My step mom tells me that creditors are claiming she is responsible for the debt he owed in his name. This is in the state of Texas. They did not jointly go in on ... |
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 Anyone out there received Emails supposedly from Royal Bank of Scotland? |
| They usually request me to update my bank details, I suspect a scam as I do not have an account with that bank also they keep refering to me with different titles. Any info would be ... |
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 Can credit card companies garnish your paycheck for outstanding debts? |
| Chase is threatening my wife to garnish her paycheck. Can they do that with credit card debt? We can only afford the rent and essentials right now but want to pay all our debt in the future.... |
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 Is Capital 1 the worst credit card company? If not, who is? |
| Capital 1 is the biggest blood sucker that I have found. What about you?... |
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 I used my dad's 2 credit card without his knowledge, and we are receiving bill collection calls, what to do? |
| My dad never used those 2 credit cards he just bought them coz like he said they were asking him to get it . I used it to become online member for online game RUNESCAPE for 2months, one month each ... |
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 I applied for a credit card, but have since changed my mind? |
If I get approved, do I have so many days to change my mind and refuse it? Or do I have to accept it and then cancel it at a later time?
I don't have any credit cards and in a moment of ... |
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 Buying stuff online with credit card? |
| if i buy sumtin online would the persons that i use credit card find out the place i ordered it to? like if i took my bros credit card and bought a jabbawockeez mask and put my friends adress down ... |
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 Need a credit card with a high limit but I have bad credit? |
My credit score is 506 and I am traveling to Germany but I need a credit card with at least a $2000 limit or more to pay for my airline tickets.
Additional Details
I only have bad credit ... |
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 What do you do with unsolicited credit card offers? |
I find them potentially dangerous. Yet I still get them despite having OPTed out at the credit bureau.
I usually send back the prepaid envelopes over-stuffed with junk mail. What do you do?... |
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 About my credit report? |
How can I find out who I owe money to and how to pay them back?
How soon after I pay off my debt til my credit score improves?... |
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 Why do employers require a credit check? What exactly are they looking for? |
| Why do employers require a credit check? What exactly are they looking for? Will a recent bankruptcy keep me from being hired?... |
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 How do you mail money? |
| i ordered somethin but i dont have a credit card or check so i checked money order. but i heard if u put money in the mail, peopel steal it or the mail comes right ... |
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 I was a passenger in a car that was rear ended, the car that hit us was insured, why am I responsible? |
| This incident happened in January of 2004. I was in the car with an Army recruiter, and the car was rear ended by a truck, It was the driver of the truck's fault. Well I went to the hospital ... |
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 Which credit card is best for me? |
| I'm a college student and I have never had a credit card. I want to apply to one but Im not sure which one would sute me best. I have known that some credit cards will charge just for having ... |
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 Does it help my credit score to payoff a charged-off credit card from 5 years ago? |
| Long story short, I was young and stupid, and let a $500 Capital One credit card bill go to collections and never paid it off. Now, of course, it is damaging my credit report. My question is not ... |
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 Is it safe to order online with a debit card? |
| I just got a debit card because I'm going to live at my friends house during the summer, but there arent any stores close by. Is it safe to use a debit card to buy stuff online?... |
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dutchess | Is having no credit like having bad credit? |
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msapplebottomculo
 |
I don't believe that statement at all. I mean it will be hard for you to establish credit with non, but it is better than having TONS of bad credit.
Tip: If you are looking to establish credit try starting with your banks credit card. Many of them are willing to work with you starting a card if you have had some established checking with them. |
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RedSoxFan
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No. It is better to have no credit, as it takes 7 years for bad credit to be removed from your credit record. It takes time and effort to establish good credit, but it is a lot harder to get rid of negative credit.
Most companies understand no credit history, but are not interested in granting credit to someone who had abused credit in the past. |
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hvnzaznangel
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no! No credit means a clean slate but it also means that you have no history. This can work against you because often when you want a loan people want to see a solid credit history, or even when you try to rent an apartment.
however, bad credit will almost definitely always work against you. So, try to apply for a couple of credit cards and charge some things on it. Remember to always pay bills on time and try not to just pay the minimum. Always try to pay the full amount each time. If you forget to pay, your credit report will be affected and will stay on there for a minimum of seven years. |
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tito_smootz
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No if you are financially free. If you pay cash for everything, then you don't owe anyone. If you save for the things you want to buy then you will own them.
If you are tying to get a house, get a mortgage company that does manual underwriting. Even though house mortgages are loans, the house usually goes up in value and not down. They look at your job, your income and the size of down payment you are going to make.
AND, they will more than likely think you are going to pay off your mortgage than the average person with car payments, student loans and tons of consumer debt. |
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karenhenry3
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Of course there is a difference…when you have no credit you can try and try to apply for credit until someone nice accepts you...capital one master card is a great place to start…bad credit is “hellâ€, doomed forever…you can never get credit until you pay off ALL your dept. |
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jbowler
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No. Having no credit means you haven't established a credit history. You can't get a credit score unless you use credit.
Lenders might have a hard time judging your ability to repay. However, you are not carrying the stigma that bad credit carries. In that case, lenders know that you are not a good credit risk.
Having no credit might mean having to pay a bit more at first, but once you establish good behavior, your credit score will be set and should be quite high. |
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loanman46
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Definitely not. Having no credit is having no history of credit. Once you establish credit your profile will change accordingly and without and prior marks causing a problem.
Having bad credit shows established payment character that will follow you for 7 years.
Here is some additional info. Hope this helps. |
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*****
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Yes, in that the creditors are wary about trusting you to pay on time. |
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slobberknocker_usa
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Credit, in a nut-shell, shows money-lenders whether or not you are responsible with money. They want to know if you are a good investment with their money. Therefore, lending money to someone with no credit is a very high risk investment; a risk most lenders won't make.
Most people establish credit by paying off student loans or with store credit cards and paying them off. I believe a checking/savings account at a bank helps, too. |
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kosmikgirl05
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Having no credit is worse. Its like you dont exist. But, in a material world, thats not such a bad thing. |
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meme
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*** ya, it is. u need to get a credit rating established, otherwise they have no idea what kind of a credit risk u might be. they wanna see that you have the discipline to actually make payments and timely ones at that. u know how to GET a credit rating for yourself? go to a financial institution and get a SECURED credit card. A $500 visa will usually cost you $600, and they'll just put a hold on that $600 in case u don't make payments they can get their money back. Otherwise, after about 6 months or so they'll release the hold, and you can have your money back plus you'll have a regular visa that's no longer secured. |
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queenofkings2525
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no credit is worse than bad credit |
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jameslankford
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Well, it's actually worse. Some places won't give you a loan with NO credit but will give you a loan with bad credit, although with a higher interest rate. |
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vanamont7
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You have to pay it back. And then some! Think about it. And there's a service charge!! |
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☆BTriX☆
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It is sometimes worse. If you have bad credit, you can always get someone to give you a credit card to repair it. If you have no credit they just assume you will screw it up. |
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