 Why won't they give me a chance? |
| I need a credit card for college, but I get turned down. I got my credit report, and there is no blemishes on it. Actually, there's not much on it at all. I also don't have the $200.00 to &... |
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 Cash Loans.? |
| Where can i get a cash loan, I have really bad credit and everywhere i have tryed are turning me down tryed prov personal credit and many others, At the mo i would even consider a loan shark, any ... |
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 How can I rent a car WITHOUT a credit card? 10 Points awaits the best answer!? |
I need to hire a motor on the 7 th August. Any ideas?
I only have debit card..
Thanks in advance
Additional Details
Sorry am in the UK!... |
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 What's the worst that can happen if you do not pay your debts? |
| How long does it take before they try to take you to court and how can you get judgements of your ... |
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 What exactly is "consolidating" your bills?? |
| I know this is sort of a dumb question, and I know what it means, they put all of your bills together for one monthly payment, but does it really help? or do they end up screwing you over in the end..... |
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 Asked to cosign a loan.? |
| A family member has asked me to cosign a loan to pay the IRS. If they default, when will I be notified? Will I have to pay it all at once or can I continue to make monthly payments. If they miss a ... |
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 Credit card charges what can you do to avoid them? |
| why do some retailers charge a service charge when using a credit card as the transfer sometimes just takes ... |
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 Serious, honest answers only? |
| If I were to finance a $15,000 auto loan with a term of 66mths now will that hurt my credit in, say, 3 years when I try to get a home loan?? What am I saying is is will the lending institution look ... |
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 Building credit? |
| i am a sophomore in college, and i dont have credit and i want to build it. i have applied for credit cards that say they are for people to build their credit, but i dont get approved because of ... |
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 How can I stop compulsive shopping? |
| I am in debt because of shopping, I maxed out my credit cards and now I borrow money to go shopping, and I buy things I don't even need, I feel better after shopping, it's like a high or ... |
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 Building credit...What is the best way to pay for credit card purchases ?? |
1) Should I make small purchases lets say 100$ a month and
pay it off in full upon billing ?
2) pay full balance before i recieve my bill ?
3) make the minimum payment only ?... |
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 Buy a giftcard, with a giftcard? |
| i know i am receiving a walmart giftcard from my aunt. And i do not want anything from walmart. So i was wondering if it would be possible for me to use my walmart giftcard to buy an all access Visa ... |
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 How to recover money that was borrowed to a friend who refuse to return? |
| i borrowed a total of $4.5K over nov'06 and dec'06. i kept asking for the money to be returned, and was given all sorts of execues and now..this friend is uncontactable or have been ... |
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 Why does no one save up for things? |
| Cars can be bought on credit, OK if it is zero percent but if you have to pay some of the exhorbitant amounts they charge, why not save up?... |
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 Will I be okay just paying part of my credit card? |
What will happen if I just pay much more than the minimum payment but I still have a balance left on my card? I'm maybe going to be able to pay out about $300 or $200 out of $500...
W... |
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 Which credit card offers the highest limit for someone with credit score 650-699? |
| I am trying to raise my credit score by spending low on a credit card with a high limit. I currenty have a 652 credit score. Which card would offer the best chance to raise my credit this way?... |
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 When purchase goods on your credit card, do you clear it off every single month? |
... Or pay it off slowly?
Additional Details
I too pay mine off every single month :)... |
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 Rebuilding credit? |
| I have had some credit problems and been over my limit a couple of times, but I can finally pay off my credit card. My question is that i have 2 credit cards, i want to cancel one, and use the other ... |
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jim.walker0 | Is having too many credit cards bad? |
I like to take advantage of the cash back of major cards and coupons that many department stores give. I have about 8 different cards. Total probably around $20k in credit limit. Is it bad to have that much credit? I have no problem at all controlling my spending and have no debt-everything is paid in full every month. Some of the card's promos have ended and I can cancel a few but does this look bad also? |
 |
 
echo
 |
$20k is not that high for a combined total in credit limits - unless you only make $5k a year.
As long as a person takes care of their credit, having limits that meets yearly income or even exceeds yearly income could gain that person not only high scores but also creditors offering products with excellent terms attached.
Again, as long as a person is taking care of their cards by keeping utilization down, paying on time (preferable in full), never going overlimit, etc. (which is what you say you are doing)
The "only" time you should really carry a balance and make payments on a credit/charge card is when you have a 0% interest promo for x number of months.
Since you state that you have no problem controlling your spending and you pay in full every month, you are proving to all creditors (current and future) that you are a good risk.
I wouldn't recommend cancelling the cards that the promo's have expired.
You might keep the cards locked up and pull them out every once in a while, make a small purchase then pay when you get the statement. Allow them to continue to raise your scores.
It sounds like you should have a decent credit history, by what you have posted. So closing the occasional card should not have a major impact on your scores
But opening cards for the promos, then closing them after the promo's expire will show an unstable credit history and will eventually send red flags to any future creditors. You will probably find it harder and harder to be approved even if your scores are high. |
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Gill
 |
I'll say it has it's good and it's bad, to much credit can be just as bad as not having none at all, but some people would love to be walking in your shoes right now, i have myself 1 good card and that's all i need. need a shopping buddy lol |
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xsplodeit
 |
I DON'T LIKE CREDIT CARDS, BUT IF YOU YOU CAN MANAGE AND AFFORD YOURS THEN WHY NOT? |
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libbygail_51
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It can be, but you seem to have it under control. I've done some reading on it and no you shouldn't. What will happen, it will lower your debt/income ratio. So even if you continue doing what ur doing and controlling it, keep'em. If you watched your credit score, it should have dropped when you canceled those that you did. |
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boardupking
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As long as you're paying them ON TIME, I think it can actually HELP your credit. . . maybe |
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Jill C
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yes identity theft is all over the place. if you do have a lot of cards then you should know exactly which ones you have made and which ones thieves might have made to steal your identity and your money. |
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brandy.baybee07
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Well its not good to have too many if youu cant pay them off but if youu pay them off every month and never get behind and go crazy with the credit cards then its fine believe me ive learned my lesson :]] |
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Raphael D
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If you'r confident you'r never gonna get all those credit cards stolen and you'r using them wisely then why would there be a problem? |
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visvahere
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Yeah kinda bad to have many credit cards. You tend to spend more knowing your 20K limit...
If you can control your financial activity, you may use a debit card instead :) |
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richard t
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WAY TOO MANY CARDS................EVENTUALLY IT WILL BITE YOU ON THE BUTT...............NO MORE THAN THREE CARDS.............. |
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leonard s
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yes |
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NytewolfAU2k7
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yes. Even having 1 card is bad. Think about it. You're spending money that isn't your own. |
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Scott M
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It can be. Your credit to income ratio is what could mess you up. If you make 25K a year and have 20K in credit cards available to you, you look like a high risk. If you should fall on hard times you could quickly put yourself in a hole and not be able to pay your creditors.
So, yes, having too many credit cards or too much credit available makes you look like a high risk. This can lower your credit score and make banks think twice before giving you a loan.
Canceling cards wont generally affect your credit score. |
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skyler5599
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each store (best buy, macys, etc.) card take 2 points off your credit score. they see these types of cards as "impulsive". |
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